General Information
International Business is a theoretical and practical introduction to the issues and complexities associated with doing business across borders. Business increasingly operates in an international context, either as a seller or buyer of services or merchandise. Knowledge of how business operates across borders is an essential element in the management of both small and large enterprises. The subject has an entrepreneurial focus. Key topics include frameworks for international environmental assessment, international strategic choices, modes of entry, and business functions and their application consistent with strategy.
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Details
Academic unit: Bond Business School Subject code: MGMT12-201 Subject title: International Business Subject level: Undergraduate Semester/Year: January 2024 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items: - Seminar: x12 (Total hours: 24) - Seminar 1
- Seminar: x12 (Total hours: 24) - Seminar 2
- Personal Study Hours: x12 (Total hours: 72) - Recommended study time & reviewing materials
Attendance and learning activities: Attendance at all sessions is expected. Students should notify the instructor of any absences with as much advance notice as possible. -
Resources
Prescribed resources: Books
- S. Tamer Cavusgil,Gary A. Knight,John R. Riesenberger (2019). International Business (Ebook via Library). 15th, Pearson Education
iLearn@Bond & Email: iLearn@Bond is the Learning Management System at Bond University and is used to provide access to subject materials, class recordings and detailed subject information regarding the subject curriculum, assessment, and timing. Both iLearn and the Student Email facility are used to provide important subject notifications.
Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
| Academic unit: | Bond Business School |
|---|---|
| Subject code: | MGMT12-201 |
| Subject title: | International Business |
| Subject level: | Undergraduate |
| Semester/Year: | January 2024 |
| Credit points: | 10.000 |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Standard |
| Workload items: |
|
| Attendance and learning activities: | Attendance at all sessions is expected. Students should notify the instructor of any absences with as much advance notice as possible. |
| Prescribed resources: | Books
|
|---|---|
| iLearn@Bond & Email: | iLearn@Bond is the Learning Management System at Bond University and is used to provide access to subject materials, class recordings and detailed subject information regarding the subject curriculum, assessment, and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
| Requisites: |
Nil |
|---|---|
| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Analyse environmental factors of international business including cultural, political, and legal differences, macro-economic and trade issues.
- Describe entry strategies and modes of entry including FDI, alliances and export.
- Describe the role of key business processes, including foreign exchange, financial management, tax, accounting, marketing, supply chain management, and human resource management in international business contexts.
- Apply international business concepts and theories to advise the international expansion aims of an entrepreneurial business.
- Express international business information in a clear, concise writing style tailored to a general audience.
- Deliver a clear, concise well-organised presentation using suitable visual aids.
- Demonstrate an appropriate awareness of cultural differences and global issues in consideration of typical international business tasks.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Computer-aided Test (Open) Complete a 60-minute short-answer test 20.00% Week 4 1,2,3 Oral Pitch Create a 5-8-minute video addressing an international business topic approved by the educator. 20.00% Week 5 1,2,3,4,5,6,7 Case Analysis Write a response to a case study. 30.00% Week 11 1,2,3,7 Project Prepare a research-based essay on a topic given by the instructor. 30.00% Week 12 1,2,3,4,6,7 - * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Computer-aided Test (Open) | Complete a 60-minute short-answer test | 20.00% | Week 4 | 1,2,3 |
| Oral Pitch | Create a 5-8-minute video addressing an international business topic approved by the educator. | 20.00% | Week 5 | 1,2,3,4,5,6,7 |
| Case Analysis | Write a response to a case study. | 30.00% | Week 11 | 1,2,3,7 |
| Project | Prepare a research-based essay on a topic given by the instructor. | 30.00% | Week 12 | 1,2,3,4,6,7 |
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Assessment criteria
| High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
|---|---|---|
| Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
| Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
| Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
| Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the lead educator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Academic Integrity
Bond University‘s Student Code of Conduct Policy , Student Charter, Academic Integrity Policy and our Graduate Attributes guide expectations regarding student behaviour, their rights and responsibilities. Information on these topics can be found on our Academic Integrity webpage recognising that academic integrity involves demonstrating the principles of integrity (honesty, fairness, trust, professionalism, courage, responsibility, and respect) in words and actions across all aspects of academic endeavour.
Staff are required to report suspected misconduct. This includes all types of plagiarism, cheating, collusion, fabrication or falsification of data/content or other misconduct relating to assessment such as the falsification of medical certificates for assessment extensions. The longer term personal, social and financial consequences of misconduct can be severe, so please ask for help if you are unsure.
If your work is subject to an inquiry, you will be given an opportunity to respond and appropriate support will be provided. Academic work under inquiry will not be marked until the process has concluded. Penalties for misconduct include a warning, reduced grade, a requirement to repeat the assessment, suspension or expulsion from the University.
Feedback on assessment
Feedback on assessment will be provided to students according to the requirements of the Assessment Procedure Schedule A - Assessment Communication Procedure.
Whilst in most cases feedback should be provided within two weeks of the assessment submission due date, the Procedure should be checked if the assessment is linked to others or if the subject is a non-standard (e.g., intensive) subject.
Accessibility and Inclusion Support
Support is available to students where a physical, mental or neurological condition exists that would impact the student’s capacity to complete studies, exams or assessment tasks. For effective support, special requirement needs should be arranged with the University in advance of or at the start of each semester, or, for acute conditions, as soon as practicable after the condition arises. Reasonable adjustments are not guaranteed where applications are submitted late in the semester (for example, when lodged just prior to critical assessment and examination dates).
As outlined in the Accessibility and Inclusion Policy, to qualify for support, students must meet certain criteria. Students are also required to meet with the Accessibility and Inclusion Advisor who will ensure that reasonable adjustments are afforded to qualifying students.
For more information and to apply online, visit BondAbility.
Additional subject information
As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Subject curriculum
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Global Business
The effects of globalisation on the conduct of international business.
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Economic environments
Macroeconomic factors affecting the decision about entering or leaving certain markets.
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Theory of global trade
Major trade theories including mercantilism, absolute and comparative advantage, and Porter’s diamond.
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Trade development
Types of trade barriers and the pros and cons of protectionism compared with free trade.
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Regional integration
Multilateralism compared with plurilateralism, and a survey of types of regional trade agreements, specifically EU, NAFTA and Brexit.
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Cultural environments
The meaning, interpretation and the effects of cross cultural management.
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Political and legal environments
Types of political systems, lobbying, corruption, and ethics. A survey of the four types of legal systems and how differences can affect disputes in international business.
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Opportunity assessment
Environmental analysis to determine the opportunities and risks of moving into new markets.
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Modes of entry: FDI
The growth of foreign direct investment as a means of doing business internationally and the OLI paradigm.
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Global strategy & control mechanisms
Levels of strategy and entry strategies including global, international, transnational, and multidomestic. Examine types of control systems consistent with each entry strategy.
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Modes of entry: Alliances
Alliances as a method of international expansion including licensing, franchising and joint ventures. Types of intellectual property protection.
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Modes of entry: Export
Challenges of export including documentation, letters of credit, countertrade, delayed payment of tariffs.
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Foreign exchange
FX trading, hedging instruments, and the structure of FX markets.
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Financial management
The role of CFO in an international business, and methods of raising capital in foreign currencies and working capital.
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Accounting & tax
Different accounting regimes and international tax focussing on ‘uncooperative tax havens’.
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Marketing & supply chain management
Standardisation and customisation in international markets and the adaption of marketing mix. The importance and function of supply chain management.
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International human resources
The strategic role of human resources in international business, staffing and training approaches, culture shock, and performance appraisal.