In this course, students learn core theories of internationalization, grounded in strategic management concepts, to make decisions on the ways in which firms can expand and adapt across borders.
Firms and organizations internationalize to pursue new markets, exploit economies of scale, and to obtain both strategic and natural resources. The internationalization process, however, comes with challenges. Before engaging in either cross-border franchising, licensing or foreign direct investment, firms must analyze their competitive position to determine if they can go, where to go, how to go, and how to establish themselves upon arrival. In this course, students will learn theories of internationalization within the context of strategic management theories and apply the associated theoretical frameworks to internationalization decision-making.
- Strategic management theories (institutional industry and resource-based view)
- Institutional differences and distances
- Dunning's eclectic paradigm (Ownership Location and Internalization)
- Strategic intent
- Internationalization risks
- Globalization and national responsiveness (global versus local)
- Entry modes and establishment modes
- Firm international strategies and organizational forms
- Internationalization of different types of organizations (e.g. for-profit firms state-owned firms emerging economy firms born globals digital firms non-profits social enterprises NGOs and family-businesses)
- Special topics on internationalization such as sustainability CSR and Human Rights