International Business Schools
In order to maximize their business potential, many companies turn to doing business internationally and building their business interests in different locations in order to capitalize on unique opportunities or to diversify their interests.
Multinational companies may or may not have local operations in the markets in which they operate and often coordinate customized actions in the "field" from one central location. However, their knowledge of local conditions and comparative advantages is key to their success in international markets.
International business can be very financially rewarding for multinational companies, but only if the myriad of differences in labor practices, language, culture, laws, and economic policies that vary from one country to the next are successfully navigated.
Those who work in international business must be adept at translating ideas across different contexts and adapting them to varying conditions. Comparative trade analysis skills or local market knowledge are also particularly valued.