Postgraduate Course: Strategies for Internationalisation (CMSE11564)
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 | 10 |
ECTS Credits | 5 |
| Summary | This course provides students with an appreciation of the dynamism of international business environment and the key strategic approaches to engaging in the global market. It will draw on theoretical and empirical perspectives to understand the internationalisation process and the activities of multinational enterprises over the past fifty years. Reflecting the diversity of home and host national markets that multinational enterprises are operating, the course will provide macro-level, meso-level and firm-level analytical frameworks to explore the key issues in the international business. The course covers a wide range of materials relating to some of the general issues such as the economic integration and international trade and investment, and the development of international production network, followed by some practical topics associated with strategies and challenges of cross-border business. It will focus on both incumbent players and late-comers in the major markets though the major focus is on emerging markets such as Asia and Africa. It will also offer a novel perspective on international business theory and will encourage a critical and creative approach to it. The course will be of interest both to students considering a future career in the multinational organizations and consultation, and to students wanting a broader understanding of the implications of globalization at business level. |
| Course description |
The learning aims of this course are to:
- Appreciate the role of international trade and investment at national and firm levels, and critically assess the diversity of home and host markets that domestic and foreign firms are operating.
- Describe the development of international production network and internationalization process of firms, reflecting upon the implications for firms and the broader potential impact on national economy.
- Evaluate the key strategic considerations and operational challenges of managing multinational enterprises for both incumbent in the West and later-comers from emerging economies.
The course will cover three broad areas:
Understanding international business in the contemporary context
- Political economy of international business (trade policy, conflicts, and global governance).
- The theories of international trade and investment and the new dimensions
- The dynamism of emerging economy
Understanding international production network and competition landscape
- Evolution of international production network
- Global shift and the global value chain
- Global industry analysis
Understanding multinational enterprises
- Internationalization process of firm
- Strategy and practices
- Multinational enterprise analysis and new players
Student learning experience:
The classes provide an overview of the general issues on internationalization and strategy in international business and then explores the complexity of business practices in the more dynamic global markets. The classes are supported by suggested reading and recommended websites for further exploration of the issues discussed in class. It is also supported by an intensive use of case studies.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
Course Delivery Information
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| Academic year 2024/25, Not available to visiting students (SS1)
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Quota: None |
| Course Start |
Block 3 (Sem 2) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Seminar/Tutorial Hours 12,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
86 )
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| Assessment (Further Info) |
Written Exam
0 %,
Coursework
100 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
100% coursework (individual) - assesses all course Learning Outcomes |
| Feedback |
Feedback will be provided on the assessment within agreed deadlines. |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and discuss critically the main theories and patterns of foreign direct investment and diversity of home and host markets that foreign investors are operating.
- Explain and discuss analytically the specific features and the major changes in international business environment and draw implications for policy makers and managers.
- Evaluate internatinalisaton process and internationalization strategy from the perspective of the foreign investor.
- Analyse and evaluate the global supply chain from industry perspective and its impact on the nature of competition in international markets.
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Reading List
Mtigwe, B. (2006). Theoretical Milestones in International Business: the Journey to International Entrepreneurship Theory, Journal of International Entrepreneurship, Vol. 4, pp. 5-25.
Branko Milanovic (2016) Global Inequality: a new approach for the age of globalisation. Harvard University Press.
Rugman, A.M, Verbeke, A. and Nguyen, Q. (2011) Fifty Years of International Business Theory and Beyond, Management International Review, Vol. 51, pp. 755-786.
Gereffi, Gary (2014) Global value chains in a post-Washington Consensus world, Review of international Political Economy, 21; 1, 9-37
Dicken, P. Global Shift (6th ed) Chapter 5 Transnational corporations: the primary movers and shapers of the global economy.
Hatonen, Jussi, Eriksson, Taina (2009) 30+ years of research and practice of outsourcing - Exploring the past and anticipating the future, Journal of International Management, 15, 142-155 |
Additional Information
| Graduate Attributes and Skills |
Knowledge and Understanding
After completing this course, students should be able to:
Demonstrate a thorough knowledge and understanding of contemporary organisational disciplines; comprehend the role of business within the contemporary world; and critically evaluate and synthesise primary and secondary research and sources of evidence in order to make, and present, well informed and transparent organisation-related decisions, which have a positive global impact.
Practice: Applied Knowledge, Skills and Understanding
After completing this course, students should be able to:
Work with a variety of organisations, their stakeholders, and the communities they serve -learning from them, and aiding them to achieve responsible, sustainable and enterprising solutions to complex problems.
Communication, ICT, and Numeracy Skills
After completing this course, students should be able to:
Critically evaluate and present digital and other sources, research methods, data and information; discern their limitations, accuracy, validity, reliability and suitability; and apply responsibly in a wide variety of organisational contexts.
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| Keywords | Not entered |
Contacts
| Course organiser | Dr Ling Liu
Tel: (0131 6)51 1429
Email: Ling.Liu@ed.ac.uk |
Course secretary | Miss Mary Anne Boeff
Tel: (0131 6)50 8072
Email: MaryAnne.Boeff@ed.ac.uk |
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