GLOBAL PERSPECTIVES ON RISK

SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MMN324989
Module Leader Jon McNeill
School Glasgow School for Business and Society
Subject Risk
Trimesters
  • B (January start)
  • A (September start)
  • C (May start)

Pre-Requisite Knowledge

None

Summary of Content

Recent times have seen profound shifts in the way that we view global risks. Societal polarization, income inequality and the inward orientation of countries are spilling over into real-world politics. Such trends are set to have a lasting impact on the way economies act and relate to each other likely to affect global risks and the interconnections between them impacting upon ways in which organisations manage risk. This module will enable students to understand the concepts and context of international business and critically analyse a wide range of risks e.g. managerial, cultural, political, ethical and economic which impact on these businesses. They will also evaluate a range of risk management strategies and tactics available to these international businesses.

Syllabus

Seven main areas: 1. International business strategy, organisation and risk minimisation. 2. Global risks and their impact. 3. Global factors, attitudes and approaches to risk. 4. National culture and its influence on risk 5. Social, ethical and environmental risks. 6. Global insurance programmes. 7. Political risk. The syllabus is placed in the context of current risk issues throughout delivery, for example those highlighted in the WEF's annual global risk report including cyber and technology risk, climate change, terrorism, political risk, and many others.

Learning Outcomes

On successful completion of the module, the student should be able to:1.Discuss the key concepts of international business operations and the opportunities and challenges of globalisation and critically analyse the risk-related aspects of international business strategy.2. Display a systematic understanding and be able to discuss why risk management may differ between countries and critically analyse examples of how national culture may influence countries' management of specific types of risk.3. Evaluate a range of control methods for global risks and examine, and be able to explain, the ways in which global insurance programmes and other risk techniques can support a risk management strategy.4. Critically discuss the management issues surrounding political risk, ethical risk.

Teaching / Learning Strategy

For campus-based students, face to face contact involves three hours of class contact per week: normally 2 lectures and 1 seminar. Lectures will be used to highlight the key issues in a specific topic and point the way towards relevant journal articles and other appropriate literature. Students will be then expected to prepare for following week's lectures on each topic by engaging in literature searches, undertaking relevant reading and preparing responses to questions. The lectures will adopt a variety of teaching styles including seminar style contributions such as group discussion to enhance intellectual, critical and analytical skills. For more applied topics, students will be required to attempt relevant problem or scenario based questions prior to the lectures taking place, providing the basis for deepening professional skills, knowledge and understanding. Module classes are conducted in workshop format providing a mix of tutor led, student led and group learning. Practicals will also complement the face to face delivery of the module through such activities as specialist speakers and site visits related to project management. Distance learning teaching utilises paper-based learning materials with tutor support and Web-access to library resources. As part of the GSBS strategy of increasing the use of blended learning, for both campus and distance learning students, different blended learning mechanisms, such as Padlet and GCU's SMILE and SMIRK will be utilised.

Indicative Reading

Course Text: Hill, C. W. L. & Hult, G. T. M. (2020) Global business today . 11e [edition], International student edition. New York, NY: McGraw Hill Education. Supplementary Texts: Cavusgil, S. T. et al. (2020) International business?: the new realities . Fifth edition, global edition. Harlow, England: Pearson. Worthington, I. et al. (2018) The business environment?: a global perspective . Eighth edition. Harlow, England?;: Pearson. Eiteman, D. K. et al. (2016) Multinational business finance . 14th ed, global edition. Upper Saddle River: Pearson. McKellar, R. (2010) A Short Guide to Political Risk. Farnham, UK; Burlington, VT: Gower. Journals: Academy of Management Journal Strategic Management Journal Journal of International Business Studies International Business & Management International Business Review Online Sources: Economist Intelligence Unit. 2020. The Economist Intelligence Unit. [online] Available at: https://www.eiu.com/n/ World Economic Forum (WEF). 2020. Global Risk Report 2020. [online] Available at: http://www3.weforum.org/docs/WEF_Global_Risk_Report_2020.pdf

Transferrable Skills

In addition to the attainment of the learning outcomes students will develop personal transferable skills in self-management, report writing, case study analysis, essay writing, problem solving and critical thinking.

Module Structure

Activity Total Hours
Lectures (FT) 24.00
Assessment (FT) 30.00
Seminars (FT) 12.00
Independent Learning (FT) 84.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 100.00 50% Essay (3000 words)