|Course||BUSN201 International Business|
|Course dates||25 June – 6 July 2018|
|Lecturer(s)||Dr Andrew Papadimos|
|Form(s) of teaching||Experiential teaching and learning, business clinics, seminars, guest speakers and field work off site|
|Form(s) of assessment||Group presentation, business analysis, personal reflection|
|ACU credit points||10|
|Contact hours||36 hours (Class and outbound fieldwork)|
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
Excursions and site visits to industries will be a feature of this two week study. Site visits will include:
- Local government offices;
- Australian global companies;
- Local business corporations.
On successful completion of this unit, students should be able to:
- Define and discuss the meaning and impact of globalisation, the creation of regional trading blocs and trade agreements on business, the environment and communities.
- Appreciate, identify and describe the relevant political, cultural, economic and ethical factors in evaluating country risk and market opportunities.
- Evaluate the reasons for benefits and problems associated with international trade including fair trade.
- Identify and evaluate the methods businesses use to penetrate foreign markets.
- Understand the major issues involved in global production, sourcing and logistics, marketing, research & development, human resource management and ethical issues in international business practices
For all students but particularly for International Students
- Engage globally with other students, institutions and employers from Australia.
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.
Page last updated: 2017-11-13
Short url: http://www.acu.edu.au/1340142