Teaching Outline for Theme 4 (Unit 4): Global Business

Unit Description

• Understanding of concepts introduced in Units 1, 2, and 3 in a global context
• Exploring business activity on a global scale
• Understanding the globally competitive environment
• Considering the ethical and moral dimensions of global business activities

Globalisation

• Growing economies
  • Characteristics of developed, developing, and emerging economies
  • Growing economic power shifts
  • Implications of economic growth
  • Indicators of growth: GDP, HDI
• International trade and business growth
  • Exports and imports
  • Implications of increasing specialization
  • Foreign direct investment (FDI) and business growth
• Factors contributing to increased globalisation

Change

• Organizational culture
• Size of the organization
• Time/speed of change
• Managing resistance to change
• Transformative leadership

Contingency Planning

• Identifying key risks: natural disasters, IT system failures, loss of key staff
• Planning for risk mitigation: business continuity, succession planning