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26800 Global Business Practice

Warning: The information on this page is indicative. The subject outline for a particular session, location and mode of offering is the authoritative source of all information about the subject for that offering. Required texts, recommended texts and references in particular are likely to change. Students will be provided with a subject outline once they enrol in the subject.

Subject handbook information prior to 2018 is available in the Archives.

UTS: Business
Credit points: 8 cp

Subject level:

Postgraduate

Result type: Grade and marks

There are course requisites for this subject. See access conditions.

Description

This subject provides an in-depth collaborative and practical learning experience for students in the form of an international field trip of approximately one-week duration. The location may vary from year-to-year depending on the particular business practice areas under scrutiny and the most relevant place to source best practice visits and other input.

The objective is for the participants to develop an in-depth understanding of international business practice and associated best practices. The subject focuses on providing students with an appreciation of the impact of global economics, finance, technology and social trends on business models and strategies. The subject integrates the essential analytical skills required for effective business decision making with the skills necessary for successful strategy implementation. Because this subject usually involves an international field trip, it entails additional costs for students in the form of airfare and accommodation costs.

Subject learning objectives (SLOs)

Upon successful completion of this subject students should be able to:
1. assess strategic opportunities in selected global businesses
2. analyse specific enterprises in industry sectors to determine competitive advantage
3. explain challenges faced by global companies operating in cross-cultural environments
4. develop a business strategy for selected global companies
5. Explain the unique attributes attaching to three business segments such as: a. Early-stage companies b. Large, global “branded” and listed companies c. Social ventures

Contribution to the development of graduate attributes

The subject is one of two alternative capstones in the Executive MBA (EMBA) and provides an in-depth practical experience enabling students to develop a better understanding of international business strategies and best practices. During the international study tour, participants are exposed to a series of expert presentations and company visits supporting the course objectives, while solving a business problem for an Australian-based firm. Academic and industry supervisors are assigned to coach, mentor and assist the participants in the engagement. The scope and nature of the consulting assignment is agreed upon with the client through a proposal process. The findings are delivered to the client in terms of a presentation and a formal report. Students undertaking this subject will have the opportunity of engaging in working together to learn and apply concepts theories and tools that extend beyond the specifics on any one project.

This subject contributes to the development of the following graduate attributes:

  • Business practice oriented skills

This subject also contributes specifically to develop the following Program Learning Objectives for the Executive MBA:

  • 5.1: Execute a substantial research-based or professionally focused project relevant to high level executive management

Teaching and learning strategies

The subject adopts a practical, beyond-the-classroom approach and its core focus is on real-world analysis and application of business knowledge and best practices. Lectures by international academics and seminars by industry leaders typically form part of a one-week international field trip where students are exposed to a series of expert presentations and company visits. Extensive analytical reflection and application exercises, debriefing sessions, diary updates and the compilation of insights using analytical frameworks and models will be used as core elements in the learning processes for reviewing company visits and case organisations.

Content (topics)

The subject is organized around central interactive and integrative themes these include:

  • Problem-solving and creative thinking strategies
  • Leadership, team and organisational dynamics
  • Action and case study-based research
  • Consulting techniques and strategies
  • Key concepts and forces in global business
  • Strategic entrepreneurship and innovation
  • Strategic orientation – where and how to compete
  • Corporate strategy and business models
  • Forming and managing strategic alliances, partnerships and networks
  • Evaluating competitive intensity, prices, products and channel decisions
  • Opportunity searches – critical issues for senior management
  • Transforming research and analysis into strategy and detailed plans for implementation
  • Building and presenting business cases

Assessment

Assessment task 1: Strategic Assessment (individual)

Objective(s):

This addresses subject learning objective(s):

1, 2 and 3

Weight: 70%

Assessment task 2: Case Analysis and Presentation (group)

Objective(s):

This addresses subject learning objective(s):

1, 2, 3, 4 and 5

Weight: 30%

Minimum requirements

To pass the subject, students must achieve at least 50% of the final overall grade.

Required texts

This reading requirements fall broadly into two categories:

Key General Readings

Key conceptual readings for the course include:

Allen, J., Root, J. & Schwedel, A. (2017) The Firm of the Future, Bain and Company, www.bain.com/publications/business-insights/the-firm-of-the-future.aspx

Bhalla, V., Dyrchs, S., & Strack, R. (2017) Twelve Forces That Will Radically Change How Organizations Work, Boston Consulting Group, https://www.bcg.com/en-au/publications/2017/people-organization-strategy-twelve-forces-radically-change-organizations-work.aspx

Company specific readings that will be driven by individual company visits. Student groups will be responsible for preparing briefing papers on the companies that we will be visiting. Companies will be allocated to groups in rotation