International Business Strategy (B-KUL-HME35A)
Aims
- Analyses the environment in which a business is operating at the micro (e.g. human capital, value creation), meso (e.g. competitive position in a sector, supply chain) and macro (e.g. demographics, sociology, technology, ecology, politics) level.
- Uses an analysis to develop a strategic plan to achieve a company’s policy objectives.
- Performs a critical analysis of the strategic opportunities and challenges facing businesses using scientific studies, case studies and (international) company visits.
- Analyses and critically reflects about the internal environment of an organisation, to identify strengths and weaknesses that will guide the (international) marketing strategy.
- Analyses and critically reflects about the external environment of an organization, to identify opportunities and threats that will guide the (international) marketing strategy.
- Assesses the potential of international markets using an appropriate methodology.
- Explains why multinational corporations establish branches abroad and identifies the location-specific advantages of foreign direct investment destinations.
- Explains the effects of timing on the success of companies’ ventures abroad ( analysis of the first-mover and late entrant advantages)
- Compares and contrasts the advantages of different entry mode choices based on different theoretical perspectives.
- Critically assesses the effect of bilateral and multilateral investment treaties and the solutions for dispute settlements.
- Critically examines scientifically substantiated texts of (business) economic nature and interprets and synthesises them.
- Independently or in team, efficiently carries out a clearly defined assignment.
- Demonstrates creativity, takes initiative, assumes responsibility, and sets priorities when carrying out economic (business) assignments.
- Adjusts own approach based on critical self-reflection and feedback.
- Shows interest in current affairs and broadens his background knowledge.
- Critically analyses how the implementation of a particular company strategy impacts the different management areas, and adjusts course based on this analysis.
Previous knowledge
The admission criteria for the programme can be found in the programme catalogue. It is compulsory to have completed the following course first: 'Introduction to Management'
Identical courses
This course is identical to the following courses:
HMB36A : International business en strategie (No longer offered this academic year)
Is included in these courses of study
Activities
6 ects. International Business Strategy (B-KUL-HME35a)
Content
GENERAL STRATEGY part
1. Introduction to strategy :
What is strategy and why is it important? Porter vs. Mintzberg; business models; platform businesses
2. Business and corporate strategy:
2.1. Industry Analysis: Analyzing an organization's external environment The fundamentals: key success factors, competitive analysis, segmentation, strategic groups
2.2. Competitive advantages: sources, cost advantages and/or differentiation advantages
2.3. Corporate strategy and diversification
2.4. Strategies for changing the game: offensive vs. defensive strategies, vertical integration, outsourcing, diversification strategies
3. INTERNATIONAL BUSINESS STRATEGY part
3.1. Global market opportunity assessment
3.2. Conceptual foundations of international business strategy and the critical role of firm-specific advantages;
3.3. The nature of home country location advantages and the role of distances between countries
3.4. Combining firm-specific advantages and location advantages in a multinational network; cultural distance frameworks, headquarter-subsidiary relationships
3.5. The dynamics of international strategic alliances and joint ventures
3.6. Cross border mergers and acquisitions: a strategic perspective
3.7. Emerging markets and emerging economy multinational enterprises
Course material
lecture slides
academic and practitioner articles
Verbeke, Alain, Ian Lee, I.H. 2022. International Business Strategy. Cambridge University Press. ISBN 978-1-108-73837-8
Language of instruction: more information
English
Format: more information
Blended learning - Case-based lecture - Traditional lecture
lectures with discussion, interactive case studies
Evaluation
Evaluation: International Business Strategy (B-KUL-H75087)
Explanation
The evaluation is based on:
- preparation for class by reading articles and taking a short quiz (15%)
- group assignment (25%)
- written exam (60%)
Information about retaking exams
For the second exam chance in the same academic year, the evaluation is the same as in the first exam session.
See Toledo.