International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations. Usually, private companies undertake such transactions for profit; governments undertake them for profit and for political reasons. It refers to all those business activities which involves cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources include capital, skills, people etc. for international production of physical goods and services such as finance, banking, insurance, construction etc.
Areas of study within this topic include differences in legal systems, political systems, economic policy, language, accounting standards, labor standards, living standards, environmental standards, local culture, corporate culture, foreign exchange market, tariffs, import and export regulations, trade agreements, climate, education and many more topics. Each of these factors requires significant changes in how individual business units operate from one country to the next.
The conduct of international operations depends on companies’ objectives and the means with which they carry them out. The operations affect and are affected by the physical and societal factors and the competitive environment.
Studying international business in UK is beneficial because:
- Most companies are either international or compete with international companies and look out mostly for
- Modes of operation may differ from those used domestically.
- The best way of conducting business may differ by country.
- An understanding helps you make better career decisions.
- An understanding developed by the world-class trainers therein helps you decide what governmental policies to support.
Top UK Universities offering courses in International Business are-
- Brunel University, West London
- University of Bath
- City University, London
- University of Leeds
- University of Reading
- University of Greenwich, London
- University of Westminster
- Sheffield Hallam University
- University of Sheffield
- Kingston University, London
- Robert Gordon University
- University of Strathclyde
- University of Manchester