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The current and official versions of the course specifications are available on the web at //www.usq.edu.au/course/specification/current.
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MGT2060 International Business Environment and Operations

Semester 2, 2015 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Management and Enterprise

Contents on this page

Staffing

Examiner: Eric Ng
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 //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 firm's 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 and the international business environment 30.00
2. Strategy and opportunity assessment 20.00
3. Entering and operating in international markets 25.00
4. International business operations 25.00

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=2015&sem=02&subject1=MGT2060)

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

  • Cavusgil, ST, Knight, G & Riesenberger, J 2014, International business: the new realities, global edition, 3rd edn, Pearson Higher Education, New Jersey, USA.

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.
  • Czinkota, M, Ronkainen, IA & Moffet, MH 2011, International business, 8th edn, John Wiley & Sons, Danvers, Massachusetts.
  • Hill, CW 2012, International business: competing in the global marketplace, McGraw Hill, New York.
  • Johnson, D & Turner, C 2010, International business: themes and issues in the modern global economy, 2nd edn, Routledge, USA.
  • Wild, JJ & Wild, KL 2014, International business: the challenges of globalization, 7th edn, Pearson Education Limited, Essex, England.

Student workload requirements

Activity Hours
Assignments 50.00
Directed Study 40.00
Private Study 75.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ASSIGNMENT 1 - RESEARCH PLAN 10 5 12 Aug 2015
ASSIGNMENT 2 - PROGRESS REPORT 10 5 10 Sep 2015
ASSIGNMENT 3 - MAJOR PROJECT 100 40 08 Oct 2015
EXAM PART A - MULTIPLE CHOICE 20 10 End S2 (see note 1)
EXAM PART B - WRITTEN 80 40 End S2

NOTES
  1. The total working time for the examination (parts A and B) is 2 hours. The examination date will be available via UConnect when the official examination timetable has been released.

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:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  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. 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 //www.usq.edu.au/library/referencing.