BTEC LEVEL 3 IN BUSINESS-YEAR 13 MICHAELMAS TERM 2024 TERM 1: 02/09/2024 – 06/12/2024 UNIT NUMBER: 5 GUIDED LEARNING HOURS: 60 UNIT LEVEL: 3 LECTURER’S NAME: MR. SAMSON MUTUKU RECOMMENDED READING: Textbooks 1. HAMILTON, L. and WEBSTER, P. (2018) The International Business Environment. 4th ed. Oxford: OUP. 2. NORTHOUSE, P. (2018) Leadership: Theory and Practice. 8th ed. London: SAGE Publications. 3. WILD, J. and WILD, K. (2019) International Business: The Challenges of Globalization (Global Edition). 9th ed. Harlow: Pearson. Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 1 of 8 09-Sep-24 Introduction International business has a significant influence on a nation’s economy. It takes place in a globally competitive environment, involving organisations of all types and sizes. Organisations engaged in international business activities need to take into account a number of factors, such as the culture and politics of the country with which they want to do business. Governments can influence international business to maximise the benefits to the national economy and countries join international trading blocs to promote and protect international business. In this unit, you will explore the benefits and issues associated with international business activities. You will investigate the economic and wider external environments that influence the choice of international markets. You will also examine the strategic and operational approaches to developing business in an international context. To complete the assessment task within this unit, you will need to draw on your learning from across your programme. This unit will give you a greater understanding of the global business environment to help inform your career choices. The unit gives you the skills to undertake advanced or specialist studies in international business at higher education level. Learning Outcomes By the end of this unit, you will be able to: A. Examine the influences on the growth of globalisation B. Explore the structure of the global economy C. Examine strategic and operational approaches to developing international business. Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 2 of 8 09-Sep-24 WEEK Week 1 02/09/24-06/09/24 TOPIC/ SUB TOPIC ● ● Welcoming students Expectations about the module and general conduct ● Introduction of the module and discuss students and lecturer expectations. INSTRUCTOR COMMENTS Learning Aim, A: Examine the influences on the growth of globalisation A1: Globalisation The features and benefits of international trade, including imports and exports, international specialisation, increased standard of living, wider variety of goods available, technology transfer, the impact of international specialisation, creation of employment opportunities, international cooperation between countries. The features of globalisation, including the growth of trading blocs and their purpose, the growth of international transport systems, the international mobility of labour, international currency exchange, the impact of the growth of technology on business communications. The challenges of globalisation, including the economic and political influence of major international businesses, population movements, the increase in protectionist economic policies. Class activity: ● Brainstorm activity – Discuss the features of globalisation A2: Factors influencing globalisation Week 2 09/09/24-13/09/24 The influence of business organisations on the growth of the global economy. Reasons for conducting business internationally, e.g., growth and diversification, access to new markets, additional revenue streams, increased market share, brand exploitation, market leadership, technological dominance, gain comparative advantage, generate efficiency savings arising from internal economies of scale, external economies of scale, preferential tax rates or government incentives. Class activities: ● Group work –Demonstrating understand of the factors influencing globalisation. Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 3 of 8 09-Sep-24 HOD COMMENTS WEEK TOPIC/ SUB TOPIC INSTRUCTOR COMMENTS A2: Factors influencing globalisation Week 3 16/09/24-20/09/24 Week 4 23/09/24-27/09/24 Characteristics, advantages and disadvantages of international markets, e.g., developed economies, emerging markets, less developed economies. Factors influencing the choice of market, e.g., type of product, operating costs, size of market, political stability, regulatory. Characteristics and features of organisations and agencies involved in international business, e.g., exporting organisations, importing organisations, multinational organisations, associated organisations, e.g., logistics and marketing government agencies providing support and advice to international businesses. Class activities: ● Discussion forum –Advantages and disadvantages of international markets. ● Discussion of task one requirements (A.P1, A.P2, A.M1 & A.D1) Learning Aim, B: Explore the structure of the global economy B1 International trading associations Purpose and features of associations and trading arrangements in international business. World Trade Organization (WTO). Customs unions and common markets, e.g., European Union (EU), MERCOSUR (common market of South American nations), Eurasian Economic Union (EAEU). Free-trade areas such as USMCA (the United States-Mexico-Canada Agreement, which is to replace the North American Free Trade Area), AANZFTA (the ASEANA-AustraliaNew Zealand Free Trade Area). Class activities: Students to research on the purpose and features of associations and trading arrangements in international business. Week 5 30/09/24-04/10/24 B2 The finance of international trade Methods of financing international trade, e.g., cash in advance, letters of credit, open account, consignment, international credit cards, international bank transfers, commercial payment systems. Agencies that support international business, e.g., banks, chambers of commerce, regional advisory organisations. Government support for international businesses, e.g., trade delegations, export finance advisers, trade fairs, identifying international partners, grants for international promotions. Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 4 of 8 09-Sep-24 HOD COMMENTS WEEK TOPIC/ SUB TOPIC INSTRUCTOR COMMENTS Class activities: ● Pair work – Discuss various ways in which the Government of Kenya supports International Businesses. Discussion of task one requirements (B.P3, B.P4 & B.M2) Week 6 MID-TERM TEST 07/10/24-08/10/24 Week 7 / 8 MID-TERM BREAK 14/10/24-21/10/24 B3 Barriers to international business Week 8 22/10/24-25/10/24 Week 9 04/11/24-08/11/24 Week 10 11/11/24-15/11/24 Factors that impact the growth of international business. Protectionism in international markets, e.g., to protect infant industries, to protect employment/local business. Features of the methods for protecting markets and their impact on the volume and value of international business, e.g., tariffs, customs duties, currency restrictions, quotas, subsidies. Features of the barriers to trade, e.g., trade restrictions, exchange rate volatility, legal and regulatory systems, financial requirements, operating risks, economic sanctions, political pressures. B4 Exchange rates The factors influencing a country’s exchange rate, e.g., inflation, interest rates, public debt, terms of trade, political stability, economic policies. Impact of currency rate fluctuations on a country and individual export and import businesses. Class activities: ● Research activity –In pairs, research on the impact of currency rate fluctuations in Kenya Discussion of task one requirements (B.D2) Learning Aim C: Examine strategic and operational approaches to developing international business C1 Strategic aims and objectives Factors that can influence the determination of business strategy for large and small businesses using SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 5 of 8 09-Sep-24 HOD COMMENTS WEEK TOPIC/ SUB TOPIC Week 11 18/11/24-22/11/24 Week 12 25/11/24-29/11/24 INSTRUCTOR COMMENTS Strategic aims and objectives of international businesses at different stages in their development, including market opportunities, profitability, growth, costs, efficiency, diversification, to increase shareholder value, corporate social responsibility. Factors influencing the strategic direction of small and large business organisations, e.g. the speed of establishing operations, access to local business knowledge and expertise, cost control, risk control, growth potential. Strategies for operating internationally, e.g., subsidiary businesses, joint ventures, partnerships, agencies, licensing, franchising, subcontracting and outsourcing. Class activities: ● Brainstorm activity – Discuss the factors influencing the strategic direction of small and large business organisations. Discussion of task two requirements (C.P5, C.P6, C.M3, C.M4 & C.D3) C2 External influences STEEPLE analysis of factors that influence the external environment in which business organisations operate: Social and cultural, e.g., language, social structures, religion, values and attitudes to work. Technological, e.g., reverse innovation for less developed economies Economic, e.g., tax rate on profits Environmental, e.g., regulations on sustainability and recycling Political, e.g., stability of political systems in a country Legal and regulatory, e.g., intellectual property rights, corporate governance regulation Ethical factors, e.g., equal pay, workforce health and safety Class activities: ● Discussion forum – Use of STEEPLE tool to analyse factors that influence the external environment. C3 Operational implications Factors to take into account when implementing an international business strategy, including costs, expertise required, risk appetite of owner, contribution of the functional areas, including sales and marketing, finance, human resources, production/operations, administration, research and development. Re-engineering products and services to meet the demands and preferences of international markets, e.g. manufacturing vehicles to take Discussion of task two requirements Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 6 of 8 09-Sep-24 HOD COMMENTS WEEK TOPIC/ SUB TOPIC INSTRUCTOR COMMENTS Week 13 02/12/24-05/12/24 Students to submit the assignments and Term End Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 7 of 8 09-Sep-24 HOD COMMENTS Student Responsibilities Rule Requirement Consequences of Non-Conformance 1 Class Attendance You should attain at least 80% of the total number of the required contact hours. Failure to attain the minimum attendance without official prior communication will lead to disqualification from the class and subsequent re-taking of the unit. 2 Punctuality & Class Timings You should fully observe start and end time for every Class. 3 Class Participation 4 Assignment Deadlines 5 Assignment Milestones You are required to actively participate during lectures as well as any class/group discussions. You should complete and present/submit your assignments within the agreed timelines. Deadlines SHALL apply uniformly to all students. You should meet the set milestones within the term for every assignment. Presentations for each milestone will be done as communicated by the tutor. This will ensure that you are able to finish your entire assignment within the overall deadline provided. Consistent lateness and failure to heed warnings from the tutor may lead to disqualification from the class and subsequent retaking of the unit. N/A 6 7 Authenticity & Originality of Assignments Course Evaluation 8 Mid-term Test 9 Plagiarism 10 Mobile Phones and PDAs You should demonstrate originality and ownership of your work. Do NOT copy your fellow classmate’s work. The main assessment will be through assignment that will be submitted at the end of the term. However, progressively you will be required to undertake Continuous Assessments Tests to reinforce your understanding of the concepts. You will be required to take a sit-in test in the course of the term You should properly REFERENCE all your work using the Harvard Style of Referencing. Your mobile gadgets should be switched OFF or put on SILENT during class time. You should not send messages or receive any phone calls while learning is in progress. Late Submissions will NOT be assessed. You will not be allowed to move on to the next activity without successfully completing the preceding activity. This may eventually compromise your timely completion of the entire assignment. Work copied from fellow classmate(s) will be awarded a Refer grade for all the students involved. Failure to do complete assessments may lead to a Refer in the final grading. No make-up test will be provided without prior official communication. Plagiarised work will NOT be assessed. Repeated violation and failure to listen to warnings from your tutor will attract appropriate sanctions as stipulated in the Academic Conduct Policy. Instructor’s Signature …………………………………………………………… Date………………………………………… HOD’s Signature………………………………………………………………… Date………………………………………… IV’s Signature …………………………………………………….....................… Date………………………………..……….. Evaluation dates………………………………………………….…………… No of evaluation submitted ...……………… Author: Samson Mutuku Staffroom Machine D:\\2024\International Business\International Business course outline.doc Page 8 of 8 09-Sep-24
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