1733 SME - Course 3: Internationalization & Political Risk Management
Mag.Dr. Simon Hartmann
Contact details
Weekly hours
Language of instruction
09/07/22 to 09/13/22
Registration via LPIS
Notes to the course
Day Date Time Room
Wednesday 11/23/22 02:30 PM - 07:30 PM TC.5.16
Wednesday 12/07/22 02:30 PM - 07:30 PM TC.5.16
Wednesday 12/14/22 02:30 PM - 07:30 PM TC.5.16
Wednesday 12/21/22 02:30 PM - 07:30 PM TC.5.16
Wednesday 01/11/23 02:30 PM - 07:30 PM TC.5.16

- Internationalization strategy and how are Small and Medium Enterprises (SME) different from Multinational Companies (MNC)?

  • Internationalization process
  • Risk measurement
  • Risk exposure -How are international SME different from MNC?

- Risk Exposure: What are the main challenges for SME compared to MNC?

  • Mapping of risks of international SME versus MNC
  • Comparative assessment of political risk to international SME and MNC by investigating risk exposures of smaller investors involved in investor-state dispute settlement (ISDS) claims
    • Assessment of risk exposure using real world case studies
    • Assessing avoidable and unavoidable risks
    • Analysis and critical reflection of the lessons learned from the case studies

- Strategic responses to risk exposure

  • What are the firms' strategies related to ISDS?
  • Strategic risk mangement
    • Ex-ante: Reducing risk exposure
    • Ex-post Enforcement of damages
  • How are SME and MNC different?
  • Limitations of risk management for SME
Learning outcomes

- Insights in the challenges of SMEs internationalization

- Overview of the specific characteristics of political risk for international SMEs

- In depth understanding of the mechanisms of how exposure translates into damage from real world case studies

- Discussion and understanding of the strategies and instruments available to SMEs to overcome these challenges

- Critical view on the limitations of risk management for SMEs

- Understanding of the difference risk management for MNEs and SMEs

Attendance requirements

All units of the course are held on campus. Unless there is a change in emergency measures we will not have online session.

In general, the course requires presence in all units. Absence of one full session (out of 5) is accepted. Further absence is tolerated within normal parameters (e.g. doctor visits, exams etc.).  Please communicate absence to the instructor in advance via email.


Teaching/learning method(s)

- Lecture cast
- Group analysis and presentation of cases (in-class,)
- Critical discussion of cases in peer groups (in-class)
- Case study (main assignment developed online and in-class)


Group assignments (65 %):
- Case preparation and presentation (discussion) = 16 %
- Peer Feedback  = 14 %
- Case report = 35 %
Individual assignment (35 %):
- Essay : Arbitration and Strategy = 35 %

== 100 %

Availability of lecturer(s)


Last edited: 2022-08-31