The course is concerned with global markets, i.e., we look at global industry contexts, industry evolution, regional differences, etc. and their implications for firm strategy. The increase in global competition and the corresponding erosion of national boundaries has spurred an unprecedented surge in foreign direct investment, mergers & acquisitions, and cross-border alliances allowing firms to internationalize rapidly and gain access to global pools of capital, new markets, and resources. The course concept is aimed at discussing and experiencing the tools and theories in a profound and applied way. Therefore, we will focus on two particular industries (global beer and wine) to make you experts in these industries and to allow an in-depth understanding. At the end of the course, we will broaden our perspective and transfer our analytical tools and learnings to other fast moving consumer goods (FMCG) industries.

Students gain knowledge as well as awareness in global markets in connection with the stress field of firm strategy & industry evolution. First-hand management experience is covered with academic background through an interactive course format (in-class discussions & presentations, guest lectures & field trip). Students improve their know-how on analyzing the firm's resources & capabilities as well as an industry & its evolution. Furthermore, their understanding of differences between industries and regions will improve, not least through working on real-life management case studies.

The aims of this course in terms of key skills are:

• The ability to understand global markets and conduct a strategic analysis in specific industry contexts.
• The ability to analyze cases which approximates closely to the rapid analysis of global business situations.
• The ability to research material related to companies and business context, structure ideas and presentations both as individuals and work in teams as members of a group.
• The ability to transfer learnings from one context to others.

The course is taught using a combination of teaching lectures, case analyses, class discussions, student group presentations, and videos. Furthermore, guest lectures and a field trip are rounding the teaching format.

Students are required to prepare before coming to class. Readings provide the knowledge base for the course. Students are expected to read them and the cases specified in the course outline for the respective sessions as these form the basis for our discussions. Groups of 4-5 students will be formed with each group analyzing a teaching case guided by pre-assigned questions.

Students will have to actively participate in class and hold group presentations. Interactive in-class discussions and group work are important in this course format.

The design of this course is applied, i.e., students are expected to use and apply the tools and frameworks discussed to the cases. The cases display real-life industry environments and firm strategy in global beer and wine and allow students to get a first-hand understanding of what it means to operate in global markets.

The assessment of students participating in this course will be based on the following:

• Class participation: 20 % of the grade. Given the interactive format of this course, active participation in class discussions isrequired. This includes evidence of thorough preparation of course materials, particularly case studies and readings. You are expected to attend all of the classes. It is ok to miss one class during the semester if an emergency, illness or such means that you cannot attend, in which case you are kindly asked to notify me by e-mail (in advance). Participation will be evaluated based on attendance, preparedness, and quality of contributions during discussions (please note the word ‘quality’). In addition, if deemed necessary, a short quiz on the readings may be given at the beginning of class to assess individual class preparation.
• Case presentation (group assignment): 30 % of the grade. Allocation to groups will be done during the first lecture. Each group will have to prepare an analysis of one of the teaching cases guided by pre-assigned case questions and will have to present it to the class.
• Final presentations (group assignment): 40 % of the grade. In your final presentations you will present your own project, i.e., you will have to evaluate the strategy of an international FMCG company of your choice (outside the wine and beer industry) in light of the firm’s capabilities and the industry environment. The company of your choice has to be approved by the instructor in the fifth session. Your final group project will be presented in class during the last session and has to get a positive mark in order to pass the course.
• Peer rating: 10 % of the grade. Each group member’s participation in team work will be assessed by your peer group members.

Completed IB Foundations (Class I – Basics) and Applications (Class II)