Principles of International Business
Business is international in scope as managers take advantage of the comparative advantages countries around the world offer through complex and geographic dispersed value chains, not only to sell products but also to access inputs, knowledge and skills. This module provides the theoretical foundations of international business and its practical applications in explaining the dynamics and constraints of firms’ international strategies. It analyses changes in the international economic environment as a result of globalization as well as the increased interdependence between countries and firms in terms of flows of goods, services, finances and people. The module considers also political, economic and institutional differences around the world and the strategies companies adopt when conducting business across national boundaries. While many practical examples are provided, focus is given to developing an analytical approach to addressing these questions, drawing on several theoretical perspectives.
This module focuses on how companies conduct business across borders and explores various economic systems, cultural differences in different economies, and discusses issues from around the world to give students a global awareness. Mini-case studies and discussion of selected cases further expose students to conducting business in an international and multicultural context by drawing upon real-world scenarios across different countries and cultural boundaries.
International experts/practitioners on topics relevant to the module will be invited to deliver in-module contributions.
As part of the University’s commitment to PRME (Principles for Responsible Management Education - http://www.unprme.org/about-prme/the-six-principles.php), examples are disseminated throughout the module that illustrate both the impact of business activity on the environment, and how some companies are addressing sustainability concerns through their products and processes.
In this module students gain an understanding of what it means to internationalise a business, and through the assignments students acquire research, critical thinking, analysis and report writing skills. It provides the opportunity to develop discursive, analytical, and judgement skills, and a cosmopolitan perspective.
Full module specification
|Module title:||Principles of International Business|
NON REQUISITE BEMM116A
|Duration of module:||
Duration (weeks) - term 1: |
The aim of this module is to provide an understanding of the internationalisation process firms undertake while selecting and targeting opportunities overseas. The module will develop your awareness of trends in the international business environment and the opportunities and challenges internationalisation brings.
It will develop your knowledge of where, why and how to conduct international business in order to gain an understanding of what determines the success and failure of firms conducting international business. Through the assignments, the module will develop your skills in critical analysis and evaluation to enable you to make business decisions and convince others of your viewpoint.
ILO: Module-specific skills
- 1. Develop your understanding of the complex interactions between various political, economic and institutional factors that characterise the international business environment;
- 2. Evaluate specific ways in which international business differs from domestic business and develop detailed knowledge on international business issues;
- 3. Apply resource based view and institutional theory to explain why and how firms internationalise
ILO: Discipline-specific skills
- 4. Apply theoretical principles to critically analyse the current business environment
- 5. Critically evaluate relevant factors to make effective business decisions
ILO: Personal and key skills
- 6. Analyse real world business problems and develop an ability to exercise judgement
Learning activities and teaching methods (given in hours of study time)
|Scheduled Learning and Teaching Activities||Guided independent study||Placement / study abroad|
Details of learning activities and teaching methods
|Category||Hours of study time||Description|
|Scheduled Learning & Teaching Activities||22||11 x 2 hour lectures|
|Scheduled Learning & Teaching Activities||5||5 x 1 hour Seminars|
|Guided Independent Study||123||Pre and post session reading plus assignment preparation|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Online Multiple Choice Test||20 questions||1-3||Automated feedback|
|Discussion exercises within taught sessions||5 x 1 hour small group sessions||1-6||Oral Feedback|
Summative assessment (% of credit)
|Coursework||Written exams||Practical exams|
Details of summative assessment
|Form of assessment||% of credit||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Written exam||70||2 hours||1-6||Written feedback|
|Multiple choice test (taken under exam conditions)||30||30 questions (60 minutes)||1-3||Automated feedback (delivered via ELE)|
Details of re-assessment (where required by referral or deferral)
|Original form of assessment||Form of re-assessment||ILOs re-assessed||Timescale for re-assessment|
|Written Exam||Essay questions (70%)||1-6||August|
|Multiple Choice test||Multiple Choice test (30%)||1-3||August|
Students are asked to re-sit only the element that they are referred or deferred.
Introduction to International Business
Regionalisation and globalisation
Institutions in International Business
Firm Resources: Competitiveness and Growth and Competitive Dynamics
The Internationalisation process and “born global” firms
Foreign Entry Strategies
The re-emergence of Emerging Market MNEs
HR Management in MNEs
Innovation in MNEs
Global Supply Chains
The Fourth Industrial Revolution and the Future of the MNE
Indicative learning resources - Basic reading
Students are expected to own a copy of the core text:
Peng, M. and Meyer, K. (2016) International Business, London: Cengage Learning.
There are many text books on international business in the University Library which can provide additional insights and examples of international business operations.
Relevant journals include (non-exhaustive list):
Journal of International Business Studies
International Business Review
Journal of World Business
Strategic Management Journal
Management and Organization Review
Thunderbird International Review
Journal of International Management
International Management Review
International Studies of Management & Organization
International Journal of Cross-Cultural Management
Cross-Cultural & Strategic Management
Harvard Business Review
Academy of Management Journal
Academy of Management Review
Academy of Management Perspectives
Critical Perspectives on international business
In addition, papers on the international dimension of business can be found in other business and management journals.
Good analysis of contemporary events affecting international business can be found in The Economist (available online) andquality financial newspapers such as the Financial Times.
Web based and electronic resources: The module has a fully developed site on ELE where an extensive array of module materials can be found including lecture outlines, suggested reading on a per topic basis, and relevant journal articles, plus multiple choice tests for formative assessment.
Module has an active ELE page?
Indicative learning resources - Web based and electronic resources
The module has a fully developed site on ELE where an extensive array of module materials can be found including lecture outlines, suggested reading on a per topic basis, and relevant journal articles, plus multiple choice tests for formative assessment.
Last revision date