This module is designed to equip students with a comprehensive understanding of Multinational Corporations (MNCs) and the intricate dynamics involved in managing operations across multiple countries in an increasingly interconnected world. The emphasis lies in delving into the reasons behind companies transitioning into MNCs and examining the fundamental activities and strategic decisions that define the global operations of MNCs. This encompasses cultivating non-location-bound Firm-Specific Advantages, orchestrating organizational capabilities to manage global value chains and the relationship between headquarters and subsidiaries. Furthermore, the module explores the dynamic interplay between MNCs and their home and host country institutional contexts. Home country institutions significantly shape the foundation and operations of MNCs, influencing their strategies, governance structures, and overall behaviour, impacting an MNCs global competitiveness. Host country institutions shape MNCs’ interactions with local markets, influencing adaptation strategies, and determining the extent of institutional embeddedness, ultimately affecting the success or challenges faced by MNCs in foreign host countries. Through analysing academic literature focused on MNCs and international business strategy, coupled with exploring recent global trends and developments, students will be encouraged to form and express their perspectives in a structured and convincing manner.