MN6061 - Business without Frontiers (2021/22)
|Module specification||Module approved to run in 2021/22|
|Module title||Business without Frontiers|
|Module level||Honours (06)|
|Credit rating for module||15|
|School||Guildhall School of Business and Law|
|Total study hours||150|
|Running in 2021/22||
This module builds upon the critical appraisal of the current global context in which businesses move operations and resources across the world. Firstly trends about the world becoming more integrated and national borders becoming less significant are reviewed critically. Issues emerging from the growing economic interdependence worldwide – including long-term competitiveness and sustainable growth – which impact on business organisations are then examined focusing on the strategic and operational viewpoint. The assessment will consist of a consultancy simulation where students will work together on researching and presenting concrete examples of challenges faced by managers operating internationally. Research will focus on industries evolving and expanding into the world’s emerging markets. Students will be encouraged as much as it is possible to draw on knowledge and experience from their international peers to reflect on their learning experience and enhance employability.
An Overview of Emerging Markets
Differences in the Economic Environment in Emerging Markets
The Political, Legal and Cultural Framework in Emerging Markets
An Analysis of Selected Emerging Markets
Foreign Investment Opportunities and Trends in Emerging Markets and Taking Advantage of Opportunities in emerging marketsEntry Strategies for Emerging Markets
A Framework for International Business Negotiations
Assessing Risks and Opportunities in Emerging Economies LO1
Challenges to emerging market firms LO1, LO2
Managerial capabilities LO3
Balance of independent study and scheduled teaching activity
The module teaching will be delivered through a workshop combination of lectures and tutorials, where lectures will gradually be released on Weblearn. From the key principles and themes conveyed through lectures and learning materials, specific questions will emerge and learning tasks will be set.
The module teaching will be delivered through a distributive blended learning model (using BlackBoard/Weblearn Virtual Learning Environment, or VLE). You will access extensive resources embedded in the VLE, through which you will work both collaboratively and individually. The assessment is designed in such a way that you will be able to build your confidence through exercises where you will receive formative feedback before completing assignments.
2. Demonstrate ability to apply concepts, models and a range of analytical tools appropriately and strategically for managers operating in diverse environments
3. Develop competence and managerial skills needed to search, handle and interpret information relevant in the analysis of modern business organisations operating internationally
The assessment will consist of 2 parts, covering all learning outcomes:
• A group poster and cultural exhibition on the current issues and prospects of entering one of the world’s emerging markets and presenting students’ own ethnic backgroud. Peer observation of posters and written feedback is given by group. (worth 50% of the assessment)
• An individual report advising managers seeking to work in an emerging market on management practice in an international and cross-cultural context (length: 2500 words; worth 50% of the assessement)
Identify core and additional reading
Liaise with Library Services to confirm availability of on-line licenses in academic year
Where possible, the most current version of reading materials is used during the delivery of this module. Comprehensive reading lists are provided to students in their handbooks. Reading Lists will be updated annually.
Cavusgil T S (2012) 2nd edition Doing Business in Emerging Markets. Sage publications UK. (E-book)
Cavusgil, Knight, and Riesenberger (2017) International Business: The New Realities, 4th Edition, Global Edition, Harlow, Pearson Education (E-book)
GRIFFIN, R. W., & PUSTAY, M. W. (2015). International business. Global edition Harlow, Pearson Education. (its Ebook)
Daniels, J D, Radebaugh, L H & Sullivan, D P (14th ed. 2014) International Business – Environments and Operations, New Jersey, USA: Pearson Prentice Hall (E-book)
International Business Review; Journal of International Business Studies; Management International Review; Management Today; The Professional Manager
Websites and Electronic Databases:
African entrepreneurs special FT reports available at http://www.ft.com/reports/african-entrepreneurs
http://europa.eu - this one does not require you to subscribe, but has numerous other links and portals of its own.
http://www.eubusiness.com - SUBSCRIBE TO THIS ONE FOR FREE IMMEDIATELY!!!
http://www.oecd.org - SUBSCRIBE TO THIS ONE FOR FREE NOW, TO RECEIVE REGULAR STATISTICAL PUBLICATIONS UPDATES EACH MONTH
http://www.wto.org - World Trade Organization portal - essential for news, stats and all updates on international agreements
http://www.worldbank.org - the portal to the Fund, not the Bank (I know, confusing!)
http://www.imf.org - the portal to the Bank, not the Fund (I know, even more confusing!)
http://www.weforum.org - a major annual forum with a portal filled with reports, videos, analysis - with a unique remit compared with WTO, World Bank and IMF