W623 – International Management and Globalization for SMEs

Module
International Management and Globalization for SMEs
International Management and Globalization for SMEs
Module number
W623 [MM08]
Version: 3
Faculty
Business Administration
Level
Master
Duration
1 Semester
Semester
Winter semester
Module supervisor

Prof. Dr. rer. pol. Angela Wienen
angela.wienen(at)htw-dresden.de
Lecturer(s)

Prof. Dr. rer. pol. Angela Wienen
angela.wienen(at)htw-dresden.de
Lecturer in: "Internationales Management und Globalisierung für mittelständische Unternehmen"

Prof. Dr. Gerard Lewis
gerard.lewis(at)htw-dresden.de
Lecturer in: "Internationales Management und Globalisierung für mittelständische Unternehmen"
Course language(s)

English
in "Internationales Management und Globalisierung für mittelständische Unternehmen"

English
in "Internationales Management und Globalisierung für mittelständische Unternehmen"
ECTS credits

5.00 credits

Workload

150 hours

Courses

4.00 SCH (4.00 SCH Lecture)
Self-study time

90.00 hours

Pre-examination(s)
None
Examination(s)

Written examination
Module examination | Examination time: 90 min | Weighting: 50% | not to be compensated
in "Internationales Management und Globalisierung für mittelständische Unternehmen"

Alternative examination - Presentation
Module examination | Examination time: 30 min | Weighting: 50% | not to be compensated
in "Internationales Management und Globalisierung für mittelständische Unternehmen"
Form of teaching

Vorlesung mit Übungs- und Diskussionsanteil.

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Lectures
The principles, concepts and theories will be presented during lectures.

Readings
For many topics there are chapters from the module text books and some additional readings which support the concepts presented in the lectures. 

Worked examples and problems
Application of the module materials is reinforced using mini-cases, problems and examples.

Case Studies
Students preparecase assignments prior to the scheduled case discussion. Students will be asked questions relating to the case and are expected to present their arguments and reasoning.

Project
Students will be required to work throughout the semester on a project which identifies and assesses the international business issues facing a particular business unit and the consequences for business entry strategy.

Project Presentation
Student teams make a 30 minute presentation which conveys the essential project information, findings and recommendation to a senior executive as concisely as possible.
Media type

Lecture slides are in PPT format.
Where appropriate, guest lectures and AV material will be used. 
Instruction content/structure

   Contents:

I. International Division of Labour

  1. The Classical Theory of Comparative Advantage
  2. New Approaches to International Trade
  3. Globalisation of SMEs

II. Monetary Theory and Policy

  1. Exchange Rate Mechanisms and Regimes
  2. Balance of Payments
  3. The European Monetary Union

III. Trade Policy

  1. Protectionism together with Discrimination
  2.  Types of Tariffs
  3.  Arguments for Tariffs

Studients have the opportunity to make a 30 minute presentation. They can choose a topic from a list of current issues concerning SMEs.

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The module will cover the following topics:

Assessing the international opportunity costs; Location and resource advantages, Is the location attractive? Is the country-market attractive?

Assessing risks of exchange rate flucutations, distance and risk: Are the risks in a given coutry acceptable? Business culture - Can we do business successfully in a given country?

Choosing a Business entry strategy with the main focus on trade restrictions -  what strategic options are available?
Qualification objectives

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The aim of the module is to enable students to understand and apply the frameworks and tools which help practicing managers to develop a business internationally. 

After successfully completing the module the student will be able to:
1. understand and analyse the context in which international business activity takes place
2. assess the impact of country risk, business culture, and market conditions on international strategy development.
3. evaluate the strategic options available for investment / market entry strategy int the context of tariff and further trade restricitions.
Social and personal skills

Development of analytical and problem solving skills within an strategic context.

Project management skills.

Presentation skills.

Creativity - 'stepping outside of the box' is the essence of successful business strategy.
Special admission requirements
No information
Recommended prerequisites

Kenntnisse in Mikro- und Makroökonomie

English level B 2

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English level B2
Continuation options
No information
Literature
  • European Central  Bank, Monthly Bulletin, Frankfurt
  • Gandolfo, G.: International Economics, 2 Bände, Berlin u.a. (1994): Springer
  • Krugman, P.R. / Obstfeld, M.: International Economics, New York, N.Y. 2012

www.dbresearch.de
www.imf.org
www.ecb.int
www.oecd.org
www.sachverstaendigenrat-wirtschaft.de

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The following textbooks are recommended for supporting and complementing the module lectures.

Main Texts:

  • Hill, Charles W. L, Competing in the Global Marketplace, Boston
  • Helen Deresky, International Management, Prentice Hall, New Jersey

Supporting Reading:

  • Christopher A. Bartlett and Paul W. Beamish, Transnational Management, McGraw-Hill
Current teaching resources

Module materials are available on Portal Sachsen (OPAL)
Notes

E-Learning: (Internet-Recherche, Arbeiten in virtuellen Gruppen im Bildungsportal Sachsen)

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International management is cross-functional in nature and has a high strategic emphasis. Therefore the module draws upon basic knowledge from other subjects and requires students to take a more holistic view of business and management in an international context.

The module is especially relevant for those who wish to enter general management in an international business context.
Link to course/learning resources in OPAL
https://bildungsportal.sachsen.de/opal/auth/RepositoryEntry/1941176333?4;https://bildungsportal.sachsen.de/opal/auth/RepositoryEntry/1941176333?6
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