Postgraduate Course: Developing Knowledge-based International Businesses in Emerging Economies (CMSE11111)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||Familiarise students with the most salient facts concerning the role of emerging markets in the 21st century global economy and to provide them with crucial insights into the way firms in these countries can learn to upgrade their capabilities to survive and grow in the modern economy. Students should acquire a background of knowledge on the processes by which firms in emerging markets enhance their technological and innovation capacity; this knowledge should be sufficient to allow them to intelligently follow, and take part in, discussions on these issues, and to think creatively about how to apply the knowledge gained in real-life practice.
The course will focus primarily on the relationships between Multi-National Corporations and domestic firms in emerging markets. In it, we will look at the strategies of both types of firms and how those strategies shape both collaboration and competition. We will examine technology transfer and the development of innovation capacity, to see how domestic players in emerging markets learn from their relationships with MNCs, gradually enhancing their ability to become independent players in the Global Knowledge-Based Economy. We will analyse the dynamics of these relationships, which can involve both co-operation (during which the emerging market firms learn first how to imitate) and competition (as they learn how to innovate and begin to do more of the things that the MNC partners have reserved for themselves in the past). We will consider successful examples of knowledge-based economy development from the Pacific Rim and then look at the lessons for China, India and the transition economies of Central and Eastern Europe.
-The global Knowledge-Based Economy: The international and macro context
-Multinational Corporations in the global Knowledge-Based Economy
-The national context: National Innovation Systems and national comparative advantage
-Firms: knowledge and capabilities
-Learning by collaboration and competition
-How Central and East European post-communist countries, China and India are slowly entering the global knowledge-based economy
-Upgrading services in emerging markets
-Frugal innovation and 'imovation': Is the future of innovation in emerging markets?
Student Learning Experience:
In addition to the lectures, students will work in groups to prepare reports in which, using analytical tools derived from the course readings and other relevant material which they may find in the course of their research, they prepare a strategy for the enhancement of the competitive capabilities of a firm in an emerging market.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2019/20, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Lecture Hours 18,
Seminar/Tutorial Hours 8,
Formative Assessment Hours 1,
Programme Level Learning and Teaching Hours 3,
Directed Learning and Independent Learning Hours
|Additional Information (Learning and Teaching)
60hrs in advance of lecture/tutorial, 32hrs research/groupwork, 12hrs group report, 16hrs essay
|Assessment (Further Info)
|Additional Information (Assessment)
||Assessment will be based on three components:
1. One individual essay, worth 50% (Learning Outcomes 1-4)
2. One group report, worth 50% (Learning Outcomes 1-4)
The group report grade is moderated by +/- 25% through peer review
||Feedback on formative assessed work will be provided within 15 working days of submission, or in time to be of use in subsequent assessments within the course, whichever is sooner. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Students will gain feedback on their understanding of the material when they discuss their answers to the tutorial questions in the tutorials. Students may also ask questions in Lectures to assess their knowledge.
Oral feedback during tutorials
Written feedback on group reports
Oral and written feedback on group presentations
|No Exam Information
On completion of this course, the student will be able to:
- Explain and critically evaluate the key concepts and approaches used in the analysis of capability upgrading and innovation processes in emerging markets,
- Apply the concepts to the analysis of choices facing real-life firms (whether they be domestically owned or MNC subsidiaries) and policy-makers operating in emerging markets.
- Find and analyse relevant literature on an issue related to technology and innovation in emerging markets
- Organise a coherent critical argument concerning that issue, amply supported with evidence from the relevant literature
|Linsu Kim and Richard R. Nelson (eds.), Technology, Learning, and Innovation: Experiences of Newly Industrializing Economies, Cambridge University Press, 2000|
|Graduate Attributes and Skills
After completing this course, students should be able to:
-find and analyse relevant literature on an issue related to technology and innovation in emerging markets, and
-organise a coherent argument concerning that issue, amply supported with evidence from the relevant literature.
Subject Specific Skills:
After completing this course, students should be able to:
-carry out research on a topic and prepare an essay presenting the results of that research;
-make arguments on the issues dealt with in this course.
|Course organiser||Dr Richard Woodward
Tel: (0131 6)50 8345
|Course secretary||Miss Fionna Ogilvie
Tel: (0131 6)51 3028