Managing in a Multinational Context
The business world is becoming increasingly unpredictable, although some commentators express the view that Globalisation and the widening of WTO membership has created net benefits for many trading nations. Arguably, the role of senior management has not changed much by way of its responsibilities, but has for many been dynamically affected by the complexities of planning, resource availability, and leadership issues, because of ‘internationalisation’. PESTLE factors need to be ‘risk assessed’ for the firm’s stakeholders. A deeper understanding of the complexity of ‘International Management’ and corporate governance will be achieved through the use of our updated 2016 textbook containing ‘real world’ corporate experiences, including published case studies and of course your own research findings and knowledge.
This module looks at international case studies, textbook material and topical data to enable students to consider the strategic merits of the internationalisation/globalisation, of various organisations. There will be lectures on strategic management, the global business environment, leadership, corporate cultures, corporate communication, business ethics and control systems. There are many contextual issues and many variables to consider and the module is informed by other modules in the programme.
Previous guest speakers have included the Director of Burt’s Chips, who told the story of an entrepreneurial, Devon-based organisation’s journey to achieving multinational status. This year we have a guest speaker who is a visiting professor at Beijing University.
Students develop a number of skills valuable in employment including critical analysis, business ethics, communication, and negotiation skills.
Full module specification
|Module title:||Managing in a Multinational Context|
|Duration of module:||
Duration (weeks) - term 2: |
The aim of the module is to introduce underlying theory behind different types of management styles, structures and processes; determining best managerial practices, so as to consider the consequences of ineffective and/or irresponsible management in contemporary organisations.
Key perspectives of traditional managerial thinking will be evaluated, with critical discussion of modern management approaches, thus facilitating selection & application of the most appropriate approach to individual situations. Students will be able to consider suitable multinational management strategies and management control systems; facilitating the recognition of beneficial international opportunities, whilst managing the associated risks.
To gain further understanding of ‘real world’ experiences we will have some workshops s during some weeks and we will include a Guest Presenter from either the business, or the academic world.
ILO: Module-specific skills
- 1. describe the classical, behavioural and quantitative approaches to management of multinational firms and critically judge their application to real situations
- 2. evaluate the reality of managerial work and how this translates into individual and group roles;
- 3. compare and contrast frameworks and techniques that constitute best management practice in multinational organisations
- 4. develop cultural awareness and propose solutions for creating value in the diverse organisational populations of global organisations
ILO: Discipline-specific skills
- 5. critically evaluate and challenge fundamental management theories and frameworks from an international perspective and rationalise argument for effective management practice;
- 6. conceptually recognise the challenges and issues of managing in a global economy including: Management Responsibility, Accountability, Leadership and Probity;
- 7. devise strategies to react to changes in host country government regulations;
- 8. provide guidance of best practice in ethical behaviour and probity
ILO: Personal and key skills
- 9. prepare and organise work individually;
- 10. networking (formal and informal);
- 11. reflect on the experience of multicultural case-based work and gain insights into different cultures;
- 12. think creatively about managing information in a 'digital world'
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|
|Contact hours||22||Lectures and Workshops|
|8||Tutorial Help Classes|
|Form of assessment||Size of the assessment (eg length / duration)||ILOs assessed||Feedback method|
|Tutorial exercises||Periodic||4-8||Peer and Tutor|
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|
|Individual Report: Strategic analysis of a given international case study||50||2500 words||1, 4-12||Turnitin comment on each submission|
|Closed Book Examination. Students must choose to answer one of four questions. A question will be asked about each of ILOs 1-4.||50||2 hours||1-4||General feedback on 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|
|Closed Book Examination||Examination (2 hours)||1-4||August/ September|
|Individual Report||Individual Report (2500 words)||1, 4-12||August/ September|
- Module Introduction and the Multinational context of Business and the role of Management
- History and Evolution of Management Theory
- Background on the industry relevant to the summative case study assignment
- Legal Responsibilities of Company Directors and expectations;
- Management Decision Making under geo-political influences
- The reality of Management practices and dealing with unethical practices
- Modern Management thinkers and their influence
- Culture, organisational Environment and the impact of globalisation on diversity
- Organisational Structures and Design
- Planning, monitoring and control systems
- Performance Management and Review
- Sustainability, Technology, Enterprise and Innovation
- Strategic Management with Stakeholder Sensitivity
- Management Responsibility; Accountability, Transparency, Probity
- Leadership (roles and succession planning)
- The Future of Management- increasing regulation of businesses
Indicative learning resources - Basic reading
Core Text: Daft, R.and Benson, A. (2016) Management (ISBN 978140863859) (e-book)
- Mintzberg, H. (2009) Managing, Financial Times Prentice- Hall.
- Phatak, A.V.et al (2009) International Management, McGraw-Hill.
- Jones & George (2011), Contemporary Management, McGraw-Hill.
Module has an active ELE page?
Indicative learning resources - Web based and electronic resources
FT.com and others to be advised
Indicative learning resources - Other resources
Business Periodicals, Corporate Governance media and the International Press
Last revision date