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MGT2060 International Business Environment and Operations

Semester 2, 2013 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business and Law
School or Department : School of Management and Marketing
Version produced : 18 April 2014

Contents on this page

Staffing

Examiner: Rangarirai Chimhundu
Moderator: Joe Zhou

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.

Rationale

The increasing globalisation of the marketplace has presented numerous opportunities and challenges for organisations. Globalisation has affected many organisations on how they conduct their businesses as well as making important strategic decisions. The rationale, formulation and putting into practice of international strategies within a rapidly changing global business environment are vital for organisations to remain sustainable and competitive.

Synopsis

The course introduces students to the field of international business which broadly refers to the conduct of business across national borders. An international business, on the other hand, refers to any firm that engages in international trade or investment in a country or countries other than its own. Students enrolled in this course have the opportunity to understand the terminology, theories, principles, models, and frameworks to explain WHY and HOW a firm engages in business in a country or countries other than its own.

The course takes a managerial approach to providing an overview of the economic, social, environmental, political, technological and cultural dimensions of doing business across borders as well as the local and international actors that may impact the firms success in its international business operations. Furthermore, the course provides an overview of the various strategies, structures, and operations of a firm as it faces the global issues and trends associated with the conduct of business beyond its borders. The course builds on the premise that the business world has become increasingly globalised and borderless and understanding this phenomenon from a managerial perspective is an important element in the study of modern business in a global context.

Objectives

On successful completion of this course, students should be able to:

  1. explain the basic terms and concepts that are commonly used in the study of international business
  2. differentiate a firm with local or domestic business operations from a firm that is engaged in international business
  3. evaluate the managerial importance of economic, social, political, legal, ethical and cultural forces, actors and/or institutions in a firm’s conduct of business across borders
  4. explain the various strategies and organisational structures a firm may implement as it ventures into international business operations
  5. explain and evaluate the major modes of entry into international markets
  6. explain the various operational or functional issues of international business operations with respect to marketing, production and logistics, human resource management and accounting
  7. design an action plan for a hypothetical business firm on how to enter a foreign market in order to take advantage of an international business opportunity.

Topics

Description Weighting(%)
1. Globalisation, culture and ethics in international business 10.00
2. Global trade and investment environment 15.00
3. Global monetary system 15.00
4. Strategy and structure of international business 30.00
5. International business operations 30.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2013&sem=02&subject1=MGT2060)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Dowling, P, Liesch, P, Gray, S & Hill, C 2009, International business: Asia-Pacific edition, McGraw-Hill, Boston, Massachusetts.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
  • COFACE 2009, The handbook of country risk 2009 - 2010: a guide to international business and trade, Global market briefings 2009, 11th edn, GMB Publishing, London.
    (available as e-book in the USQ library.)
  • Mitchell, C 2009, A short course in international business ethics: combining ethics and profits in global business, 3rd edn, World Trade Press, Petaluma, California.
    (available as e-book in the ‘Books24x7’ database through the USQ library.)
  • Pecotich, A & Shultz II, C 2005, Handbook of markets and economies: East Asia, Southeast Asia, Australia, New Zealand, ME Sharpe, London.
    (available as e-book in the ‘Books24x7’ database through the USQ library.)
  • Rivoli, P 2009, The travels of a t-shirt in the global economy: an economist examines the markets, power, and politics of world trade, 2nd edn, John Wiley & Sons, New Jersey.
    (available as e-book in the 'Books 24x7’ database through the USQ library.)
  • The Economist 2008, Pocket world in figures, 2009 edition, Profile Books, London.
    (available as ebook in the ‘Books24x7’ database through the USQ library.)

Student workload requirements

Activity Hours
Assignments 45.00
Directed Study 40.00
Private Study 80.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ASSIGNMENT 1 - RESEARCH PLAN 10 5 16 Aug 2013
ASSIGNMENT 2 - PROGRESS REPORT 10 5 06 Sep 2013
ASSIGNMENT 3 - MAJOR PROJECT 100 40 04 Oct 2013
EXAMINATION PART A 20 10 End S2 (see note 1)
EXAMINATION PART B 80 40 End S2

NOTES
  1. The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date for exam (parts A and B) after the timetable has been finalised. The total working time for exam (parts A and B) is 2 hours.

Important assessment information

  1. Attendance requirements:
    If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded.

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    This is a closed examination. Candidates are allowed to bring only writing and drawing instruments into the examination.

  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Assignments:
    1. The due date for an assignment is the date by which a student must submit the assignment to the USQ.
    2. Students must retain a copy of each item submitted for assessment. This must be produced within 24 hours if required by the examiner.
    3. In accordance with university policy, the examiner may grant an extension of the due date of an assignment in extenuating circumstances.
    4. In the event that a due date for an assignment falls on a local public holiday in their area, the due date for the assignment will be the next day. Students are to note on the assignment cover the date of the public holiday for the examiner's convenience.


  2. Course weightings:
    Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper.

  3. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at http://www.usq.edu.au/library/referencing.

  4. Word count:
    Students must put the 'word count' for their assignment on the front page of the assignment. The word count is the number of words in the body of the assignment report and does not include the title, executive summary, list of references or appendices. To grade an assignment a marker does not need to read more words than the word limit of the assignment.

Other requirements

  1. Computer, e-mail and Internet access:
    Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.