Undergraduate Course: International Marketing (BUST10067)
Course Outline
| School | Business School |
College | College of Humanities and Social Science |
| Credit level (Normal year taken) | SCQF Level 10 (Year 3 Undergraduate) |
Availability | Available to all students |
| SCQF Credits | 20 |
ECTS Credits | 10 |
| Summary | Few companies these days could claim to be purely domestic. While the firm may confine its activities to the domestic market, the market itself is unlikely to be so restricted and may be served by firms head quartered in or operating from a number of other foreign countries or regions. Knowledge of international issues is therefore of vital importance to all firms whether they are actively involved in marketing in foreign markets or have foreign competitors at home. The increased scope, risk and complexity faced by the international marketer is due to the increased level of uncertainty from operating in diverse and less understood environments. The discussion of international marketing issues in this course is related to the international marketing decision-making process at three levels; (a) the macro level at which country selection decisions are made; (b) national level at which market entry decisions are made; and (c) market level where marketing mix decisions are made. |
| Course description |
The first emphasis will be placed on the challenges presented by the international marketing environment, and the identification of opportunities and threats emerging from diverse cultural, economic, demographic, political/legal, and competitive environments. The second emphasis will be placed on the investment decisions in the foreign market(s) including the Foreign Market Entry Modes (FMEM). This includes; exporting; licensing and franchising; contractual agreements; joint ventures; wholly owned subsidiaries; and strategic alliances. The choice amongst these alternative foreign market entry and development strategies is a key issue in international business, since the market servicing mode adopted will have a major impact on the costs, risks and return associated with firms international expansion; and overall performance. Finally the third emphasis, which is particularly important in this course, will be placed on the firm's ability to develop, offer and effectively manage the marketing mix programmes in typically complex international environments.
Syllabus
Introduction to the Course
Discussion of the continuous assessment project
International Marketing Environment Analysis
Market decisions in International Marketing
SMEs and international marketing
International Product/Service Management
Pricing for International Markets
International Distribution Management
International Marketing Communications
Revision and Exam Tips
Student Learning Experience
The course aims to provide a comprehensive overview of international marketing issues, and instil an appreciation of the international business and marketing environment. It is taught using a combination of lectures, guest speakers, videos, case study analysis and class discussions. To enhance the appreciation of the key challenges in international marketing, major entry modes available to international companies and the issues raised by the management of the marketing mix, formal lectures, mini case discussions and videos are scheduled. These activities will be undertaken in the class in an interactive manner by the lecturer and student groups.
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Information for Visiting Students
| Pre-requisites | Visiting students should have at least 3 Business Studies courses at grade B or above (or be predicted to obtain this). We will only consider University/College level courses.
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| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2017/18, Available to all students (SV1)
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Quota: None |
| Course Start |
Semester 2 |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
200
(
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
196 )
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| Assessment (Further Info) |
Written Exam
60 %,
Coursework
40 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Continuous assessment: (group - based) report of up to 3000 words will account for 40% of the final grade, 10% of which will be adjusted from peer assessment marks using WebPA.
In addition to the continuous assessment project, the course will be assessed by a degree examination in the April /May exam diet. It should be noted that all sessions are examinable in the degree examination.
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| Feedback |
Generic feedback on your coursework, together with individual marks, will be available on Learn.
Your examination marks will be posted on Learn (together with generic feedback and examination statistics) as soon as possible after the Boards of Examiners' meeting (normally early-mid June). During the summer months (i.e. mid/end June - end August), you may come into the Business Studies Office (Room 1.11, Business School, 29 Buccleuch Place) to look at your examination scripts. Note that you will not be able to remove any examination scripts from the UG Office as they may be required by the Board of Examiners.
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| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Understand and discuss critically the nature of international marketing and appreciate the difficulties of conducting marketing activities in foreign markets.
- Critically evaluate the potential of international markets, identify market opportunities and assess challenges in foreign markets
- Critically appraise the alternative foreign market entry modes available to companies
- Understand and discuss critically how to manage the firm's International marketing mix in foreign markets
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Reading List
Core Text:
Doole Isobel and Robin Lowe (2016), International Marketing Strategy: Analysis, Development & Implementation, 7th edition, Thomson Learning, London..
USEFUL JOURNALS
Material on international marketing is contained in Journal of International Marketing, International Marketing review, Journal of International Business Studies, Journal of World Business, and the main marketing journals. Country reports are provided by the Economist Intelligence Unit, OECD, the CIA and the World Bank. A variety of market reports are available in The National Library Commercial Section.
USEFUL WEBSITES:
Business Week http://www.businessweek.com/
CNN http://www.cnn.com/
Economist http://www.economist.com/
Financial Times http://www.ft.com/
Newsweek http://www.newsweek.com/
The Wall Street Journal http://www.wsj.com/
Global Market Information Database http://www.euromonitor.com/gmid.asp
Harvard Business Review http://www.hbsp.harvard.edu/
Journal of International Business Studies http://www.jibs.net/
Journal of International Marketing http://www.marketingpower.com/content1055C364.php
OECD http://www.oecd.org/home/
United Nations http://www.un.org/
World Bank Publications http://publications.worldbank.org/ecommerce/
WTO World Trade Organization http://www.wto.org/
Fortune Global 500 http://www.pathfinder.com/fortune/global500/
Statistical Abstract of the USA http://www.census.gov
Stat-USA Databases http://www.stat-usa.gov/stat-usa.html
The World Factbook (CIA) www.odci.gov/cia/publications/factbook/
Useful Link for IB Topics http://wtfaculty.wtamu.edu/~sanwar.bus/otherlinks.htm
Global Edge Resource Desk http://globaledge.msu.edu/ibrd/ibrd.asp
Going-Global http://www.going-global.com/
Advertising Age International http://adage.com/international/daily/index.html
Country Reports http://www.countryreports.org/
Culture and Languages http://gamma.sil.org/ethnologue/
Various International Links http://csf.colorado.edu/isa/sections/io/internet.html
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Additional Information
| Graduate Attributes and Skills |
Cognitive Skills
1. Critically evaluate key international marketing concepts, theory and practice.
2. Demonstrate an understanding of the advantages and disadvantages of each entry mode and the major strategic and operational issues associated with them.
3. Critically evaluate a firm's international marketing strategy and marketing mix decisions.
Transferable Skills
1. Be able to analyse international marketing cases and provide appropriate solutions to the challenges of operating in international markets.
2. Apply theoretical frameworks to real-world marketing situations and recommend appropriate entry mode options and suitable international marketing mix strategies.
3. Effectively communicate your analysis of international marketing situations to others in small groups or to the whole class.
4. Demonstrate your understanding of specific entry mode concepts under examination conditions, by drawing upon relevant reading and examples.
5. Develop analytical skills in reading case studies, scenarios & international business press
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| Additional Class Delivery Information |
1 lecture (2 hours) every week |
| Keywords | IM |
Contacts
| Course organiser | Dr Essam Ibrahim
Tel: (0131 6)50 8496
Email: |
Course secretary | Miss Anastasia Fliatoura
Tel: (0131 6)50 3826
Email: |
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