MM308-Institutions and Emerging Firms

Module Provider: International Business and Strategy
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn term module
Non-modular pre-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr Denise Tsang


Summary module description:

The global economic emergence of new competitors since the 1970s has re-shaped the rule of competition within the USA and Europe. It is therefore essential to have an understanding of the characteristics of firms originating from emerging economies.; this module therefore examines how the institutional constraints influences the nature, structure, culture and strategy of firms.

As the global economic dominance shifts away from the USA and Europe, an understanding of firms originating from emerging economies is essential. This module aims to introduce frameworks that allow description and understanding of national institutions and competitive dynamics related to emerging economies firms such as Brazil, Russia, India, China, Mexico, Turkey, Indonesia, South Africa and Chile. It aims to explore the features of emerging economies, their continuities and changes, as well as the associated opportunities and risks in relation to business operation. The module aims to provide students with an understanding of how managers can address challenges of different national institutions in product markets, labour markets and financial markets in the face of competition.

Assessable learning outcomes:

By the end of the Module students should be able to: • Discuss key models in which national institutions is conceptualized;

• Understand the political, economic, social and judicial situation encountered by firms in leading emerging economies

• Identify and explain the principal relationships between institution, competition and performance;

• Appraise and develop practical solutions concerning challenges arising for firms operating in different emerging economies.

• Locate and assemble information on the subject through their own work;

• Organise their material and articulate their arguments effectively in presentation and writing, under timed conditions.

Additional outcomes:

• Students will have to work both independently, and in groups, leading to the development of time-management and team working skills.

• Students will have to use relevant web resources and communication techniques, including blackboard and forum.

• Students will have to integrate their knowledge across modules and topics in case study work.

Outline content:

The module will introduce real-world case studies that highlight the contextual variations of national institutions and their impacts on the intensity of competition among firms. Topics may include:

• Institution, national context and emerging firms

• Country Risks and Opportunities

• Guanxi and the growth of Chinese software industry

• National innovation systems and Israeli born-global firms

• Oil and gas on the Russian shelf

• Country advantages and the development of medical tourism in Thailand

• Competitive strategy and the globalization of Chilean wine

• Management transfer in the Islamic context

Brief description of teaching and learning methods:
The learning will be based on one 2-hour session per week over ten weeks in lecture, case study seminar or workshop format. Group presentations in relation to selected aspects of national institution will take place during these times together with question and answer sessions. Students are expected to read key references and to do a significant amount of independent research using the internet, journals, and academic references.

Contact hours:
  Autumn Spring Summer
Lectures 10
Seminars 10
Practicals classes and workshops 2
Guided independent study 178
Total hours by term 200.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 70
Written assignment including essay 15
Oral assessment and presentation 15

Other information on summative assessment:

Formative assessment methods:

Penalties for late submission:

The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.
  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:
    One 2-hour seen case study exam.

    Requirements for a pass:
    A weighted average mark of coursework and examination of 40%.

    Reassessment arrangements:
    By examination only (one 2-hour seen case study) in August/September. Coursework will not be included in the re-assessment.

    Additional Costs (specified where applicable):


    Last updated: 31 March 2017

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