The course has intensive teaching 7.-10.1.2020 (edit. 9.8.2019). Only for Master's level students. The number of students attending the course may have to be limited if the number of students exceeds 30. In registration, priority is given to LUT School of Business and Management, MIMM and MIBE Programme students.
M.Sc. (Econ. & Bus. Adm.) 1
3, Lectures 7.-10.1.2020.
|Teacher(s) in Charge
Professor, Dr. Rudolf R. Sinkovics, University of Manchester/Alliance Manchester Business School, UK
Professor, D.Sc. (Econ. & Bus.Adm.) Olli Kuivalainen
The course introduces participants and students of international business and management to the concept of the world as 'VUCA', a volatile, uncertain, complex and ambiguous, system. Business decisions that we make within organisations (the economic system) are inextricably related to challenges in the societal and environmental system and vice-versa. Resource scarcity (raw materials such as clean water, energy) limits the space within which managers operate and compete successfully. In this context it has been suggested that those firms may sustain long-term success, which engage in responsible stewardship and actively consider external challenges in their business models.
When students have completed this course, they will be able to:
- Critically understand and discuss the volatile, uncertain, complex and ambiguous, international business system within which firms operate.
- Appreciate and articulate the implications of sustainability decisions within global value chains.
- Produce articulate reports that showcase sustainability strategies andtheir implications.
- Analyze firm strategies and associated outcomes, which affect the firms themselves but also the system within which they operate.
- Appraise critical social and environmental issues in contemporary business contexts.
Furthermore, the behavioral simulation contributes to increased levels of learning in terms of: self-reflection, negotiation abilities, team-work and time-management under pressure as well asself-organization capabilities.
The course will focus on the following main topics:
- Globalization drivers and ethical issues in IB
- Firms and their relationship with the international business environment
- Complexity in organizations
- Global value chains and international business
The course consists of 10 3-hour blocks taken up by lectures and student presentations.
Lectures will be conceptually and theoretically informed. However, the style is informal and student participation (questions, comments and criticisms) are actively encouraged.
Student group presentations form an important part of the course's learning process.
30 h of interactive lectures and cases, 3rd period (intensive format). 50 h of preparation for lectures and assignments and examination. Total workload 80h.
|Examination in Examination schedule (Yes/No)
|Examination in Moodle (Yes/No)
|Examination in Exam (Yes/No)
|Assessment scale and assessment methods
Final grade 0-5. Evaluation 0-100 points: Grade component %
- Final exam - part one - Multiple-choice questions 10%
- Final exam - part two - Essay-type 40%
- Group presentation of the research project(s) 30%
- In-class assignments and class participation 20%
- Total (The overall pass mark is 50%) 100%
All assignments must be passed.
Required: Dicken, Peter (2015), Global Shift - Mapping the Changing Contours of the World Economy (7th ed.). London: Sage Publications. (ISBN: 9781446282106).
Recommended: Probst, Gilbert and Andrea Bassi (2014), Tackling Complexity: A Systemic Approach for Decision Makers. Sheffield, UK: Greenleaf Publishing Limited. (ISBN: 9781783530823). Leonard, Annie and Annie Conrad (2010), The Story of Stuff: How Our Obsession with Stuff Is Trashing the Planet, Our Communities, and Our Health: And a Vision for Change. New York: Free Press. (ISBN: 9781439125663). Other readings and assignments to be announced before / in the class
A330A0300 Strategic Global Marketing Management or equivalent basic marketing course or A320A2000 Global Business Environment or equivalent basic international business course.
|Limitation for students? (Yes, number, priorities/Leave empty)
The number of students attending the course may have to be limited if the number of students exceeds 40. In registration, priority is given to LUT School of Business and Management, MIMM and MIBE Programme students.
|Places for exchange-students? (Yes, number/No)