Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.
LEARNING OUTCOMES
The key objectives of the course are: to introduce the frameworks and tools to analyse global business environment, to introduce various modes of doing business across borders, and to familiarize with the planning, implementation and management of business activities globally. The learning outcomes include:
- the enhanced awareness of differences in global business environment, including political, regulation and cultural aspects,
- understanding of the dynamics and suitability of various ways to conduct business in different global business environments, including the adaptation issues,
- understanding of the related ethical and social responsibility issues,
- ability to analyse and plan global business activities,
- problem-solving skills based on real-life cases.
Credits: 6
Schedule: 08.09.2020 - 15.10.2020
Teacher in charge (valid 01.08.2020-31.07.2022): Perttu Kähäri
Teacher in charge (applies in this implementation): Perttu Kähäri, Rilana Riikkinen, Hannu Seristö
Contact information for the course (valid 17.08.2020-21.12.2112):
Professor Hannu Seristö
E-mail: hannu.seristo@aalto.fi
Office: BIZ building, Management Studies
Office Hours: upon agreement
Teaching assistant: Emilia Eräpolku
E-mail: emilia.erapolku@aalto.fi
CEFR level (applies in this implementation):
Language of instruction and studies (valid 01.08.2020-31.07.2022):
Teaching language: English
Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
Valid 01.08.2020-31.07.2022:
The course provides a theoretically grounded overview of key issues, opportunities and challenges in global business. We shall assess globalization and the consequent changes in firms’ operating environment and analyze the needs to adjust firms’ strategies and operations due to these changes. The course covers key concepts and principles of conducting business in the international dimension, including issues in various functions, such as HR and marketing. The role of politics and regulation are covered, including world trade and regional economic blocs. The premises that various countries provide for companies in terms of competitiveness are analyzed. Ethical issues as well as social and environmental responsibility are addressed. The purpose of the course is to a) present the most important forces affecting international business today, b) introduce various international strategies, and c) present the ways to organize, coordinate and control international activities
Applies in this implementation:
Assessment Methods and Criteria
Valid 01.08.2020-31.07.2022:
Based on assignments and participation.
Applies in this implementation:
Individual assignment - article reflection papers (60%)
Case study assignment in teams (40%)
All assignments must be submitted and the final case presentation made in order to get a final grade for the course.
The general feedback from reflection papers is given to the class during the lecture session, for which the assignment was due. Students also have the opportunity to receive detailed personal feedback by e-mail, phone or by Zoom, outside of lecture hours. Feedback on the case assignment is given to each team on an agreed date, preferably by Zoom, approximately the week after the final sessions of the course.
Regular class session attendance is expected of all students. Missed sessions need to be compensated by a written assignment given by the lecturer. Students are also expected to be online on time, and they should be prepared to turn on the video during the classes for active participation.
Workload
Valid 01.08.2020-31.07.2022:
Contact teaching 30h
Independent work 130h
Total 160h (6 ECTS)Applies in this implementation:
Classroom hours, online 30h
Class preparation 33h
Assignments 97h
DETAILS
Study Material
Valid 01.08.2020-31.07.2022:
As indicated in the syllabus.
Applies in this implementation:
Textbook
Global Business Today, 11th or 10th edition, by Charles W. L. Hill and G. Tomas M. Hult, McGraw-Hill, 2020 or 2018, international edition. The chapters of Hill & Hult assigned for each session refer to the 10th edition.
Articles assigned for a particular lecture session
September 17
Welch, L.S., Gabriel, RGB, & Petersen, B. (2018). Foreign operation methods: Theory, analysis, strategy, 2nd ed. Cheltenham: Edward Elgar Publishing, ch. 2: Theoretical Approaches.
Robert Grosse (2019). International Trade Policy: A Technical Note. Thunderbird School of Global Management publication TB0567, 17 pages.
September 22
Benjamin Rosa, Philippe Gugler & Alain Verbeke (2020). Regional and global strategies of MNEs: Revisiting Rugman & Verbeke (2004). Journal of International Business Studies (published July 2nd 2020)
September 24
Menard, A., Ostojic, I., Patel, M. & Volz, D. (2020). A Game plan for quantum computing. McKinsey Quarterly, 8 pages, February 6th 2020.
Ben-Ner, A. & Siemsen, E. (2017). Decentralization and Localization of Production: The Organizational and Economic Consequences of Additive Manufacturing (3D Printing). California Management Review, 19 pages, March 24th 2017. (HBSP code CMR640-PDF-ENG)
September 29
William Kerr (2016): Harnessing the Best of Globalization. MIT Sloan Management Review, vol. 58, No.1. 10 pages. SMR574. Fall 2016.
Pankaj Ghemawat and Steven Altman (2019): The State of Globalization in 2019 and What It Means for Strategists. Harvard Business Review. HO4RLJ-PDF-ENG 7 pages. February 6, 2019.
October 6
Douglas Quackenbos, Richard Ettenson, Martin Roth and Seigyoung Auh (2016): Does Your Company Have What It Takes to Go Global? Harvard Business Review. 5 pages. April 11, 2016.
October 8
Whelan, T., & Fink, C. (2016). The Comprehensive Business Case for Sustainability. Harvard Business Review Digital Articles, 2-8.
Substitutes for Courses
Valid 01.08.2020-31.07.2022:
26C10000 International Business and Strategy
Prerequisites
Valid 01.08.2020-31.07.2022:
No prerequisites
SDG: Sustainable Development Goals
9 Industry, Innovation and Infrastructure
12 Responsible Production and Consumption
13 Climate Action
FURTHER INFORMATION
Details on the schedule
Applies in this implementation:
Session
Date
Topic(s)
Readings
Assignment Due Date
1.
Tue 08.09.
13:00-16:00
Introduction to the course and the cases:
Business Finland,
Frogmind, Wärtsilä2.
Thu 17.09.
13:00-16:00
Global business
environment: the elementsHill & Hult, Ch. 1, 2, 7, 9
Welch et al. (2018)
Grosse
(2019)Reflection paper 1
3.
Tue 22.09.
13:00-16:00
Analyzing the
business environment abroadHill & Hult, Ch. 3, 4, 8
Rosa et al. (2020)
Reflection paper 2
4.
Thu 24.09.
13:00-16:00
VUCA world and
disruptionsGuest: Dr. Elina
HiltunenMenard
et al. (2020)Be-Ner et al. (2017)
Reflection paper 3
5.
Tue 29.09.
13:00-16:00
Modes of doing
business internationallyGuest: Dr. Perttu
KähäriHill & Hult, Ch. 12, 13, 14, 15
Kerr (2016)
Ghemawat et al. (2019)
Reflection paper 4
6.
Thu 01.10.
13:00-16:00
Feedback session to student groups on the progress of the case study
Any material you would like to discuss are submitted via MyCourses by 29.9. at 9am.
7.
Tue 06.10.
13:00-16:00
Leading and
managing business internationallyHill & Hult, Ch. 17
Quackenbos et al. (2016)
Reflection paper 5
8.
Thu 08.10.
13:00-16:00
Ethics and
sustainability in international businessGuest: Dr. Rilana
RiikkinenHill & Hult, Ch. 5
Whelan &
Fink (2016)Reflection paper 6
9.
Tue 13.10.
13:00-16:00
Case presentations
Team presentations
10.
Thu 15.10.
13:00-16:00
International
marketingCourse summary
& wrap-upHill & Hult, Ch. 16