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Semester 1, 2013
THIS UNIT IS OFFERED IN: Hobart (Saturday) & by distance Teaching Team: Dr Fan Liang
Contact Details
Unit Coordinator: Campus: Room Number: Email: Phone: Fax: Consultation Time:
Dr Fan Liang Hobart Commerce Building Room 302 Fan.Liang@utas.edu.au +61 3 6226 1710 +61 3 6226 2170 11:00 12:00 on Mondays and Thursdays. Other times by appointment
Flexible Education Office Coordinator: Ms Latha Jeyaraj Campus: Room Number: Email: Phone: Launceston Building D, Room D126 Flexible.Education@business.utas.edu.au 1800 449 902 (toll free) or 61 3 6324 3186
Contents
Contact Details Page 2 Unit Description . Page 4 Intended Learning Outcomes and Generic Graduate Attributes. Page 5 Learning Expectations and Teaching Strategies Approach .. Page 6 Learning Resources .. Page 6 Details of Teaching Arrangements Page 8 Assessment Page 9
Submission of Coursework . Page 12 Academic Misconduct and Plagiarism .. Page 13 Study Schedule Page 16
Unit Description
International business has expanded dramatically over the past three decades and drawn the attention of business executives, government officials and academics. International business refers to a wide range of activities involving business transactions across national borders. Although international business has many similarities with domestic business, there are important differences. At the international level, the globalisation of the world economy and differences between countries present both opportunities and challenges to international businesses. Managers of international businesses need to take account of the complex environment when making strategic decisions and managing ongoing operations. The aim of this unit is to help students gain knowledge of three generic themes of international business, including the environmental context of international business, international business strategies, and operational management of international businesses. Students are also expected to develop skills to critically analyse practical issues related to these themes. As some contents of this unit are based on the concepts and principles of economics and management, students enrolling in this unit are required to have basic knowledge in economics and management. Students will be required to understand not only theoretical knowledge, but also develop skills and capabilities in applying the theoretical knowledge to real business practices. Extensive reading before and after classes is expected of students. Case studies will be incorporated in the teaching to expose students to the challenges facing international businesses and their managers.
Pre-Requisite/Co-Requisite Unit(s)
None.
Assessment Methods
Discussion; entry mode report.
The assessments and teaching activities in this unit have been designed to develop the following graduate attributes in students: Knowledge:
Extensive functional knowledge of theories and practices in international business Skills of acquiring and applying knowledge
Discussion.
Communication skills: Identify global opportunities and challenges by businesses Analyse and evaluate the internal and external conditions of international businesses Make practical recommendations for international businesses Locate, analyse and evaluate information from a variety of sources Report research findings in a structured and formatted way Use texts, figures, tables and graphs in writing
Business environment report.
Writing skills to communicate logical and purposeful discussion using different ways and formats
Problem-solving skills: Skills of critical thinking Ability to apply knowledge to practical issues Make practical recommendations for businesses
Business environment report; entry mode report. Business environment report; entry mode report. Business environment report; entry mode report.
Global perspective: Skills of working with people of diverse cultural backgrounds in a professional context Ability to analyse the effects of the global environment on international business activities
Learning Resources
Prescribed Text
Fisher, G, Hughes, R, Griffin, R, & Pustay, M 2006, International business: managing in the Asia Pacific, 3rd edn, Pearson Education Australia, NSW. Please note that though the above textbook is recommended the teaching will not be based solely on it. Materials from other sources will also be used in the teaching. Students may also use other similar textbooks.
Recommended Texts
The publications listed below are highly recommended for further reading on the topics covered in the unit: Bartlett, CA, Ghoshal, S, & Birkinshaw, J 2004, Transnational management: text, cases, and readings in cross-border management, 4th edn, Irwin-McGraw Hill, Boston. Browaeys, M-J & Price, R 2008, Understanding cross-cultural management, Prentice Hall-Financial Times, Harlow, England. Buckley, PJ & Casson, M 1976, The future of multinational enterprise, Macmillan, London. Caves, RE 1996, Multinational enterprise and economic analysis, 2nd edn, Cambridge University Press, Cambridge. Cavusgil, ST, Knight, G, Riesenberger, JR, Rammal, HG, & Freeman, S 2012, International business: the new realities, Australian edn, Pearson, NSW.
Dowling, PJ, Liesch, P, Gray, SJ & Hill, CWL 2009, International business: Asia-Pacific edition, McGraw Hill, Sydney. Dunning, JH 1993, Multinational enterprise and the global economy, Addison-Wesley, Reading, MA. Hanson, D, Dowling, PJ, Hitt, MA, Ireland, RD & Hoskisson, RE 2008, Strategic management: competitiveness and globalisation, 3rd edn, Thomson Learning, Victoria. Hill, CWL 2013, International business: competing in the global marketplace, 9th edn, McGraw-Hill, New York. Hill, CWL Cronk, T & Wickramasekera, R 2011, Global business today: Asia-Pacific edition, 2nd edn, McGraw-Hill Australia. Hymer, S 1976, The international operations of national firms: a study of direct foreign investment, MIT Press, Cambridge. Dowling, P, Festing, M & Engle, AD 2008, International human resource management: managing people in a multicultural context, 5th edn, Thomson, South Melbourne. Peng, MW 2011, Global business, 2nd edn, South-Western Cengage Learning, Mason, USA. Porter, ME 1990, The competitive advantage of nations, Free Press, New York. Rugman, AM & Brewer TL 2001, Oxford handbook of international business, Oxford University Press, Oxford. Wild, J & Wild, KL 2012, International business: the challenges of globalisation, Pearson, Boston.
Useful Websites
Academy of International Business (http://aib.msu.edu/) Australian Bureau of Statistics (http://www.abs.gov.au/) The Australian Department of Foreign Affairs & Trade (http://www.dfat.gov.au/) Australia-New Zealand International Business Academy (http://www.anziba.org/) Asian Development Bank (http://www.adb.org/) APEC (Asia-Pacific Economic Cooperation) (http://www.apec.org/) AUSTRADE (Australian Trade Commission) (http://www.austrade.gov.au/) 7
ASEAN (The Association of Southeast Asian Nations) (http://www.aseansec.org/) European Union (http://europa.eu/) IMF (International Monetary Fund) (http://www.imf.org/) OECD (Organisation for Economic Cooperation and Development) (http://www.oecd.org) UNCTD (United Nations Conference on Trade and Development) (http://www.unctad.org/) World Bank (http://www.worldbank.org) World Factbook (CIA) (https://www.cia.gov/library/publications/the-world-factbook/) WTO (World Trade Organisation) (http://www.wto.org/)
Students may enrol in this unit in either face-to-face or distance mode. Students enrol in the face-toface mode are required to attend the classes held in seven weekends while distance students need to complete similar tasks through MyLO. Assessment tasks will be arranged separately through MyLO for distance students and in class for face-to-face students, and no alternative assessment will
be arranged for students across the two modes. Students are therefore required to decide the mode suitable for their time availability before enrolling in this unit. Students need to ensure they have completed all the required tasks and achieved the learning outcomes for each module before they proceed to the next one. Past experience indicates that the time students spend on their study is positively correlated with their performance and results. Students must ensure they are able to allocate sufficient amount of time before enrolling in this unit.
Assessment
Assessment Schedule
In order to pass this unit you must achieve an overall mark of at least 50 per cent of the total available marks. Details of each assessment item are outlined below. Assessment Item 1. Discussion Participation Value 20 Due Date No more than two weeks later than the scheduled date of each module for distance students; In class for face-to-face students Monday, 8 April at 2:00 pm Monday, 3 June at 2:00 pm Length No specified
2. Business environment Report 3. Entry Mode Report (End-of-semester Assessment) Total marks
30 50 100
* Word Limit: The word count includes such items as headings, in-text references, quotes and executive summaries. It does not include the reference list at the end of the assignment.
approach to the discussion. The discussion will be held through MyLO posting for distance students and in class for face-to-face students. Students are required to attend either the MyLO discussion or the class discussion but not both, depending on their enrolled modes. Assessment Criteria: HD (80%100%) Well engaged and prepared DN (70%79%) Mostly engaged and prepared CR (60%69%) Reasonably engaged and prepared PP (50%59%) Partly engaged and prepared NN (0%49%) Some engagement and preparation Not specified No more than two weeks later than the scheduled date of each module for distance students; in class for face-to-face students 20 marks
Value:
In addition to common requirements for academic writing, the report should include the following elements:
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An executive summary of about half a page long prepared on a separate page A title, headings and page numbers About ten (10) intext citations and endreferences using Harvard referencing style See Page 16 2,500 words including the executive summary Monday, 8 April at 2:00 pm 30 marks
See Page 16 3,500 words including the executive summary Monday, 3 June at 2:00 pm 50 marks
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Submission of Coursework
Lodging Coursework
All Coursework must have the School of Management Assignment Cover Sheet, which is available as a blank template from the School of Management website at http://www.utas.edu.au/mgmt/student.htm. All assignments must include the tutors name on the assignment Cover Sheets when they are submitted. If this is not done the assignment will not be accepted and therefore will not be marked. Please remember that you are responsible for lodging your Coursework on or before the due date. We suggest you keep a copy. Even in the most perfect of systems, items sometimes go astray. Assignments must be submitted electronically through the relevant assignment drop box in MyLO. All coursework must be handed in by 2.00pm on the due date.
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For further information on this statement and general referencing guidelines, see http://www.utas.edu.au/plagiarism/ or follow the link under Policy, Procedures and Feedback on the Current Students homepage.
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Ability to identify, analyse and evaluate information to make arguments (20%) Ability to apply principles or theories to the issues (20%) Ability to draw conclusion and make recommendations based on prior discussion (20%) Ability to acknowledge sources and comply with Harvard citation style (20%)
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Study Schedule
Week Start of Week 25 February 4 March 11 March 18 March 25 March 3 International trade and investment theories Ch. 2 2 International business environment Chs. 5, 6, 7, 8 & 11 Module Topic Text Chapter Ch. 1 Due Dates
1 2 3 4 5
Easter Break: Thursday, 28 March Wednesday, 3 April 2013 inclusive Week 5 Thursday, 4 (contd) April 6 8 April Classes resume 4 International trade and investment policies
Chs. 4 & 9
7 8 9 10 11 12 13
15 April 22 April 29 April 6 May 13 May 20 May 27 May 7 Foreign exchange and international monetary system Ch. 3 6 International entry strategies Ch. 11 5 International strategic and organisational management Chs. 10 & 12
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