Postgraduate taught 

Finance & Management MSc

International Business and Entreprenership in Emerging Economies MGT5406

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 10
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

This course focuses on the current issues and debates in International Business, International Entrepreneurship and innovation in emerging economies. The focus of this module is on how different types of firms - multinationals, small and medium-sized enterprises, start-ups, and social enterprises - operate in emerging economies, which by their very nature are in a state of flux and change, thus, constitute distinctive environments for firms. By the end of this course students will be able to understand and appraise the challenges and opportunities when they work in countries with very different cultures, institutions, laws and levels of economic development.


The course will be delivered through 6 x 3-hour lectures over 3 weeks.

That is 2 sessions per week [6 sessions in 3 weeks]. Each session would be divided into 2 hours lecture and 1-hour workshop format [3 hours per session].

Excluded Courses





The course will be assessed through an individual assignment. 


The individual assignment entails a critical evaluation of the internationalization and entrepreneurial approaches utilized in the assigned case studies of firms operating in emerging economies. It will be a 2000 - 2500 word written essay that accounted for 100% of the final mark awarded. 

Course Aims

This course aims to provide an advanced examination of the different institutional contexts of emerging markets and to develop a critical assessment of the opportunities, risks and challenges that firms operating in these markets may encounter. This course examines the marketplaces of emerging countries from three interrelated areas: 1. Develops understanding and knowledge of the different contextual influences and dynamics of emerging economies compared to developed economies. 2. Evaluates the international business strategies and entrepreneurial practices implemented by firms from developed countries in emerging markets and the opportunities and challenges they face. 3. Examines the different internationalisation and entrepreneurial approaches adopted by firms from emerging countries to enter new markets, and to collaborate/ compete with firms from developed countries. Overall, students will develop a critical understanding of the complexity of conducting international business, entrepreneurship and innovation in the context of emerging markets.

Intended Learning Outcomes of Course

By the end of this course students will be able to:


1. Critically discuss theories and debate current issues in IBE and innovation in emerging economies (including national systems of innovation, informal economy, dysfunctional institutional contexts, etc).

2. Identify, analyse and assess the unique opportunities, challenges and risks in conducting business in emerging markets.

3. Evaluate and critique the internationalisation and entrepreneurial strategies and practices utilised by developed country firms operating in emerging markets.

4. Identify, distinguish and evaluate the challenges and opportunities that emerging economy firms (including emerging market MNCs, SMEs and Micro-MNEs, social enterprises) encounter as they internationalise into developed economies.

5. Understand strategic alternatives that emerging economy firms can deploy to upgrade their innovation capabilities to survive and grow in the modern economy.

Minimum Requirement for Award of Credits

Students must submit 100% by weight of the components (including examinations) of the course's summative assessment.