Managing in a Global Economy (BUSA90555)

Intended learning outcomes

On completion of this subject, students should be able to:

• Analyse the financial and non-financial costs and benefits associated with conducting business activities overseas, such as expanding into new markets or engaging in international trade.
• Assess the suitability of different countries for conducting overseas activities, taking into account factors such as market size, economic stability, political climate, and cultural differences.
• Develop and execute a plan for launching a new overseas activity, such as establishing a new subsidiary or entering into a joint venture with a foreign partner.
• Understand the various options for financing overseas activities, such as equity or debt financing, and be able to select the most suitable option for a given activity.
• Identify and manage the risks associated with conducting business activities overseas, such as currency fluctuations, political instability, and cultural differences.
• Effectively manage an ongoing overseas activity, including overseeing operations, managing personnel, and ensuring compliance with local laws and regulations.
• Devise and execute a plan for exiting from an overseas activity, such as selling a subsidiary or terminating a joint venture agreement.

Generic skills

• Presentation skills
• Strategic thinking
• Work effectively in teams
• Business acumen