how can be the study of international business useful fir mangers give essay
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International business deals with multinational enterprises (MNEs), their governance, strategies and management, their relationship with governments and their role in globalisation and localisation of economic activity,' explains professor Chris Pitelis, head of the international business division at Leeds University Business School.
'International business studies the most important phenomena of today, which affect our daily lives. While many businesses are involved in some sort of international activity or presence, international business deals with the particular and complex issues related to global business enterprises. International business is the subject of choice for all those who care about making globalisation good by working in business, government, the community/NGOs or who choose to run their own businesses,' adds professor Pitelis.
In a nutshell, students need to develop a global perspective in order to be successful in business. Studying international business allows you to see how globalisation has brought about an increasing 'connectedness' of businesses, markets, people and information across countries.
What's more, the skills that you develop on a course of this nature are highly sought after by employers. This demand translates into varied opportunities in a range of settings and job sectors.
What do courses involve?
The BSc International Business at the University of Leeds takes three years to complete and requires AAA at A-level for entry. Accredited by the Institute of Export & International Trade 'the course has been ranked top in the UK by the Financial Times for nine years running,' says professor Pitelis.
You'll study compulsory modules such as 'Principles of International Business', 'Global Entrepreneurship', 'Cross-Cultural Management' and 'Transnational Corporations in the World Economy'.
'Leeds offers one of the best international business courses in the world and benefits from the presence of some of the leading scholars in the subject, and research centres such as the world-famous Centre for International Business at the University of Leeds (CIBUL), founded by Professor Peter Buckley,' adds professor Pitelis.
Studying for a Masters in international business is becoming increasingly popular and courses are available at a vast number of universities across the UK.
If you opt to study the one-year MSc International Business MSc Queen Mary University of London you'll cover core topics such as 'The Global Economy', 'Multinationals and Global Business', 'International Macroeconomics and Finance' and 'Managerial Economics'. You'll need a 2:1 in any subject for entry, although degrees in accounting, mathematics, sciences, engineering, economics and finance are particularly relevant. Tuition fees for UK students cost £13,350 in the 2021/22 academic year and £25,950 for overseas students.
'The course provides students with the opportunity to engage with the issues experienced by internationally orientated organisations,' explains Dr Eun-Seok Kim, programme director of MSc International Business at Queen Mary University of London. 'Within this context, attention is paid to the comparative analyses of countries, institutions, cultures and the strategic decision-making of companies operating within this environment. The MSc consists of six compulsory modules, two elective modules, and 10,000-word dissertation.'