Business Practices in China

Unit code: BMI7000 | Study level: Postgraduate
12
(Generally, 1 credit = 10 hours of classes and independent study.)
City Campus
N/A
Overview
Enquire

Overview

It is clear that the opportunity for doing business in China today and into the future is significant and growing. China is Australia’s largest trading partner and export market with a population of 1.4 billion and a growing middle class. The challenges of doing business in China cannot be underestimated. To benefit from this market opportunity you need a customised business strategy and the ability to successfully navigate relationships within a complex culture. This unit introduces students to the politics, culture, etiquette and general business practices within China, including business culture and communications, business negotiation, organisational structure, and decision making. The unit focuses on providing a deeper understanding of China, taking a broader holistic view by engaging simulated cross-cultural business negotiations and case studies to further enhance graduate capabilities in working in China and/or negotiating with Chinese businesses. High level analytical and planning skills will be required to do case studies and prepare relevant business plans within the Chinese market or entry strategies targeting a Chinese market.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Contextualize the historical, political, legal, economic and socio-cultural aspects of China’s business environment in relation to Chinese business organizations and management practices;
  2. Critically review the contemporary business environment in China and other countries, and its implications for foreign firms and managers;
  3. Verify and set up strategies for establishing successful business relationships with Chinese colleagues, clients and supplies;
  4. Identify and manage the economic, legal and political risks in entering Chinese market; and
  5. Design a strategic plan for an organization operating in a Chinese business context.

Assessment

For Melbourne campuses

Assessment type: Case Study
|
Grade: 30%
Group Assignment - Best practice in China case study
Assessment type: Presentation
|
Grade: 20%
Individual and group
Assessment type: Assignment
|
Grade: 50%
Business Plan

Required reading

Selected readings will be made available via the unit VU Collaborate site.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

Search for units, majors & minors