SHE Level 5
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MMN323989
Module Leader Claire MacRae
School Glasgow School for Business and Society
Subject Risk
  • B (January start)

Pre-Requisite Knowledge


Summary of Content

This module will enable students to understand the concepts and context of international business and critically analyse a wide range of risks e.g. managerial, cultural, political, ethical and economic which impact on these businesses. They will also evaluate a range of risk management strategies and tactics available to these international businesses.


Seven main areas: 1. International business strategy, organisation and risk minimisation. 2. Global factors, attitudes and approaches to risk. 3. National culture and its influence on risk 4. Financial and Foreign exchange risk management. 5. Social, ethical and environmental risks. 6. Global insurance programmes. 7. Political risk.

Learning Outcomes

On successful completion of the module, the student should be able to:1. Discuss the key concepts of international business operations and the opportunities and challenges of globalisation2. Critically analyse the risk-related aspects of international business strategy.3. Display a systematic understanding and be able to discuss why risk management may differ between countries.4. Critically analyse examples of how national culture may influence countries' management of specific types of risk.5. Evaluate a range of control methods for global risks.6. Examine, and be able to explain, the ways in which global insurance programmes and other risk financing techniques can support a risk management strategy.7. Critically discuss the management issues surrounding political risk, ethical risk and foreign exchange risk.

Teaching / Learning Strategy

The MSc Risk Management programme is focused on the development of both theoretical and practical business skills, and aims to engage students in analysis, research and discussion of contemporary, real life issues. The teaching and learning strategy aims to embed these attributes. All of the modules will be delivered on a campus-based and distance learning mode. For campus-based students, face to face contact involves three hours of class contact per week: normally 2 lectures and 1 seminar. Lectures will be used to highlight the key issues in a specific topic and point the way towards relevant journal articles and other appropriate literature. Students will be then expected to prepare for following week's lectures on each topic by engaging in literature searches, undertaking relevant reading and preparing responses to questions. The lectures will adopt a variety of teaching styles including seminar style contributions such as group discussion to enhance intellectual, critical and analytical skills. For more applied topics, students will be required to attempt relevant problem or scenario based questions prior to the lectures taking place, providing the basis for deepening professional skills, knowledge and understanding. Module classes are conducted in workshop format providing a mix of tutor led, student led and group learning. Practicals will also complement the face to face delivery of the module through such activities as specialist speakers and site visits related to project management. Distance learning teaching utilises paper-based learning materials with tutor support and Web-access to library resources. As part of the GSBS strategy of increasing the use of blended learning, for both campus and distance learning students, different blended learning mechanisms, such as Padlet and GCU's SMILE and SMIRK will be utilised .

Indicative Reading

Module Reader (supplied) Course text: Hill C, Udayasankar K & Wee C H (2014), Global Business Today, 8 th Ed, New York, McGraw-Hill Additional Texts: Cavusgill S et al (2013), International Business; The new realities, 3 rd edition, London, Pearson (available as an e-book in GCU Library) Eiteman D et al (2012), Multinational Business Finance, 13 th edition, London, Pearson Hamilton L & Webster P (2012), The International Business Environment, 2 nd edition Oxford, Oxford University Press Hill C (2014), International Business: Competing in the Global Marketplace, 10 th Ed, New York, McGraw-Hill Olsson C (2002), Risk Management in Emerging Markets, London, FT / Prentice Hall. Journals International Business International Business & Management International Business Review International Journal of Business & Society Journal of International Business Studies

Transferrable Skills

In addition to the attainment of the learning outcomes students will develop personal transferable skills in self-management, report writing, case study analysis, essay writing, problem solving and critical thinking.

Module Structure

Activity Total Hours
Independent Learning (FT) 100.00
Seminars (FT) 12.00
Assessment (FT) 56.00
Independent Learning (FDL) 144.00
Lectures (FT) 24.00
Assessment (FDL) 56.00
Practicals (FT) 8.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 2 n/a 50.00 45% Essay/Report (2000 words).
Coursework 1 n/a 50.00 45% Essay/Country Study (2000 words).