International Business - Gateway to Global Opportunity

International Business

GATEWAY TO GLOBAL OPPORTUNITY

CONTENTS

2

PHILOSOPHY

4

ACADEMICS

6

EXPERIENCE

34

LEGACY

42

GLOBAL COMMUNITY

52

FUTURE OF IB@MOORE

56

3

WE BELIEVE IN THESE GUIDING PRINCIPLES:

Our Philosophy

In an interdependent world, the global economy impacts every company.

Bridging international complexity requires a collaborative network of open-minded thinkers and doers.

Studying international business opens a gateway to success in an ever-evolving global economy.

International business is only understood when experienced.

Integrating different disciplines transforms your world view.

5

ACADEMICS

Academics

At IB@Moore, it’s not business as usual.

We bridge cultures, contexts, borders and markets to transform our students’ understanding of the global economy—and their place within it.

7

WHO WE ARE 50 years of excellence in international business

An integral part of the University of South Carolina, IB@Moore collaborates closely with world-class institutions, partners and executives to provide students with access to the best international business education in the country.

Of course, studying international business requires more than coursework. It requires stepping out of your comfort zone and experiencing the world, which is why we’ve been pioneering experiential learning since day one of our program in 1974.

While some schools have only recently begun to expand their academic offerings abroad, our students have been learning on location for fifty years. They’re not merely studying abroad; they’re also immersing themselves in languages, customs and cultures.

We prioritize experiential learning because we know that understanding business fundamentals isn’t enough. You must also understand the institutional, social and political contexts that shape the global economy.

Academics

As global markets evolve, so does our curriculum.

That’s the IB@Moore way.

9

OUR OUTCOMES SPEAK FOR THEMSELVES Strong institutional support and the vision of our leadership have allowed us to transform what’s possible and advance new ground in the field of international business, year after year.

No. 1

No. 1

Undergraduate International

International MBA program

Business Degree from U.S.

from U.S. News & World

News & World Report for 25

Report, ranked in the top 3 for

consecutive years

34 consecutive years

Academics

No. 1

Top US

Worldwide for faculty

Master of International

research productivity in

Business program as ranked

international business for

by the Financial Times

30 years (UT Dallas)

11

Academics

PROGRAM OVERVIEW Undergraduate—B.S. in International Business

Graduate—Master of International Business (MIB)

Graduate—International MBA

Graduate—Ph.D. in Business Administration (International Business and International Finance)

13

UNDERGRADUATE Our undergraduate International Business degree has been ranked No. 1 in the U.S. for 25 consecutive years by U.S. News & World Report.

That’s not a coincidence.

That’s a testament to our rigorous curriculum, our distinguished faculty and our best-in-class students. By necessity, our admissions process is highly selective, restricted to 200 students per year, resulting in a small student body of dedicated, high-achieving and diverse individuals.

Our curriculum is as ambitious as our students, emphasizing the cultural, socioeconomic and political factors that shape international business.

The IB@Moore undergraduate degree includes courses in business fundamentals, specialized international business topics and advanced foreign language training. We also integrate our curriculum with intentional global experiences, providing students with a comprehensive grounding in all things international business.

Every IB@Moore major is required to spend a full semester (or more) overseas, gaining experience in regional economic issues and insights into key themes such as corporate governance, global sustainability and leadership and public-private partnerships.

Academics

Our study abroad options give IB@Moore students the opportunity to pursue an experience that enhances their career paths and goals: •

Our highly innovative and competitive Cohort programs are designed for students to study two or three semesters at partner universities around the world and gain regional and thematically focused expertise and language proficiency.

•

All International Business major students go abroad for at least a full semester and may also participate in our short-term, faculty-led Global Classroom programs or even apply for our Oxford Scholars Program in England.

Regardless of how they choose to study abroad, all our students graduate with unparalleled experience and learning, preparing them to become active leaders in the global economy.

15

GRADUATE - MIB Master of International Business

The MIB program empowers students to master a world in motion, providing them with the tools needed to analyze the cultural, economic and political forces that shape global business. The Master of International Business program provides a strong foundation in business fundamentals, as well as the unique challenges and opportunities of international business.

Students can select a one-year MIB program to develop expertise in a focused subject matter or a two-year, dual-degree immersion program to earn two master’s degrees from USC and an international partner institution.

The MIB’s interdisciplinary curriculum includes 30 credit hours in subjects such as international strategy, cross-border supply chain and team management, foreign investment strategy, sustainability, emerging market business development and risk analysis.

We also require students to complete a business methods “boot camp” and professional development workshops. They receive specialized certificates in Global Strategy, International Finance or International Market Development. A Business Analytics Graduate Certificate is also available for students seeking a STEM-designated program to best prepare them to make data-driven decisions.

Finally, students have the opportunity to participate in international internships and learn on location with one of our top-tier international partners.

Academics

MIB Dual-Degree Program The MIB dual-degree program is a unique, two-year program where students earn two distinct master’s degrees from two world-renowned universities. In addition to a degree from the Darla Moore School of Business, students earn a second master’s from one of seven international partner schools such as the University of Mannheim, the no. 1 business school in Germany, or the ESSEC Business School in Cergy, France and Singapore, which boasts the no. 4 ranked Management Master’s Program in the world.

17

Academics

GRADUATE – IMBA International Master of Business Administration

A traditional MBA with an international perspective, the IMBA program is a 22-month immersive experience with a unique blend of classroom instruction, hands-on projects and experiential learning abroad—including working directly with global companies.

Two tracks are available in the IMBA program: the Global track and the Language track. The Global track offers an enhanced global curriculum with immersion in an English-speaking country, while the Language track offers intensive studies in French, German or Spanish. Students select from a range of functional specializations that align with their interests, including finance, operations and supply chain, marketing and strategic management. Graduate certificates and elective courses beyond the functional specializations offer students greater opportunity to customize their program of study. The IMBA program also provides students with experiential learning opportunities by integrating coursework with real-world consulting projects.

19

LEARNING ON LOCATION Studying international business doesn’t end at the classroom door. Learning can—and should—happen anywhere, and that’s why we take international study a step further with immersive study abroad programs.

We want to offer our students as much flexibility in international study opportunities as possible, so we’ve developed more than 80 partnerships with the top business schools in more than 35 countries—more than any other business school in the United States.

Academics

21

GLOBAL CLASSROOM These faculty-led courses expose students to new ideas, topics and cultures in an abbreviated amount of time. Students can participate in a wide range of courses, such as Business in Latin America, Marketing in Italy, Competitive Strategies in South Africa, or Economic Development and Transition in Vietnam.

CLASSIC STUDY ABROAD We require all students in the Classic International Business program to spend at least one semester studying at one of our elite partner universities across the globe. These partnerships have been arranged to further our students’ study of international business, functional specializations and foreign languages. Graduate students in programs like our Master in International Business (MIB) program can also study abroad or earn a dual degree from both IB@Moore and one of our partner universities.

Academics

COHORT PROGRAMS Our most innovative and advanced international programs are the “IB Cohort” programs. In these selective programs, students spend at least a year abroad engaged in innovatively designed coursework with fellow students from our global partners.

OXFORD SCHOLARS PROGRAM Through our competitive Oxford Scholars program, IB@Moore students have the opportunity to live alongside fellow undergraduates at Oxford’s Lady Margaret Hall College and spend a fifth year pursuing a chosen course of study in one of the most revered academic environments in the world.

23

COHORT PROGRAMS In addition to our other international experience offerings, IB@Moore students can choose to apply for our highly competitive and one-of-a-kind Cohort programs.

Our Cohort programs are designed in close collaboration with our exceptional global partners. Each partner selects 10-20 students who, after time on their home campus, form a cohort that then studies together for a two-year period alternating between countries. Students attend cohort-specific courses, as well as participate together in experiential activities and hands-on projects. Our Cohort programs are a lifelong, relationship-building experience establishing international expertise—unlike any other undergraduate program in the world.

We currently offer five Cohort programs, including: •

International Business of the Americas (University of Chile-FEN)

•

International Business and Chinese Enterprise (Chinese University of Hong Kong, National Taiwan Normal University)

•

International Business Education Alliance (ESSEC Business School in Singapore, Escola Brasileira de Administração Pública e de Empresas in Brazil and the University of Mannheim in Germany)

•

International Business in the Middle East and North Africa (American University in Cairo, ESCA School of Management, Morocco)

•

Responsible International Leadership (ESSEC Business School in France)

Academics

When they graduate, Cohort students discover that they’re uniquely qualified to contribute to the field of international business—and employers take notice. Students graduating out of the Cohort program have exceedingly high job placement rates and lead lives of professional success in international business.

25

COURSE + PROGRAM HIGHLIGHTS Course Examples CORE

ELECTIVES

•

Comparative corporate

•

Comparative innovation systems

governance

•

Market development strategy

•

Global business management

•

Risk management and security

•

Nation states, regional networks

•

strategy

and global markets

•

Intellectual property protection

International business

•

International entrepreneurship

negotiations

•

Data analytics for international business

Academics

•

Global stakeholder management

•

Design thinking in IB

IB@MOORE STUDENTS ARE Driven. Culturally Aware. Agile. Collaborative. Exceptional.

IB@Moore students aren’t your typical mix. Representing over 30 states and 35 countries and a broad range of lived experiences, our students have formed a collaborative environment and shared global perspective that enhances their classroom learning.

No two IB@Moore students are the same, yet all share qualities that set them apart from the average business student at other institutions. Our students don’t learn the answers to problems; they learn how to creatively solve problems. We provide them with the context necessary to understand international business, but we also give them the tools to think critically, because the field is constantly evolving, and only those who can evolve with it will thrive.

When it comes to global business, IB@Moore students see the whole picture, from all angles, at all times.

The Moore School connected me to the right people and helped me find the perfect role post-graduation. Classes such as Mergers & Acquisition, Intellectual Property Management or Corporate Valuation not only gave me the tools I need for my job but also showed me potential new avenues for my future professional development.

- Robin Thomas, MIB Class of 2023 27

FACULTY IB@Moore faculty are unparalleled in their expertise, research productivity and multidisciplinary approach to teaching international business.

They challenge assumptions and develop new research agendas and pathways to address every problem, creating a rigorous academic community that works together to move the study of international business forward.

We bring together faculty from across academic disciplines and backgrounds to transcend traditional domains and advance new understanding in the field.

Our faculty’s impact can be felt in every corner of the global marketplace— across six continents, dozens of languages and cultures and countless firms, governments and NGOs.

Academics

Q& A FACULTY

Tatiana Kostova Ph.D., Professor of International Business AIB Fellow & 2023 AOM Eminent Scholar Award recipient

Can you describe IB@Moore in three words?

Relevant + Innovative + Thought leader

What sets IB@Moore apart from its peers?

We are a very multidisciplinary department with faculty coming from different areas of expertise—management, strategy, organization theory, psychology, sociology, political science, economics, political economy, finance, marketing and more.

Why study international business?

Because this is what most business is nowadays and will be in the foreseeable future. It is extremely complex and requires more sophisticated knowledge and skills. The industry leaders of the future cannot rely only on their intuition and sporadic experiences but need to be professionally trained to succeed in the global marketplace.

29

AREAS OF FACULTY RESEARCH

Digital Platfo

International Entrepreneurship D

COMPARATIVE INNOVATION SYSTEMS Transnati

National Institutions Latin America Global Clim

Cybersecurity BUSINESS-GOVERNMENT

Agency Theory Meta-analytic Research Methods

Ethics

China

COMPARATIVE CORPORATE GOVERNANC Organization Theor Africa CORPORATE SUSTAINABILIT GLOBAL VALUE CHAINS Business and Society Ri Innovation Clusters Ethics & Corruption NON-MAR CORPORATE STRATEGY Entrepreneursh Public-Private Partnersh MACRO-ORGANIZATIONAL BEHAVI

Sustainable Agriculture Macro-Or

INTERNATIONAL RISK AND UNCERTAINTY Critical Inf Family Business INTERNATION Academics

orms

DE-GLOBALIZATION

ional Regulation

mate Risk

T RELATIONS

s Privatization East Asia

CE ry TY European Union isk and Resilience RKET STRATEGY

hip

hips EMERGING MARKETS IOR Rule of Law

rganizational Behavior

No. 1 Worldwide for faculty research productivity in international business for 30+ years

frastructure

NAL MANAGEMENT Eastern Europe

31

FOLKS CENTER FOR INTERNATIONAL BUSINESS Established in 2015, the Folks Center for International Business is the driving force in a thriving network of multinational companies, government agencies, international organizations and academic institutions. Guided by a global advisory board, these invaluable partnerships create learning and leadership opportunities for students and faculty alike. In collaboration with these global partners, the Folks Center fosters industry innovation and develops solutions to major global issues impacting strategy, risk, innovation and leadership development.

Academics

CIBER The Darla Moore School of Business has been

for developing the international expertise of

home to a Center for International Business

business executives, students and faculty at

Education and Research (CIBER) since 1989.

all levels. This includes supporting business language instruction, international experiential

CIBER centers serve as a national resource

opportunities, study abroad programs and

for developing programmatic initiatives that

faculty development programs in international

enhance the global competitiveness of U.S.

business.

firms and provide support for leading research addressing contemporary international

There are currently 16 CIBER centers in

business managerial issues.

the nation, which are established by a Title VI grant program administered by the U.S.

We partner with the Folks Center—as well as

Department of Education. Our current four-

other leading international organizations—

year grant, awarded in 2022, is $1.44 million.

to design and offer exceptional programs

The Folks Center provides access to exceptional programs such as: •

Folks Center Pathways—conversations with business and policy leaders across the world.

•

Folks Center Forums—dialogue about leading international issues with far-reaching implications.

•

Sonoco Visiting Fellows Program—a program that connects scholars, practitioners, and leaders who work collaboratively to understand current issues in international business.

33

EXPERIENCE

Experience

IB@Moore transforms learning into lived experience, because we believe that to truly understand international business, you must see it for yourself.

Our mission to prepare the next generation to lead in the global marketplace is guided by the diversity of lived experiences within our community of students, faculty and corporate partners. Opportunities for experiential learning extend well beyond the classroom doors, forging a comprehensive understanding of international business that remains with our students and alumni for the rest of their lives.

35

INTERNATIONAL EXPERIENCE A well-rounded education in international business must challenge and transform a student's global understanding. That's why we take international study a step further with immersive study abroad programs that challenge and transform our students' global mindset.

Our network enables us to offer an exceptional range of experiential opportunities across the world, including language immersion programs, international internships, study abroad semesters, short-term international field trips, international service projects, corporate consulting projects, and consulting opportunities with NGOs such as the World Bank.

I came from India, studied business in South Carolina and implemented my learnings in Paris, France, where I did my internship. That helped me build adaptability, which cannot be built by being locked up in one place and not being exposed to different ways of doing things.

- Abhinav Syal, IMBA Class of 2017 Experience

37

CAMPUS INVOLVEMENT Several on-campus organizations provide opportunities for students to form connections that challenge them and enrich their IB@Moore experience:

•

Alpha Kappa Psi, international

•

American Marketing Association

business fraternity

•

Applied Analytics Club

Collegiate Distributive Education Clubs

•

Black Business Student Association

of America (DECA)

•

Entrepreneurship Club

•

IMBA Student Association

•

Graduate Women in Business

•

Gamecock Consulting Club

•

Folks Center Pathways Program The Folks Center for International Business hosts Pathways, a series of conversations with distinguished alumni, professors, experts and executives about their professional journeys in the field of global business.

Experience

39

IB@MOORE MENTORSHIP PROGRAM We take great pride in our Moore School Mentor Program. As former students themselves or friends of the program, our mentors know firsthand what opportunities—and challenges—await our students in the field of international business. To help guide them to successful futures, our mentors develop one-on-one relationships with their mentees that last well beyond graduation. Mentors guide students’ professional development by providing them with critical feedback and advice on their career path, setting them up for immediate success post-graduation and into their careers beyond. Our mentors also serve as some of our greatest ambassadors, representing IB@Moore with distinction in domestic and international arenas.

Our program currently includes over 50 highly qualified professionals mentoring current International Business students and recent graduates.

Throughout my working career I had many opportunities to experience mentorship both as a mentee and mentor…but this is the first time I heard about a program that matches students with alumni to maximize students’ success chances in job search post graduation.

- Ioana Tudor, Global Head of Marketing, Syngenta and IB@Moore mentor, IMBA Class of 1997

Experience

INTERNSHIPS Our students graduate as highly-trained and knowledgeable practitioners of global to international business, thanks to our top-notch faculty and curriculum.

But academia is not the only preparation for the working world.

We connect our students, both undergraduate and graduate, with competitive internships at leading corporations across the world such as Accenture, Dell, Honeywell, Nissan and others so they are ready to excel on their first day at any company, in any part of the world.

41

LEGACY

Legacy

Nine years before the birth of the internet… …a few faculty members at the University of South Carolina came together to make their shared vision a reality. In a turbulent global moment marked by geopolitical conflict, commodity shortages and the growing shadow of the Cold War, they recognized the need to expand their lens beyond the functional programs standard in a business school.

So they got to work.

43

OUR FOUNDING In 1974, this visionary group of USC faculty founded one of the first international business programs in the nation. Led by Randy Folks, Ph.D.—who went on to become the first chair and founding member of the International Business Department—they began shaping the inaugural program that led to the formation of five exceptional programs, two of which are now ranked No.1 in the nation.

Together, they built the foundation for IB@Moore—now a thriving global legacy recognized by stakeholders across the world as among the best in international business.

Legacy

45

IB@MOORE THROUGH THE YEARS 1989

1998

2000

The MIBS program

The College of Business

The Sonoco Visiting

achieves the

Administration is

Professorship in

prestigious No. 1

renamed the Darla

International Business

The Master of

ranking by U.S. News

Moore School of

is established with a

International Business

& World Report. It has

Business, honoring Darla

$1 million endowment

Studies (MIBS) program

remained a top three

Moore’s philanthropic

provided by the Sonoco

is established.

program ever since.

contributions.

Products Company.

1974

1974 1976

1990

1998

Randy Folks founds the

The Center for

The Moore School’s

International Business

International Business

undergraduate international

Department in the

Education and Research

business program earns

College of Business

(CIBER) is established as

the No. 1 ranking from U.S.

Administration.

a national resource for

News & World Report, a

enhancing international

distinction it maintains to

business education and

this day.

training.

Legacy

2005 In recognition of a $3 million endowment

2015

gift from the Sonoco Products Company,

The Folks Center for

the International

2009

Business Department

The first pre-experience

is established, serving

is renamed the Sonoco

Master of International

as a hub for research,

International Business

Business (MIB) degree

collaboration and

Department.

in the U.S. is launched.

innovation in the field.

International Business

2023 2002

2009

2014

2023

The MIBS program

The flagship cohort

A new Moore School

The MIB program is

transitions to the

program in the

building is unveiled,

ranked top US program

International Master of

International Business

providing state-of-

by Financial Times.

Business Administration

major is created in

the-art facilities for

(IMBA) program,

collaboration with

students and faculty.

aiming to enhance its

exceptional international

competitiveness among

Asian business

other MBA programs.

partners, leading to the development of additional Cohort programs across the world.

47

RANDY FOLKS When Randy Folks first had the idea to establish an international business program, he didn’t know exactly what shape it would take or what the future would hold. He simply knew that in order for the next generation of American business leaders to succeed in an increasingly interdependent, complex world, they would need to follow a new playbook for business education. So he began to write it, along with a few other dedicated faculty members.

Randy was responsible for the transformative foundation, growth and development of the globally recognized International Business Department.

He also shaped IB@Moore’s philosophy that studying international business opens a gateway of success in an ever-changing global economy—a philosophy that guides us still today.

There aren’t many roles that Randy hasn’t held throughout his career.

Founding chair of the International Business Department at USC. Director of the Center for International Business Education and Research. International Business Educator of the Year. Recipient of the International John Otis Lifetime Achievement Award. Honorary chair of the Global Advisory Board of the Folks Center for International Business.

In 2014, Randy retired from the University of South Carolina, leaving behind an enduring legacy of groundbreaking innovation and excellence in international business education. But perhaps his greatest accomplishment is the impact of countless IB@Moore alumni shaping the future of international business.

Legacy

To be effective in international business, you need to have the ability to understand a specific culture, to analyze and understand how it interacts with business.

- Dr. Randy Folks

49

Kendall Roth is distinguished professor emeritus and the current executive director of the Center for International Business Education and Research.

Legacy

Q&A WITH KENDALL ROTH How did your career in international business begin?

It began with the experiential. I spent my junior summer in college backpacking through Europe with 3 college buddies, opening my eyes to the world from my small-town rural beginning.

IB@Moore provides an approach to international business founded on multidisciplinary and comparative systems unlike no other business school in the world.

Why study international business?

My interest solidified professionally during my

There is no industry and no company not

first job in management consulting, in which I

impacted by global competitive dynamics and

worked on projects in the oil and gas industry—a

sociopolitical uncertainties.

highly global industry in market structure and competitive dynamics.

What sets IB@Moore apart from other international business programs?

What do you predict will be the driving forces in international business for the next 50 years?

While I predict the continued existence of

Two words: multidisciplinary and comparative.

the nation state, I anticipate that the driving

You cannot understand international business

international business forces will shift to multiple

from a single functional business view…and you

technological-based and sociopolitical affinity

cannot understand international business without

units that are not constrained by the traditional

recognizing the diverse socioeconomic and

state boundaries—and that these forces will be

political context within which it is embedded.

increasingly unstable and unpredictable.

IB@Moore’s legacy lives on today in its distinguished students, faculty and alumni.

37 51

GLOBAL COMMUNITY

Global Community

The heart of IB@Moore can be found in our collaborative community connected across backgrounds, time zones and experience.

We are a community of students, faculty, alumni, corporate leaders, executives, organizations and universities who partner together to bridge global complexities and advance progress on a global stage.

We are a community of solution-focused thinkers.

Pathfinders. Executives. Innovators. Leaders.

WE ARE IB@MOORE.

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ALUMNI Our students don’t just graduate into their jobs. They graduate into a global network of alumni who are leading in every corner of the globe—a community of innovators and trailblazers formed by the first class of MIBS graduates nearly 50 years ago.

You can find our graduates at Google, Amazon, Apple, HSBC, Goldman Sachs, McKinsey, PwC and other multinational corporations. Equipped with an International Business education from the Moore School, our over 7,000 graduates apply their insights and skills every day to better their businesses, communities and world.

They are CEOs, managing directors, consultants, professors, news correspondents—and so much more.

They are the living legacy of IB@Moore.

7,209

50

International business alumni

The number of states represented

Global Community

55

IB@Moore alumnus

Daniel Peach IB@Moore alumnus Daniel Peach always wanted an international career, so for him the top-rated international business program in the United States was an easy choice. “I studied abroad in several countries during my time at South Carolina, but my favorite experience by far was a short course called Business in Europe,” he said. “An energetic group of MBAs and PMBAs traveled to Istanbul, Vienna, and Prague, meeting with local and international companies and touring amazing local cultural sites. I am still friends with many of the students from the trip and now I get to see our professor, Dr. Kostova, every year when she visits London with Moore School MBAs.” When asked about the most valuable lesson he learned from his time at the Moore School, Daniel’s answer came easily: networking.

Between Delta Sigma Pi, case study competitions, and plenty of professional events, I learned how to form and sustain meaningful connections.

Global Community

SONOCO PARTNERSHIP We’re honored to collaborate with Sonoco, a global packaging solutions leader committed to sustainable business practices and proud corporate partner of the Sonoco International Business Department.

Through this key partnership, IB@Moore gains unique insights into the current global marketplace, while providing Sonoco with access to a population of experienced students, alumni, faculty and experts.

“Sonoco is founded on the principle that people build businesses. Partnering with the University of South Carolina’s International Business School, we are excited to invest in the next generation of business leaders. We want to help students grow in their cross-cultural awareness and appreciation of values and languages found around the world, preparing graduates to work in multinational corporations like Sonoco.”

— Laura Buen Abad, Senior Director, Sonoco

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LOOKING FORWARD

Future of IB@Moore

In the 50 years since we first opened our doors, the international business environment has grown more chaotic and complex, and those trends show no signs of slowing.

Geopolitical risk sends stocks plummeting at a moment’s notice.

Supply chains contract and expand based on events occurring halfway around the world. Governments shift from regulating markets to creating them. Technological advances alter consumer demands and reconfigure markets.

Navigating this sea of complexity is no easy task, yet IB@Moore has long been training leaders to steer through the storms. As one of the preeminent international business schools, we stand ready to prepare the next generation of leaders to succeed in the everchanging global marketplace.

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Future of IB@Moore

As global economies become increasingly interdependent, the study of business has become the study of international business. No institution has done more to prepare students for this changing world than the International Business programs here at the Moore School.

A leader from day one, our faculty, students, and alumni have defined the field and set the bar—and I know the best is yet to come.

- Rohit Verma Dean, Darla Moore School of Business

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NOTES

62

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