GLOBAL PERSPECTIVES ON RISK

SHE Level 5
SCQF Credit Points 4.00
ECTS Credit Points 2.00
Module Code MMNY24897
Module Leader n/a
School School of Computing, Engineering and Built Environment
Subject GCU New York
Trimesters
  • A (September start)
  • B (January start)
  • C (May start)

Summary of Content

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 factors, attitudes and approaches to risk. 3. National culture and its influence on risk 4. Financial and Foreign exchange risk management. 5. Social, ethical and environmental risks. 6. Global insurance programmes. 7. Political risk.

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 globalisation2. Critically analyse the risk-related aspects of international business strategy.3. Display a systematic understanding and be able to discuss why risk management may differ between countries.4. Critically analyse examples of how national culture may influence countries' management of specific types of risk.5. Evaluate a range of control methods for global risks.6. Examine, and be able to explain, the ways in which global insurance programmes and other risk financing techniques can support a risk management strategy.7. Critically discuss the management issues surrounding political risk, ethical risk and foreign exchange risk.

Teaching / Learning Strategy

The teaching and learning strategy will vary according to the mode of delivery used. GCULearn will be utilised as appropriate. The module has been designed for delivery in the following modes; a) Lectures and seminars delivered on campus for full-time and part-time students. b) Distance learning using paper-based learning materials with tutor support and Web-access to library resources. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing.

Indicative Reading

Module Reader (supplied) Course text: Hill C & Hernandez-Requejo W (2011), Global Business Today, 7th Ed, New York, McGraw-Hill (ISBN 978-0-07-122084-2) Additional Texts: Eiteman D et al (2006), Multinational Business Finance, 11th Edition, London, Pearson Hamilton L & Webster P (2009), The International Business Environment, Oxford, Oxford University Press Hill C (2009), International Business: Competing in the Global Marketplace, 7th Ed, New York, McGraw-Hill Olsson C (2002), Risk Management in Emerging Markets, London FT/Prentice Hall Journals International Business International Business & Management International Business Review International Journal of Business & Society Journal of International Business Studies

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
Independent Learning (FT) 100.00
Assessment (FT) 56.00
Lectures (FT) 22.00
Seminars (FT) 22.00

Assessment Methods

Component Duration Weighting Threshold Description
Essay n/a 50.00 n/a Choose one from a choice of three topics (3000 words). Essay.
Case Study n/a 50.00 n/a Country Study (3000 words). Case Study