MG211: The International Business Environment

Session: Two
Prerequisites: Introductory level business, management or economics

Dr Emanuel Ornelas

In this course we examine the international business environment in which the top management of international companies define whether and how to break into different foreign markets and make strategic decisions in an international context. 

The analysis relies on theoretical concepts, empirical evidence, and a broad understanding of international institutional environments. Case studies illustrate and advance the theoretical analysis developed in the lectures.

Topics covered include: 

  • Recent trends in the process of globalisation
  • International differences in the costs of doing business
  • Management practices across the world and their business implications
  • Trading in the context of the World Trade Organisation
  • Import tariffs, anti-dumping duties and other obstacles to exporting
  • The growth of regional trading blocs and their business implications
  • Trade financing
  • Exchange rates and foreign exchange risk
  • Export strategies
  • A taxonomy of foreign direct investment
  • The costs of and the benefits from becoming a multinational firm
  • Other modes of foreing entry: franchising, licencing, joint ventures
  • The influence of national cultures and trust
  • Outsourcing and global production chains.


Main text:
Charles W. L. Hill, International Business, 9th edition, McGraw-Hill Higher Education, 2013

Lectures: 36 hours    Classes: 12 hours
Assessment: Class activities and one written examination