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Unit outline_

MIBS6001: Global Business Environment

Semester 1, 2021 [Normal evening] - Remote

This unit aims to build a systematic approach to analysing contemporary developments in the global business environment. Topics covered include political regulation and political risk, international cooperation on trade and investment, the diversity of capitalism, technological and social change, and business responses to climate change. Business responses to the global business environment is a focus, with students actively learning through real-world cases, problem-solving and workshops. The unit provides students with the opportunity to develop skills in comparative and country analysis, assessing and managing risk and identifying business opportunities, designing risk identification and forecasting systems, as well as a consideration of ethics and human rights in business.

Unit details and rules

Academic unit International Business
Credit points 6
Prerequisites
? 
None
Corequisites
? 
MIBS6002
Prohibitions
? 
IBUS6001 or IBUS6002
Assumed knowledge
? 

None

Available to study abroad and exchange students

No

Teaching staff

Coordinator Yi Li, yi.li2@sydney.edu.au
Type Description Weight Due Length
Final exam (Record+) Type B final exam Final exam
Written exam
40% Formal exam period 1.5 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Participation Participation through Class Q&A
Lecture Participation through Q&A
10% Multiple weeks Week 2 to Week 13
Outcomes assessed: LO1 LO5 LO3 LO2
Assignment group assignment Group Report
Case Analysis Report for Group Assignment
20% Week 07
Due date: 25 Apr 2021 at 23:59

Closing date: 02 May 2021
3000 words
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Assignment Individual report
Analysis Report about the Assigned Case from the Lecturer.
30% Week 11
Due date: 23 May 2021 at 23:59

Closing date: 30 May 2021
3000 words
Outcomes assessed: LO1 LO2 LO3 LO4
group assignment = group assignment ?
Type B final exam = Type B final exam ?

Assessment summary

I. Group Report

The purpose of the group task is to learn more about the practical relevance of the concepts discussed in the unit. For this task students have to form teams of 6 members latest by week 4. Each team has to choose a recent (within that last 24 months) firm-level event/news relevant to the global business environment that demonstrates the practical relevance of one concept discussed in the lectures. Teams are then required to prepare a written report of 2500 words excluding references, tables, and figures (minimum 2000 words, maximum 3000). It is recommended to look for business stories in top business publications such as The Wall Street Journal, Business Week, The Economist, Fortune, and Forbes. Major newspapers can also be used. The report should have the following structure:

 

- Introduction: Introduce your report to the reader by explaining what you are about to do in this report

- Explanation of the firm-level event/news: Explain what the event/news is about. Do not only summarize the news but also provide additional background information on the event and the firms or institutions involved.

- Discussion: Explain how the discussed event/news demonstrates the practical relevance of one concept covered in the unit. Here you should discuss how exactly the event/news relates to or can be explained by one concept from the lectures. To this end you should discuss the concept in greater

depth and detail than it is covered in the lecture. This involves that you identify, read and cite additional sources such as academic journal articles or book chapters that are related to the concept you discuss.

- Reference list: Provide a proper reference list with the references quoted in your paper at the end of the report. It is essential that you provide the full citation details of each reference! Please see the University of Sydney Business School Referencing Guide for further information:

http://libguides.library.usyd.edu.au/c.php?g=508212&p=3476096

 

Grading of this task will be based on how effective the analysis is, how well it relates to your practical

suggestions, and the depth of your discussion and breadth of resources used in your report.

Teams are required to inform their lecturer/tutors about their chosen topic by Week 5 at the latest. Lecturer/Tutors will make sure all topics are evenly selected for all groups. Thus, if a topic has already been claimed by enough teams (depending on class size and number of topics), no additional team can choose the same topic. So please be quick in selecting and claiming your topic (First Come First Serve)!

The reports are to be submitted through the Turnitin link “Group Report” provided in Canvas before the due date. No extensions of this deadline will be granted! Late penalties apply as specified in the

Business School and University policies and procedures:

http://sydney.edu.au/business/currentstudents/policy.

If you have technical problems submitting the report, please contact the ICT Service Desk below:

https://sydney.edu.au/students/learning-in-canvas-and-blackboard.html

Important: Please prepare a cover page for your group report. Please provide on this page the full names and SIDs of all group members, the title of your report, and the name of your tutor. When saving the document, the file name should indicate the last name of the tutor, the last names of all group members, and the title of the report. If you do not conform to these formatting instructions you will receive minus points.

 

l Assessment Criteria

1. Depth of disciplinary expertise

In the Group Report, students are required to utilize international business knowledge learned from the lectures for their problem-solving. In the Discussion part of this report, students should utilize international business knowledge to analyse how exactly the event/news of Global Business Environment relates to or can be explained by the concept/theory/framework/perspective from the lectures. This criterion is measured by:

- How well does the report relate to international business knowledge learned from the course

- Depth and breadth of course knowledge/resources used in the written report

2. Critical thinking and problem solving

In the Group Report, students are required to integrate the knowledge from the lectures and discuss the chosen event/news about Global Business Environment. This criterion is measured by:

- Critically apply the business concept, framework, and international business theory to solve practical

business problems

- Depth of analysis in report

3. Communication (Written)

In the Group Report, students are required to follow the group project guidance for writing. This criterion is measured by:

- Clarity of expression (including accuracy, spelling, grammar, punctuation)

- Conforming to instructions (e.g., word lengths, reference list, etc.)

 

 

 

II. Individual Assignment

In the Individual Assignment you have to read the case provided in Canvas and prepare a written case analysis of 2500 words (minimum 2000 words, maximum 3000). The case analysis should involve the following components:

 

- Briefly summarize the case

- Present a short history of the company(s) featured in the case including its internationalization process starting with the first steps abroad until today (make sure to provide information that goes beyond the information already provided about the company in the cases).

- Provide detailed analysis and practical suggestions for the main Global Business Environment related concerns from this Case.

 

Important: To follow the requirements of Anonymous Marking, please DO NOT put your name and your Lecturer & tutor’s name on this individual report. A cover page is NOT needed for this assignment. Please add your SID only on each page of your submitted report. If you do not conform to these formatting instructions you will have 20% points deducted.

The case analysis is to be submitted through the Turnitin link “Individual Assignment” provided in Canvas before the due date. No extensions of this deadline will be granted! Late penalties apply as

specified in the Business School and University policies and procedures:

http://sydney.edu.au/business/currentstudents/policy.

If you have technical problems submitting the report, please contact the ICT Service Desk below:

https://sydney.edu.au/students/learning-in-canvas-and-blackboard.html

 

l Assessment Criteria

1. Depth of disciplinary expertise

In the Individual Assignment, students are required to utilize international business knowledge learned from the lecture for the case analysis report. In discussion part of this report, students should demonstrate the practical relevance of chosen international business concept/theory/model/framework to the case event. This criterion is measured by:

- How well does the case event related to the selected concept/theory/model/framework from this course

- Depth and breadth of course knowledge/resources used in the written report

2. Critical thinking and problem solving

In the Individual Assignment, students are required to integrate the knowledge from the lecture to discuss focal event in the given case. This criterion is measured by:

- Critically apply the business concept, framework, and international business theory to solve business problems

3. Communication (Written)

In the Individual Assignment, this criterion is measured by:

- Clarity of expression (including accuracy, spelling, grammar, punctuation)

4. Information Literacy

In the Individual Assignment, this criterion is measured by:

- Effectiveness of information integration in the case analysis report

 

 

 

III. Participation

Participation is required for the course. Students are required to actively participated in Q&As of each lecture.

 

Assessment Criteria

1. Communication (Oral)

This criterion is measured by:

- Quality and Creativity of the Answer: Logical organization of the answer and clarity of

presentation.

2. Influence

This criterion is measured by:

- Time Management: the student has good time control to answer the question in the lecture.

- Quality of Answer: Logical organization of the answer and clarity of

presentation. Free presentation for the student to answer the question, not just read from notes or

slides.

 

 

 

IV. Final Exam

The final exam will test your understanding of and ability to apply key concepts from the unit. The exam will cover material from lectures. The final exam will be held during the exam period. It is a closed-book exam that covers all the lectures. There will be two parts:

- In part one you are required to answer a number of multiple-choice questions. You will have to choose the right answer out of four options. You will receive points for a multiple-choice question only if you select the right answer. You will receive no points in any of the following cases: you tick the wrong box; you tick no box.

- In part two you will have to answer a series of short-answer questions related to the course contents. If you cannot attend the exam due to sickness or other reasons, you need to be aware of the conditions and procedures to apply for special consideration under the Business School Policy for Special Consideration:

https://sydney.edu.au/students/special-consideration-and-arrangements.html

 

Assessment Criteria

1. Depth of disciplinary expertise

In the Final Exam, students are required to utilize international business knowledge learned from Week 2 to Week 13 to solve Global Business Environment problems in multiple choice questions (MCQ) and short answer questions.

This criterion is measured by:

- How well does the student use knowledge from this course to solve business problems in MCQ part

- How well does the analysis in short answer question part relate to international business knowledge learned from the course

- Depth and breadth of course knowledge/resources utilized in the short answer question part

2. Critical thinking and problem solving

In the Final Exam, students are required to integrate the international business knowledge from Week 2 to Week 13 to answer questions about Global Business Environment in short answer question part. This criterion is measured by:

- Critically apply the business concept, framework, and international business theory to solve Global Business Environment problems

- Depth of analysis in student’s answers

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Distinction

75 - 84

Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Credit

65 - 74

Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.

Pass

50 - 64

Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school. 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

Late penalties apply as specified in the Business School and University policies and procedures:http://sydney.edu.au/business/currentstudents/policy. If you have technical problems submitting the report, please contact the ICT Service Desk below:https://sydney.edu.au/students/learning-in-canvas-and-blackboard.html

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

Use of generative artificial intelligence (AI) and automated writing tools

You may only use generative AI and automated writing tools in assessment tasks if you are permitted to by your unit coordinator. If you do use these tools, you must acknowledge this in your work, either in a footnote or an acknowledgement section. The assessment instructions or unit outline will give guidance of the types of tools that are permitted and how the tools should be used.

Your final submitted work must be your own, original work. You must acknowledge any use of generative AI tools that have been used in the assessment, and any material that forms part of your submission must be appropriately referenced. For guidance on how to acknowledge the use of AI, please refer to the AI in Education Canvas site.

The unapproved use of these tools or unacknowledged use will be considered a breach of the Academic Integrity Policy and penalties may apply.

Studiosity is permitted unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission as detailed on the Learning Hub’s Canvas page.

Outside assessment tasks, generative AI tools may be used to support your learning. The AI in Education Canvas site contains a number of productive ways that students are using AI to improve their learning.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 Introduction and Course Overview Seminar (3 hr)  
Week 02 Report-writing Workshop Seminar (3 hr)  
Week 03 Political and Regulatory Environment Seminar (3 hr)  
Week 04 Economic Environment Seminar (3 hr)  
Week 05 Social and Cultural Environment Seminar (3 hr)  
Week 06 Technological Environment and CSR Seminar (3 hr)  
Week 07 Theories of Global Business Environment Seminar (3 hr)  
Week 08 Global Business Environment in Practice Seminar (3 hr)  
Week 09 Global Business Environment in Different Markets Seminar (3 hr)  
Week 10 Trade Policy Seminar (3 hr)  
Week 11 International HRM Seminar (3 hr)  
Week 12 Springboard Perspective and Linkage-Leverage-Learning Theory Seminar (3 hr)  
Week 13 Unit Review Seminar (3 hr)  

Attendance and class requirements

Lecture recording: All lectures and seminars are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Hill, C., Hult, T., Wickramasekera, R., Liesch, P., and Mackenzie, K. (2017). Global Business Today. Asia-Pacific Perspective. 4th Edition. McGraw-Hill.

All further readings for this unit can be accessed on Canvas.

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. use conceptual frameworks for analysing the political, economic, social, technological and ecological factors impacting on global business operations
  • LO2. apply your knowledge about the global business environment to actual business situations
  • LO3. conduct a country attractiveness assessment and understand the implications of country risks and opportunities for a firm expanding internationally
  • LO4. enhance your report-writing and written communication skills
  • LO5. incorporate ethical and social responsibility into business decision-making.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

No changes have been made since this unit was last offered.

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.