International Business Practices

    Unit code: BMI7004 | Study level: Postgraduate
    (Generally, 1 credit = 10 hours of classes and independent study.)
    City Campus
    VU Brisbane
    VU Sydney


    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 holistic view by evaluating alternative host market contexts and examining cross-national differences when formulating strategies to further enhance graduate capabilities in working in multi-national businesses. High level analytical and planning skills will be required to make international business strategic decisions and prepare relevant business plans or entry strategies into a foreign 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 global business environment in relation to business organizations and management practices;
    2. Critically examine the contemporary business environment in foreign markets, and their implications for international firms and managers;
    3. Analyse the environmental risks and ambiguities in entering foreign markets; and
    4. Critically evaluate and set up strategies for establishing successful business relationships with international partners, clients and suppliers.


    For Melbourne campuses

    Assessment type: Case Study
    Grade: 20%
    Case study on international business
    Assessment type: Assignment
    Grade: 30%
    Conduct a supra-regional environmental analysis
    Assessment type: Assignment
    Grade: 50%
    International business strategic plan - report & presentation (group)

    Required reading

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

    As part of a course

    This unit is studied as part of the following course(s):

    Search for units, majors & minors