English
W623 – International Management and Globalization for SMEs
International Management and Globalization for SMEs
Version: 3
Prof. Dr. rer. pol. Angela Wienen
angela.wienen(at)htw-dresden.de
Prof. Dr. rer. pol. Angela Wienen
angela.wienen(at)htw-dresden.de
Prof. Dr. Gerard Lewis
gerard.lewis(at)htw-dresden.de
Englisch
Englisch
5.00 Credits
150 Stunden
4.00 SWS (4.00 SWS Vorlesung)
90.00 Stunden
Schriftliche Prüfungsleistung
Prüfungsdauer: 90 min | Wichtung: 50 % | nicht kompensierbar
Alternative Prüfungsleistung - Referat
Prüfungsdauer: 30 min | Wichtung: 50 % | nicht kompensierbar
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.
Lecture slides are in PPT format.
Where appropriate, guest lectures and AV material will be used.
Contents:
I. International Division of Labour
- The Classical Theory of Comparative Advantage
- New Approaches to International Trade
- Globalisation of SMEs
II. Monetary Theory and Policy
- Exchange Rate Mechanisms and Regimes
- Balance of Payments
- The European Monetary Union
III. Trade Policy
- Protectionism together with Discrimination
- Types of Tariffs
- 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?
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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.
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.
Kenntnisse in Mikro- und Makroökonomie
English level B 2
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English level B2
- 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
Module materials are available on Portal Sachsen (OPAL)
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.