International Business in Context
For Executive MBA students, this is an optional element of the programme. It attracts an additional fee, details of which will be confirmed in the Autumn Term of Year 2. As indication of costs, the fee for the 2012 study tour was £2,200.
For Full-time MBA students, it is a core module, taken by all students, and costs are therefore covered within the programme fees.
Duration and timing: 7-10 days, Summer Term
Drawing on LUMS’s links with leading management schools around the world, this module involves a short but intensive study visit to a rapidly developing economy, enabling you to learn first-hand about aspects of international trade and business management. As both Executive and Full-time MBA students take part in this study tour, it provides an excellent opportunity to extend your networks outside your own class.
The module combines formal learning in the locally-based partner institution with experiential learning and direct observation of local business environments via a series of company and organisational visits.
The module will develop your understanding of the particular economic and business problems associated with rapidly growing economies. It will also encourage you to reflect on the social, cultural, ethical and management issues which arise when managing companies which operate in such economies, including the special problems facing MNEs.
The links LUMS has with leading schools around the world mean that the countries to be visited may vary from year to year, but there will typically be a choice of two or three countries each time. You choose which of these countries you wish to visit, but you should note that no student will be allowed to choose their own country of origin.
'I've realised that to try and understand South Africa's situation, I have to try and find a new way of looking at it – our Western way of viewing the issues is simply not adequate.'
Satu Willgren, Executive MBA
In 2010 students visited South Africa for this one-week elective. Read about their experiences
Before you travel you are given a one-day introductory briefing by Lancaster faculty with specialist knowledge of the particular economies to be visited. The briefing will focus on recent economic developments and will highlight some of the issues specific to business and management in that economy, for both local and international organisations.
During your visit you will be introduced to the business, economic and social life of the selected country, as interpreted by local faculty from the partner institutions in the host country. This helps set the context for a related programme of field visits, both to local businesses and other organisations.
The module carries a double weighting, which means EMBA students take only one further elective.
On your return you write a 3,000 word reflective paper on the whole experience, which should demonstrate your ability to stand back from direct engagement, and to see the visit in broader, more objective terms.