International Business Plan

Module description

The International Business Plan Experience is designed as a cap-stone course that will help you to integrate the knowledge that you have gained over the course of terms one and two and apply that knowledge towards a Business Plan model. Building from the foundational and applied knowledge that you have developed over terms one and two from the disciplines of Marketing, Finance, Accounting, Management, Leadership, Economics, and International Business, you will be offered the opportunity to write an individual business plan. This project will use an applied, data-driven approach to understanding an international business issue. This practice-based approach will help to equip you with the skills research consultants and brand managers use in developing international business strategy.

Full module specification

Module title:International Business Plan
Module code:BEMM384
Module level:M
Academic year:2019/0
Module lecturers:
  • Dr Alex Thompson - Convenor
Module credit:30
ECTS value:

15

Pre-requisites:

None

Co-requisites:

None

Duration of module: Duration (weeks) - term 3:

1 (in week 6 or 7)

Module aims

This module will take a case study approach to understanding the challenges organisations face when competing in global environments. You will take the case study data provided, or in some cases data that you have collected, to develop your own individual business plan. The core aim of the module is to simulate the challenges organisations face when competing in international environments. The aim is not just to understand the problems organisations face, but to action these challenges into clear strategy recommendations that form the substance of a consultancy business plan. Students will be provided with organisational data as well as challenged to collect data to gain a better understanding of how to develop an International Business Strategy.

Some of the core elements that you will be tasked with conducting include:

  • A situational analysis
  • An environmental scan
  • A competitive analysis
  • A market size, segment and trend analysis
  • Strategic Recommendations

The course is designed around one week of intensive immersion with the module coordinator. These skills based workshops will provide you with the situational problem, data and/ or where the data can be collected, business plan report structure, and a step-by-step guide on how to complete each element associated with your business plan. This course will provide you with a tangible employability skill set, in the form of business plan analysis and writing, which you can take into the workplace. The final report can help you build your employability portfolio by providing future employers of evidence based work developed within your degree programme.

ILO: Module-specific skills

  • 1. critically analyse, discuss and apply theories relevant to international business and present managerial recommendations.
  • 2. develop your own ideas and strategy recommendations and incorporate them into an individualised business plan.
  • 3. critically evaluate and enhance specific business competence in core and optional areas of study.
  • 4. understand the relationship between globalisation, international business and cross-cultural contexts.

ILO: Discipline-specific skills

  • 5. critique a business problem, evaluate data and provide strategic recommendations.
  • 6. relate theories to specific case studies, research data and literature bases, and incorporate them into a structured business plan.
  • 7. critically analyse a business problem using both practitioner and academic material.

ILO: Personal and key skills

  • 8. assess business practice and research as it relates to the internationalisation strategies of firms.
  • 9. demonstrate time-management skills, self-reflection, initiative, and self-discipline in the context of analysing and writing a significant piece of business research.
  • 10. write about business practice and prepare critiques of those practices and approaches in a manner that is clear, concise and logical.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
152850

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours15Workshops
Guided Independent Study285

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Discussion Q&A30 minutes per seminar1-9Verbal

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
One individual Business Plan10010,000 words 1-10Written feedback

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
One Individual Business PlanResubmission of the Individual Business Plan 10,000 words 1-10Re-submit in November

Syllabus plan

Five 3-hour seminars in term 3. These seminars will be skills based training workshops that provide the foundations for Business Plan writing. Topics will include:

  • Introduction to Business Plan Writing;
  • Case Study Analysis;
  • Consultancy Skills and Strategic Recommendations;
  • Situational Analysis;
  • Environmental Scanning;
  • Market Segmentation, Targeting and Positioning;
  • Report Structure and Content;
  • Data Collection and Analysis;
  • Strategic Analysis and Data Representation.

Indicative learning resources - Basic reading

Core Reading:

Wilkin, C. (2015). FT Essential Guide to Writing a Business Plan: How to Win Backing to Start Up or Grow Your Business, Vaughan Evans. Teaching Business & Economics, 17(1), 26.

Indicative Reading (non-exhaustive):Casadesus-Masanell, R., & Ricart, J. E. (2011). How to design a winning business model. Harvard business review, 89(1/2), 100-107.

Hormozi, A. M., Sutton, G. S., McMinn, R. D., & Lucio, W. (2002). Business plans for new or small businesses: paving the path to success. Management Decision, 40(8), 755-763.

Lasher, W. (2010). The Perfect Business Plan Made Simple: The best guide to writing a plan that will secure financial backing for your business. Broadway Books.

Mullins, J. (2012). The new business road test: What entrepreneurs and executives should do before writing a business plan. Pearson UK.

Sahlman, W. A. (1997). How to write a great business plan. Harvard business review, 75(4), 98-109

Module has an active ELE page?

Yes

Origin date

28/03/2019

Last revision date

16/04/2019