Understand the nature of the multinational firm and the way it does business. Hear about globalisation and its effect on firms. Get to the heart of the economic, cultural and institutional forces that influence international management practices.
Australia's largest dual-sector institute, offering both TAFE and higher education, RMIT University proudly delivers work-related education and practical research relevant to current business and community needs. More than 60,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.
Students will review, critically consider and discuss a variety of contemporary issues in international management (IM). With an initial focus on multinational management and comparative management, international management has expanded to include issues concerning the globalisation of the world economy and its effects on competition between firms and nations. Key components of IM are:
Multinational Management—studying the multinational firm, reasons for its existence, the way it conducts business and its effects
Comparative management—considering the transfer of management practices across countries, cross-national or cross-cultural similarities and differences of management phenomena
Globalisation of the World Economy—focusing on its effects on competition between firms and nations.
The Academy of Management Journal defines international management as the practice of management with a cross-border or cross-cultural dimension. In its curriculum its major topics include: the cross-border management of operations, including multi-country, multi-unit, strategy formulation and implementation; evolving forms and management practices in cross-border business; the cross-border differential impact of cultural, social, economic, technological, political and other institutional forces on strategies, organisational forms, and management practices; the international competitiveness of firms, industries, and nations; and comparative management studies involving two or more industries.
In this subject we focus mainly on contemporary issues rather than provide a dry run of topics usually taught in most postgraduate international business degrees. With a combination of tackling issues raised by the Subject Coordinator, students are also expected to bring to the fore issues that are contemporary that fit within the three main strands of international management highlighted above. An active weekly participation on the discussion board and a detailed analysis in case study form of hot contemporary issues should enhance student skills and knowledge on important international management issues.
This unit includes a Work Integrated Learning experience in which your knowledge and skills will be applied and assessed in a real or simulated workplace context and where feedback from industry and/or community is integral to your experience.