Module specification
INTERNATIONAL BUSINESS ENVIRONMENT
Code: PGBM04
Credits: 15
Level: Masters
FBL, Business School
Board: Postgraduate Business Studies
Learning Hours: 150 of which 30 CONTACT hours
Rationale
1. The international business environment is multi-dimensional, including economic, political, socio-cultural and technological influences. While each can be viewed in specific national settings, increasingly they have become interrelated through processes of globalisation. In particular, the role of transnational corporations has been a key to the deepening interrelationships across national borders. Yet, globalisation has not led to convergence. Considerable diversity between nations and regions continues to shape the
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Re-location of employment in globalised world. E.g. Call Centre customer convenience across time zones, or pressurised workforce?
World Trade and the International Competitive Environment:
Key trade theories, e.g. Comparative Advantage, Limitations of Vernon’s
Model. First Mover Advantage, Porter’s Competitive Advantage. Role of WTO and its principles; related controversial issues. E.g. Prospects for closure of Doha round. Evolving regional groupings, EU, ASEAN, APEC
The Technology Environment
Introduction to importance of R& D; use/role of Patents; technology transfer; impact of e-technologies Internet/e-commerce
International Financial Environment
Foreign exchange principles; impact of globalisation of financial markets. Comparison of ‘financial’ shocks Asian financial crisis 1997-8; the Credit Crunch 2008–2010; ‘sub-prime’ market to Lehman Bros. AIG. Partial re-nationalisation of Commercial Banks, trading internationally from US & GB.
TEACHING & LEARNING METHODS
Teaching & learning will take place through a series of core lectures and programmed learning activities undertaken in seminar workshops. Students will have a learning opportunity to participate as team members by presenting findings from case studies through short presentations with interactive questions and answers and class discussion to broaden the teaching and learning experience. This will provide formative
How effectively do Canadian businesses and government engage together to promote a shared vision and agenda in the global business environment? Do Canadians strike an effective balance between private sector pursuit of global business and public sector support and enablement?
Globalisation is a force that became the buzzword of the 1990s. Various countries around the world have experienced a thrilling increase in trade, innovation transfer and cross-border investment flows in recent years. The effects of globalisation and the evolution of the most developed economies are difficult to separate and a few authors believe the effects of multinational enterprise to be a defining feature of globalisation (Strange, 1986).
Transnational Corporations (TNC’s) play a large role in the development of the global economy, through the sharing of research, trade and technological advances between the different countries. They also play a big part in increasing the interconnection in the world’s economic, cultural and political systems, otherwise known as globalisation. Nevertheless there are both positive and negative impacts that TNC’s bring to the global economy, socially, economically, politically and culturally.
I feel that transnational cooperation’s have had a large impact on globalisation. A transnational corporation (Multinational Corporation) TNC is a corporation or enterprise that manages production establishments or delivers services in at least two countries such as Coca Cola and Nike. Very large multinationals have budgets that exceed those of many countries. Multinational corporations can have a powerful influence in international relations and local economies and play an important role in globalisation. I feel that the economy is the most significant motivating force
Describe your pedagogical growth during this course (include your strengths and the strategies you use to further improve).
Parker, B. (2005). Introduction to Globalization and Business: Relationships and Responsibilities. Retrieved from The University of Phoenix eBook Collection Data
The companies have become a key parameter, especially in the global economy. The size of global companies closely correlated with the decrease of vulnerabilities, with higher resistance to economic shocks occurred along the time and with their bigger chances of success in certain markets. Companies aim not only to optimize their size, but also to strengthen the global production networks, affording them a better competitive position, in a mighty competitive environment and under the pressure of quick development of the technological environment. The size of an organization has become a barrier that stops its entry into the sector, higher than profitability, which explains why some corporations have focused, in recent times, more on strengthening their position abroad, although their economic performance does not justify this endeavor. The process of economic globalization is both a resultant of the increasing activity of multinational organizations and a cause of their increasingly stronger internationally affirmation. However, global organizations activity is much more intense in the developed countries; their impact on the developing countries must not be neglected. Global organizations have a few main features that individualize them from all other forms of companies known so far:
T2 (Tea Too) is a tea heaven, a tea-lovers’ heaven. It is a premium brand established in 1996 in Australia over 18 years ago and cherished internationally by all tea devotees. It has 60 stores throughout in Australia, New Zealand, the United Kingdom, and America. However, the first retail outlet is located in Brunswick Street, Fitzroy. Maryanne Shearer is the creative director of T2 - Australia’s leading tea retailer, with largest range of tea and tea wares in Australia. It offers the country’s largest range of premium, fragrant tea and tea wares from all around the globe. Tea devotees can spend hours at their taster table, trying all the different types of hot and cold teas they have come up with. It’s
The rapid pace of Globalization has led to a change in the global economy during the past several decades; it is believe that factors such as trade liberalisation, access to cheaper labour and resources, similarity of consumer demand around the world, and advances in technology and communication has widened the market of consumption, investment as well as production on a global scale. These globalization driven factors created new challenges and global competition for businesses around the world thus as a response many companies decided to expand their operation across national borders in order to be competitive. A company that operates their business in at least one country other than its country is called Multinational
The manner in which student directions are given and the materials necessary to finish the assignment. There will need to be much support with clear tasks. Teaching students note takings strategies, journaling, how to access online chats, blogs, interactive lessons, websites, and making class routines to incorporate question and answer sessions or quizzes to ensure students followed through an assignment (Schmidt & Ralph, 2016). A big challenge for teachers may be knowledge of videotaping, posting, using new technologies, adjusting lessons to use various media, and making changes to current lessons to fit new technologies (Chen, 2016; Mazur, Brown, & Jacobsen, 2015).
International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international production of physical goods and services such as finance, banking, insurance, and construction.
In a global environment, the strategies that managers pursue have a significant effect on a business performance as compared to the competitors. Hill and Jones define strategy as a set of actions that a company’s managers put in place in order to increase performance of the company (2013). When the strategies lead to a superior performance of a company relative to its competitors, then the company is said to be at a competitive advantage. This is a case study of Federal Express, in the small package express delivery industry. It
Evans and Richardson (2007), contend that globalized economic environment is complex and changes from time to time and this places a heavy responsibility on multinationals and other business enterprises. They are forced to adapt in order to deal with these factors for the benefit of their organizations. A company cannot ignore political issues when assessing the business environment in which it operates because it affects government policies such as licensing, regulation and taxation, which have a direct consequence on the activities of a business enterprise (Evans, & Richardson, 2007).
This report explores the challenges and trepidations faced by firms such as Multi-national companies (MNC), global institutions which involves in product or service transactions among different nations at high level of competition. Specifically the environmental factors that affect the trade and cannot be controlled by the companies in home or host countries are elaborated in detail with supporting real life trade examples. Can’t organisations grow without international business? The answer would be “no”, the business in their home market at the thrones of prolonged stagnation or at crisis seek for new customers and new talents to build their trade. Every business reaches its maturity stage of life cycle and looks for expansion. The best