In the HND business curriculum, the unit 18 Global Business Environment has the emphasis on recognising the challenges and complexities faced by the organisation at the time of global scale operations. This unit aims to equip students with the skills and knowledge to identify the broader environment of the Globe through the operations of business. It includes the examination factors, including cultural differences, international trade, economic and political systems and trends of the global market. The identification of all these elements assists the student to increase their knowledge in the way through which organisations make a position in a global marketplace. Moreover, they will acquire the strategies which are used for the navigation of difficult businesses in the international world. The unit also focuses on the understanding of the significance of the interconnection of the global economy and its influence on business operation with globalisation.
The students will also generate a comprehensive recognition of the Global Business Environment. They will have the potential to identify the threats and opportunities which increase from the international market operations and recognise the way through which the organisation can get the benefits through the Global presence to increase the competitive benefits. This knowledge makes students able to add value in the organisation by offering information, advice on the matters of the Globe. For example, they will get help from the senior managers in the strategic decision making in terms of the entry of the market, the Global supply chain management and international partnerships. This unit motivated students to consider the social and ethical responsibilities of business, Global operations. Moreover, they certified that they are ready to identify the challenges such as corporate social responsibility and sustainability.
To conclude, the unit also makes a student ready to contribute efficiently in the organisation with the operations or aspirations throughout the globe. By recognising the complexity of the environment in Global Business, the students can get valuable recommendations and knowledge for the senior management. They will assist the organisations to navigate international market challenges. This unit improves the knowledge of students for global business practice and assists them to generate problem-solving and critical thinking skills. It will assist them to equal the organisational support in attaining the objectives of Globe.
Aims of the Unit
Here are the crucial reasons which make students learn the unit 18 global business environment in HND business.
- To identify the organisation`s maintenance and establishment for their Global Business Environment presence by considering the factors such as market Trends, cultural diversity and international trends.
- To generate the Awareness of opportunities and challenges the business faced while operating internationally, including economic, ethical and political considerations.
- To make students aware of the advice and knowledge of the senior manager on the strategies of Globe, including partnership market entry and supply chain management.
- To consider the environment and social responsibilities in the business for global contact providing ethical decision making.
Learning Outcomes
The main learning outcomes of unit 18, the global business environment, according to Pearson set in HND business are demonstrated below:
LO1: Analyse the key factors which drive globalisation.
Identify the theory and concept of the globalisation regarding economic, social, political and cultural dimensions.
Overview of the factors in globalisation driving. Foreign investment directly, international integration of the economy, trade and business internationally.
Factors related to market, competition, environment and cost.
The crucial influence of the digital revolution: generating better service and product at minimum cost, the social media influence and multiple applications, for example, cloud computing connection with the Global community and design digitalisation, distribution and manufacturing systems generating services and products available to the market globally.
LO2: Determine the strategic complexities associated with operating in a global environment.
- Complexities of global strategies:
The international trade law influences
The globalisation economy and the influence of the environment of globalisation in the challenge in context, which generates for diversification and strategies that risk.
The difficulties of the supply chain management internationally.
LO3: Evaluate how operating in a global market influences an organisation’s structure, culture and functions.
- Identify the functions, culture and structure:
How can the global market impact organisations in reference to the organisational structure according to McKinsey 7s?
The multinational government of organisation and leadership with the context of the international.
Utilising the dimension by Hofstede according to culture, demonstrating the way of the national differences of culture with other organisations.
The sustainable and ethical impact of globalisation.
LO4: Evaluate the influence of globalisation on organisational decision-making and strategy
- Decision making influences and strategy:
The leadership principles process and the change of internationalisation.
International strategic decision making and expansion strategies in terms of diversification and risk.
The influence of barriers to trade on international strategy and decision making.
Assessment Criteria
The assessment criteria of unit 18, the global business environment, have a strong association with the learning outcomes like:
LO1: Analyse the key factors which drive globalisation.
- 1.1 Analyse key factors of cost, market, environment and competition that drive global commerce and trade.
- 1.2 Critically analyse the impact that key factors have upon the global business environment in terms of opportunities and challenges.
- 1.3 Critically evaluate the global business environment, including the opportunities and challenges faced by organisations.
LO2: Determine the strategic complexities associated with operating in a global environment.
- 2.1 Explain the complexity of strategic challenges faced by organisations when operating in a global environment supported by specific examples.
- 2.2 Evaluate strategic challenges in context of risk and diversification strategies and the supply chain flow.
LO3: Evaluate how operating in a global market influences an organisation’s structure, culture and functions.
- 3.1 Evaluate the influences of globalisation on organisational governance and leadership, structure, culture and functions.
- 3.2 Evaluate the influences of ethical and sustainable globalisation on organisational functions.
- 3.3 Critically evaluate influences of globalisation in application to appropriate theories and models relating to organisational structure and culture.
- 3.4 Critique strategies that can be adopted by organisations operating in a global business environment, making valid and justified recommendations of how they should adapt their organisational structure and decision-making processes.
LO4: Evaluate the influence of globalisation on organisational decision-making and strategy
- 4.1 Evaluate the different ways decision making can work effectively in a global context.
- 4.2 Determine and articulate the various routes to internationalisation an organisation may adopt, including key barriers.
- 4.3 Critically evaluate the key barriers in doing business internationally and make recommendations on how they can be overcome.
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