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Identical coursesEconomics of Global Innovation (B-KUL-D0R22A)
Cannot be taken as part of an examination contractAims
Upon completion of this course, the student is able to:
• Identify the major changes in the international environment of relevance for global leading innovators
• Clarify the analytical background to understand the development of global strategies of multinational firms and the role of innovation
• Apply the theoretical analysis to a case project analyzing corporate internationalization strategies of major global leading firms in selected industries
Previous knowledge
Basic economics and management principles.
Is included in these courses of study
- Master in de toegepaste economische wetenschappen (Leuven) 60 ects.
- Master in de toegepaste economische wetenschappen (Leuven) (Major: International business, strategie en innovatie) 60 ects.
- Master in de toegepaste economische wetenschappen (Leuven) (Minor: Strategie en innovatie) 60 ects.
- Master handelsingenieur (Leuven) 120 ects.
- Master handelsingenieur (Leuven) (Minor: International business, strategie en innovatie) 120 ects.
- Master of Business Economics (Leuven) 60 ects.
- Master of Business Economics (Leuven) (Major 1: International Business, Strategy and Innovation) 60 ects.
- Master of Business Economics (Leuven) (Minor 1: Strategy and Innovation) 60 ects.
- Master of Information Management (Leuven) 60 ects.
- Master in de economie, het recht en de bedrijfskunde (Leuven) 120 ects.
- Master of Business Engineering (Leuven) 120 ects.
- Master of Business Engineering (Leuven) (Minor: International Business, Strategy and Innovation) 120 ects.
- Courses for Exchange Students Faculty of Economics and Business (Leuven)
Activities
6 ects. Economics of Global Innovation (B-KUL-D0R22a)
Content
The course provides economic analysis for understanding the behavior of firms in a rapidly changing global knowledge-based competitive environment. The focus of the course is on key economic concepts, models and evidence that are essential for understanding global corporate strategies, with a special focus on global innovation strategies.
A first set of lectures will characterize the changing global environment of firms, covering recent trends in globalisation:
• Recent trends in globalisation: changing Trade and FDI patterns, global value chains,
• Recent trends in globalisation: internationalisation of innovation
• Europe innovating and competing in a global environment
A second set of lectures will provide the key economic concepts and models to understand how global integration affects corporate structure & strategy, increases the importance of technology for global market leadership and how firms develop global innovative strategies:
• Impact of global integration on corporate and market structure
• Importance of technology for global market leadership
• Why and how to globalise innovation activities.
• How to capture value from global innovations
Special topics include
• Global open innovation strategies: International R&D cooperation
A third part of the course involves to empirically assess firms’ global innovation strategies in key sectors: the GLS exercise (Global Strategies of Leading Firms). Students analyze a key sector and provide a detailed description and comparative analysis of the global strategies applied by the top leading firms in that sector. The global strategies include their geographic spread of sales, production and R&D activities.
Guest lectures will complement the scheduled lectures.
Course material
Used Course Material
Slides
Background material
Examples
Toledo
Toledo is being used for this learning activitity
Format: more information
Lectures, guest lectures, paper
The first part of the course involves lectures, the slides and background material are provided in advance to the students. The lectures allow for raising questions and discussion. The second part of the course involves students’ work on internationalization strategies of key leading firms in selected sectors (GLS exercise). Instructions are presented in class, students have to submit interim results and get feedback on interim results. Students present the final results of their analysis in class. These presentations are discussed in class. Finally, students submit the final report of their analysis.
Guest lectures complement the scheduled lectures.
Evaluation
Evaluation: Economics of Global Innovation (B-KUL-D2R22a)
Explanation
Features of the evaluation
Grading will be based on the GLS exercise (presentation and report), as well as on a individual case assignment.
* The paper and presentation should reflect that you understand the industry and that you tried to apply the insights taught in class to your industry analysis.
* After completing the industry analysis, students have to indicate the extent to which other students (peers) have contributed to the final result of the paper and presentation (= peer assessment).
* For the paper the term of deliverance and deadline will be determined by the lecturer and communicated via Toledo. The deadline is at the end of the semester and before the examination period.
* Students need to submit preliminary work on the paper during the year. These deadlines are spread across the semester.
* The final presentation date will be determined by the lecturer and communicated via Toledo. The presentations will take place before the examination period.