Highlights
Learning outcomes
1. Understand the concept of strategy in international business
2. Describe the strategic formulation process and its relationships with the concept of competitive advantage
3. Understand the role and impact of the institutional environment on firm strategy 4. Evaluate alternate market entry modes and their management challenges - Describe the key issues involved in strategy implementation, cooperative strategies, including joint ventures; comment on the links between firm level strategy and structure
5. Importance of Innovation
6. Managing Risk
Content
• Defining and understanding the concept of strategy
• Strategy formulation and Implementation
• Impact of Institutional envrionment
• Internationalisation strategies of developed and emerging market firms - Importance of cooperative strategies: strategic alliance, networks and joint ventures
• Importance of innovation
• Managing risk and competition
Requirements Research on internationalisation of emerging market firms (EMFs) has received increasing attention in the international business strategy and management field. A key aspect that is highlighted in the literature isthat the internationalisation of EMFs is different from that of firms from developed economies.
For the purposes of this assessment you can choose one of the companies listed below in class:
a) Haier (China)
b) TATA (India)
c) Huawei (China)
d) Lenovo (China)
e) Dr.Reddy’s (India)
f) Alibaba (China)
g) Acer (Taiwan)
h) Cemex (Mexico)
You are expected to draw on key concepts from international business strategy and management literature, you are expected to:
i. Describe and discuss the motivations, paths, processes and challenges of EMFs when considering internationalisation.
ii. Evaluate the main drivers of internationalisation for the firm of your choice.
iii. Examine the nature of market entry and growth strategy
iv. The competitive strategy of the home country government and the firm
v. The sources of competitive advantage of the firm
vi. The competitive response of incumbent competitors
vii. Identify the main challenges and risks faced by the firm when operating internationally.
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