Development of International Business MGT4060
- Academic Session: 2024-25
- School: Adam Smith Business School
- Credits: 15
- Level: Level 4 (SCQF level 10)
- Typically Offered: Semester 1
- Available to Visiting Students: Yes
- Collaborative Online International Learning: No
Short Description
The course will examine the development of international business from a long-term perspective, looking at the theory about the emergence of large firms (Chandler) and about foreign direct investment (FDI) as well as multinational business; the role of big business in the development of international business; the role of multinational enterprises (MNEs) in globalisation; the impact of foreign direct investment (FDI) on host economies (i.e. countries in receipt of those investment); the strategy deployed by MNEs to enter foreign markets (entry strategy) in the long-term; the alternative forms of international business, most notably international cartels and strategic alliances. The Sustainable Development Goals challenge informing the course are, broadly speaking, the following: SDG 1 - No poverty, End poverty in all its forms and forms everywhere; SDG 8 - Decent work and economic growth; SDG 9 - Industry, innovation and infrastructure; SDG 17- Partnership for the goals.
Timetable
Lectures: 2 hours x 10 weeks
Please refer to MyCampus for timetable
Requirements of Entry
Entry to an Honours programme in Business and Management or a GPA of 12 in the level 2 courses listed below for students taking an Honours programme in another subject:
• MGT2010 Business Decision Analysis
• MGT2011 Fundamentals of Human Resource Management
• MGT2012 Services and Operations Management
•MGT2014 Entrepreneurship
Excluded Courses
None
Co-requisites
None
Assessment
ILO
Main Assessment In: December
Are reassessment opportunities available for all summative assessments? No
Reassessments are normally available for all courses, except those which contribute to the Honours classification. For non Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below.
Course Aims
These are the aims of the course:
■ Introduce students to the core material about the development of international business in the long-run broadly defined
■ Outline the specific historical and economic context in which international business developed
■ Critically assess the historical literature on the development of international business
■ Critically assess the theories explaining the motives for foreign direct investment (FDI)
■ Allow participants to develop practical skills in collecting and analysing, through specific group PP presentations, data sets and statistical information about some trends in FDIs
Intended Learning Outcomes of Course
By the end of this course students will be able to:
■ Describe the historical context and specific elements favouring the development of big business and international business
■ Assess the long-term role of multinational enterprises (MNEs) in the development of a global economy and in economic globalisation
■ Evaluate the main theories about FDI
■ Evaluate the various entry mode strategies (namely the entry strategy that firms deploy to enter foreign markets) in the long-term
■ Examine the consequences of FDI on host countries
■ Describe the alternative forms of international business, namely international cartels and strategic alliances, in the long-run.
Minimum Requirement for Award of Credits
Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.