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The foundations of growing a global business

The foundations of growing a global business

 

Code: GLO3LH101
Scope: number of credits: 15 ECTS
Timing: Specified in course timetables 
Language: English
Curriculum: HELI16
Course level: Specialisation studies, Global Markets and Trade
Course type: Specialisation studies

 

Description of the module

This is the core module of the specialization in Global Markets and Trade. The Module includes three components: international competitive strategy, basics of supply chain management and frameworks and structures in global trade. It enables the student to reach a sufficient level of competence and skills to analyse and plan various strategies for internationalization, to analyse and manage global supply chains; to analyse, design and manage global logistics chains related to product or service procurement and delivery; and to appreciate the current business models, including digital and e-business across different industries in the global market place.

Parts of the module

Part A. International competitive strategy 5 cr.
Part B. Basics of supply chain management 5 cr. (This part of the course is interchangeable with the GLOBBA course SCM1LF101 Basics of Supply Chain Management.)
Part C. Frameworks and structures in global trade 5 cr.

Starting level and linkage with other courses

It is recommended that the student has successfully completed the Basic Studies and the Joint Professional Studies of has the subsequent skills. The course is part of the specialization module Global Markets and Trade.

Learning objectives and assessment

 

Competence level 1-2

 

International competitive strategy:

  • The student can partially understand and appreciate the key elements of international competitive strategy on a theoretical level.
  • The student has a partial understanding of the different strategies that an SME can consider when entering foreign markets.
  • The student partially understands how to evaluate the resources of the firm and how they impact the internationalisation choices the firm can utilise
  • The student can partially identify the most common potential success factors and pitfalls in internationalization of SME:s.

 

Basics of supply chain management

  • The student can partially understand and appreciate the key elements of international supply chain management on a theoretical level.
  • The student can partially understand the role of modern supply chain management (SCM) in creating competitive advantage to a firm from the financial, customer service as well as ethical and environmental perspective.
  • The student can partially master the basic SCM concepts which will help you in communicating with the internal and external stakeholders.
  • The student knows some limited tools to develop the sourcing and logistics functions.

 

Frameworks and structures in global trade

  • The student can partially understand and appreciate the key elements of international frameworks and structures in global trade on a theoretical level.
  • The student can partially identify the international transactions and trade practicalities both from exporter’s (seller) and importer’s (buyer) perspective.
  • The student can partially recognise the risks related to international trade and how to manage them.
  • The student can partially understand the legal framework of international business and will be able to do business in the international legal context as part of a team and with support of others.

 

Competence level 3-4

 

International competitive strategy:

  • The student can understand and appreciate the key elements of international competitive strategy on a theoretical level.
  • The student has a fair understanding of the different strategies that an SME can consider when entering foreign markets.
  • The student understands how to evaluate the resources of the firm and how they impact the internationalisation choices the firm can utilise
  • The student can identify the most common potential success factors and pitfalls in internationalization of SME:s.

 

Basics of supply chain management

  • The student can understand and appreciate the key elements of international supply chain management on a theoretical level.
  • The student can understand the role of modern supply chain management (SCM) in creating competitive advantage to a firm from the financial, customer service as well as ethical and environmental perspective.
  • The student can master the basic SCM concepts which will help you in communicating with the internal and external stakeholders.
  • The student knows tools to develop the sourcing and logistics functions.

 

Frameworks and structures in global trade

  • The student can understand and appreciate the key elements of international frameworks and structures in global trade on a theoretical level.
  • The student can identify the international transactions and trade practicalities both from exporter’s (seller) and importer’s (buyer) perspective.
  • The student can recognise the risks related to international trade and how to manage them.
  • The student can understand the legal framework of international business and will most likely be able to do business in the international legal context.

 

Competence level 5 

International competitive strategy:

  • The student can fully understand and appreciate the key elements of international competitive strategy on a theoretical level.
  • The student has an excellent understanding of the different strategies that an SME can consider when entering foreign markets.
  • The student fully understands how to evaluate the resources of the firm and how they impact the internationalisation choices the firm can utilise
  • The student can skilfully identify the most common potential success factors and pitfalls in internationalization of SME:s.

 

Basics of supply chain management

  • The student can fully understand and appreciate the key elements of international supply chain management on a theoretical level.
  • The student can fully understand the role of modern supply chain management (SCM) in creating competitive advantage to a firm from the financial, customer service as well as ethical and environmental perspective.
  • The student can skilfully master the basic SCM concepts which will help you in communicating with the internal and external stakeholders.
  • The student has professional knowledge of tools to develop the sourcing and logistics functions.

 

Frameworks and structures in global trade

  • The student can fully understand and appreciate the key elements of international frameworks and structures in global trade on a theoretical level.
  • The student can skilfully identify the international transactions and trade practicalities both from exporter’s (seller) and importer’s (buyer) perspective.
  • The student can skilfully recognise the risks related to international trade and how to manage them.
  • The student has an excellent understanding of the legal framework of international business and will confidently be able to do business in the international legal context.

 

Recognising and validating prior learning (RPL)

If students have acquired the required competence in previous work tasks, recreational activities or on another course, they can show the competence with a demonstration and progress faster through their studies. More information and instructions for recognising and validating prior learning (RPL) are available at MyNet.

 

Working life connections
 

The module uses real-life cases, simulations game and company visitors to lessons.

 

Internationality
 

The course is taught in English, can be attended by international students and all assignments are related to the internationalisation efforts of a company. The course is international by definition.

 

Timetable
 

The module timetable varies and is to be announced in the implementation plan.  

 

Learning methods
 

 The learning methods are based on contact lessons, preparation for contact lessons and on-line assignments and tasks including both individual and team work.

Assessment
 

Assessment is based on students performance in course assignments and exams as well as active participation in class. See more precisely the course implementation plan.

Teacher responsible for the module

Minna-Maari Harmaala

 

Learning materials
 

The learning materials to be announced in the implementation plan.