Units
Managing in a Globalised Economy
Unit code: MGN447
Contact hours:
Credit points: 12
Information about fees and unit costs
This core unit examines the forces of globalisation, the diversity of international environments and their impact on business functions at the operational level. It examines the processes and challenges of internationalising the business operation as firms strive to compete successfully in the global marketplaces. Areas of study include the growth of international business and globalisation, international business motives and forms, the nature and challenges of the diversity of environments, and managing and controlling business operations. An international business simulation game is used to facilitate the understanding of business as a system of integrated operations and environments.
Availability
| Semester | Available |
|---|---|
| 2013 Semester 1 | Yes |
| 2013 Semester 2 | Yes |
Sample subject outline - Semester 1 2013
Note: Subject outlines often change before the semester begins. Below is a sample outline.
Rationale
Students entering the program, particularly those entering with a non-business background or non-international business background, need a grounding in how the conduct of business operating in the global economy is distinct from that of domestic business. The additional complexity of international business operations is both one of degree as well as one of context.
Business must operate in diverse foreign environments and engage in specialised types of transactions. To succeed in international business requires functional understanding of the threats and opportunities arising from the diversity of markets and the growth of globalisation, the nature and role of business operations in the international value chain and the management and control of international business operations.
Aims
To develop competence in the use of theoretical and empirical approaches to the analysis of economic and business issues in the international environment and evaluate how the changing international business environment effects firm level decision making.
Objectives
Course Learning Goals (Postgraduate)
The QUT Business School has established the Assurance of Learning (AOL) Goals to meet contemporary industry needs and standards. Achieving these learning outcomes will assist you to meet the desired graduate outcomes set at QUT - aligned with other internationally renowned business schools. Students will develop the following capabilities relevant to a contemporary global and sustainable business environment:
Have knowledge and skills pertinent to a particular discipline (KS)
1.1 Well-researched knowledge and critical understanding applied to issues at the forefront of a specialised discipline area
1.2 Ability to select and use effectively a range of tools and technologies to locate and/or generate information appropriate to the disciplinary context
Be critical thinkers and effective problem solvers (CTA)
2.1 Apply logical, critical and creative thinking and judgement to generate appropriate solutions to problems in the disciplinary context
Be professional communicators in an intercultural context (PC)
3.1 Ability to create and present professional documents and/or reports using high levels of analysis/synthesis/evaluation for a range of contexts and audiences
3.2 Ability to orally communicate and justify ideas and information, at a professional level, for a variety of contexts and audiences, including peers and discipline specialists
Be able to work effectively in a Team Environment (TW)
4.1 Operate effectively and with flexibility to achieve common goals in collaborative settings, using a range of skills, including leadership, negotiation, reflection, proactivity and support for team members
Have a Social and Ethical Understanding (SEU)
5.1 Apply knowledge of the ethical, social and cultural dimensions relevant to business situations, including appropriate standards or codes of practice, to provide courses of action
Unit Objectives
At the successful completion of this unit, you will be able to:
1. Explain the drivers of globalisation, the motives for international business and the threats and opportunities arising from these forces;
2. Explain how business operations function to achieve international business objectives and the processes involved in internationalising the business operations;
3. Analyse and assess the impact on business operations of the social, economic and political differences among nations, and of the nature and regulation of links and transfers that exist among nations;
4. Formulate operational responses to the impacts posed by diversity and globalisation in a specific business setting;
5. Recognise the factors that make international operations inherently more difficult to manage and control than domestic operations and choose appropriate means to govern international business operations relevant to the specific context.
The specific course learning goals and unit objectives that apply to this unit are shown in the assessment section of this unit outline.
Content
This unit will discuss and examine issues important to business operations in international settings including:
Approaches to Teaching and Learning
Class contact format will be three hours including lecture, tutorial/workshop activities, case study analysis and student led seminars. A range of reading materials, cases and other support resources will be available via the unit Blackboard site and the textbook.
Assessment
The assessment in this unit aims to support your achievement of the learning objectives for both Discipline Knowledge and Other Graduate Capabilities. Assessment has been designed in order to allow you to both:
Details of all assessment items will be made available on the units Blackboard site.Students will receive feedback in various forms throughout the semester which may include:
Assessment name:
Case Study
Description:
A case study which examines a number of issues in relation to managing in the global economy.
Length: 2,000 words
Summative or formative: Formative and Summative
Relates to objectives:
Unit objectives: 1, 2, 3, 4 & 5 and AOL goals KS (1.1), CTA (2.1), PC (3.1) SEU (5.1)
Weight:
40%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Week 7
Assessment name:
Final Exam (Invigilated)
Description:
Final Examination
Length: 2 hours + 10 minutes perusal
Summative or formative: Summative
Relates to objectives:
Unit objectives: 1 & 5 and AOL goals KS (1.1), CTA (2.1)
Weight:
60%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Central Exam Period
Academic Honesty
QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.
A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.
Resource materials
Prescribed Text
Hill, C. W. (2011). International Business: Competing in the Global Marketplace (8th ed.). McGraw Hill, New York.
Recommended Reading
Carla, C., Millar, R., Grant, R., Ju Choi, C. (2000). International Business: Emerging Issues and Emerging Markets. St Martin's Press, New York.
Central Intelligence Agency (current), The World Factbook, Brassey's, London
Hirst, P., Thompson, G. (1999). Globalisation in Question: The International Economy and the Possibilities of Governance. Polity Press, Cambridge, UK.
Kotabe, M. and Aulakh, P.(2002). Emerging Issues in International Business Research, New Horizons in International Business Series. Edward Elgar Publishing.
White, M. (2002). A Short Course in International Marketing Blunders: Mistakes made by companies that should have known better. World trade Press, Novato, Calif.
There are no out of the ordinary costs for the unit.
Risk assessment statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of semester.
Last modified: 21-Jan-2013
