LO1 Put in context globalisation’s impact on business

Module Code and Title:

Global Business Aspects

Module Leader:

Module Outline

The module seeks to provide an introductory background knowledge to Global business and aims to provide a perspective on globalisation and how it affects business decisions and the challenges of internationalising your business. You will explore and understand the impact of culture in a changing global workplace in international business and develop a range of effective management strategies in response to the global environment.

Learning outcomes:

LO 1

Put in context globalisation’s impact on business;

LO 2

Understand WTO and de-regulation across markets;

LO 3

Analyse the functions of an organisations’ functions and culture within a globalised or multinational business.

Assessment Outline:

Formative:

Weekly Activities focusing on the summative assessment.

Summative:

1. Poster Presentation- 1000 words
2. Report- 1,500 words

Weekly Schedule

Week

Topic/ Content

Session Activities/Reading

1

1^st Session: 4 Hours Introduction

Tutor-Led

It is essential to ensure learners understand the module learning outcomes, the indicative content, and the assignment brief.

A detail explanation of how to access support, learning resources and expectations including citations and referencing.

Online Rules-Tutor to explain the significance of maintaining the rules. READING:

Core Texts:

1. Worthington, I., Britton, C. and Thompson, E. (2018) The Business Environment: A Global Perspective, 8th Edition, Pearson

Chapter 3: The Global Context of Business (p 39)

Chapter 9: International Business in Action: Migration (p 225) Chapter 13: International Business in Action: A little of bottle (p 337)

1. Lecture slides week 1

To introduce the module

learning             outcomes,

content      delivery,     and

assessment.

Global Business Aspects:

1.  Globalisation      in

Context: meaning,    history,     and economic drivers behind globalisation

2.  Globalisation   and

Business:

benefits and barriers to

internalisation                of

business.

Additional Reading: -

Sloman, J. and Jones, E. (2017) Essential Economics for Business

(formerly Economics and the Business Environment), 5^th Edition, Pearson

1

2^nd     Session:     3         Hours Tutorial

Recap of 1^st session

Tutorial slides week 1

ACTIVITY:

1. What is globalisation?
2. Trace the history of globalisation.
3. What are the barriers to trading across borders?
4. What are the benefits of internationalising your business?
5. Explain the economic drivers behind globalisation.

Use the reading materials on the VLE and additional reading

Workshop- Using the notes you have prepared in Activity 1 above, prepare a Poster for your business. Tutor to lead and encourage students to prepare the poster.

Action: Students to work on completing the Poster for feedback in week 2 tutorial session.

Tutor to use the sample poster on the VLE to guide students and provide immediate feedback.

2

1^st Session: 4 Hours

Global      Thinking      and

READING:

1. Worthington, I., Britton, C. and Thompson, E. (2018) The Business Environment: A Global Perspective, 8th Edition, Pearson

Chapter 16: International Markets and Trade (p 389)

1. Sloman, J. and Jones, E. (2017) Essential Economics for Business (formerly Economics and the Business Environment), 5th Edition, Pearson

Chapter 12: The global trading environment (p 289)

1. Lecture slides week 2

Additional Reading:

Competing         in         an

International

Environment:

Trading Blocs; the impact

of       dealing       in       an

international             scale;

businesses      in      global

markets and the role of

regional                  offices,

subsidiaries,                 and

distribution     agreements;

protecting      ‘Know-How’ and IPRs and dealing with

countries  who  have  no

McAleese, D. (2004) Economics for Business: Competition, Macro-Stability and Globalisation, 3^rd Edition, Pearson

laws on IPRs.

2^nd    Session:    3    Hours

Tutorial

Tutorial slides week 2

Recap of 1^st session

ACTIVITY:

Brief Tutor-led overview of the main contents of the presentation. Feedback-Poster

Class discussion: Is free trade good or bad?

Individual Activity

Prepare a PowerPoint presentation to demonstrate understanding of WTO and de-regulation across markets.

3

1^st Session: 4 Hours

READING:

1. Worthington, I., Britton, C. and Thompson, E. (2018) The Business Environment: A Global Perspective, 8th Edition, Pearson

Chapter 17: International Business in Action: Working with the grain (page 417)

Chapter 18: Strategy and Changing Environment

1. Sloman, J. and Jones, E. (2017) Essential Economics for Business (formerly Economics and the Business Environment), 5th Edition, Pearson

Chapter 7: Multinational corporations and business strategy in a global economy (page 160)

Organisational Culture and Climate:

Explain the consequences of national cultures on global businesses.

Explore different marketing approaches/ strategies for MNCs.

Additional Reading:

Weatherly, P. and Otter, D. (Eds) (2014), The Business Environment:

Themes and Issues in a Globalised World. 3rd Ed. Oxford: Oxford

University Press.

3

2^nd Session: 3 Hours

Recap of 1^st session

Tutorial slides week 3

ACTIVITY:

1. Assignment focus- PowerPoint presentation support and feedback.
2. Layout and Format of extended script- students to complete the cover page, table of contents, and introduction.

4

1^st Session: 4 Hours

READING:

1. Worthington, I., Britton, C. and Thompson, E. (2018) The Business Environment: A Global Perspective, 8th Edition, Pearson

Chapter 17: International Business in Action: Working with the grain (page 417)

Chapter 18: Strategy and Changing Environment

1. Sloman, J. and Jones, E. (2017) Essential Economics for Business (formerly Economics and the Business Environment), 5th Edition, Pearson

Chapter 7: Multinational corporations and business strategy in a global economy (page 160)

Operations    and    Supply

Chain

Explore                 different international marketing entry strategies.

Understanding              the extended supply chain in global markets.

4

2^nd Session: 3 Hours Revision:

Re-visit the key concepts and issues covered in the module and link to the requirements of the assignment brief.

Help students to plan their assignment in a structured way using the suggested layout.

READING:

1. Assignment brief and guidance notes
2. Lecture notes on VLE
3. Additional reading materials on VLE.

ACTIVITY:

Students to work on their assignment and tutor provides support and guidance.

Help learners understand how to answer questions using different approaches such as PEEL (point, explain, evidence and link), DDA (define, develop, and apply) that demonstrates knowledge,

application, and evaluation of concepts.

Facilitate 1-1 sessions with learners.

Reading and Resources

Books

Worthington, I., Britton, C. and Thompson, E. (2018) The Business Environment: A Global Perspective, 8^th Edition, Pearson

Sloman, J. and Jones, E. (2017) Essential Economics for Business (formerly Economics and the Business Environment), 5^th Edition, Pearson

McAleese, D. (2004) Economics for Business: Competition, Macro-Stability and Globalisation, 3^rd Edition, Pearson

Ohmae, K., 1990. The Borderless World, New York: Harper Business.

Weatherly, P. and Otter, D. (Eds) (2014), The Business Environment: Themes and Issues in a Globalised World. 3rd Ed. Oxford: Oxford University Press.

Palmer, A. and Harftley, B. (2011), The Business Environment. 7th Ed., Maidenhead: McGraw-Hill.

Journals

Research in Globalisation. Available: https://www.journals.elsevier.com/research-in-globalisation . Last accessed [accessed July2019]

Journal of Business and Globalisation. Available: https://www.indetscience.com/info/inarticletoc.php?jcode=ijbg&year=2019&vol=22&issue=3 . Last accessed [accessed July2019]

Journal of Comparative International Management. Available: https://journals.lib.unb.ca/index.php/JCIM/index . Last accessed [accessed July2019]

Development and Change. Available: https://onlinelibrary.wiley.com/journal/14677660 . Last accessed [accessed July2019]

Journal of Operations Management. Available: https://journals.elsevier.com/journal-of-operations- management . Last accessed [accessed July2019]

Bloomberg Business Week. Available: https://bloomberg.com/businessweek. Last accessed [accessed July2019]

Financial Times. Available: https://www.ft.com/ . Last accessed [accessed July2019]

The Economist. Available: https://www.economist.com . Last accessed [accessed July2019]