Olet täällä

International Business Practicalities

International Business Practicalities

Code: GLO4LH101
Scope: number of credits: 10 ECTS
Timing: Period 2 (8 weeks)
Language: English
Curriculum: Liiketalous, HELI16
Course level: Specialization Studies, Global Markets and Trade
Course type: Specialization Studies

 

Description of the module

This is the first project module of Global Markets and Trade speclialization. The student will work and learn in a real-life assignment on the internationalization efforts of an SME. The assignments may vary between companies and in time but the key elements are relatively constant. The key learning outcomes from the core module will equally be applied to the project in this further module.

 

Parts of the module

Part 1: Application of the strategic view on internationalization, 5 ECTS

  • Application of the core module’s learning topics in the project setting. Analyzing and evaluating a company and its product/ service for its internationalization potential and feasibility.

Part 2: International business practicalities, 5 ECTS

  • Feasible and recommended internationalization strategy and modes, product classifications, tariffs, international market, trade and currency risks, payment methods, trade blocks and areas; trade agreements & organizations, Incoterms2010, customs practices, relevant contract law, etc.

 

Starting level and linkage with other courses

The student has successfully completed the Basic Studies and the Joint Professional Studies and the core module, The Foundations of Growing a Global Business GLO3LH101 of the specialization module Global Markets and Trade. It is recommended that the student takes all three further specialization modules, including this, to be able to deliver value to the commissioning company.

 

Learning objectives and assessment

Competence level 1-2

  • The student can partially assess the internationalization capabilities and resources of a firm. For this assessment, the student can partially utilize e.g. VRIO/VRIN frameworks.
  • The student can partially assess the internationalization potential and feasibility of the company’s product/service.
  • The student can partially perform different practicalities that are required in the internationalization process and understand the proper macro phenomena that impact this process.
  • The student assumes partial responsibility for the client project including communication with the client, alterations to the project based on client demands, incorporating client needs in the project and reporting to the client. The student can partially use professional project management tools and skills.

Competence level 3-4

  • The student can assess the internationalization capabilities and resources of a firm. For this assessment, the student can utilize e.g. VRIO/VRIN frameworks.
  • The student can assess the internationalization potential and feasibility of the company’s product/service.
  • The student can perform different practicalities that are required in the internationalization process and understand the proper macro phenomena that impact this process.
  • The student assumes professional responsibility for the client project including communication with the client, alterations to the project based on client demands, incorporating client needs in the project and reporting to the client. The student can use professional project management tools and skills and can skillfully manage the project keeping it on schedule and on target.

Competence level 5

  • The student can diligently assess the internationalization capabilities and resources of a firm. For this assessment, the student can skillfully utilize e.g. VRIO/VRIN frameworks.
  • The student can skillfully assess the internationalization potential and feasibility of the company’s product/service.
  • The student can correctly perform different practicalities that are required in the internationalization process and understand the proper macro phenomena that impact this process.
  • The student assumes full professional responsibility for the client project including communication with the client, alterations to the project based on client demands, incorporating client needs in the project and reporting to the client. The student can use professional project management tools and skills and can skillfully manage the project keeping it on schedule and on target."

 

Recognizing 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 recognizing and validating prior learning (RPL) are available at MyNet.

 

Cooperation with the business community

The entire module is undertaken as an assignment to a real-life company; and done as a team in the internationalization lab of Haaga-Helia.

 

Internationality

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

 

Timetable

The schedule is introduced in detail in each implementation plan.

 

Learning methods

Students will work in teams to implement a real-life client project related to the internationalization efforts of an SME as part of this module. In the client project, students will practice and develop their skills and knowledge in the tools and methods relevant to consulting SMEs on internationalization topics. Students are expected to assume entrepreneurial responsibility for the client projects from start to finish. Teachers will act as coaches in the student's learning processes.

The module will be carried out as experiential phenomenon-based learning based on real SMEs and their business challenges. With this approach, holistic real-world phenomena provide the starting point for learning. The phenomena are studied as complete entities, in their real context, and the information and skills related to them are studied by crossing the boundaries between subjects. There will be scheduled weekly coaching sessions and all work will be done in teams.

Assessment

The module requires strong and goal-oriented commitment on behalf of the student to team work and the contact sessions in the module. The grade will be based partly on the output and the value of the project deliverables to the client company (50%) and partly on the students own commitment, activity and demonstrated professional attitude (50%).

This course description will be modified into an implementation plan for each implementation separately. The implementation plans will be modified based on student feedback in accordance with the Haaga-Helia quality system.

Course teacher(s)
Minna-Maari Harmaala
Anna Hankimaa
Hanna Harilainen
Jari Luomakoski

 

Learning materials

Materials as announced and necessary with strong focus on the student’s ability to search for relevant material.