Business loans are crucial, whether they’re to get a business up and running, help it grow, or smooth out a rough patch. But getting a loan isn’t always easy. To learn more, check out the infographic below, created by Maryville University’s online Bachelor of Science in Business Administration program. What to Know Before You Apply for a Business Loan Nobody should sign for a business loan without being absolutely clear what the terms are. Even before signing on the dotted line, ask yourself a few key questions: Is a loan even the right choice for me? There might be alternative […]

Tables of Contents Importance of ethics in international businessInternational business laws and regulationsInternational communication and cultural barriers in businessWhat are cultural barriers in business?Outsourcing and offshoring for business Ethical standards establish trust between parties doing business together, including both partners and customers. Organizations earn this trust by demonstrating a pattern of ethical behavior over time, gaining a reputation for fair dealing and respect for human rights and social responsibility. First and foremost, ethics are their own reward, in business and in our private lives. Living ethically reflects good character and concern for the well-being of others. This leads to a […]

To find a niche in the business world, it’s helpful to examine how you can best contribute to a business’s success. Some individuals’ strengths are in organizational leadership — bringing employees together, guiding them through challenges such as change or conflict, and helping them fulfill the business’s mission. Others have strengths in a specific aspect of business administration — for example, finance, accounting, marketing, or management — and they make their best contributions to the fulfillment of the business’s mission by applying their skills directly to those functions. Both organizational leadership and business administration expertise are critical to a business’s […]

While modern technology can make the world feel smaller, the global economy keeps getting bigger — soaring from $70 trillion in 2015 to more than $85 trillion in 2018, according to the World Bank. Each day, billions of dollars change hands, in purchases at local businesses and trades on global markets. New markets can go global overnight, transforming the financial landscape. It takes the specialized knowledge of economists, market analysts, business executives, and investment specialists to successfully navigate today’s complex marketplace. Students who want to work in finance, economics, or business usually must have a college degree to enter the workforce. […]