HSC Topic 5: Global Business
Global Business Worksheet
12BS104 9.4 Nature of Employment Relations Worksheet
23/03/16
Page 1
Ms Giveen
Globalisation
Using your text book ‘HSC Business Studies - Getting Better Results’ and wider reading
1. Define globalisation
2. What is meant by the global economy?
3. Describe 2 trends in global trade since World War 1
4. Describe the 5 drivers of globalisation
5. List the factors accelerating the global economy which is key to the globalization
process
6. Analyse the drivers between global business and Australian domestic business
7. In percentage terms how many Australian businesses export their goods and
services?
Global Business Strategy
1. Provide a brief overview of the various methods of international expansion
2. There are 8 possible reasons for expansion, briefly list and describe each.
3. Complete the following questions using the stimulus material from your text p347
Prue manufactures a range of branded fashion singlets for plumbers. Following the recent reduction
in tariffs from 25% to 17.5%, Prue has decided to relocate her manufacturing operations to China to
take advantage of the greater flexibility of labour regulations in China compared to those in Australia.
a) Identify ONE source of change
b) Identify TWO stakeholders affected by the relocation to China
c) Outline the nature of globalisation
d) Describe a possible conflict that may emerge between two groups of
stakeholders over the relocation
e) Describe TWO reasons for expansion
f) Analyse two strategies that Prue’s managers could implement to improve labour
standards at the relocated plant
g) Analyse TWO methods of international expansion
12BS104 9.4 Nature of Employment Relations Worksheet
23/03/16
Page 2
Ms Giveen
4. Distinguish between a wholly owned subsidiary, a joint venture and a strategic
alliance
Specific Influences on Global Business
1. What is a specific influence on global business?
2. Explain how currency fluctuations can influence global business
3. How can a global business take advantage of global variations in interest rates?
4. Describe 2 reasons why businesses would borrow from overseas
5. Differentiate between protectionism and free trade
6. Describe the various protection methods that are available to governments
7. What impact can the WTO have on global business?
8. Identify on for each of the following on global business:
a.
b.
c.
d.
Financial
Legal
Political
Social Cultural
Managing Global Business
1. Why are so many global brands American? Can you think of any Australian global
brands?
2. What is meant by the term organisational structure?
3. Why would companies research a global market?
4. What is a staffing system?
5. Distinguish between ethnocentric, polycentric and geocentric staffing systems.
Management Responsibility in a Global Environment
1. Distinguish between a tax haven and transfer pricing
12BS104 9.4 Nature of Employment Relations Worksheet
23/03/16
Page 3
Ms Giveen
2. Briefly explain how the following are ethical issues facing managers in the global
environment:
a. Minimum standards of labour
b. Dumping illegal products
c. Ecological sustainability
3. Name 2 ways in which ecological sustainability would impact businesses direction.
12BS104 9.4 Nature of Employment Relations Worksheet
23/03/16
Page 4
Ms Giveen