International Management 2600-MSMdz2ZM
Lecture:
1. Factors Shaping Contemporary International Trade Patterns
1.1. Theories of International Trade
1.2. Megatrends
1.3. Globalization and Its Dimensions
1.4. Cross-Cultural Differences
2. The Process of Corporate Internationalization
2.1. Motives for Internationalization
2.2 The internationalization process
2.3 Forms of internationalization
2.4 Mergers and acquisitions
2.5. Key decisions in the internationalization process
3. Adaptation as a key challenge of internationalization strategy
3.1. Local responsiveness or global integration?
3.2. Types of strategies according to Bartlett and Ghosh
3.3. Strategy and structure, relations between the subsidiary and headquarters
3.4. Global value chains – key managerial choices
4. The role of multinational corporations in creating and managing value chains
4.1. A company’s position on the “smile curve” – conditions for change
Seminar:
1. The role of distance in international business
1.1. Globalization or “globaloney”?
1.2. Dimensions of distance – the CAGE model
1.3. Psychological distance
1.4. Decisions in the internationalization process
2. People in international business
2.1. Multiculturalism in multinational corporations
2.2. Factors shaping culture
3.3. Dimensions of culture
3. Internationalization strategies
3.1 The Uppsala model and born-global companies
3.2. Choosing internationalization directions
3.4. The timing of internationalization
4. International/global value chains – examples
5. Strategies for entering new markets
Type of course
Learning outcomes
KNOWLEDGE
K_W01
Knows and understands the terminology and research methodology in the field of management and quality sciences as well as related disciplines.
K_W02
Knows and understands the processes taking place within organizations and their relationships with the economic, social, and international environment.
K_W07
Knows and understands the principles of organizational functioning in the international environment and the determinants of international cooperation.
SKILLS
K_U09
Is able to independently develop their knowledge and professional competences and recognizes the need for lifelong learning.
SOCIAL COMPETENCES
K_K02
Is ready to recognize the importance of expert knowledge and to seek specialist opinions in solving organizational and economic problems.
K_K05
Is ready to comply with and develop ethical standards in professional activities and international relations.
Assessment criteria
Lecture: exam; to be eligible to take the exam, students must pass the seminars
Seminars: attendance, active participation, additional assignments.
Bibliography
Core reading:
Obłój, K., Wąsowska, A. (2014). Zarządzanie międzynarodowe. Teoria i praktyka. PWE, Warszawa
Supplementary reading::
Ciszewska-Mlinaric,M., Obłój, K., Wąsowska, A. (2021). Strategia Korporacji. Wydawnictwo nieoczywiste
Ghemawat, P. (2007). Redefining global strategy: Crossing borders in a world where differences still matter. Harvard Business Review Press.
Ghemawat, P. (2007). Why the world isn’t flat. Foreign Policy, (159), 54–60.
Hofstede, G. (1980). Culture's consequences: International differences in work-related values. Sage
Krugman, P.R., Obstfeld, M., & Melitz, M. (2018/2022). International Economics: Theory and Policy (11th or 12th ed.)
Rugman, A. M. (2005). The regional multinationals: MNE strategies and governments in the 21st century. Cambridge University Press