Course Study Guide
International Business Management
1. Welcome 3
2. Introduction to the Course 4
2.1 Aims 4
2.2 Learning Outcomes 4
2.2.1 Knowledge and understanding of: 4
2.2.2 Intellectual Skills: 4
2.2.3 Subject practical skills: 5
2.2.4 Transferable skills: 5
2.3 Learning and teaching activities 5
3. Contact Details 5
4. Course Content 6
4.1 Session Reading 20
5. Assessment Details 21
5.1 Summary of assessment 21
5.2 Detailed description of assessment 21
6. Other Details 23
Welcome to the exciting world of International Business Management!
In lectures, you will be encouraged to join in lively conversations. Like the old adage has it: “the more you put into it, the more you will get out of it!”
Dr Michael Wynn-Williams
2. Introduction to the Course
This course has been designed to draw on many of the business techniques you have learned elsewhere and apply them in a variety of international contexts. You will learn how to handle the complexities of international business and develop appropriate strategies.
We will start by looking at the opportunities for business offered by the international economic environment. We will then evaluate the risks of entering the international arena, using theories that have been developed to help formulate corporate internationalisation strategies. We will explore the the structures that firms may opt for as they expand into unfamiliar territories.
At the end of this course you will have gained an international perspective on the challenges facing business managers. You will then be equipped to take your place alongside them.
To give students a clear insight into the major external environmental factors governing international business management. To provide an understanding of various management functions in an international context at both a conceptual and a practical level.
2 Learning Outcomes
2.2.1 Knowledge and understanding of:
• The rationale for 'going international'.
• Measuring and managing environmental risk.
• The rise of Foreign Direct Investment (FDI) – horizontal and vertical FDI, managing host regulation of FDI.
• Managing strategic dilemmas.
• Relationship between modes of entry, environment and strategy.
• Managing international strategic alliances.
• Organisational structure and culture.
• Control systems and incentives in an international context.
• National and international accounting standards and the consequences of differing standards.
• Investment decisions and financing decisions.
• Techniques for global money management, managing foreign exchange risk.
• Human resource considerations in internationally-oriented companies.
• Managing international operations
2.2.2 Intellectual Skills:
• Breadth of Outlook: Students will be able to address management issues from an international perspective. Students will develop self-awareness, openness and sensitivity to cultural diversity in dealing with international business issues and people from different cultural backgrounds.
• Wisdom: Ability to present well balanced arguments in the context of management and international business theories. Appreciation of the impact of ambiguity on managerial decisions.
• Personal Effectiveness: Effective self-management in terms of time, planning, motivation, individual initiative and enter-prise. Effective performance...