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| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory (also offered as elective) |
| Level |
Bachelor |
| Duration |
One Quarter |
| Start time of the course |
Fourth Quarter, Summer |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for Global Relations
|
| Programme |
Bachelor of Science in International
Business |
| Course
coordinator |
- Thomas Lindner - Department of International Economics,
Goverment and Business (EGB)
|
| Main academic
disciplines |
- Globalisation and international business
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| Teaching
methods |
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Last updated on
06-06-2025
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| Learning objectives |
Learning objectives – after completing the course
students should be able to:
- Characterize and describe the global risk environment of the
firm
- Identify, measure and monitor multinational financial and
economic exposures
- Analyze alternative hedging strategies to deal with financial
and economic exposures
- Identify fundamental operational and strategic risk exposures
and assess their potential effects in future global business
scenarios
- Assess alternative ways to deal with operational and strategic
risks under uncertain and unpredictable global market
conditions
- Consider proper governance of the risk management process in a
multinational enterprise that operates across turbulent global
markets
- Determine accepted principles of professional business conduct
considering broader stakeholder concerns and societal issues
- Understand the role of ethics and corporate values related to
responsible business practices
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| Examination |
|
Risk
Management of Multinational Enterprise: Creating Global Strategic
Responsiveness:
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| Exam
ECTS |
7,5 |
| Examination form |
Home assignment - written product |
| Individual or group exam |
Individual exam |
| Size of written product |
Max. 10 pages |
| Assignment type |
Report |
| Release of assignment |
The Assignment is released in Digital Exam (DE)
at exam start |
| Duration |
72 hours to prepare |
| Grading scale |
7-point grading scale |
| Examiner(s) |
One internal examiner |
| Exam period |
Summer |
| Make-up exam/re-exam |
Same examination form as the ordinary exam
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Description of the exam
procedure
At the end of the course, the students are required to complete
an individual 72-hour take-home exam in the form of written answers
to posed questions reported on max 10 text pages. The final
exam report requires that students explain the theoretical
rationales for essential risk management issues specified in the
exam related to the general course contents, case companies studied
during the course, and other relevant examples.
The grading of individual exams will consider the clarity,
structure and supportive evidence displayed in the submitted report
with respect to the course contents and the listed learning
objectives. The responses should use tools, models, theories, and
logical reasoning deduced from the course and other relevant
sources based on clearly defined concepts. Any deductions
should be supported by proper references and/or convincing
argumentation and evidence including information and data from
public sources.
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| Course content, structure and pedagogical
approach |
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The course will discuss different financial, economic,
operational, and strategic exposures faced by multinational
organizations engaged in global business activities and considers
how the underlying exposures and risk events can be managed. The
risk management topic is perceived from different functional
perspectives including international financial management,
insurance, management accounting, global value-chain management and
multinational corporate strategy. A number of formal risk
management frameworks and standards designed to address
identifiable risks are discussed. These approaches are extended to
also consider the ability to deal with uncertainty and unexpected
events. There is further considerations of effects imposed by core
values and responsible multinational management.
Conventional risk management techniques are introduced from
different academic disciplines, such as, financial economics,
accounting, operations management, organizational behaviour,
cognitive psychology and international business strategy. The
course will integrate diverse contributions to better understand
the multifaceted underpinnings of the field including formal
Enterprise Risk Management (ERM) frameworks and more unconventional
perspectives of High Reliability Organizations (HROs) and strategic
risk-taking approaches.
The course will introduce conventional views on risk management
from articles, book chapters, reports, and selective case studies
but will also extend the scope towards effective management of
unpredictable events in the turbulent global business
environment.
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| Research-based teaching |
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CBS’ programmes and teaching are research-based. The following
types of research-based knowledge and research-like activities are
included in this course:
Research-based knowledge
Research-like activities
- Development of research questions
- Discussion, critical reflection, modelling
- Activities that contribute to new or existing research
projects
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| Description of the teaching methods |
The class sessions attempt to combine on-line
lectures with open discussions (as far as possible) with active
student involvement around some group activities where students are
assumed to be familiar with the assigned course readings for more
fruitful class engagement.
Students are expected to work diligently to prepare for each of the
class sessions working in assigned groups on course readings,
cases, and analyses as a productive way to prepare for the final
exam |
| Feedback during the teaching period |
| The lectures attempt to be interactive requiring
students to participate actively in class discussions on course
readings and case analyses that generate in-class feedback.
Considering the size of the class, feedback from teachers is
supplemented by peer-to-peer interactions in group work. Online
tools for group work and quizzes will be used to facilitate both
interactions. In addition, office hours will be offered by the
course coordinators, although these are not intended to be a
substitute for participation in classes. |
| Student workload |
| Lecturers |
39 hours |
| Preparartion + exam |
164 hours |
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| Expected literature |
|
The course material will comprise various course notes, academic
articles, policy reports, working papers and case studies made
available on-line.
Other readings
Andersen, T. J. Global Derivatives: A Strategic Risk
Management Perspective, Pearson Education, Harlow, UK,
2006. (ISBN: 978-0-273-68854-9)
Andersen, T. J., Garvey, M. and Roggi, O., Managing
Risk and Opportunity: The Governance of Strategic Risk-Taking,
Oxford University Press, Oxford, UK, 2014. (ISBN:
978-0-19-968785-5)
Andersen, T. J. Hallin, C. A. Global Strategic
Responsiveness: Exploiting Frontline Information in the Adaptive
Multinational Enterprise (Strategy
Matters), Routledge, London, UK, 2017. (ISBN:
978-1-13-810463-8)
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