1 Unit outline BUS303 INTERNATIONAL BUSINESS Unit Outline Unit Code Name of unit BUS303 International Business Unit description This unit, International Business, speaks to the future in which entrepreneurs and business innovators will operate. Business now takes place in a rapidly evolving economic environment fuelled by the internet, multimedia, and digital technology. This unit introduces students to theories and approaches to global markets and internationalisation, the cultural and ethical concerns of international business, theories of trade and investment, the impact of politics on international business, international markets and marketing practices, finance and human resources management in international business in order to prepare them for professional contexts that will be dynamically global and international. 1.1 Administrative details Associated higher education awards Duration Level Academic Staff Bachelor of Entrepreneurship and Innovation Bachelor of Accounting One Semester 2 Lecturer and Unit Coordinator: Dr Fazle Rabbi Email:
[email protected] Course Coordinator for Entrepreneurship and Innovation: Dr Mahfuz Ashraf Email:
[email protected] Course Coordinator for Accounting: Dr Asal Al-Odat Email:
[email protected] 1.2 Core or elective unit Core subject ☒ Elective subject Other (specify below) 1.3 Unit weighting Unit credit points Total course credit points 10 240 SECTION 1: GENERAL INFORMATION mailto:
[email protected] mailto:
[email protected] mailto:
[email protected] 2 Unit outline 1.4 Student workload Number of class hours per week Number of personal study hours per week Total workload hours per week 3 7 10 1.5 Delivery mode Mode Details ☒ Face to face On site study supported by secure access to the Learning Management System. ☒ Full-time Full-time study involves 4 units per semester. ☐ Part-time Part-time study involves 1 to 3 units per semester. 1.6 Work-integrated learning activity Not Applicable Not Applicable 1.7 Prerequisites and corequisites ☒ Yes ☐ No If yes, provide details of the prerequisite or co-requisite requirements below. BUS105 Economics 1.8 Other resource requirements ☐ Yes ☒ No If yes, provide details of the prerequisite or co-requisite requirements below. 2.1 Unit Learning Outcomes (ULO) On successful completion of this unit students will be able to: ULO1. Discuss and critique the impact of internationalisation on business practice. ULO2. Describe and critically review theories of international business including trade and investment, marketing, export and countertrade, finance, and human resource management. ULO3. Critically analyse and interpret the global activities of businesses. ULO4. Demonstrate a deep understanding of the variables that will impact global entrepreneurial activities. ULO5. Work collaboratively using high level teamwork skills, showing initiative and judgement in decision making and taking responsibility for one’s own learning and professional practice. SECTION 2: ACADEMIC DETAILS 3 Unit outline 2.2 Topics included in the unit Week Topic Prescribed Reading Assessment Timing 1 Market Globalisation and the Internationalisation of the Firm. Mike Peng, Klaus Meyer (2019). International Business, 3rd Edition, Cengage Publication Australia. Chapter 1 - Introduction: What is international business? Chapter 2 – Formal institution 2 Participants in International Business. Peng & Myer (2019) Chapter 3 – Informal Institution 3 Firm Resources Peng & Myer (2019) Chapter 4 - Firm Resources: Competitiveness and Growth 4 Mid-semester break 5 Business Across Borders Peng & Myer (2019) Chapter 5 – Trading Internationally Assessment 1: Case Study Analysis (Individual) 6 Invest Across Borders Peng & Myer (2019). Chapter6 – Investing abroad directly 7 Importance of Exchange Rate for International Business Peng & Myer (2019). Chapter 7 – Exchange rate 8 Global Integration Peng & Myer (2019). Chapter 9 – Global Integration and Multilateral Organisation 9 Firm on the Global stage Peng & Myer (2019). Chapter 11 - Starting International Business Assessment 2: Business Proposal (Individual) 10 Global Markets Peng & Myer (2019). Chapter 12 – Foreign entry strategy 11 Competitiveness in International Business Peng & Myer (2019). Chapter 13 – Competitive dynamics Assessment 3: (Part A): Presentation of Business Proposal and Group Criticism 12 Global strategy Peng & Myer (2019). Chapter 14 - Global Strategies and Acquisitions 13 Revision Assessment 3: (Part B): Submitting Updated Business Proposal Presentation Slides 14 Exam Preparation Week No Final Exam 15 Examination Week No Final Exam https://www.booktopia.com.au/search.ep?author=Mike%20Peng https://www.booktopia.com.au/search.ep?author=Klaus%20Meyer 4 Unit outline 2.3 Assessment Summary Type When assessed Weighting ULO cross reference Assessment 1: Case Study Analysis (Individual) Students must compose a 1000-word report focused on an organisation that they have specified in a given case. This assessment is based on a case study. The student will evaluate a business identified in the case study, and then, based on that company's profile, suggest a country where that company's business can be expanded. Week 5 30% ULO 1, 2, 3 & 4. Assessment 2: Business Proposal (Individual) 1500 words Students must use the theoretical and empirical knowledge acquired in this program to prepare a business proposal that will allow the proposed business to extend their operations abroad in a specific proposed country. That would be a draft business plan that they would have to submit to their peers in their next assessment. Week 9 40% ULOs 1,2,3 & 4 Assessment 3: (Part A): Presentation of Business Proposal and Group Criticism This assessment is a follow-up to Assessment No. 2. Students will have maximum 10 minutes to show their individual business plan with the required PowerPoint slides. For successfully completing this Part A of Assessment 3, each student will have to take notes of the peer criticisms and will be required to critique at least two other individual presentations. Assessment 3: (Part B): Submitting Updated Business Proposal Presentation Slides After addressing the criticism from their peers in Part A, updated presentation slides of each individual business plan must be uploaded in Moodle to be assessed by the lecturer. Week 11 & Week 13 Part A: 20% Part B: 10% ULOs 1,2,3, 4 & 5 5 Unit outline 2.4 Prescribed and recommended reading Prescribed Texts Mike Peng, Klaus Meyer (2019). International Business, 3rd Edition, Cengage Publication Australia. Recommended Readings Rothaermel. F. (2016). Strategic Management: Concepts, (3rd ed.). McGraw-Hill Education. Wheelan, T.L., Hunger. J.D., Hoffman. A.N., & Bamford, C.E. (2016). Strategic Management and Business Policy: Globalization, Innovation and Sustainability, (15th ed.). Boston Pearson Education. 2.5 Grade descriptions Grade Level /Quality of work Code Range High Distinction (outstanding performance) HD 85% and above Distinction (very high level of performance) D 75-84% Credit (high level of performance) C 65-74% Pass (competent level of performance) P 50-64% Fail (outright) (attempted all assessments but did not achieve 50%) F below 50% Fail Non-Submission (did not attempt all assessments and did not achieve 50%) FNS below 50% 2.6 Academic Misconduct – plagiarism, collusion, and cheating Crown Institute of Higher Education upholds the principle that academic integrity relies on the application of honesty in all scholarly endeavour. Students of CIHE will conduct themselves in their academic studies honestly and ethically and are expected to carefully acknowledge the work of others in all their academic activities. 2.6.1 Types of academic misconduct Academic misconduct involves cheating, collusion, plagiarism, or any other conduct that deliberately or inadvertently claims ownership of an idea or concept without acknowledging the source of the information. This includes any form of activity that negates the academic integrity of the student or another student and/or their work. Plagiarism occurs when students fail to acknowledge that the ideas of others are being used. Specifically, it occurs when: ● other people’s work and/or ideas are paraphrased and presented without a reference. ● other students’ work is copied or partly copied. ● other people’s designs, codes or images are presented as the student’s own work. ● phrases and passages are used verbatim without quotation marks and/or without a reference to the author or source. ● lecture notes are reproduced without due acknowledgement. Cheating occurs when a student seeks to obtain an unfair advantage in an examination or in other written or practical work required to be submitted or completed for assessment. Collusion (unauthorised collaboration) involves working with others without permission to produce work which is then presented as work completed independently by the student. Collusion is a form of plagiarism. Students should not knowingly allow their work to be copied. 6 Unit outline Students should be familiar with the Student Academic Integrity and Honesty Policy available on the CIHE website. 2.6.2 Avoiding academic misconduct CIHE follows APA style of referencing. Seek support from library and academic staff on avoiding academic misconduct and appropriate referencing. 2.7 Submission of assessment items Students are required to submit assessment items at the time and date specified in this Unit Outline. Assessment items submitted after the due date will be subject to a penalty unless the student has been given prior approval in writing for an extension of time to submit that item. 2.7.1 Penalties for late submission An assessment item submitted after the assessment due date, without an approved extension or without approved mitigating circumstances, will be penalised. The standard penalty is the reduction of the mark allocated to the assessment item by 10% of the total mark applicable for the assessment item, for each day or part day that the item is late. Assessment items submitted more than ten days after the assessment