It is clear that the managing businesses in an international environment today and into the future is challenging. Thus, this unit provides knowledge of business operation in the global arena, and addresses factors that drive international business engagement in the era of emerging market dominance across trade and foreign investment. The unit examines current global business debates, theories and practices and equips students with strategic skills to analyse and apply micro and macro aspects of global business to organisational management. The unit focuses on providing a deeper understanding of global context, taking a broader holistic view by engaging simulated cross-cultural business negotiations and case studies to further enhance graduate capabilities in working in multi-national businesses. High level analytical and planning skills will be required to do case studies and prepare relevant business plans or entry strategies into a foreign market.

Unit details

Location:
Study level:
Postgraduate
Credit points:
12
Unit code:
BMI7004

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 global business environment in relation to business organizations and management practices;  
  2. Critically examine the contemporary business environment in Australia and in other countries, and its implications for foreign firms and managers;  
  3. Verify and set up strategies for establishing successful business relationships with international partners, clients and suppliers;  
  4. Identify and manage the economic, legal and political risks in entering foreign markets; and  
  5. Design a strategic plan for an organization operating in a global business context.  

Assessment

Assessment type Description Grade
Case Study Group case study report on dynamics of international business 30%
Presentation Group presentation 20%
Assignment Business plan 50%

Required reading

International business: competing in the global marketplace, 13th edn,
Hill, CWL & Hult, GTM 2021,
McGraw-Hill, New York, NY.

Where to next?

Study a single unit

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