International Business in Emerging Markets (5 cr)

Objective

The course aims to provide the participants with the theoretical models for organizing and managing a multi-national network of subsidiaries and other strategic relationships focusing on high growth emerging markets. The course demonstrates the decisions affecting the international expansion of the firm, and connect these to the higher risks emerging markets which typically provide greater opportunities for higher returns or costs savings. Such knowledge and competencies are highly important especially for companies that are familiar with highly developed and stable environment. Exploring such emerging new territories with growth potentials for expansion requires the global managers to extend their knowledge horizon, and critical analysis skills to better manage such markets with more success with a set of conceptual tools that will help them navigate through such muddy water with higher precision and success. Such knowledge will also increase the effectiveness of managing challenges in a multi-national network environment.

Content

Definition of emerging market
Importance of emerging markets and how do they differ from developed markets
Management of key risks, challenges, and issues in such type of markets
National differences in the emerging markets business environment and system
Pros and cons of various entry strategies to emerging markets
Strategies targeting the bottom of the pyramid in emerging markets

Location and time

Five sessions online via Teams

Materials

Available in KAMK learning platform.

Teaching methods

Lectures, research and presentation

Employer connections

The course is vital for student's professional development especially in international business.

Exam schedules

No exams; task due dates must be observed. If the student fails the course, the student can enrol for a retake exam, which constitutes 100% of the assessment.

* Attendance is not part of the course assessment; absentees are expected to watch the recordings at their convenience.

* Absentees must complete all the tasks by the due date, and a penalty will be imposed if they fail to submit on time.

* Students are expected to participate in the assessment presentation on the date it takes place (the third online session). Every student must present at this task.

International connections

Emerging markets are an important part of the global business environment.

Completion alternatives

Not applicable.

Student workload

Five online sessions - 4 pm to 6 pm (10 hours) Independent work - 135 hours
Lectures, group work, research, presentation and discussions

Content scheduling

* Session 1: Course introduction, facilitator and students' self-introductions, learning platform introduction and curriculum introduction Assessment overview, defining emerging markets and the global trends impacting the significance of emerging markets (*Emerging markets" presentation)

* Session 2: Business cultures and emerging markets (research and presentation task)

* Session 3: Entry strategies and risk management (research and presentation task)

* Session 4: Managing relationships and negotiation in emerging markets (forum discussion)

* Session 5: Emerging markets research presentation and summing up

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

All learning outcomes/ assessment criteria have been achieved to an exceptionally high-level demonstrating the following attributes:
- Exceptional understanding, exploration, insight, and application of the theories and concepts learned.
- Clear adherence to all specifications for the assessment task, including word limit where appropriate
- The organization, structure, and standard of output, including any subject-specific conventions, where applicable, are of very high quality throughout
- Evidence of effective communication of work to peers and others
- Offer stimulating and rigorous arguments that are likely to be at the limits of what may be expected at this level
- The coursework has been executed/performed in an original way
- Outstanding ability to reach appropriate decisions based on incomplete or complex evidence
- Evidence of very high-quality analysis, synthesis, evaluation, and critical appraisal
- Evidence of outstanding problem-solving skills and ability to suggests alternative approaches
- Evidence of outstanding ability to address complex issues both systematically and creatively

Assessment criteria, good (3)

All learning outcomes/ assessment criteria have been met fully at a good or very good standard demonstrating the following attributes:
- Good to very good understanding, exploration, insight, and application of the theories and concepts learned.
- No significant inaccuracies, misunderstandings or errors
- Clear adherence to all specifications for the assessment task, including word limit where appropriate
- The organization, structure, and standard of output, including any subject-specific conventions, where appropriate, are of reasonable to good quality throughout
- Evidence of sufficiently effective communication of work
- Ability to present structured, clear and concise arguments
- The work has been approached and/or executed/performed in a comprehensive way with some degree of originality

Assessment criteria, satisfactory (1)

All learning outcomes/ assessment criteria have been met demonstrating the following attributes:
- Evidence of sufficient ability to reach appropriate decisions based on incomplete or complex evidence
- Evidence of reasonable to good quality analysis, synthesis, evaluation and critical appraisal
- Evidence of sufficient problem solving skills and ability to suggest alternative approaches
- Evidence of sufficient problem solving skills and ability to suggest alternative approaches
- Demonstrate some ability to develop an argument but can lack fluency
- The coursework has been approached and/or executed/performed in a standard way with limited evidence of originality
- Some contextualization but with a heavy reliance on a limited number of sources and, in general, the breadth and depth of sources and research are lacking
- Evidence of study and demonstration of the ability to reach appropriate decisions based on incomplete or complex evidence
- Some, but limited evidence of analysis, synthesis, evaluation, and critical appraisal
- Some evidence of problem-solving skills
- Some evidence of ability to address complex issues adequately

Assessment methods and criteria

Global trends and emerging market presentation - 10 points
Business culture and emerging market presentation - 20 points
Risk management and emerging market strategy - 10 points
Final assignment interview results presentation - 30 points
Final research report - 30 points

Assessment criteria, fail (0)

Student failed to

* demonstrates basic competency and knowledge of the subject matter through group work, discussions, course task, and/or final assignment

* failed to complete the assessment tasks and coursework that meet the assessment criteria

* failed to use and apply the course materials to complete the course tasks and final assignment

* failed to provide source materials if these are introduced by the students from external sources

Assessment criteria, excellent (5)

Student

* critically analyzes the current state of human resource management, able to forecast future change needs based on sound evidence and arguments, and innovatively anticipates changes in the operating environment and their impact on their work community

* masters the development of HRM processes in collaboration with work community actors based on evidence

* reasonably masters fair and supportive HR management in managing diverse people

* is able to apply the terms and conditions of employment in his or her management work

Toteutuksen arviointikriteerit, hyvä (3-4)

Student

* analyzes the current state of human resource management and future change needs, and anticipate changes in the operating environment and their impact on their work community

* is able to develop human resource management processes in collaboration with work community actors based on evidence

* is able to provide fair and supportive HR management in managing diverse people

* is able to apply the terms and conditions of employment in his or her management work

Assessment criteria, satisfactory (1)

Student

* demonstrates basic competency to evaluate the current state of human resource management and future change needs and seeks to anticipate changes in the operating environment and their impact on their work community

* is able to develop human resource management processes in cooperation with work community actors

* strives for fair and supportive HR management in managing diverse people

* is able to apply the terms and conditions of employment in his or her management work

Further information

To be announced later