Strategies and Management of International Business (SZF_094)
About Study Course
Objective
To create Master’s students’ understanding of current theoretical aspects of strategic management, to learn and analyse experience gained in Europe and Latvia, to develop understanding of business processes and their management from a strategic point of view, to learn to notice, analyse and use the opportunities offered by the European Union and other alliances.
Prerequisites
Business Administration/ Management (required), Strategic Management (recommended), understanding management processes and management experience (recommended).
Learning outcomes
After successful completion of the course, students will: recognise the basic principles of management science and economic systems; identify trends in their development in today’s international environment; will be familiar with the current terminology of strategic management; will understand the processes of globalisation and internationalisation as well as the nature and current developments of strategic management of international business; will be able to use the acquired knowledge creatively and according to the situation.
Students will understand the regularities of current economic development, financial indicators, principles and techniques of organisation of production and services, interests of business owners and other stakeholders and integrate them into the strategy; select and perform the analyses needed to develop the strategy; be able to manage change; communicate successfully with staff, partners, owners and other stakeholders; reasonably discuss the latest forms of work organisation and management information systems, offer progressive solutions in ensuring the management process, articulate organisational development goals, and prepare a development strategy for successful operation of the organisation in today’s globalised world by assessing company’s finances; communicate and collaborate successfully with the staff, partners, owners and other stakeholders.
Based on the theoretical and practical knowledge acquired, students will perform highly qualified professional functions in the effective management of the organisation and/or its structural units, analyse scientific literature in the field of strategic and change management, as well as formulate problems and offer well-grounded and scientifically sound solutions; using the knowledge and skills obtained in the planning and forecasting of the organisation’s effective operation in accordance with external environment requirements, developing a strategy, mission and objectives in the interest of stakeholders and ensuring efficient operations of the organisation in cooperation with other companies and stakeholders. Students will independently obtain, select, analyse and use information on a particular management science issue in the international economic and legal space; independently formulate and critically analyse professional problems, integrating knowledge from various fields of economics and business to find sound solutions in complex situations.
