Unit 18: Global Business Environment
Unit code M/508/0530
Unit level 5
Credit value 15
Introduction
The aim of this
unit is to explore the wider position some organisations have in the global environment.
Students will appreciate the complexities of operating in a global environment,
and this will enable them to offer greater breadth and depth to an
organisation’s current or aspirational global presence.
On successful completion
of this unit students will have developed an understanding of the wider global
environment in which organisations operate. This will enable students to add value
to an organisation as they will be able to apply their knowledge in such a way that
they could advise senior managers (in either large or small organisations) on global
matters which they may not have ordinarily considered.
Learning
Outcomes
By the end of
this unit a student will be able to:
- Analyse the key
factors which drive globalisation.
- Determine the strategic
complexities associated with operating in a global environment.
- Evaluate how operating
in a global market influences an organisation’s structure, culture and functions.
- Evaluate the influence
of globalisation on organisational decision-making and strategy
Essential
Content
LO1 Analyse the
key factors which drive globalisation
Driving factors
of globalisation:
- Analyse the
concept and theory of globalisation in terms of cultural, economic, political
and social dimensions.
- What are the
factors that drive globalisation? International economic integration, foreign
direct investment, international business and trade.
- Factors in
relation to cost, market, environment and competition.
- The significant
impact of the digital revolution: creating better products and services at lower
cost, the impact of social media and other applications (e.g cloud computing) connecting
the global community and digitized design, manufacturing, and distribution systems
making products and services available to a global market.
LO2 Determine
the strategic complexities associated with operating in a global environment
Global
strategic complexities:
- The impacts of
international trade law.
- The economics of
globalisation and the environmental impacts of globalisation in the context of the
challenges they pose for risk and diversification strategies.
- The
complexities of the international supply chain management.
LO3 Evaluate
how operating in a global market influences an organisation’s structure,
culture and functions
Influences on
structure, culture and functions:
- How does the
global market influence organisations in the context of McKinsey 7S model of
organisational structure?
- The governance
of a multi-national organisation and leadership within an international
context.
- Using
Hofstede’s Dimensions of Culture demonstrate how national cultural differences
have an influence upon organisations.
- The influence
of ethical and sustainable globalisation.
LO4 Evaluate the
influence of globalisation on organisational decision-making and strategy
Influences on
decision-making and strategy:
- The principles
of leadership change and the process of internationalisation.
- International expansion
strategies and strategic decision-making in relation to risk and diversification.
- The impact of
barriers to international trade upon decision-making and strategy.
Learning
Outcomes and Assessment Criteria
|
Pass
|
Merit
|
Distinction
|
|
LO1 Analyse the key factors which drive globalisation
|
|
|
P1 Analyse key
factors of cost, market, environment and competition that drive global
commerce and trade.
|
M1 Critically
analyse the impact that key factors have upon the global business environment
in terms of opportunities and challenges.
|
LO1 and LO2
D1 Critically evaluate the global business environment,
including the opportunities and challenges faced by organisations.
|
|
LO2 Determine the strategic complexities associated
with operating in a global environment
|
|
P2 Explain
the complexity of strategic challenges faced by organisations when operating
in a global environment supported by specific examples.
|
M2 Evaluate
strategic challenges in context of risk and diversification strategies and
the supply chain flow.
|
|
|
Pass
|
Merit
|
Distinction
|
|
LO3 Evaluate how operating in a global market influences
an organisation’s structure, culture and functions
|
|
|
P3 Evaluate
the influences of globalisation on organisational governance and leadership,
structure, culture and functions.
P4 Evaluate
the influences of ethical and sustainable globalisation on organisational functions.
|
M3 Critically
evaluate influences of globalisation in application to appropriate theories
and models relating to organisational structure and culture.
|
LO3 and LO4
D2 Critique strategies that can be adopted by organisations
operating in a global business environment, making valid and justified recommendations
of how they should adapt their organisational structure and decision-making
processes.
|
|
LO4 Evaluate the influence of globalisation on
organisational decision making and strategy
|
|
P5 Evaluate
the different ways decision making can work effectively in a global context.
P6 Determine
and articulate the various routes to internationalisation an organisation may
adopt, including key barriers.
|
M4 Critically
evaluate the key barriers in doing business internationally and make
recommendations on how they can be overcome.
|
|
100% Plagiarism Free & Custom Written,
Tailored to your instructions