Study Guide

Learning outcomes

The student is able to
- acquire an understanding of how to evaluate a firm's readiness to internationalise and create international competitiveness
- acquire an understanding of market selection process and entry mode options
- develop skills to use decision-oriented framework when evaluating and choosing between different strategic options

Implementation and methods of teaching

Contact lectures, seminars and written exam at Lappeenranta Campus

Timing and attendance

According to the course timetable 16.9.- 1.12.2024 (Autumn holiday on week 43, no lectures)

Learning material and recommended literature

Material and literature will be announced in the first lecture.

Learning environment

Moodle learning platform
Classroom case lecturers and seminars

Student time use and work load

Course is 5cr = 135h student work

Lectures
Assignment(s)
Seminar
Written exam
Independent studying

Contents

The decision to go international
- Process
- Internationalisation theories
Deciding which markets to enter
- The political, legal and economic environment
- The sociocultural environment
- The international market selection process
Market entry strategies
- Criteria in choice of entry mode
- Different market entry modes

Additional information for students: previous knowledge etc.

Course 'AL00CE34 Global business environment and opportunities' or similar knowledge.

Assessment criteria

Assessment scale 0-5
Assignments
Written exam
Attendance in lectures/seminars

Assessment scale

1-5

Failed (0)

Failing to reach the level of 1 according to the evaluation criteria.

Assessment criteria: level 1 (assessment scale 1–5)

Sufficient (1)
Student is able to recognize the steps in internationalization process of the company. Student recognizes by name different internationalization theories. Student is able to collect some data concerning international business and global environment.

Assessment criteria: level 3 (assessment scale 1–5)

Good (3)
Student is able to explain the internationalization process and different internationalization theories. Student is able to collect and present relevant data concerning international business, and use the data in empirical cases.

Assessment criteria: level 5 (assessment scale 1–5)

Excellent (5)
Student is able to analyse and interpret internationalization process of a company. Student is able to analyse the internationalization theories and use theory in empirical cases broadly. Student is able to collect and present appropriate and extensive amount of data of international business and global environment.

Learning outcomes

The student is able to
- acquire an understanding of how to evaluate a firm's readiness to internationalise and create international competitiveness
- acquire an understanding of market selection process and entry mode options
- develop skills to use decision-oriented framework when evaluating and choosing between different strategic options

Implementation and methods of teaching

Contact and online lectures
Case studies
Individual reading tasks
Individual and group assignments

Timing and attendance

Lecture Attendance Policy:
Requirement: To complete the course successfully, you must attend at least 80% of the lectures. Compulsory attendance in the introduction and final presentation lecture.

Consequence: If you fall below the 80% attendance requirement, you will be unenrolled from the course.

Punctuality: Arrive on time for lectures. Check TimeEdit for your lecture schedule and follow it. Attendance registration will be done on Moodle at the beginning of each class by using the Moodle Attendance tool. Late entry to the classroom will be treated as equivalent to absence.

Assignment Deadline Policy: Late submissions will not be accepted

Activeness during the course contact sessions will affect the final grade positively

Learning material and recommended literature

Lecture notes from Moodle
Course related articles and cases provided by the lecturer
Course book: Hollensen, Svend: Essentials of Global Marketing.
Following parts:
- The decision to internationalize
- Deciding which markets to enter
- Market entry strategies

Alternative completion methods

There is no substitute work.

Working life cooperation

The course includes a project with a local company.

Learning environment

Moodle learning platform
Classroom case studies and lecturers

Student time use and work load

A student's estimated workload is 5 x 27 hours, consisting of contact lectures, individual reading tasks, different individual and group course assignments.
Estimated workload is the following:
-Contact lessons: 30 hrs
-Reading, preparation 20-25 hrs
-Individual and group assignments: 40-45 hrs
-Final group assignment: 40-45 hrs

Contents

The decision to internationalize
- Initiation of internationalization
- Internationalization theories
- Development of the international competitiveness
Deciding which markets to enter
- The political and economic environment
- The sociocultural environment
- The international market selection process
Market entry strategies
- Some approaches to the choice of entry mode
- Export, intermediate and hierarchical entry modes

Additional information for students: previous knowledge etc.

Basic marketing course:
Customer Relations and Marketing
or
Asiakassuhteet ja markkinointi

Assessment criteria

Defined in the first contact meeting:
- lectures and small group assignments
- case studies
- group work
Grading 1-5

Assessment scale

1-5

Assessment criteria: level 1 (assessment scale 1–5)

Sufficient (1)
- Student has achieved the objectives of the course sufficiently.
- The student demonstrates his / her theoretical knowledge of the subject area unclear.
- The student is able to apply some of the theories into practice.

Assessment criteria: level 3 (assessment scale 1–5)

Good (3)
- Student has achieved the objectives of the course in a consistent manner.
- The student demonstrates his / her theoretical knowledge of the subject area relatively clear.
- The student is able to apply theories into practice in a good way.

Assessment criteria: level 5 (assessment scale 1–5)

Excellent (5)
- Student has achieved the objectives of the course in an excellent manner.
- The student demonstrates his/her theoretical knowledge of the subject area in detail.
- The student is able to apply theories into practice in an excellent way.