chinkyeye said:
for globalisation..sjhould we only knoe da 3 defniitonns of globalisation, the drivers, methods and reasons???? iz dat all is required?
youve already asked this for two topics
see the syllabus at
http://www.boardofstudies.nsw.edu.au/syllabus_hsc/pdf_doc/businessstudies_syl.pdf
and this is what you need to know for global...
You don't think u need t know alot, but let me tell you, global has the most content out of the 5 topics.. the syllabus is 3 pages!!!
Content
Students learn to:
use existing business case studies to investigate and communicate ideas and
issues related to global business. The focus of these case studies will be to:
• select a global business and identify its international targets
• describe and analyse the reasons for its international expansion
• explain the influences on this business in the global market
• explain the strategies used by the business to achieve its targets.
Students learn about:
globalisation
• nature and trends — growth of the global economy and changes in markets
(financial/capital, labour, consumer)
• trends in global trade since World War II
• drivers of globalisation
– role of transnational corporations
– global consumers
– impact of technology
– role of government
– deregulation of financial markets
• interaction between global business and Australian domestic business
global business strategy
• methods of international expansion
– export
– foreign direct investment
– relocation of production
– management contract
– licensing/franchises
• reasons for expansion
– increase sales/find new markets
– acquire resources and have access to technology
– diversification
– minimise competitive risk
– economies of scale
– cushioning economic cycle
– regulatory differences
– tax minimisation
specific influences on global business
• financial
– currency fluctuations
– interest rates
– overseas borrowing
• political
– tensions between protectionism and free trade
– international organisations and treaties (World Trade Organisation)
– trade agreements
– regionalism
– war and civil unrest
• legal
– contracts
– dispute resolution
– intellectual property
• social/cultural
– languages
– tastes
– religion
– varying business practices and ethics
35
Business Studies Stage 6 Syllabus
managing global business
• financial
– methods of payment
– credit risks
– hedging
– derivatives
– insurance
– obtaining finance
• marketing
– research of market
– global branding
– standardisation and differentiation
• operations
– sourcing (vertical integration, make or buy)
– global web (components produced in different countries)
• employment relations
– organisational structure
– staffing
– shortage of skilled labour
– labour law variations
– minimum standards of labour
– ethnocentric/polycentric/geocentric staffing system
• evaluation — strategies with reference to a particular global market
• modifications of strategies according to changes in global market
management responsibility in a global environment
• ethical practice — tax havens and transfer pricing
– minimum standards of labour
– dumping illegal products
– ecological sustainability.
