International Business Environment
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On successful completion of this course, students will be able to:
- Understand and apply appropriate frameworks to analyse the international business environment;
- Recognise and use relevant analytical tools to address issues of importance to international business practice;
- Critically evaluate relevant international business literature;
- Determine how the international business environment influences business practice.
- An introduction of international business
- Globalisation and its implications for business
- International trade theory
- Regional economic integration
- The political and legal environment
- National differences in economic development
- The cultural environment
- The technological environment
- The international flow of funds and exchange rates
- Ethics, skills and competencies for IB professionals
- Understanding emerging markets
- Course review
In order to enrol in this subject, you must be accepted into one of the following degrees:
- Equipment requirements - Headphones or speakers (required to listen to lectures and other media). Headset, including microphone (highly recommended). Webcam (may be required for participation in virtual classrooms and/or presentations).
- Software requirements - It is essential for students to have reliable internet access in order to participate in and complete your units. MyUni is the University of Adelaide's online learning environment. MyUni provides access to various features including announcements, course materials, discussion boards and assessments.
- Other requirements - You will have access to numerous resources in the library including scholarly journals and alternative contemporary texts on international business. You are encouraged to read widely and critically with a focus on recent work (less than 5 years old) in periodicals, refereed academic journals, and books. The Communication Skills Guide and The University of Adelaide Writing Centre are helpful resources for your academic writing and observance of the protocols and conventions of the Harvard referencing style.
This course explores the international business environment in which organisations operate. The course examines the structure and features of the international markets, how organisations engage with these markets, and how they respond to their complexities. Students are introduced to useful theoretical and analytical frameworks that are crucial to understanding the opportunities and risks derived from the political, economic, social, technological, and institutional environment of countries. The course also reviews aspects of global institutions, such as the World Trade Organization (WTO) and the International Monetary Fund (IMF), which set global rules that profoundly affect business strategy and human welfare. Through this course, students are introduced to fundamental skills and competencies for further development towards an international business profession.
There are four (4) pieces of assessment in this subject, Discussion Board participation, written responses on topics of Globalisation and Risk, recorded presentation and a written report and preparation of a written Business Proposal. All pieces of assessment will assess your understanding of subject content and your ability to integrate and analyse information.
- Post 10 responses to prompts relating to a range of subject topics in Discussion Boards and also comment on two other posts. (10%)
- Written Paragraph Responses to topics on Globalisation and Risk (10%)
- Part A: Presentation - Record a presentation in which you explain why and how a company should internationalise; and suggest how the company should gain and sustain competitive advantage. (15%)
- Business Proposal - Write a report recommending a market for investors to invest in (40%)
- Part B: Market Analysis - Analyse the attractiveness of a potential market for the international expansion of a company. (25%)
Current study term: 04 Sep 22 to 28 Oct 22
International Business: The New Realities
Cavusgil, S.T., et al.