Msc International Business international business

The module will explore a range of diversity related concepts and topics, such as social identity, stereotyping, discrimination, intergroup conflict, structural integration, and organisational change. This module presents an overview of what workforce diversity is and its relevance and usefulness in improving our understanding and management of people at work. The demographics of the population and the workplace are changing drastically because of a number of factors, such as an increasing number of ethnic minorities and women in the workforce and in management.

For example, free market economies allow international business activities to take place with little interference. On the opposite end of the spectrum, centrally planned economies are government-controlled. Although most countries now function as free-market economies, China—the world’s most populous country—remains a centrally planned economy. The concept of comparative advantage means that a nation has an advantage over other nations in terms of access to affordable land, resources, labor, and capital.

The vision of WBS is to be Europe’s leading University-based Business School, developing transformational ideas and people that shape how we do business. We recognise that rankings are one way to profile our progress towards fulfilling this vision, and are proud to participate in the major global business education rankings. If you are considering further academic study and you would like the opportunity to research a topic relating to international business, the dissertation enables you to test and apply the techniques and theories you have gained. This module will introduce students to the key concepts of managing people involving and examination of organisational, management and human resource management theory and practice. This will be achieved through relating relevant theory to practical people and organisational management issues. This module introduces students to the nature of research and the business consultancy processes involved in carrying out research and consultancy in an area of management, technology and enterprise.

All students must also achieve the University’s English language requirements. Where courses require achievement in GCSE Maths, we would normally look for a score of 60% or higher in grade 11 Maths. Where courses require achievement in GCSE Maths, we would normally look for a score of ‘C’ or higher ingrade 10Maths. All students must also achieve the University’sEnglish language requirements.

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The countries export surplus production of such goods to import those goods in which other countries have specialisation. It helps a country to earn foreign exchange, which can be further used to import capital goods, technology, petroleum products, etc. which are not available domestically. Homogeneity of Markets – International markets and business practices lack homogeneity due to differences in language and cultural preferences of the customers. Mobility of Factors of Production – The mobility of factors of production like labour and capital across different countries is very little.

  • You will study the modules below in a sequence dependent on your start date.
  • This degree opens up a wide range of business management careers all around the world, in international organisations or those operating international markets.
  • The high tax rates typically imposed on employed people in socialist countries also discourage people from looking for work.
  • Because cultures vary, a firm must learn a foreign country’s culture before engaging in business there.
  • External trade enables each country to obtain all types of goods and services from different foreign countries, which the country was unable to produce.

Departments that are not part of this list can still consider Diplomas for entry to undergraduate programmes. Diplomas that are not on the list will be considering on an individual basis and may require you to provide further details such as the curriculum and module transcripts to identify suitability. Although international business can benefit the global economy, it also carries inherent risks. The fact that each country has its own government, regulations, inflation rates, and currency can complicate business models and must be weighed against the perceived benefits of operating internationally.

Why Choose International Business?

Module participants explore this dynamic nature of business and consider successful existence within modern organisations through studying and applying employability skills such as leadership, teamwork, and resilience. Year 1 gives you a firm grounding in the different disciplines that relate to international business. You’ll explore the key concepts and theories in the subject and put them into context with an understanding of entrepreneurship, organisational behaviour and economics.

International Requirements

If you’re looking to specialise in international business or hope to join a global company, it’s advisable to show a clear interest in different cultures. Volunteering and even travelling abroad will help you to demonstrate this, as will an ability to speak a foreign language. Here’s a look at five well-known international businesses that have successfully—and not so successfully—navigated the global market. For most organizations, decisions around building, producing, and selling products or services are informed by many factors. Cost is an important one because businesses that primarily operate in developed markets, like the United States and Europe, can often source cheaper labor abroad.