ITALIAN and ENGLISH for the frontal lessons
Introduce students to international strategic planning and entry choices. Analyze the different theories in order to understand the factors affecting firms choices. Considering the challenges connected to intercultural management. Analyze the main risks of internationalization and the hedging instruments for currency risk. Introduce students to the management of international operations and activities. At the end of the course students will be able to plan an international strategy, to understand the main steps and challenges of strategic planning, to evaluate opportunities and risks of foreign markets, to understand the main challenges connected to the organization and management of foreign activities
It’s useful that students have a basic knowledge of business management, and are familiar with strategy and value chain.
I block (18 hours):
Theoretical background and evolution of the theoretical approaches.
II block (18 hours):
The internationalization process (analysis of foreign markets, analysis of the risks connected to the entrance into the target market, entry choices, the effects of culture on international management).
III block (18 hours)
Case studies analysis and project works. Students are divided into groups. Each group has to define the internationalization strategy of a specific firm into a given foreign market. Students will show their analysis, highlight the main opportunities and risks, suggest an entry choice. They will also explain which theory is useful to interpret the case they have analysed.
IV block (18 hours):
The financial management of international firms: Renvoicing and netting centers, and hedging instruments (future, option and currency swaps).
The course discusses the impact of globalization on international management and on international competition, the international theories, strategy formulation, entry choices, the management of international activities, the impact of culture on communication and HRM, the financial management of international firms.
The course is organized with traditional frontal lessons, case studies analyses, project works, discussions on specific topics, exercises. The first part is characterized more by frontal lessons and discussions on cases, videos, and papers. The second part is dedicated to the project works. Students build up teams and develop the international strategy of a specific firm in a given market. This is very useful to apply the theoretical knowledge to empirical situations.
Hill, International Business, Mc-Graw Hill
Chapters: 1, 3, 5, 7, 9, 12, 13, 14, 15, 16, 17, 18, 20
Additional reading will be provided during the course
Final assessment is based on a written test consisting of open questions about the topics covered in the program and an oral exam as well