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LO1 Put in context globalisation’s impact on business
Scheme of Work
Academic Year 2020-21
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:
Poster Presentation- 1000 words
Report- 1,500 words
Weekly Schedule
Week
Topic/ Content
Session Activities/Reading
1
1st 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:
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)
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), 5th Edition, Pearson
1
2nd Session: 3 Hours Tutorial
Recap of 1st session
Tutorial slides week 1
ACTIVITY:
What is globalisation?
Trace the history of globalisation.
What are the barriers to trading across borders?
What are the benefits of internationalising your business?
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
1st Session: 4 Hours
Global Thinking and
READING:
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)
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)
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, 3rd Edition, Pearson
laws on IPRs.
2nd Session: 3 Hours
Tutorial
Tutorial slides week 2
Recap of 1st 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
1st Session: 4 Hours
READING:
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
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
2nd Session: 3 Hours
Recap of 1st session
Tutorial slides week 3
ACTIVITY:
Assignment focus- PowerPoint presentation support and feedback.
Layout and Format of extended script- students to complete the cover page, table of contents, and introduction.
4
1st Session: 4 Hours
READING:
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
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
2nd 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:
Assignment brief and guidance notes
Lecture notes on VLE
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, 8th Edition, Pearson
Sloman, J. and Jones, E. (2017) Essential Economics for Business (formerly Economics and the Business Environment), 5th Edition, Pearson
McAleese, D. (2004) Economics for Business: Competition, Macro-Stability and Globalisation, 3rd 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.co m . Last accessed [accessed July2019]
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