3 good reasons to study International Business with Law at Salford:
- A practical course with an international focus that offers the opportunity to gain a broad overview of international business, including the role of law in the sphere of international business, before specialising in your chosen area
- Develop expertise in both business and law
- Learn in an internationally-orientated environment with access to a global network of like-minded professional
This course is ideal if you want to develop your knowledge of business and law in an international context. Your learning will enable you to perform effectively in the development and implementation of international business strategy, which in turn will greatly enhance your employability. You’ll also become skilled at working alone and with teams to systematically and creatively apply theory and practical solutions that resolve international business problems.
Duration
MSc (Minimum 12 months, maximum three years)
Course Details
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Human Resource Management and Development in a Global Context
This module is designed to prepare students to undertake the role of a HR manager in an international context. To enable you to do this, you will examine the changing nature of organisations in a global context, and the debates around whether HR policy and practice is becoming truly global or whether national and cultural sensibilities prevent this. You will also be equipped with the skills needed to apply theoretical concepts relating to organisation design and development in practice.
Indicative Syllabus Outline
- Globalisation, multinational companies and international HRM
- The impact of institutions and culture on international HRM policy and practice
- Convergence and divergence of IHRM systems
- International training and development
- International pay and reward
- Global career managment
- Creating and designing organisational structures
- Culture, image and the purpose of organisations
- The evolution of organisational development as an area of HR practice
- Schools of thought on organisational change
- Fostering a ‘learning’ organisation
- International forms of employee engagement and participation
International Business in Practice
This module will allow you to understand the theory of cross-cultural interaction and different cultural identities and to see the ways in which these influence management practice in the areas of ethics, leadership, decision-making, communication and negotiation. The module includes a one-week overseas residential study period, during which you will visit a number of companies in different industry sectors and will have the opportunity to speak to practitioners about how they run their organisations and have internationalised their operations.
Indicative Syllabus Outline
- Theory, concepts and models of cross-cultural interaction
- Cultural identities and their impact upon business practice in the areas of leadership, decision making, communication and negotiation.
- Ethical challenges faced by managers when working in a multicultural environment.
- Overseas residential study and potential problem identification in further internationalisation of host organisations.
International Business Law
Depending on your current role or your future career aspirations, you may need a more detailed understanding of the role of law in the sphere of international business. This module will develop your understanding of how international trade and investment law influences a firm’s strategy and its international business operations, and the impact that the international legal environment has on wider societal interests such as the natural environment and human health. You will also acquire the skills needed to access, analyse and interpret legal and regulatory material in order to create strategic solutions for international expansion by a firm, taking into account the firm’s external and internal legal environments.
Indicative Syllabus Outline
- Principles and operation of the Law of the World Trade Organization
- Dispute settlement in the World Trade Organization
- General exemptions and preferential treatment to developing countries in the World Trade Organization
- Fundamental standards & operation, including arbitration, of International Investment Law
- Clauses for foreign investment protection in investor-state contracts
International Financial Management
Examine the impact of such factors as exchange rates, inflation rates and interest rates on the management of firms in an international/global context. You will be able to devise and evaluate a risk management strategy for the uncertain world of international financial markets using financial instruments such as swaps, options and futures. Emphasis is placed on factors that differentiate multinationals from domestic financial management. This module also offers the opportunity to develop practical analytical and presentational skills by applying theory and concepts to international financial databases.
Indicative Syllabus Outline
The International Perspective
- Globalization and the multinational firm
- International monetary system
- Balance of payments
- The market for foreign exchange
- International parity relationships
International Financial Markets
- The derivative market and hedging strategies
- Foreign direct investment
- International capital budgeting
- International portfolio investment and diversification
Financial Management and the Multinational Firm
- Multinational treasury management
- Current topics
Business Innovation Project
Dissertation: a conventional dissertation of 12,000 to 15,000 words, consisting of research question, aims and objectives, the rationale for undertaking the study, literature review, research methodology, analysis of findings, conclusions and recommendations