BM214 – International Business Management
Credit Points: 15
Prerequisite: BB103 Management Principles
Workload: 36 contact hours
Campus: Melbourne, Sydney
Aims & Objectives
This is a second year core unit in the Bachelor of Business Management and offered as an elective unit in the Bachelor of Business Accounting and Marketing majors. This unit considers management theory from a global perspective and looks at the social, cross-cultural and institutional influences on international business. Students will become familiar with trade theory, market entry strategies, creation of joint ventures and business ethics. In the final lectures, students will be introduced to the challenges of international business, with a focus on global human resources, marketing, research and development. The unit concludes with an examination of the regional economic integration and the future of international management. Students are required to have prior knowledge of the basic fundamentals of management to be able to practically apply the new learnings.
The unit topics include:
- International trade theory
- Differences in culture
- Corruption and ethics in international business
- Entry strategy and strategic alliances
- Control and organisation of international business
- Global human resources management
- Global marketing
- Regional economic integration
At the completion of this unit students should be able to:
- Identify the implications of divergent international cultures for international business management and apply those principles to decision making
- Review and evaluate political and economic risk associated with different international markets
- Identify and evaluate alternative methods of market entry and international ventures
- Collaborate in diverse groups and communicate plans clearly
- Evaluate ethical and social business issues and develop appropriate solutions
Lecture: 2 hours
Tutorial/Workshop: 1 hour
Tutorial/Workshop: 1 hour
Face to Face
Learning Outcomes Assessed
|Contribution in class||a-e*||10%|
|Mid test (individual)||a-c*||10%|
|Research Report (Group)||a-e*||20%|
|Research Report Presentation (Group)||a-e*||10%|
|Final Exam (3 hours)||a-e*||50%|
*refer to learning outcomes above.
Gaspar, J., Arreola-Risa, A., Bierman, L., Hise, R., Kolari, J. and Murphy-Smith, L. (2016). Introduction to Global Business: Understanding the International Environment and Global Functions, 2nd Edition, South-Western, Cengage Learning.
- Hill, C. (2014). International Business: Competing in the Global Marketplace, 10th Edition, McGraw-Hill Higher Education.
- Wild, J., Wild, K., and Han, J. (2010). International Business: The Challenges of Globalisation, 5th Ed., Pearson Education Inc.
MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:
|Ability to communicate||Independent and Lifelong Learning||Ethics||Analytical and Problem Solving||Cultural and Global Awareness||Team work||Specialist knowledge of a field of study|
|The standard is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations|
|The standard is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations|
|The standard is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations|
|The standard is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials|
|The standard is not considered, there is no theory or practice or activities associated with this standard|