IBS605 - Business in the Global Economy

Outline info
Last revision date 2018-06-12 10:10:18.564
Last review date 2018-07-16 00:15:00.686

Subject Title
Business in the Global Economy

Subject Description
Today's successful businesses must operate within the global context. This course looks at how domestic and foreign organizations are reorganizing and new businesses are being shaped by the ever-changing international business environment. Concepts include global commerce, and topics that relate establishing strategic partnerships with businesses around the world.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Assess the impact of doing business around the world through the examination of the external business environments.
  2. Analyze and evaluate the impact of globalization on Canadian businesses and potential trading partners.
  3. Recognize the impact of relevant geographic factors on international business opportunities such as location and time zones; and cultural factors, such as religion, customs and language.
  4. Evaluate the impact of confidentiality, corporate social responsibility, government stability, sustainability, and corruption, when applying principles of decision making to an international business opportunity.
  5. Identify and apply economic principles such as supply and demand and competitive, comparative and absolute advantages.
  6. Describe how the Canadian Government and International Agencies play a major role in supporting international business opportunities.
  7. Analyze the various methods used by organizations to enter new international markets.
  8. Evaluate potential impacts of current world events on Canadian businesses.
  9. Understand and evaluate the importance of emerging technologies on international business opportunities. (e.g. Social media, the internet, e-commerce, mobile, etc.)

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Apply a systematic approach to solve problems.

Use a variety of thinking skills to anticipate and solve problems.

Locate, select, organize, and document information using appropriate technology and information systems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

  1. Global Business Environment
  2. National Business Environment
  3. International Trade and Investments
  4. International Business Management

Mode of Instruction
A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
Title:     International Business - the Challenges of Globalization
Edition: Canadian
Author:  John Wild
Publisher:  Pearson
ISBN:     9780132866880

Reference Material
Recommended Reading:
Title:         Global Business Environment
Edition:     6th Edition - Blue Book
Author:     Forum for International Trade. (FITT)
Publisher:  FITT - Module 1
ISBN:         9781894566445

To purchase eBooks, please contact FITT directly at:  http://fittfortrade.com/textbooks-ebooks
Students interested in the FITT credentials may consider purchasing all 8 eBooks.  Purchasing all 8 books will cover the Professional Examination or 2 assessments, transfer of credits, and diploma.  ($575 + tax).  Individual books may be purchased as well.

Recommended Reading:
Financing Trade and International Supply Chains:  Commerce Across Borders, Finance Across Frontiers
By:  Alexander R. Malaket

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.
In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.
Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:  http:/senecacollege.ca/library
Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.
English Competency
The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this course in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.
Grading is based on the following marking scheme:

Assignment #1 05%
MidTerm Test 30%
Assignment #2 10%
Assignment #3 15%
Final Exam 40%


Please retain this course outline document for future educational and/or employment use.

Academic Program Manager:
Emiliano Introcaso

Approved by: Academic Program Manager Emiliano Introcaso