Postgraduate Course: Doing International Business Projects with Emerging Markets 1 (CMSE11344)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Not available to visiting students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | This course will give you the understanding of the challenges faced by firms intending to work internationally, and the ways in which they can address them. It employs theory and research evidence on internationalization process, which draws from economics and organizational theories. You will employ this, however, in a very practical way, by working with a growing business that is based in an emerging economy: you will help it to identify and then find ways to enter and to grow in a new international territory. |
| Course description |
For most firms, most of the time, international business, especially in emerging markets, is a really bad idea. It is an activity that is likely to lead to the complete demise of the business. For many firms, it has been highly successful, but these are the only ones we hear and read about. While it can be done, international business is fraught with great risks and presents the scope for major mistakes, which firms make time after time.
On this course you will learn, experience and understand those risks, learn how they are best overcome, and advise a real firm from Emerging Markets how it can expand internationally. Having developed and presented coherent and viable international strategies for a firm based in a dynamic and vibrant Emerging Economy, you will be in a good position (in a separate, but well-connected core course in Semester 2) to advise a British firm about its international strategies for emerging markets.
By the end of the course, you will be aware of important concepts and theoretical frameworks that are relevant for managers and firms seeking to develop an international business. You will, however, be able to do much more. Having been challenged to apply these concepts to help real firms, you will have a real and deep understanding of how you can apply these theoretical ideas in practice.
Participants will be able to address, through studying a range of companies operating in international contexts, questions such as:
What motivations to do business internationally are valid?
-Which strategies can be adopted for growing internationally
-How might a firm develop its presence geographically over time?
-What new resources will be needed for growing internationally?
-Which territories are best to consider for first international expansion?
-What reorganization might be needed to operate internationally?
-How should the management approach change for international growth?
|
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
|
Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand the main liabilities of foreignness facing a business that wishes to grow into a foreign territory
- Make judgements about the extent of knowledge acquisition that is required to enter a specific foreign territory, and the alternative ways in which that knowledge can be gained.
- Appreciate the role of business relationships in the internationalization process, and understand how businesses can develop and use this important resource
- Explain and critically discuss alternative organizational approaches of entering international markets, and of managing and organizing the business as it develops internationally.
- Tailor the knowledge on all the areas noted above to be able to present and argue with a management team how they might develop their firm internationally and prepare a professional report that is of Master level standard to the management team as to how their business should develop internationally.
|
Reading List
Cavusgil, S. Tamer, Knight, Gary and Riesenberger, John (2016) International Business: The New Realities, 4th Edition. Pearson [ISBN -10: 1292152834 ISBN-13: 978-1292152837].
Frynas, Jedrzej George and Mellahi, Kamel (2014) Global Strategic Management, 3rd Edition. Oxford University Press. [ISBN-10: 0198706596 ISBN-13: 978-0198706595] |
Additional Information
| Graduate Attributes and Skills |
On completion, students should have demonstrated ability to:
Cognitive and practice skills
-Evaluate practical international management problems and develop viable solutions.
-Know how to source and collect material relevant to a senior level decision
-Manage and analyse relevant information about firms and their contexts and ambitions in a clear, sound and explicit way.
-Apply models of international business management to challenging and complex circumstances
-Work in multicultural teams of the type normally involved in making international strategies.
-Communicate analyses and conclusions clearly and persuasively for an international client strategy at a senior level |
| Keywords | DBP1 |
Contacts
| Course organiser | Dr Corentin Curchod
Tel:
Email: Corentin.Curchod@ed.ac.uk |
Course secretary | Miss Fionna Ogilvie
Tel: (0131 6)51 3028
Email: Fionna.Ogilvie@ed.ac.uk |
|
|
University Homepage