10.1.13 Managing International Risks and Finance (EU-MIRF)

Objectives
The student will be able to analyse risks and opportunities in international trade and reduce risks through planning of international marketing, strategic entry options and international operations in accordance with risk management principles and means.

Content
Exploration of Challenges in the International Operating Environment in View of Company Marketing Strategy and Internal Organisation / Ability to Use Market Information / Operational Performances and Marketing Decisions / Adapting Risk Management Process to Issues Explored

Semester
Term 4

Objectives
The student will understand the significance of the personnel as the source of company resources and he/she will recognise the risks in human resources. The student will be able to assess and manage risks with the help of Human Resources Accounting. The student will be able to identify, assess and manage HRM risks in working conditions, employment law and labour market. The student will be able to analyse cultural differences and related risks and problems confronted with expatriate staff.

Content
Sources of Labour, Remuneration and Social Chapter / Employment Law / Manpower Planning / Human Resources Accounting / Special Risks with Expatriate Staff: Risks in Recruitment and Selection, Cultural and Ethical Values, Working Patterns and Working Environment

Prerequisites
HB4000 Human Resources Management

Semester
Term 2

Objectives
The student will acquire understanding of international finance and financial risks and of their management compared to domestic finance .The student will acquire an understanding of company risk management policy and risk management strategy and of the importance of risk taking. He/she will be able to identify, measure and communicate financial risk and make suggestions and give advice on how to manage them.

Content
Risk Taking Policy Stated in Company Strategy / Differences in International and Domestic Finance and Use of Risk Management Methodologies / Main Categories of Financial Risk: Counterparty (including Credit Risk), Funding, Derivatives (the basics), Interest Rate, Currency

Semester
Term 3

Objectives
The student will be able to understand the business processes and identify risks involved in processes, activities and projects, IT and electronic trading. The student will be able to use techniques and methods in planning and organising work, and will be able to identify and understand the importance of management, exchange of information, and communication factors.

Content
Planning and Organisation of Work and Projects / Co-ordination of Human, Physical and Financial Resources in Carrying Out Activities and International Projects / IT Security Risks / Review and Monitoring: Value Analysis, Systems Analysis / Impact on Technology / Incompatibility of IT Systems and Programmes of International Partners / Risks in Extranets and Internet, Electronic Trading

Semester
Term 1

Objectives
The student will be able to understand and evaluate the risks in the international operating environment. The student will be able to take the risks relating to macro-economic and political stability and to environmental hazards into account in planning and decision making.

Content
Sources of Risk / Risk Evaluation / Risk Management / Country Risks / Political Risks / Environmental Risks
Prerequisites HB3000 Principles of Economics
Method Lectures, assignments, examination

Semester
Term 3

Objectives
The student will be able to identify, evaluate and manage international risks in an existing company. The case-study deepens and applies the skills previously acquired in MIRF-courses.

Content
Will be agreed in accordance with each case-study.

Prerequisites
2nd and 3rd year students