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A320A2000 Global Business Environment, 6 cr 
Code A320A2000  Validity 01.08.2019 -
Name Global Business Environment  Abbreviation Global Business 
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 Business and Management 

Anisur Faroque 
Igor Laine 

Description by Study Guide

Location: Lappeenranta

This course is only for master's level students including exchange students.


M.Sc. (Econ. & Bus. Adm.) 1



Teaching Language 


Teacher(s) in Charge 

Junior Researcher, Dr., Ph.D. (IB & E) Anisur Faroque
Post Doctoral Researcher, D.Sc. (Econ. & Bus. Adm.) Igor Laine


After taking the course students should be able to:

- Understand and identify the main features of global business environment and the interrelations between globalization and international business;
- Compare and evaluate business environments of particular economies as a source of risk and opportunity;
- Apply relevant theories related to global competitiveness, international trade, and economic blocs;
- Understand emerging markets as a key context for international business; assess the opportunities and challenges in these markets; and
- To evaluate the sustainable development perspective and anticipate its changing role in international business.



Must know: how does global business environment differ from domestic business environment; the role of globalization in international business; the cultural, political, and legal environments in international business; theories of international trade and investment; government intervention and regional economic integration; understanding emerging markets as a context for international business; opportunities in and risks and challenges of emerging markets; business model innovation and adaptation in emerging markets; ethics, corporate social responsibility, sustainability and governance in international business.

Should know: PEST, PESTEL and CAGE frameworks; economic system - Liberal / controlled, monetary; Porter diamond; Vernon life cycle; shifting patterns of comparative and competitive advantage; base of the pyramid (BOP) markets; Emerging economies as sources of innovation; sustainable development goals (SDGs); Paris Accord; global warming; global governance mechanism (WTO, IMF, WB, etc.)

Additional knowledge: Flying Geese model; Global value chain (GVC)

Teaching Methods 

15 h lectures, 30 h independent work for producing reflective essays, 30 h written project report, 2 h peer evaluation report, 10 h preparation for the Quiz and the Quiz, 33 h course literature, 40 h self-study. Total 160 h.

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:

- Individual reflective Essays after each topic / lecture (Lectures 2-6); each containing 10 points: 5x10 = 50 points

- Individual Quiz, each containing 10 points: 2x10 = 20 points

-Group term paper report: 20 points

-Final seminar presentation: 5 points

-Peer evaluation: 5 points

There will be no written exam in this course.

Course Materials 


Cavusgil S.T., Knight G., Reisenberger J. (2017) - International Business: The New Realities, 4th edition, Pearson Education (older editions apply as well)

Additional reading and other study material will be assigned in class and in Moodle.



Limitation for students? (Yes, number, priorities/Leave empty) 

Priority is given to MIBE programme students and MIBE minor studies students.

Places for exchange-students? (Yes, number/No) 

max 5

Places for Open University Students?(Yes, number/No) 



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