BUSI4BO15: International Business in Context (FT)

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• To contribute to the overall aims of the programme by developing students' awareness of business and management issues in an international context, and their ability to function effectively in the global business environment.
• To visit leading international companies and to understand and evaluate the complex nature of different dimensions of their business in one overseas country.
• To recognise and value the role of national culture in the way businesses operate.
• To compare and contrast organisations on a specific dimension (e.g. strategy, marketing, finance, operations, HRM).
• To develop students' research skills through the production of a detailed case study of leading international organisations, based on desk research prior to the tour and primary research conducted during the tour.
• To examine the challenges and opportunities of implementing CSR in multinational operations, focusing on global supply chains, ethical sourcing, and sustainable business practices.

• The module delivery is divided into four parts:
• Discussion of international business theoretical frameworks. During the sessions students will discuss the most relevant international business frameworks. These will allow them to understand how internationalised companies operate in international contexts. The frameworks will also allow students to understand the companies they will visit on their international study tour.
• An international study tour to a foreign country. This will include visits to a range of organisations.
• Post-tour debriefing. The module leader will conduct a post-tour debrief session to analyse the students' international experience. Each student will submit an individual learning journal (3,000 words) detailing their own reflections on the experience, how studying the international frameworks and the national culture of the country they visited helped them during the tour, what they personally learnt on the tour, and how they will make use of this experience and knowledge (i.e. the 'reflective practitioner' activity). A debriefing session for all students will be arranged to help them with this task.
• During the module students will also engage, in groups, in a summatively assessed international business simulation.
• Subject Content:
• Introduction to International Business in Context
• Cultural environment in international business
• Ethics in international business
• Theories of international trade and investment
• Political and legal systems in the national environment
• Global market opportunity assessment
• Entering and operating in international markets
• Marketing in the global firm
• Human resource management and financial management in the global firm

Subject-specific Knowledge:

• By the end of the module, students should have a critical understanding of:
• How businesses operate in an overseas context.
• How to use the existing strategic models to make decisions in companies operating in the international context.
• Environmental forces that shape companies' decisions in international markets.
• Effects of their strategic decisions on the company performance.
• How to develop capabilities for a strategic combination of resources in companies and its influence on international performance.
• How international business frameworks can be used to analyse real organisations' options in international contexts.
• How national culture influences how business operate

Subject-specific Skills:

• By the end of the module students should have:
• Acquired the skills to put organisational theory into practice.
• Effective group work skills, including a collaborative effort in the research, drafting, refinement, and presentation of an assignment, as well as interpersonal sensitivity, which may be across national and/or cultural boundaries.
• Skills in desk research and primary research associated with the production of case studies.
• The ability to appreciate the concept of a reflective practitioner and to reflect critically on organisations, as a way of learning and developing.

Key Skills:

• Written communication
• Planning, organising and time management
• Problem-solving and analysis
• Interpretation of data and computer literacy
• Team working
• Interpersonal skills

• This module is taught in blocks, comprising a mix of lecture-style delivery, class debate and guest speakers, and includes an international business simulation and international study tour. All students will be expected to engage in class discussion and debate to facilitate the formation of their critical judgments.
• For the international business simulation, students will work in groups of 5 to 6 within the taught blocks. They will be required to make decisions in an international context regarding entry strategies, market analysis, product, pricing, distribution and communication in relation to the virtual global company they manage. The simulation will be undertaken using web-based software managed by the module leader. Simulations bring realism and critical thinking into the classroom, allowing students to learn from their own experiences, experiment with different management strategies, and put into practice the concepts they have discussed during the module.
• The summative group simulation exercise (essay) is designed to test the students theoretical understanding of the subject, and their ability to apply this to organisations. All students will receive the same mark. The individual learning notebook journal will, in addition, test their capacity for reflective practitioner insights.

Students will individually produce a 1,500-word formative assignment based on desk-research one month before the tour, focusing on the companies and countries they will visit. They will receive feedback on this prior to the tour, and it will help in preparing their summative individual learning journal.

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