LV-Leiter/in | Assoz.Prof. PD Dr. Jakob Müllner |
Planpunkte Bachelor | SBWL Kurs III - International Business Course III - International Business Kurs III - International Business |
Semesterstunden | 2 |
Unterrichtssprache | Englisch |
Termine | ||||
Di, | 05.03.2024 | 09:00-11:00 Uhr | Online-Einheit | |
Di, | 12.03.2024 | 12:00-16:00 Uhr | TC.0.01 (Lageplan) | |
Do, | 14.03.2024 | 12:30-16:30 Uhr | TC.3.03 (Lageplan) | |
Di, | 19.03.2024 | 15:30-19:30 Uhr | D2.0.326 (Lageplan) | |
Do, | 21.03.2024 | 17:30-21:30 Uhr | D5.1.003 (Lageplan) | |
Di, | 09.04.2024 | 17:00-20:00 Uhr | Online-Einheit | |
Di, | 16.04.2024 | 16:00-20:00 Uhr | D2.0.374 (Lageplan) | |
Termindownload (ical) | Termine abonnieren |
Weitere Informationen | https://learn.wu.ac.at/vvz/24s/5347 |
Kontakt: | ||
jakob.muellner@wu.ac.at | ||
Inhalte der LV: | ||
Just like large multinational corporations, SMEs venturing in international markets face liability of foreignness. Unlike MNEs, however, SMEs are less diversified, dispose of fewer resources and commonly have less knowledge about foreign markets. Hence, the liability of foreignness is exacerbated by, what could be referred to as “liability of smallness”. To overcome these liabilities, internationalizing SMEs require a clear strategy and professional risk management. These country-related risks include, but are not limited to credit risk, political risk and socio-cultural risks. Most importantly, SMEs internationalizing into foreign markets face exchange rate risks. Despite disproportional exposure to exchange rate risks, “Many SMEs fail to grasp foreign exchange risk. (Bolshaw, 2013)”. In a study conducted by Giambona et al. (2018), 48% of non-financial firms rate foreign exchange risk as the most important or a material risk in international business. The course covers SMEs’ risks in internationalization with particular focus on the financial and strategic management of exchange rate risks. This course is designed to teach students (a) the theoretical frameworks necessary to understand exchange rates' effects on firms (b) familiarize them with internal, contractual, external and strategic hedging instruments and (c) systematically reflect on the challenges of SMEs operating in multiple currency areas.In addition to these traditional treasury strategies, the course includes an extensive discussion of organizational issues in SME risk management and long-term strategic remedies for reducing the risks of internationalization. |
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Lernergebnisse (Learning Outcomes): | ||
During the course, students
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Regelung zur Anwesenheit: | ||
Students must attend ALL mandatory sessions & online components. |
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Lehr-/Lerndesign: | ||
The course combines several learning components: |
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Leistung(en) für eine Beurteilung: | ||
· Online learning assignments 15 % · Case Study 15 % · Final exam (individual): 70 %
Your grade will be based on your final score, as follows:
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Teilnahmevoraussetzung(en): | ||
Registration follows LPIS system and the "Waiting List" System. |
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