22038-V Firms and Business Environments, 6 cr

Intermediate studies
Teaching language: 
Course Description: 

The aim of the course is to develop students’ understanding of firms, particularly multinational corporations (MNCs), and the business environments in which they operate. This course examines international business issues from management, organisation, and political economy perspectives. At the end of the course, students are expected to be able to describe key concepts and models related to international business and international management, as well as to be able to apply these concepts and models to critically analyse situations and develop solutions to problems related to international business.

Learning Goal: 

You have broad knowledge of central theories, concepts and models related to organization of multinational firms and business environments.

After completing the course, you will be able to: 
  • identify alternative modes of market entry into foreign markets
  • acknowledge the political and institutional forces driving and shaping business in different environments
  • detect different strategies of MNCs
  • describe cultural differences and their business and economic implications
  • identify ethical issues faced by MNCs
International Learning Experience: 

The course discusses various types of multinational corporations and key differences between business environments in different countries

Total Student Workload: 

160 hours divided into 
Scheduled contact hours: 28 h
Non-scheduled work hours: 132 h


Lectures 16 h, seminars 8 h (mandatory participation), and in-class group presentations 4 h (mandatory participation), self-study 132 h (including readings, one group assignments, and individual short essays).

Literature and Course Material: 

Hill, C. 2011. International Business: Competing in the Global Marketplace. Boston: McGraw-Hill (8th edition or later)

Lecture slides and other literature (scientific articles) as specified by the instructor (see Moodle for details)


One group assignments (50 %) in which students analyze given business environments and multinational companies
Individual essays where students analyze case study in preparation for seminars (30 %)
Lecture and seminar attendance (20 %)

At least 50 per cent (‘pass’) is required for all the elements of the assessment in order to pass the course.

Please note that the points you receive for the sub-parts are valid only for one academic year.

Recommended Time of Performance: 

Third year of Bachelor's studies

Equivalent Courses: 

Students who have passed the earlier course International Business (8 credits, course code 1889-V) cannot take this course.

Non-degree studies (Open University, JOO and Contract Studies): 

Open university quota: 3
Quota for JOO-students: 3


Will be announced later

Additional Information: 

More detailed description of the course is available on the course page in Moodle.

If you have questions about the course, please e-mail vaiva.stanisauskaite(at)hanken.fi