• A
  • A
  • A
  • ABC
  • ABC
  • ABC
  • А
  • А
  • А
  • А
  • А
Regular version of the site

Global business environment

2021/2022
Academic Year
ENG
Instruction in English
6
ECTS credits
Course type:
Compulsory course
When:
3 year, 3, 4 module

Instructors

Course Syllabus

Abstract

The course provides theoretical framework and practical insights into global business. This is a "big picture" course. It is designed to provide students with a general overview of the major areas of global business. The course is designed to introduce global business in historic retrospective up to the modern changes in the global business landscape such as the COVID-19 pandemic, which has pummelled the global economy and caused the unprecedented business crisis looms. The course addresses the impact of the covid-19 pandemic on the global business environment and data highlights of pandemic's economic impact and investors’ responses. The successful completion of the course will increase students' capacity to think globally about a company, its business position on international markets, cross-cultural issues and possible sustainable competitive advantage in rapidly changing global business environment.
Learning Objectives

Learning Objectives

  • provide systematic understanding of global business, its strategies and tactics, conceptual foundations of it’s development
  • to develop practical skills necessary for professional activity in international business environment, to increase students' critical thinking competency.
Expected Learning Outcomes

Expected Learning Outcomes

  • Student is able to learn and demonstrate skills in the field, other than the major field
  • Student is able to work with information: find, define and use the information from different sources which required for solving of research and professional problems (including the system approach)
  • Student is able to solve strategic and tactical management issues in an international organization
  • Student is able to effectively perform managerial functions in a multicultural environment
  • Student is able to solve managerial tasks related to operations on world markets in the context of globalization
Course Contents

Course Contents

  • History and development of the global business
  • Architecture of the world economy and the international trade
  • International economic cooperation. Alliances and partnerships
  • Global business environment. Internal and external business environment. Tools for the global business environment analysis. Risks in global business
  • Forms of the international business: trade & FDI. Strategic alliances. MNCs & TNCs
  • Regulation of the global business. Global business strategies in the trade disputes. Trade wars
  • International contract. INCOTERMS
  • Innovation in global business
  • Organizational culture & global business. Definition and theoretical foundations of organizational culture in a global organization. Cross-cultural management
  • Management paradigm in the 21st century. Main directions of development and challenges for global business in the 21st century
Assessment Elements

Assessment Elements

  • non-blocking In-Class Activity
    In-class activities includes different online activities, including assignments both team-based and individual, case studies, problem discussions.
  • non-blocking Test
    The Test will be conducted in the written form - multiple-choice test. The Test questions are based on the lectures’ and seminars’ material available to students through the LMS. It includes 20 questions with 4 possible answers.
  • non-blocking Final Test
    The Final Test is administered at the end of the second module. It will be conducted in the written form - multiple-choice test. The Final Test is based upon the lectures’ and seminars’ material. It includes 40 questions with 4 possible answers. The duration of the Final Test is 40 minutes. Students whose accumulated intermediate assessment is 8 – 10 points for three assessment elements (0.25 * In-Class Activity + 0.25 * Test + 0.25 * Team Project) are not required to pass the Final Test. In this case, the accumulated grade (O accum.) could be counted as the final grade (O final) upon the student’s decision. The rounding method of examination and the resulting estimates is arithmetic.
  • non-blocking Course project
Interim Assessment

Interim Assessment

  • Interim assessment (4 module)
    0.25 * Course project + 0.25 * Final Test + 0.25 * In-Class Activity + 0.25 * Test
Bibliography

Bibliography

Recommended Core Bibliography

  • Mahesh Joshi, & James R. Klein. (2018). Global Business: Vol. First edition. OUP Oxford.

Recommended Additional Bibliography

  • Ghemawat, P. (2018). The New Global Road Map : Enduring Strategies for Turbulent Times. Harvard Business Review Press.
  • Huub Ruël. (2017). International Business Diplomacy : How Can Multinational Corporations Deal with Global Challenges? Emerald Publishing Limited.
  • Nader H. Asgary. (2020). Global Business: An Economic, Social, and Environmental Perspective. Information Age Publishing.
  • Riad A. Ajami, & G. Jason Goddard. (2018). Global Business : Competitiveness and Sustainability: Vol. First Edition. Routledge.
  • Robert Pearce. (2017). The Development of International Business. Edward Elgar Publishing.