International Entrepreneurship

Bachelor 2019/2020

Type: Elective course (Business Administration)

Area of studies: Management

Delivered by: Department of General and Strategic Management

Where: Graduate School of Business

When: 3 year, 3, 4 module

Mode of studies: distance learning

Instructors: Natalia Bukhshtaber

Language: English

ECTS credits: 5

Contact hours: 54

Full Syllabus

Abstract

The course provides the overview of international business environment, information on the basics of entrepreneurship and practical guidance for students as potential starters of their own business endeavors. After successful completion of the first part of the course students will know the major aspects and theories of globalization, regulations and theories of international trade, understand sustainability concepts and be able to solve ethical dilemmas using the stakeholder approach. After successful completion of the second part of the course students will understand different types of entrepreneurship, logics of building an enterprise and know qualities of entrepreneurs. After successful completion of the third part students will have experience in identifying business opportunities, planning a business venture, creating a business plan and pitching for support.

Learning Objectives

The course aims to provide students with outstanding knowledge of the major aspects and theories of globalization, regulations and theories of international trade
to develop skills for usage the stakeholder approach for solving ethical problems which is a key element of sustainability concepts
to provide knowledge for understanding different types of entrepreneurship, logics of building an enterprise and qualities of entrepreneurs
to develop skills for identifying business opportunities, planning a business venture, creating a business plan and pitching for support

Expected Learning Outcomes

Understand the features of globalization and theoretical foundations of international business
Understand the the strategies, modes of entry and frameworks for international companies, Porter’s diamond, OLI framework, Ghemawat’s AAA framework
Identify and develop an opportunity for entrepreneurial project
Present the idea in the format of pitch
Prepare the roadmap for project
Apply the entrepreneurial strategies and roadmap (milestones)
Understand the ways to finance a startup project
Build a project team (define roles)
Distinguish the differences and benefits of running a business in the developing countries, apply a bottom up approach
Understand the entrepreneurship concepts, types of enterprise
Apply the sustainability frameworks

Course Contents

Global market and international business issues
Globalization. Stages of globalization. Differences between countries and cultures. DHL Connectedness Index. Ghemawat’s CAGE framework. Theoretical Foundations of International Business. Global trade. Historical overview of regulations, institutions and underlying theoretical propositions. International markets& multinational companies. Strategies, modes of entry and frameworks for international companies. Porter’s diamond, OLI framework, Ghemawat’s AAA framework. Theories of moral reasoning. Ethical Decision making. Stakeholder approach. Sustainability frameworks, sustainability measurements and effects.
Understanding entrepreneurship
Entrepreneurship concepts, types of enterprise. Entrepreneur, entrepreneurship& enterprise. Innovation and creativity in entrepreneurship. Internationalization of enterprises. Factors, traits, perspectives. Entrepreneurship in the subsistence markets. Differences and benefits of running a business in the developing countries. Understanding a consumer. Bottom up approach. Impact of social entrepreneurs, value in the economy, social value.
Developing an entrepreneurial project
Identifying and developing an opportunity. Planning and launching a start up. Essential elements of business planning. Team. Legal issues. Name. Financing. Milestones&roadmaps, Partnering. Exiting.

Assessment Elements

Exam
Group Project
Individual Work

Interim Assessment

Interim assessment (4 module)
0.4 * Exam + 0.3 * Group Project + 0.3 * Individual Work

Bibliography

Recommended Core Bibliography

Alexander Osterwalder, & Yves Pigneur. (2010). Aligning Profit and Purpose Through Business Model Innovation. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.518B3EE4
Fayolle, A., & Edward Elgar Publishing. (2014). Handbook of Research on Entrepreneurship : What We Know and What We Need to Know. Cheltenham: Edward Elgar Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=781582

Recommended Additional Bibliography

Entrepreneurial exit: Who, what or to where? Regional relocation as a form of exit. (2015). Australia, Australia/Oceania: Edward Elgar Publishing Ltd. https://doi.org/10.4337/9781782546979.00020
Sandrine Cueille-Renucci, Gilles Recasens, & Martin Cloutier. (2017). Entrepreneurs’ Perspectives on the Structuring Phase of the Entrepreneurial Team. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.02188121
Tang, J., & Murphy, P. J. (2012). Prior Knowledge and New Product and Service Introductions by Entrepreneurial Firms: The Mediating Role of Technological Innovation. Journal of Small Business Management, 50(1), 41–62. https://doi.org/10.1111/j.1540-627X.2011.00343.x

Course Syllabus