Master
2024/2025
Entrepreneurship and Business in Asia
Type:
Compulsory course (Socioeconomic and Political Development of Modern Asia)
Area of studies:
Asian and African Studies
Delivered by:
School of International Regional Studies
Mode of studies:
offline
Open to:
students of one campus
Master’s programme:
Socioeconomic and Political Development of Modern Asia
Language:
English
ECTS credits:
12
Contact hours:
144
Course Syllabus
Abstract
1. This course is designed to provide an overview of various aspects of doing business and entrepreneurship in Japan. The course is broadly divided into three parts. The first part of the course defining globalization and international business. The second parts deals with business context and business management. These two parts also provide the overview the macro environment economies of Japan, including the economy and culture, that affect business and management practices. Such overview equips students with a firm basis to be able to analyze the key environmental factors that affect how business is conducted in this economy. The third part emphasizes on the practical aspects of doing business in Japan - business opportunities and challenges facing foreign companies and business and management practices so students will gain an in-depth understanding of how to do business in this country. In addition to broad knowledge of the region, assignments and projects will give students opportunities to further develop expertise in this country. 2. This course is designed to introduce the fundamentals of economics and business culture, investing, management, entrepreneurship and running business in China. This is a part of the general course in Business and Entrepreneurship in Asia including China, South East Asia, Japan, Korea and Middle East divided into several parts and given my different lecturers. This part includes classes on China The first part of this course mainly concentrates on the modern trends and nature of business and entrepreneurship in China. In the second part we will also look to South Asia (mainly India and its neighbors) and South Asian countries (ASIAN region, mainly Malaysia, Indonesia, Vietnam, Singapore, Burma) to compare the national business cultures and to find most effective ways for investments and sustainable business. As a disclaimer I want to stress that we won’t focus in the the macroeconomic problems of the region. So say we won’t discuss the economy as a whole: general structure of the regional economics, its structure, behavior, and decision-making. The course is focused on the main trends of doing business in China, SA and SEA from two perspectives: business environment taking into account the political, legislative, economic, socio-demographic and cultural environment issues and internal companies’ environment, considering differences in national culture and its management implications on successful communications, team-building, leadership, decision making, motivation, and negotiation processes with business in this region. In this course we provide students with a clear understanding of the current business trends related to trade, management and business in China, SA and SEA, as well as explaining how to set up your trading business in this region. We also attempt to give perspective on what will be NEA countries’ place World economics, and look at some of the country’s key import and export regulations. This course also concentrates on national identity in China, SA and SEA, misunderstanding in conducting business in China, Russia, Japan. We will also discuss sociopolitical risks and risk-management, decision making in China and Russia, economic factors that affect the costs of doing business in this region; market entry considerations, bookkeeping and audit, taxation, mergers & acquisitions, due diligence, human resource and staff recruitment process, employing foreign nationals in China, SA and SEA, strategies for repatriating profit from China, using trade zones and double-tax agreements, supply chain strategies. Within the classes, we discuss a range of different topics that affect doing business in China, SA and SEA Asia, including investment models, intellectual property considerations, key taxes applicable for foreign companies, and various types of employment contracts. In addition, we examine how a foreign entity can convert its representative office (RO) into a wholly foreign-owned enterprise (WFOE), and discuss how to legally terminate an employee in China. Topics will also include business culture, protocol and business customs, traditions, dress, gifts, formal and informal communication, emotional dimension of business behavior in China, Japan, Korea and Russia, psychological estimation of Asian and Russian partners, market potential and hot industries; its culture and people; current obstacles and opportunities in logistics; the historical and current problems faced by the economy; economic and political factors that affect the costs of doing business in China, SA and SEA, government relations, regulatory compliance and stakeholder alignment. Several case study focusing on China and Russia regional business diversity and local business traditions, way of negotiations is incorporated into this course. We will also analyze common situations and common mistakes that arise when conducting business in China, SA and SEA