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CS10A0262 International Business Essentials, 6 cr 
Code CS10A0262  Validity 01.08.2017 - 31.07.2019
Name International Business Essentials  Abbreviation International B 
Credits6 cr   
TypeBasic studies  
  Grading scaleStudy modules 0-5,P/F 
  Eligibility for post-graduate studiesno
    Allowed to study several timesno
Organisation LUT School of Engineering Science 

Description by Study Guide

This course is available only to students of candidate programs of LUT School of Business and Management.

Interchangeable with CS10A0261 Managing International Business. 
Year  B.Sc. (Econ. & Bus. Adm.)or B.Sc. (Tech.) 2, 3 
Teaching Language  English 
Teacher(s) in Charge 

Post-doctoral researcher, D.Sc. (Econ. and Bus. Adm.) Igor Laine
Professor, D.Sc. (Econ. and Bus. Adm.) Asta Salmi
Professor, D.Sc. (Tech.) Juha Väätänen


After successful completion of the course, students should be able to: 1. describe the key concepts in international business, 2. explain how international business differs from domestic business, 3. identify major participants in international business, 4. describe, discuss applicability and apply various internationalization theories, 5. describe strategy in international business, 6. describe various principles of market selection, 7. examine advantages and disadvantages of different entry modes, 8. discuss major features of global marketing program, 9. recognize the characteristics of international business relationships.


International business theories. International competitiveness. Regional economic integration. International business strategy. Market selection and entry modes in international business. Global marketing. International business relationships and networking.

Teaching Methods 

15 h of lectures, 14 h preparation for lectures, 20 h assignments, 40 h written report, 3 h peer group evaluation, 14 h course literature and self-study, 50 h exam preparation. Total 156 h.

Examination in Examination schedule (Yes/No)  Yes 
Examination in Moodle (Yes/No)  No 
Examination in Exam (Yes/No)  No 
Assessment scale and assessment methods 

0 - 5. Exam 40 %, written report 35 %, peer group evaluation 5%, home-work assignments 20%. Each of the components has to be passed acceptably.

Course Materials 

Cavusgil S.T., Knight G., Reisenberger J., 2017, International Business: The New Realities (4th edition), Harlow, UK: Pearson Education Ltd. Additional materials will be announced on lectures

Limitation for students? (Yes, number, priorities/Leave empty)  Yes, 75 
Places for exchange-students? (Yes, number/No)  15– 
Places for Open University Students?(Yes, number/No)  15– 

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