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Unit outline_

MIBS6001: Global Business Environment

Semester 1, 2022 [Normal evening] - Camperdown/Darlington, Sydney

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 Stefan Volk, stefan.volk@sydney.edu.au
Type Description Weight Due Length
Final exam (Record+) Type B final exam Final exam
Final exam consisting of MC and short essay questions
40% Formal exam period 1.5 hours
Outcomes assessed: LO1 LO2 LO4
Assignment Individual Report
Case Analysis
30% Week 05
Due date: 25 Mar 2022 at 16:00

Closing date: 01 Apr 2022
3,000-4,000 words
Outcomes assessed: LO1 LO2 LO4
Assignment group assignment Group project
Group presentation and submission of extended slide deck
30% Week 07
Due date: 04 Apr 2022 at 13:00

Closing date: 11 Apr 2022
20 min presentation + extended slides
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
group assignment = group assignment ?
Type B final exam = Type B final exam ?

Assessment summary

Final exam: The final exam will test students’ understanding of and ability to apply key concepts from the unit. The exam will cover material from assigned readings, lectures, and tutorials. The final exam will be held during the exam period. It is a closed-book exam that covers all the lecturers and tutorials.

Group project: In the group project students will work on a news flash task to learn more about the practical relevance of the concepts discussed in the unit. For this task students have to form teams and each team has to choose a recent event/news in the business world that demonstrates the practical relevance of one concept discussed in the lectures or assigned readings. Teams are then required to prepare a written report and a presentation of their work.

Individual report: Students have to prepare a case analysis on a case provided at the begining of the semester.

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

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.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

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) LO1 LO2 LO3 LO4 LO5
Week 02 Lecture: Country differences: Part 1 / Tutorial: Library and report writing workshop Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 03 Lecture: Country differences: Part 2 / Tutorial: Language and globalization case study Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 04 Lecture: Ethics in international business / Tutorial: Following Lance Armstrong case study Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 05 Lecture: International trade and factor mobility: Part 1 / Tutorial: Global wine war case study Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 06 Lecture: International trade and factor mobility: Part 2 / Tutorial: Workshop on team projects Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 07 Lecture: Global expansion / Tutorial: Team project presentations Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 08 Lecture: Global organization / Tutorial: Team project presentations Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 09 No class - ANZAC Day Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 10 Lecture: Foreign direct investment: Part 1 / Tutorial: Resuming internationalization at Starbucks case study Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 11 Cross-cultural M&A exercise Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 12 Lecture: Foreign direct investment: Part 2 / Tutorial: TNK-BP case study Seminar (3 hr) LO1 LO2 LO3 LO4 LO5
Week 13 Unit review Seminar (3 hr) LO1 LO2 LO3 LO4 LO5

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

All readings for this unit can be accessed on Canvas. You will be expected to complete the ssigned readings for each seminar.

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. identify, collect, classify, evaluate, and utilise information to prepare an international business news flash report
  • LO4. explain and analyse key problems of multinational corporations, and conclude with convincing solutions within real-world constraints
  • LO5. develop skills to work with people from diverse national backgrounds with inclusiveness, open-mindedness and integrity

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.