Postgraduate Course: Developing Knowledge-based International Businesses in Emerging Economies (CMSE11111)
Course Outline
| School | Business School |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 15 |
ECTS Credits | 7.5 |
| Summary | Familiarise students with the most salient facts concerning the role of emerging markets in the 21st century global economy and to provide them with crucial insights into the way firms in these countries can learn to upgrade their capabilities to survive and grow in the modern economy. Students should acquire a background of knowledge on the processes by which firms in emerging markets enhance their technological and innovation capacity; this knowledge should be sufficient to allow them to intelligently follow, and take part in, discussions on these issues, and to think creatively about how to apply the knowledge gained in real-life practice.
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| Course description |
The course will focus primarily on the relationships between Multi-National Corporations and domestic firms in emerging markets. In it, we will look at the strategies of both types of firms and how those strategies shape both collaboration and competition. We will examine technology transfer and the development of innovation capacity, to see how domestic players in emerging markets learn from their relationships with MNCs, gradually enhancing their ability to become independent players in the Global Knowledge-Based Economy. We will analyse the dynamics of these relationships, which can involve both co-operation (during which the emerging market firms learn first how to imitate) and competition (as they learn how to innovate and begin to do more of the things that the MNC partners have reserved for themselves in the past). We will consider successful examples of knowledge-based economy development from the Pacific Rim and then look at the lessons for China, India and the transition economies of Central and Eastern Europe.
Syllabus:
-The global Knowledge-Based Economy: The international and macro context
-Multinational Corporations in the global Knowledge-Based Economy
-The national context: National Innovation Systems and national comparative advantage
-Firms: knowledge and capabilities
-Learning by collaboration and competition
-How Central and East European post-communist countries, China and India are slowly entering the global knowledge-based economy
-Upgrading services in emerging markets
-Frugal innovation and 'imovation': Is the future of innovation in emerging markets?
-Knowledge-based entrepreneurship
Student Learning Experience:
In addition to the lectures, students will work in groups to prepare reports in which, using analytical tools derived from the course readings and other relevant material which they may find in the course of their research, they prepare a strategy for the enhancement of the competitive capabilities of a firm in an emerging market.
Tutorial/seminar hours represent the minimum total live hours - online or in-person - a student can expect to receive on this course. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group format. These live hours may be supplemented by pre-recorded lecture material for students to engage with asynchronously.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | For Business School PG students only, or by special permission of the School. Please contact the course secretary. |
Information for Visiting Students
| Pre-requisites | None |
| High Demand Course? |
Yes |
Course Delivery Information
| Not being delivered |
Learning Outcomes
On completion of this course, the student will be able to:
- Explain and critically evaluate the key concepts and approaches used in the analysis of capability upgrading and innovation processes in emerging markets,
- Apply the concepts to the analysis of choices facing real-life firms (whether they be domestically owned or MNC subsidiaries) and policy-makers operating in emerging markets.
- Find and analyse relevant literature on an issue related to technology and innovation in emerging markets
- Organise a coherent critical argument concerning that issue, amply supported with evidence from the relevant literature
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Reading List
Linsu Kim and Richard R. Nelson (eds.), Technology, Learning, and Innovation: Experiences of Newly Industrializing Economies, Cambridge University Press, 2000
Resource List:
https://eu01.alma.exlibrisgroup.com/leganto/public/44UOE_INST/lists/26181401720002466?auth=SAML |
Additional Information
| Graduate Attributes and Skills |
Cognitive Skills:
After completing this course, students should be able to:
-find and analyse relevant literature on an issue related to technology and innovation in emerging markets, and
-organise a coherent argument concerning that issue, amply supported with evidence from the relevant literature.
Subject Specific Skills:
After completing this course, students should be able to:
-carry out research on a topic and prepare an essay presenting the results of that research;
-make arguments on the issues dealt with in this course.
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| Keywords | IBEM-DKBEE |
Contacts
| Course organiser | Dr Richard Woodward
Tel: (0131 6)50 8345
Email: |
Course secretary | Mrs Fionna Grant
Tel: (0131 6)51 3028
Email: |
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