This unit is designed to introduce students to the issues involved in undertaking business in the global market place. The impact of globalisation on business, the environment and communities is emphasised. It examines why businesses engage in international trade and business, and considers the role that economics, politics, culture and ethics play in the decision to operate internationally. How organisations evaluate, plan and undertake international engagement and expansion are also considered. The unit analyses the appropriate means for engaging in international trade and expansion given the nature of and circumstances facing the organisation. It introduces students to concepts of international financing, marketing and human resource management.
This study also aims to facilitate effective business communication skills, teamwork, and reflection. Students will develop an ability to explore, examine, process information in order to develop effective inquiry skills which can be transitioned later into employment.
Topics will include:
Globalisation and the world economy
Difference between countries – politics, culture and ethics
International Trade Theory
The political economy of international trade
Foreign direct investment
Regional Economic Integration
The global monetary system
The strategy of international business
Foreign market penetration
Exporting, Importing and countertrade
Global production, outsourcing and logistics
Global Human Resource Management
Issues on equity and human rights including issues regarding fair trade
Daniels, J.D., Radebaugh, L.H., & Sullivan, D.P. (2015). International Business: Environments and Operations, Global Edition (15th Ed.). England: Pearson Education Ltd. (ISBN 9781292016795) Browaeys, M & Price, R 2015, Understanding Cross Cultural Management, 3rd edn, Prentice Hall, England. Cavusgil, S, Knight, G & Riesenberger, J 2014, International Business: Strategy, Management and the New Realities, 3rd edn, Prentice Hall, USA. 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.P. (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. Griffin, R & Pustay, M 2014, International Business, 8th edn, Prentice-Hall, Australia.