Presented by:
Dr Connie Chui S. Chan
Week 1
Introduction
IBUS 1101
Global Business
1
Welcome to IBUS1101
2023 Semester 1
Global Business
International Business
The University of Sydney 2
1
2
21/02/2023
2
Outline
• Course learning objectives
• How we study
• Teaching team
• Contents
• Assessments
• Q & A
The University of Sydney
3
Learning Objectives
Foundational knowledge of International Business
– Analyse the strategy of firms in the global context
– Key participants of international business
– Why and how firms / managers internationalize?
– Structured approach : concepts, data, tools, application to practice
– Levels of analysis
* Refer to UoS for learning outcomes of each assessment
The University of Sydney 4
3
4
21/02/2023
3
International Business
As a discipline
- draw on theories in other fields and evolution of inter-disciplinary research
- strategy, economics, political economy, sociology, marketing, …
- as well as contributes to other disciplines
ever growing interest in various aspects of international business
The University of Sydney 5
What is Global business?
Think of one word that best describes global business
https://www.menti.com/al7dbty8326x
The voting code 4739 1612
Expires on 22 Feb 2023
The University of Sydney
6
5
6
21/02/2023
4
What is Global business?
The University of Sydney
7
Domestic & international business
• Firms that have limited resources, capabilities, markets, competitiveness
• Do not want to internationalize
• Do not need to internationalize
• Examples:
o US: Tractor supply; Kroger grocer; Flowers Foods
o China
o Australia
• Small business, personalised, limited customer base
• Minimise risk and shielded from global crises
The University of Sydney 8
7
8
21/02/2023
5
Why Study International Business?
• Connectedness inevitable with the rise of information communication technologies
• Trade and investment contribute to national economic prosperity (BRIC)
• Growth opportunities, efficiency, profits
• How firms strategize and sustain competitive advantage
• Career opportunities
9
Careers related to IB
• Manager: strategy, human resource, marketing, global teams
• Consultant and business broker
• Professional (legal, finance)
• Public service: diplomat, trade officer, analyst
• Teacher, trainer, facilitator
• Hospitality, tourism
• International organisations and transnational agencies
• Entrepreneur
The University of Sydney
10
9
10
21/02/2023
6
Drivers of international business
• Advances in communication technology: “the world is flat”?
• Reduction of trade barriers (liberalization of cross-border activities)
• Government policies
• Consumer demand: choices, brands, prices, variety
• Growth of the firm and global competition
11
Levels of Analysis
Macro perspective
• Global economy
• National Economy
• Globalisation of markets, international trade and investment
Micro focus
• The firm
• Owner, managers
• Relationships with staff
• Competitors, partners, suppliers, customers
The University of Sydney 12
11
12
21/02/2023
7
The teaching team
Coordinator, Lecturer & Tutor
Dr Connie Chui Chan
chui.chan@sydney.edu.au
The University of Sydney 13
Tutor
Ms Simona Atanasovski
simona.atanasovski@sydney.edu.au
Co-teacher
Prof Vikas Kumar
vikas.kumar@sydney.edu.au
Tutor
Ms Shumaila Jawaid
shumaila.jawaid@sydney.edu.au
Communication: email
Subject: IBUS1101 (Course Code)
Subject Keywords
Tutorial Time (Day ... Time … Stream …) e.g. CC05, RE01
- Write your questions, comments or suggestions clearly
- Space out if there are a number of issues
Your full name & student number (SID)
For email on group assignments, please c.c. to all group members
The University of Sydney 14
13
14
21/02/2023
8
Information on the course
Unit of Study outline
• Topics and weekly schedule
• Due dates for assessments
• Weightage of assessments
• Individual or group work
• Access from Canvas or public domain
• Details can be found in Canvas
The University of Sydney 15
Blended learning
• Transformation of learning endorsed by the school and support from BCD
• Difference between traditional / conventional methods
• Multiple modes and directions of delivery
• Online – Canvas: information, check, interactive, self pace
• Readings: frameworks, tools, research, cases
• Flip classroom: initiative, knowledge building, engagement, reinforcement
• Effectiveness: students take notes and mind map – proactive vs passive
• Better retention, knowledge utilisation, all round skills development
The University of Sydney 16
15
16
21/02/2023
9
Canvas
› Access canvas.sydney.edu.au or through Current Students website or dashboard
› Login with your unikey and password. Choose the Canvas site.
› Set up Notifications to receive announcements and alerts on discussions
› Check for Announcements and updates regularly
› Check and set up your personal Calendar and reminders
› Course contents are in Modules. Complete weekly modules, readings, class tasks.
› Familiarise with navigating Canvas pages. Let’s have a go now.
The University of Sydney 17
Tour of Canvas
• Important Pages: Announcements, Modules, Assignments, Discussions
• Participate in Canvas exercises
• Module x (week) . 1 assigned readings (Reading List via Canvas – Library)
• Various “check your understanding” and “share your views” forums
• Tools to help to reinforce knowledge and practise writing
• Lecture and Tutorial prework Module x (week).4
• Q & A at the end of each lecture
The University of Sydney
18
17
18
21/02/2023
10
Textbook
The University of Sydney
Hard copy
available from Fisher library 2 hour section
Essential: main reference
Purchase, work in groups, access early or off peak
Hill, C. et al (2022) McGraw Hill (multiple editions)
Library ebook
(restrictions on number of readers and download)
Arrive on 1 March 2023
Purchase options
The University of Sydney
Ebook
Vitalsource:
https://www.vitalsource.com/en -au/products/ise-ebook-onlineaccess-for-global-businesstoday-hillv9781264363728?term=978126 6103148
Print book (physical copy only)
McGraw Hill Website (15% Discount code: 2023ST):
https://www.mheducation.com.au/global-business-today9781266103148-aus
Booktopia (full price)
https://www.booktopia.com.au/global-business-today-charles-w-lhill/book/9781266103148.html
* Some vendors offer short term rental
19
20
21/02/2023
11
Textbook
The University of Sydney
Hard copy
multiple copies of different editions available in
Fisher library 2 hour section and open shelves
Alternative reference:
Cavusgil, Knight & Riesenberger, 2020
Library ebook
(restriction on number of readers at the same
time & limited page downloads in 5 days)
Assessments
Assessment Name Individual/
Group
Length Weight Due Date
Tutorial Participation
Canvas Discussions
Individual Prework and
responses
10% Weekly
Small continuous
tests (no
replacement)
Individual 15 minutes after
launch
20% Weeks 4, 6, 8, 11,13
Day of the lecture 11:59 am
to 11:59 pm
Written Assignment
Presentation
Group
Group
800 - 1200 words
20 slides
20%
10%
Week 10 Monday
11:59 pm
Final Exam Individual 1.5 hours 40% Final Exam Period
The University of Sydney
22
21
22
21/02/2023
12
Tutorial Participation
• Attendance is not enough, participate consistently
• Demonstrate you have done prework and applied learning
• Relevance of content and quality of contribution
• Final mark is the average of scores for all the weeks. Do your calculations.
• Tutorials are not mini lectures and not replacement for self-study and lectures
• One-off alternative timeslot possible by informing tutors. Check arrangement for public holidays.
• Special consideration must be applied promptly and supported by documents
• Please keep your tutors informed of any change or issues.
• Check weekly updates
• Students may request for individual feedback
The University of Sydney 23
Lecture and online exercises
• Participate and practise presentation and writing
• Business school recommendation: 80% attendance of non-clashable class
• Help in borderline pass / fail cases
• Lecture activities enhance understanding of Canvas and readings
• Students can ask questions on Canvas contents
• Know what is important and stay focused.
• Take notes and make notes of classes and online activities.
The University of Sydney 24
23
24
21/02/2023
13
Final Examination
• Assess your learning in the whole semester, accounts for 40%
• Duration: 1.5 hours including reading time
• From the course content, exercises, case studies, activities, readings
• Short essay, problem-solving questions, mini cases
• Invigilated on-campus or monitored by Proctor+Live
• Reference notes (2 sides of A-4 sheet)
The University of Sydney
25
Academic Honesty and Integrity
• Originality of work
• Cite and reference sources – apply to Group assignments
• Requirement to report indications of plagiarism and contract cheating
• Lengthy and thorough investigation process
➢ Please check Canvas – Modules and UoS
➢ University and business school webpages
The University of Sydney 26
25
26
21/02/2023
14
Research and Analysis
• As a student of GB, it is important to keep up to date with developments
• Familiarise with the library catalogue, search and services, workshops
• Academic Journals
- Start with assigned readings: at least once in the semester
- Abstract and Introduction, Findings, Discussions, Conclusion
• Primary sources
- company reports and data
- government and industry statistics
- interview transcripts, video or audio recording
The University of Sydney
27
Useful Resources URL Link
• World Bank Website www.worldbank.org
• UNCTAD Website www.unctad.org
• BBC Website www.bbc.com
• Austrade www.austrade.gov.au
• Department of Foreign Affairs www.dfat.gov.au
• Australian Financial Review (library)
• Journal of International Business Studies (library)
• Consultancy Reports
The University of Sydney28
27
28
21/02/2023
15
Key Concepts of IB
Trade : import and export
• sourcing raw materials, parts, services, capital, technology, and labour
• world exports are estimated to amount to over US$18 trillion annually
Foreign Direct Investment
• entry modes: mergers & acquisitions, greenfield, joint venture
• stock and flows
• inward vs outward
International Portfolio Investment
ownership of foreign securities
The University of Sydney 29
Location
Home Country Host Country
Parent Company / Headquarters - - - Local Subsidiaries
The University of Sydney 30
29
30
21/02/2023
16
Geographic Locations of the
500 Largest Multinational Enterprises
Sources: Scott Decarlo, “Global 500: A New World Order,” Fortune, February 1, 2015, pp. 18–19; Fortune,“ Global 500,” Special Section, July 21, 2014, pp. F1–F8.
The University of Sydney Pearson Education Ltd
31
The University of Sydney
32
31
32
21/02/2023
17
International Business
Cross
Cultural
Country
Commercial
Currency
Risks vs Opportunities
33
Support
• Teachers
• Student centre https://www.sydney.edu.au/students/student-contacts-enquiries.html
• Medical https://www.sydney.edu.au/study/why-choose-sydney/student-support/health-services.html
• Counselling https://www.sydney.edu.au/students/counselling-and-mental-health-support.html
• Technical (ICT, Canvas, library) https://www.sydney.edu.au/students/student-contacts-enquiries/student-it.html
• Special consideration https://www.sydney.edu.au/students/special-consideration.html
• Career services
The University of Sydney
33
34
21/02/2023
18
The University of Sydney Page 35
Do you have a disability that impacts on
your studies?
You may not think of yourself as having a ‘disability’ but
the definition under the Disability Discrimination Act
(1992) is broad and includes temporary or chronic
medical conditions, physical or sensory disabilities,
psychological conditions and learning disabilities.
The types of disabilities we see include:
Anxiety // Arthritis // Asthma // Autism // ADHD
Bipolar disorder // Broken bones // Cancer
Cerebral palsy // Chronic fatigue syndrome
Crohn’s disease // Cystic fibrosis // Depression
Diabetes // Dyslexia // Epilepsy // Hearing impairment //
Learning disability // Mobility impairment // Multiple
sclerosis // Post-traumatic stress // Schizophrenia //
Vision impairment
and much more.
In order to get assistance, students need to register
with Inclusion and Disability Services. It is advisable to
do this as early as possible. Please contact us or
review our website to find out more.
Inclusion and Disability
Services Office
sydney.edu.au/disability
02-8627-8422
At the end of every lecture
• Write two key lessons and takeaways
From weeks 1 to 12
The University of Sydney
36
35
36
21/02/2023
19
For next week
Check Canvas Modules (weekly)
for readings, lecture recording, and join Q&A zoom session
Tutorial
Debate on globalization
The University of Sydney 37
Any Questions?
The University of Sydney