Unit rationale, description and aim
The unit enables students to gain a broad and critical understanding of the issues involved in the operation of an international business and different challenges managers of such businesses face in a global business environment. specifically, this unit covers issues which arise due to cultural, economic, social, legal, political, and geographical differences between businesses operating internationally. In this unit, students will be equipped with the required knowledge for dealing with the challenges of the changing international business environment by learning various models and frameworks that support effective decision-making. Students will also learn techniques to critically analyse theories of international trade and investment relevant to the international business environment, and strategies to manage people and operations at a global level. This knowledge will eventually enable students to use appropriate business strategies in analysing the potential risks and opportunities of doing business in a global market.
Learning outcomes
To successfully complete this unit you will be able to demonstrate you have achieved the learning outcomes (LO) detailed in the below table.
Each outcome is informed by a number of graduate capabilities (GC) to ensure your work in this, and every unit, is part of a larger goal of graduating from ACU with the attributes of insight, empathy, imagination and impact.
Explore the graduate capabilities.
Analyse the meaning and impact of globalisation on...
Learning Outcome 01
Identify the relevant political, cultural, economi...
Learning Outcome 02
Evaluate the reasons for benefits and problems ass...
Learning Outcome 03
Individually and collectively apply relevant model...
Learning Outcome 04
Content
Topics will include:
- globalisation and international business
- culture and international business
- political and legal environments
- foreign market entry strategies
- international institutions
- global production, outsourcing and logistics
- fair trade and sustainability
- international business in regional markets including but not limited to Asia, the Americas and Europe
Assessment strategy and rationale
In order to pass this unit, students are required to achieve an aggregate mark of at least 50%. Marking will be in accordance with a rubric specifically developed to measure your level of achievement of the learning outcomes for each item of assessment.
Students will also be awarded a final grade which signifies their overall achievement in the Unit. The assessment strategy for this Unit allows students to sequentially develop their knowledge and skills in international business to the point where they can effectively operate on a global level. In order to develop this level of capability, students will demonstrate their knowledge of international business in an essay, further develop their understanding of organisational change through an article critique and then apply their knowledge and understanding of international business in the final assessment task.
The assessment tasks for this unit are designed for students to demonstrate their achievement of each learning outcome as indicated in the following Assessment Table.
Overview of assessments
Assessment Regime 1 (Co-delivery with Partner University)
Assessment Task 1: Portfolio of Engagement From W...
Assessment Task 1: Portfolio of Engagement
From Weeks 2 to 11, students will actively participate in online discussion forums and online activities. The online discussion forum and online activities will constitute 40% of total marks (4 marks each week). Students will be evaluated on a combination of engagement in the unit via discussion board questions, responses to postings and evidence of successful engagement in online asynchronous activities.
Submission Type: Individual
Assessment Method: online engagement and completion of regular learning tasks
Artefact: Portfolio evidencing engagement
40%
Assessment Task 2: Individual Article Critique: ...
Assessment Task 2: Individual Article Critique:
This assessment task consists of a 1500-word critique. This task requires students to undertake an analysis of an international business news article in a report. It requires students to engage with current affairs, business press, real word issues and improves their analytical skills. The article may not have been published prior to January 1, 2022.
Submission Type: Individual Assessment
Method: Article Critique
Artefact: Written report
30%
Assessment Task 3 – Global Virtual Classroom Grou...
Assessment Task 3 – Global Virtual Classroom Group Assignment: This task requires students to form groups of 3 to 4 with student from a partner institution and apply their knowledge of the theories of international business to one of the approved regions studied in class to the launch of a product or service. Students will submit a peer assessment as part of this task.
Submission Type: Group Assessment
Method: Video Presentation
Artefact: Presentation Recording
30%
Learning and teaching strategy and rationale
This unit takes an active learning approach to guide students in the analysis and synthesis of knowledge associated with the conduct and challenges of ethical and sustainable international business. Students will become able to explore the knowledge base that underpins operation of international business in a series of online modules and activities. Students have the opportunity to take part in online classes or equivalent designed to support them to actively participate in the construction and synthesis of this knowledge base using latest advances in the field. By undertaking the individual activities and participating in these online asynchronous learning activities, students will systematically develop their understanding of the critical aspects of international business. This Unit takes an experiential approach to support students in developing the skills required to effectively manage internationally by tapping into the knowledge of other participants, sharing stories and insights and reflecting on experiences.
Mode of delivery: This unit is offered in “Online” mode.
Online Mode
In an online mode, students engage in asynchronous learning and participate in the construction and synthesis of knowledge, while developing their knowledge. Students are required to participate in a series of online interactive activities to enhance their learning including knowledge checks, discussion boards and self paced exercises. This approach allows flexibility for students and facilitates learning and participation for students with a preference for virtual learning.
Representative texts and references
Browaeys, M & Price, R 2015, Understanding cross cultural management, 3rd edn, Prentice Hall, England.
Cavusgil ST, Knight G, Riesenberger JR, Rammal HG & Rose EL 2015, International business: the new realities, 2nd edn, Pearson Australia, Melbourne.
Daniels, J.D., Radebaugh, L.H., & Sullivan, D 2015, International business: environments and operations, Global Edition 15th Edn. England: Pearson Education Ltd
Hill, C, & Hult, G 2015, Global business today, 9th edn, Mc-Graw Hill Education.
Verbeke, A., Roberts, R. E., Delaney, D., Zámborský, P., Enderwick, P., & Nagar, S. (2019). Contemporary International Business in the Asia-Pacific Region. Cambridge University Press.
JOURNAL ARTICLES
Andrews, Tim G et al., 2019. Corruption in Asia Pacific business organizations: insights on causes, conditions, consequences and treatment. Asia Pacific business review, 25(4), pp.459–469.
Antràs, Pol, de Gortari, Alonso & Itskhoki, Oleg, 2017. Globalization, inequality and welfare. Journal of international economics, 108, pp.387–412.
Berger, Ron et al., 2020. Doing business in India: The role of jaan-pehchaan. Industrial marketing management, 89, pp.326–339.
He, Canfei et al., 2019. Entrepreneurship in China. Small business economics, 52(3), pp.563–572.
Jackson, Terence. (2020). Cross cultural management scholarship and the coronavirus crisis. International Journal of Cross Cultural Management : CCM, 20(2), 119–124.
Levy, David L, 2021. COVID‐19 and Global Governance. Journal of management studies, 58(2), pp.562–566.
Orij, René P et al., 2021. Is CSR the new competitive environment for CEOs? The association between CEO turnover, corporate social responsibility and board gender diversity: Asian evidence. Corporate social-responsibility and environmental management, 28(2), pp.731–747.
Satow, Takao & Wang, Zhong-Ming, 1994. Cultural and Organizational Factors in Human Resource Management in China and Japan: A Cross-cultural Socio-economic Perspective. Journal of managerial psychology, 9(4), pp.3–11.
Szkudlarek, Betina et al., 2020. Communication and culture in international business – Moving the field forward. Journal of world business : JWB, 55(6), p.101126.
Wen, Wen, Ke, Yun & Liu, Xuejiao, 2021. Customer concentration and corporate social responsibility performance: Evidence from China. Emerging markets review, 46, p.100755.