Objectives
This course provides top-level academic theory and professionally relevant education for students with a desire to break into a valuable career in international business. The curriculum is built to enable you to face the challenges of a complex global and interconnected world. Differences between countries and their markets have remained a major stumbling block for employees and managers venturing abroad. Success abroad requires tools to reduce this key threat and our curriculum will provide you with these tools.
You’ll study the foundations of international business and management and you’ll also have an opportunity to apply learning through a compulsory project and a choice of specialist electives from the Bayes master’s portfolio. The project will have a mandatory international focus which you’ll independently plan, initiate and successfully conduct. The project is intended to enable you to develop key leadership qualities, competencies and skills.
You will benefit by learning from one of the most diverse faculty globally with world-class international business expertise, research and thought leadership. Our London location offers uniquely close links to international businesses – providing you with access to industry practitioners and guest speakers from the City.
Structure
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Develop a strong grasp of international business principles and how they are applied across different international business contexts
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Develop a specialised understanding of international business management in a variety of industries and business settings such as multinational companies, SMEs or emerging markets
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Develop a wide range of skills (including cross cultural management) required to function effectively when doing business across borders
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Be able to gauge and judge the potential impact of relevant global influences and drivers and technology changes to international business practices
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Develop your own global network of peers and professionals through the Bayes facilitated special blend of academic and experiential learning
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Seize the opportunity to develop your own specialisation in an international business discipline.
Induction weeks
All of our MSc courses start with two compulsory induction weeks which include relevant refresher courses, an introduction to the careers services and the annual careers fair.
Term 1
Core modules:
Provides four modules on the foundations of international business and management.
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International Business and Economics
The aim of this module is to give you a sound foundation to international business and explains why and how firms internationalise as well as ensuring that you understand the global opportunities and threats available to companies and the challenges that international business practitioners are likely to face. The course also provides you with practical understanding of the tools and language used by economists to analyse the functioning of economies and networks of economies as a whole (macroeconomics).
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Managing People in a Global Context
This module firstly, provides an understanding of the behaviour of individuals and groups in cross cultural situations. Secondly, provides a critical understanding of the role and practice of human resources management in an international corporate context.
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Managerial finance and accounting
The aim of the module is to equip you with a foundational understanding of financial and accounting techniques and practices that are relevant for your international business career. When seeking a career in international business you need to have a thorough understanding of the fundamental principles in accounting and finance. The accounting and finance module is designed to teach key areas of accounting and finance that every modern and successful international manager should be aware of.
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Research Methods & Business Analytics
This module provides a set of analytical and methodological tools that will be fundamental and relevant for carrying out research projects in an international business setting based on empirical data. The module will also introduce you to some of the most important statistical tools used in business analytics, focussing on descriptive and predictive analytics. The focus is on application and interpretation of the tools and results.
Term 2
You have the option to begin specialising your content through a combination of core offerings and electives.
Core modules:
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Strategy in a Global Context
This module will assist each student in developing a strong foundation in strategy relevant to your future career in international business. The module will make it possible for you to appreciate the complexity of strategic decision making, develop advanced international strategy analysis skills, and equip you with analytical tools, up to date conceptual frameworks, and experiential learning that brings to life insights from leading edge academic research
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Global Leadership
The purpose of this module is to facilitate your understanding of leadership in a global context. This will be achieved by introducing you to theoretical approaches to leadership and then move to explore leadership in a global context and in different contexts with the aim of encouraging you to reflect on your own role as an international business leader. A key aspect of the module will be to reflect on different leadership styles and how these may need to vary across different international work settings.
Elective modules
You may choose any two electives from the below.
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International Marketing
The aim of the module is to provide you with a sound understanding of the principles and strategies that underpin international marketing. In a nutshell, understanding international marketing comes down to understanding how the scope and challenges that arise from cross country differences impact our understanding of your customers and how they may be effectively served.
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Global Supply Chain Management
This module provides an analytical emphasis of core operations management (OM) and supply chain management (SCM) knowledge relevant for the international business manager. In the increasingly globalised industries of today, the challenges of managing processes, operations and supply chain that span across different countries and locations is one of the most important tasks of a modern enterprise. Therefore, having a thorough understanding of these two areas is critical to your success in international business.
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Multinational Finance
This module aims to allow you to get a solid grasp of the following topics: international trade and the multinational corporation, the global FX and derivatives markets, FX risk and currency exposure, use of derivatives and cash market hedges to mitigate FX exposure, international loans and bond issues, swap-driven financing, natural and real hedges and other strategies to mitigate long-term operating risks.
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Entrepreneurship & managing growth in a global context
The main aim of this module is to provide a distinct understanding of why and how the considerable energy and risk of domestic entrepreneurship is considerably compounded in global entrepreneurship. The course is therefore a careful blend of the basic and essential issues in entrepreneurship with how these relate to international entrepreneurship. Hence, the course provides some of the skills you will need to become an international entrepreneur or to act entrepreneurially within existing international business organisational settings. This is an integrative module addressing both the theoretical and practical issues of entrepreneurship.
Term 3
You have the option to further specialise and apply your content through a combination of core offerings and electives.
Core modules:
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International business research project
This module allows you to demonstrate, by conducting an independent internationally focused research project, your ability to integrate and apply concepts and techniques you have learned in international business in an in-depth study of a topic of your choice, and to organise your findings in a report. The project, is aimed at developing international business leadership qualities, skills and competences. You are required to independently plan, execute an internationally focused empirical research project all conducted within a given time limit.
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Global Issues in CSR
The module provides an introduction to the interactions between global business and society and explores the changing role and responsibilities of the multinational firm in the 21st century. The goal of the module is to provide you with an overview of the current issues and prospects with regard to the expectations of society towards business, and with contemporary social and environmental issues in global business.
You will also take any two electives from the Bayes-based or internationally delivered electives across all master’s degrees.