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In particular the course deals with the nature and determinants of ‘globalisation’, paying attention to the cross-border operations of firms. It explores reasons behind the growth and cross-border expansion of firms and it analyses the various modalities of cross-border activity, such as exports, licencing-franchising, inter-firm co-operation (such as strategic alliances and joint ventures), and foreign direct investment (FDI) by Multinational Enterprises (MNEs), alongside the conceptual foundations behind the choice between such modalities.

The course also explores main strategies for value capture by MNEs, notably in the context of cost efficiency versus adaptability. It also examines alternative paradigms on national competitiveness, and the role of FDI in their context. The course concludes with an assessment of the record, so far, and future prospects, of globalisation and the MNE.

At the company level, while studies of international business have always been dominated by the large multinational company, new forms of international enterprises are being developed by the emerging economies. The concept of the born-global firm is prominent among these relatively new forms. In addition, the demands of the environment are inducing changes in business activities. For example, greater emphasis is placed upon innovation, sustainable development, the impact of emerging markets, and the influence of people on business approaches. These challenge the existing theories on international companies and their behaviours.

Therefore, the course examines the environment firms operate in from multiple perspectives to better illustrate the complexity of issues firms face today. For example,

• Introduction to the nature and determinants of globalisation
• Modalities of cross-border expansion and conceptual foundations that inform their choice
• National

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