Credit Points: 15

Prerequisite: BB103 Management Principles

Co-requisite: N/A

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:

  1. Globalisation
  2. International trade theory
  3. Differences in culture
  4. Corruption and ethics in international business
  5. Entry strategy and strategic alliances
  6. Control and organisation of international business
  7. Global human resources management
  8. Global marketing
  9. Regional economic integration

Learning Outcomes

At the completion of this unit students should be able to:

  1. Identify the implications of divergent international cultures for international business management and apply those principles to decision making
  2. Review and evaluate political and economic risk associated with different international markets
  3. Identify and evaluate alternative methods of market entry and international ventures
  4. Collaborate in diverse groups and communicate plans clearly
  5. Evaluate ethical and social business issues and develop appropriate solutions

Teaching Method

Lecture: 2 hours
Tutorial/Workshop: 1 hour
Face to Face

Assessment

Assessment Task
Learning Outcomes Assessed
Weighting
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%
Total   100%

*refer to learning outcomes above.

Textbook

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.

Reference Reading

  • 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
             

Legend

Colour coding    

Extent covered

                                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