IB Glocal Electives
"Glocalisation" emphasises that relocating a theme, product, or service elsewhere has a higher chance of success when it is accommodated to the local culture in which it is introduced. For this reason, in today’s complex and uncertain business environment, glocalisation of strategies and business models is an established trend, and a trend that is essential to understand.
The IB Glocal Electives, which are shared across the MBA portfolio, teach students how to explore contemporary global business problems with a local perspective. Led by Imperial College Business School faculty, these intensive four-day study abroad programmes give students who want to enrich their academic curriculum a stimulating experience. You will gain a deeper insight into international issues in a particular geography and will benefit from the in-market exposure and teaching the trips provide.
IB Glocal Electives will allow you to:
- Understand strategic challenges faced by society and cities
- Analyse global problems from a local perspective
- Analyse complex problems and apply theoretical frameworks and MBA knowledge.
Elective locations include*:
New York, USA
The Future of Cities – Technology, Sustainability, Planning, Business Opportunities
This module will address the topic of the future of cities in regards to technology, sustainability, planning and business opportunities by focusing on forecasts, experts’ opinions, case studies and industry insights.
The transformation going on in New York City will be used as a central case study for the contextualisation of the problems analysed. The module will also leverage local guest speakers from industry and government, as well as site visits.
Tel Aviv, Israel
Digital Opportunities – Insights from the Start-up Nation
This elective considers the characteristics of the digital economy and digital technologies, and how these create both global and local opportunities for entrepreneurs, in the start-up nation of Tel Aviv. As well as considering those industries such as software, telecommunications, music, and other forms of digital content and services that have already seen significant entrepreneurial activity, we also investigate the entrepreneurial opportunities provided by emerging digital technologies such as Internet of Things, blockchain and artificial intelligence.
The module features several guest speakers from industry and the academy, who will leverage the local context to provide rich and meaningful insight into the digital opportunities in Israel as well as providing a global perspective.
Financing the Blue Economy
Once seen as “environmental” problems, finding solutions to issues like plastics pollution, overfishing and ocean acidification are increasingly viewed as crucial global economic challenges.
The future of global industries such as fishing, tourism, and shipping will depend upon the state of the oceans. But the decline of the oceans is not just a business problem – it’s an existential threat to hundreds of millions of people in developing and middle-income countries who depend upon the sea for their livelihoods.
A response by governments and businesses to the task of conserving and responsibly using marine resources is beginning to emerge. This module will allow students to gain an insider’s view on the innovations taking shape for financing sustainable development of the world’s oceans. It will consider how blended finance, impact investing, and public/private partnerships are unlocking a more prosperous future in the blue economy.
*Subject to Covid-19 travel restrictions
The concept of glocalisation – that companies developing global strategies also need to have a good understanding of local markets – isn’t new in management theory. However, once again placing ourselves at the forefront of innovative and future-facing business education, we’ve created the IB Glocal Electives to expose students to the big challenges faced by international corporations adopting a glocal mentality.