Subject description for 2024/25
International Business Strategy
ORG2001
Subject description for 2024/25

International Business Strategy

ORG2001
After completing the course, students will possess the knowledge of key concepts and theories in strategic studies, be able to demonstrate an understanding of how businesses, primarily small and medium-sized enterprises formulate and implement strategies, be able to develop appropriate strategies in relation to human resources / knowledge, market and competitors, locate, assess and refer to information and technical material and present it so that it highlights a strategic issue and master the relevant professional tools, techniques and forms of expression.
The course is only open to students on the bachelor's programme in business administration.

Knowledge

The student should have a broad knowledge of:

  • strategy and strategic management
  • strategic purpose / objectives
  • strategic analysis: external factors
  • strategic analysis: internal factors (abilities and competencies)
  • business strategy (including ICT's role)
  • business models (including ICT's role)
  • corporate strategy and diversification
  • internationalization
  • innovation Strategy
  • vertical and horizontal integration
  • mergers, acquisitions and alliances
  • strategy implementation
  • how to update her/his knowledge in the field of strategy

Skills

Upon completion of the course, students should be able:

  • understand and do elementary strategic analysis (internal and external factors)
  • understand and formulate strategic purpose / goals
  • understand business strategic analysis and implementation- including, ICT's role and use of artificial intelligence
  • understand what a business model is, and various existing models.
  • able to understand the ICT's role in the new business models
  • understand the concepts behind the corporate strategies and diversification
  • understand concepts behind international strategy
  • understand the concepts behind the innovation strategy
  • understand strategy implementation, including implementation problems that may arise.
  • be able to update their knowledge in strategic management

General Knowledge

Upon completion of the course, student will have:

  • insight into the area of business strategy - and relevant ethical issues
  • the ability to convey key strategic issues and solutions both in writing, orally and through other relevant forms of expression with others with the same backgrounds in business and thereby contribute to the development of good practice.
  • the ability to plan and execute a variety of strategy related projects that extend over time, alone and in groups, and in line with ethical requirements and guidelines.
  • The ability to exchange views and experiences with others with backgrounds in business management and thereby contribute to the development of good practice
  • the basic knowledge of internal and external analysis
  • the basic understanding of strategy formulation
  • the basic understanding of business models
  • the basic understanding of corporate strategy
  • the basic knowledge of strategy implementation
Paid semester fee and syllabus literature. It is also required that students have a laptop at their disposal.
Compulsory, elective course
Lectures, group work, use of artificial intelligence and case studies.
The study programme is evaluated annually by students by way of course evaluation studies. These evaluations are included in the university's quality assurance system.

All support materials allowed. Generating an answer using ChatGPT or similar artificial intelligence and submitting it wholly or partially as one's own answer is considered cheating.