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International Business Operations

  • Module code: BO6201
  • Year: 2018/9
  • Level: 6
  • Credits: 30
  • Pre-requisites: None
  • Co-requisites: None

Summary

International Business Operations is designed to develop your ability to assess the business environment faced by an international company and evaluate opportunities and risks in international market places. This module will help you develop decision making skills in operational issues for international companies. Class will be delivered by the combination of lecture and tutorials

This module will include the following topics: global market environment, international market entry modes, international trade, risk management, culture and international human resource management, global operations, international marketing, international finance, business ethics and corporate social responsibility.

Aims

  • To evaluate the opportunities and risks in international business from the perspectives of the different business functions (corporate, operations, marketing, finance, HRM, etc) of firms in a variety of industries
  • To develop decision making skills in operational issues for international firms and their managers

Learning outcomes

On successful completion of the module, students will be able to:

  • Use the opportunity/risk trade-off framework to assess various business decisions
  • Understand the key dimensions of certain managerial cultures and assess their impact on external and internal relationships
  • Apply the concepts of risk assessment, risk diversification, flexibility and learning in the context of international business operations
  • Research an international business situation and present and defend reasoned recommendations for action
  • Work individually to prepare an academic essay and business report

Curriculum content

  • Models for assessing international business environment
  • Entry modes and the partner interaction issues in international strategic alliances
  • Procedures, documents, and INCOTERMS used in international trade
  • The analysis and management of risk in international business; the control/risk/return trade-offs
  • Foreign exchange risks and their management; cash flow management; transfer pricing
  • The management of cultural diversity and its relevance for IHRM and relationships with business partners
  • Location decisions
  • Global operations
  • International logistics
  • Social responsibility and ethical issues in international business
  • Future trends in international business

Teaching and learning strategy

There will be a lecture every week. Teaching sessions will be supported by regular Canvas postings which will include the following: PowerPoint slides, Case study materials and other learning materials. Much of these sessions will be delivered by discussions of cases and examples in a number of international business situations to supplement theoretical learnings. An interactive session will be organized to maximize students' engagement throughout the session.

There will be a tutorial every week where students are expected to participate actively in case study discussions. They are required to read extensively from recommended readings and use any other materials to collect background information on industries and companies featured in a number of case studies. Case studies will allow students to work in a small group and apply the theories they have learnt previously into the practice. After a group discussion, students will receive feedbacks from the tutor.

Formative feedback will be given to students in these teaching sessions to help them understand how well they have applied concepts and ideas, and suggest how they can do this more effectively in the future.

A comprehensive supplementary reading list will be provided for each topic. They are expected to consult a variety of source types including some articles from academic journals.

Breakdown of Teaching and Learning Hours

Definitive UNISTATS Category Indicative Description Hours
Scheduled learning and teaching Lecture and tutorials 66
Guided independent study 234
Total (number of credits x 10) 300

Assessment strategy

The students will work on international business operation-related issues and problems individually. Summative assessment will be a combination of two individual coursework.

  • Individual assignment 1 (50%)

In order to demonstrate their in-depth understanding of themes developed on the module, students will write about how to solve the problems faced by international companies. This project will run throughout the first teaching block and will be submitted at the end of the first teaching block. The maximum word count is 2000 words.

  • Individual assignment 2 (50%)

This is where the students can demonstrate the level of integrated understanding and knowledge which they have accumulated throughout the module. The questions related to the key topics learnt in class will be asked. The students need to answer these questions by making full use of all the materials available on books, papers, newspapers, internet, etc. This assignment will run throughout the whole teaching block and will be submitted towards the end of the second teaching block. The maximum word count is 2000 words.

Mapping of Learning Outcomes to Assessment Strategy (Indicative)

Learning Outcome Assessment Strategy
1) Work individually to prepare an academic essay and business report. Individual assignment 1 & 2
2) Research an international business situation and present and defend reasoned recommendations for action. Individual assignment 1
3) Apply the concepts of risk assessment, risk diversification, flexibility and learning in the context of international business operations. Individual assignment 2
4) understand the key dimensions of certain managerial cultures and assess their impact on external and internal relationships. Individual assignment 2
5) Use the opportunity/risk trade-off framework to assess various business decisions. Individual assignment 1

Elements of Assessment

Description of Assessment Definitive UNISTATS Categories Percentage
Individual assignment 1 Coursework 1 50%
Individual assignment 2 Coursework 2 50%
Total (to equal 100%) 100%

Achieving a pass

It IS NOT a requirement that the element of assessment is passed separately in order to achieve an overall pass for the module.

Bibliography core texts

Lasserre, P. (the latest edition) Global Strategic Management, Palgrave Macmillan.

Bibliography recommended reading

  • Daniels, J., Radebaugh, L., and Sullivan, D. (the latest edition) International Business: Environments and Operations, Global Edition, Pearson.
  • Dicken, P. (2003) Global Shift: Reshaping the Global Economic Map in the 21st Century, 4th ed, The Guildford Press.
  • Grant, D. (2102) Logistics Management, Pearson. Chapter 11.
  • Griffin, R. W. and Putsay, M. W. (the latest edition) International Business, International Edition, Pearson.
  • Hill, C. W. L. (the latest edition) International Business: Competing in the Global Market Place, McGraw-Hill
  • Mangan, J., Lalwani, C., Butcher, T., and Javadpour, R. (the latest edition) Global Logistics and Supply Chain Management, John Wiley & Sons. Chapter 8
  • Prahalad, C. K. and Doz, Y. L. (1999) The Multinational Mission: Balancing Local Demands and Global Vision, Free Press.
  • Warner, M. and Joynt, P. (2002) Managing across cultures: Issues and Perspectives, 2nd ed, Thomson Learning.

Specialist Journals

Journal of World Business, Management International Review, Journal of International Business Studies, International Business Review, Harvard Business Review, European Management Journal, World Financial Markets, OECD Observer

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