HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION SUBJECT OUTLINE HI 3031: Trends in the Global Business Environment Melbourne / Sydney Campuses TRIMESTER 1/ 2017 Holmes Institute is committed to providing the highest quality education In a dynamic, student-centered learning environment. Holmes Institute fosters in its Students rational thought, intellectual integrity and social responsibility www.holmes.edu.au/highereducation FACULTY OF HIGHER EDUCATION Holmes Institute Faculty of Higher Education offers business courses that combine disciplinebased excellence with practical applications. The faculty operates on campuses in Melbourne, Sydney, Brisbane and Hong Kong. The faculty offers a Bachelor of Business, a Bachelor of Professional Accounting, a Master of Professional Accounting, a Master of Business Administration and a Graduate Diploma in Business. Details about the members of the faculty can be found on the faculty's home page at www.holmes.edu.au SUBJECT OVERVIEW Welcome from the Subject Coordinator: HI3031, New Trends in the Global Business Environment, examines the processes that shape and reshape the social, economic, political, and technological environments of global business. Due to the interdependent nature of such influences, individuals and communities are linked. This subject seeks to identify and discuss current and emerging trends and developments in global business. Using case study approaches and seminar style lectures, global business practices, especially those operating across borders, are examined and critically analysed. The implications of new and emerging trends in global business practices for communities around the globe are discus SUBJECT RATIONALE This subject provides students with a foundation for self-directed and life-long learning. Through your participation in this subject you will develop the skills to approach the current body of literature critically and learn to evaluate new information. The journal articles listed in the Syllabus Schedule are all peer-reviewed articles and are, therefore, a reliable entry point to the wider body of literature. You will use these articles, not as an end in themselves, but as a beginning point – a reliable springboard – into the wider body of literature relevant to each topic. SUMMARY OF SUBJECT OBJECTIVES On successful completion of this subject, you will be able to A. understand social, economic, political, and technological factors that shape global business B. articulate current and emerging trends in international business C. demonstrate awareness of the impact of various trends on global business practices SUMMARY OF THE LINK BETWEEN SUBJECT LEARNING OUTCOMES AND ASSESSMENT ITEMS Summary: Student Learning Outcome Assessment Item Number A. understand social, economic, political, and technological factors that shape business 1 and 2 B. articulate current and emerging trends in business 1 and 2 C. demonstrate awareness of the impact of various trends on business practices 2 and 3 SUBJECT ADMINISTRATION Awards Duration Core/Elective Subject Weight Campus BBus 1 trimester Elective 3 credit points Melb/Syd Mode of delivery On campus Prerequisites Nil Workload Students are expected to attend all classes Delivery 2 hrs of lectures and 1 hr tutorial or equivalent Independent study 8 hrs CONTACT DETAILS Campus Email Telephone Students please note: Holmes Institute provides each student with a Holmes webmail. Faculty and Administrative staff can only communicate with you using your Holmes Institute mail address. Emails from private and/or business email accounts cannot be used and may not be answered. CONSULTATION TIMES* Monday Tuesday Wednesday Thursday Friday Mlb Syd Mlb Syd Mlb Syd Mlb Syd Mlb Syd X xx xx x x xx x xx xx x * Other times by arrangement STUDENT ASSESSMENT SUMMARY The assessment structure has been designed to give participants an opportunity to develop and demonstrate both individual ability as well as teamwork. A summary of the assessable items is provided in the table: Assessment Weight Due Date 1. Individual 20% Report: Final day of first term 2. Group 20% 10% Report: Final day of the trimester Presentation: at 2nd term lectures 3. Final Exam 50% Examination Period ASSESSMENT POLICY To be eligible to pass this subject, students must complete all forms of assessment and demonstrate achievement of the learning outcomes. All assignments must be submitted electronically using a word processor, uploaded to Blackboard via SafeAssign. You must print and attach the full SafeAssign report with the Holmes Institute Cover Sheet to the printed assignment (hard copy). The assignment cover sheet must include the student/s name, number, subject code and subject name, subject lecturer’s name, assignment due date and time of submission. All hard copies must be placed in the Assignment Box in the Resource Centre during opening hours. Submission deadlines are strictly enforced and late submissions incur penalties unless an extension and/or special consideration has been granted by the Subject Coordinator. No assessments are accepted after 14 calendar days of the due date. Students are requested to familiarize themselves with the Holmes Institute Assessment Policy at: www.holmes.edu.au/highereducation/assessment. ASSESSMENT DETAILS 1: Assessment criteria: Literature Review ASSESSMENT Weighting: Length/Limit: 20% 1,500 to 2,500 words 1 The articles selected as the ‘gateway’ to the literature on the various topics are nominated in the attached Lecture/Tutorial Schedule. Choose one of these articles as your core article. 1. Provide a brief summary of the core article enough to identify four key questions arising from that article which you will research. Identifying keywords in the article will also assist your further research. 2. Using Proquest, do a literature search identifying at least one article relevant to each of the four key questions that you have identified. Then summarise each of the articles you have linked to the four key questions and demonstrate its link to the question you have identified in the core article. 3. In so doing, you are constructing a mini-Literature Review. You must complete it with a Bibliography in Harvard referencing style. TOTAL 20 2: Assessment criteria: Report and Briefing ASSESSMENT Weighting: 30% 2 Length/Limit: 2,500-3,000 words and 15 minute presentation Your focus in this subject has been on new trends impacting global business. For instance: a. Organisations are experimenting with radical workplace arrangements such as, amongst others, hot-desking, working from home, corridor meetings standing-up etc. What is the motivation for these developments and are they succeeding? b. Assessing worker performance and productivity is a challenge for managers. What methods are commonly used and what evidence is there of the success of these methods? c. Is the ability of individuals to work in a team important and how is collaboration encouraged. Or is privacy an issue that precludes collaboration? d. Managers continually are required to make decisions – to make the ‘right’ decisions. But decision making is affected by biases. Discuss some of the common biases in decision making and how they might be overcome. e. What are the key factors in successful leadership? f. What examples of the execution of successful businesses strategies can you find in your research? g. Is the ‘freedom to fail’ essential to encourage business innovation? [Cite some examples of entrepreneurs successful now but who failed, even going bankrupt prior to their success]. Can experimentation help? h. ‘Digital disruption’ has launched a number of successful innovations. Research examples and identify the role of digital disruption? i. Some commenters foresee major impacts of information technology still to come in the workplace. Discuss. You will conduct this assessment as a group effort (size 3 or 4 persons). Your tutor will ensure all students are allocated to a group 1. Choose one of the questions (a to i above). You might also frame your own question provided it is acceptable to your tutor. 2. You will research the question you have chosen (using Proquest) collecting learned opinion on that question. You may also use any material that any of your group members might have found in their Literature Review (first assignment).This is a research assignment; we are NOT interested in your opinion, we want you to research scholarly articles and find learned opinion on the question you have selected. Do not be surprised if learned opinion makers differ amongst themselves. Your job is to collect a range of learned opinion on the question you have chosen. 3. Your group will prepare a written research paper outlining the various learned opinions (and their sources) that you have discovered. It is essential that all your sources are from scholarly academic publications. If there is any doubt please consult your tutor to ensure Academic Integrity. 4. Prepare a presentation of your findings in regard to your chosen question in the style of a 15 minute briefing to your manager. 5. Be prepared, at the end of your presentation, to respond to the question “Where do you think this is going?” In other words, at this stage only, you will be asked where you think the trend in leading. 20 10 TOTAL 30 3. Final Examination Assessment criteria ASSESSMENT Weighting: 50% 3 Length: 2 hours and 10 minutes Further information will be provided. TOTAL 50 STANDARD GRADING SYSTEM AND DISTRIBUTION GRADE LETTER RANGE High Distinction HD 80% and above Distinction D 70 – 79% Credit CR 60 – 69% Pass P 50 – 59% Fail NN 0-45% (did not meet the standard required according to the learning outcomes in the Subject Guide ) Faculty Pass* FP 46 – 49% (awarded by Board of Examiners) Supplementary Exam Granted (a temporary grade) NS Supplementary examination granted Deferred Exam (a temporary grade) ND Officially Deferred examination Fail NA Student did not submit any work according to the schedule in the Subject Guide Result Withheld RW Additional assessment and/or work required Result Withheld WH Outstanding fees or non-return of Holmes Institute materials * This grade is sometimes referred to as a conceded pass at other institutions VIEWING STUDENT GRADES Results including the final grade can be viewed via the Grade Centre on Blackboard. Results for all assessments are published within two weeks of the due date of the assessment and the final examination. Students who wish to appeal their mark for a specific assessment are advised to follow the procedures outlined at www.holmes.edu.au /highereducation/appeals. PLAGIARISM AND ACADEMIC MISCONDUCT Holmes Institute view any forms of academic misconduct as most serious offences. Academic misconduct in any form during an examination is not tolerated and will be dealt with according to the policies and procedures set out in the Holmes Institute Student Handbook (see www.holmes.edu.au/highereducation/handbook). Plagiarism occurs when one uses another person’s ideas or manner of expressing them and passes them off as one’s own work by failing to give appropriate acknowledgement (that is, referencing the source). Any instances of plagiarism will be dealt with promptly (see www.holmes.edu.au/highereducation/handbook). It is important that student reference their work appropriately. The Faculty of Higher Education at Holmes Institute uses the APA (American Psychological Association) style of referencing. A detailed guide to referencing can be found in the Student Handbook. It expected that you will be familiar with the APA style of referencing. USE OF BLACKBOARD Holmes Institute uses Blackboard as its online teaching platform and all students enrolled have access to Blackboard to access their lecture material, grades, important announcements on their subjects and discussion rooms for selected subjects. Please note that it is the student’s responsibility to check Blackboard on a regular basis. It is expected that students will have viewed lecture materials and additional readings before class. All students are advised to familiarize themselves with the use of Blackboard. Guides to Blackboard are available in the Resource Centre on each campus (see www.holmes.edu.au/highereducation/blackboard). Should students encounter difficulties accessing and/or using Blackboard, please contact your lecturer or the Holmes Institute Blackboard Helpdesk on: [email protected]. USE OF RESOURCE CENTRE AND PROQUEST For most subjects, students are expected to engage in additional research. Textbooks and teaching materials available in the Resource Centre will be of use here. In addition, current students have access to a range of electronic academic journals via Proquest, which is accessible once you log into Blackboard. Should you require any assistance with the use of Proquest and/or online research, please contact your lecturer and/or the Resource Centre staff on your campus. STUDY SKILLS & ACADEMIC SUPPORT Students who have difficulties with their studies and/or specific forms of assessment should visit online Study Skills on www.holmes.edu.au/highereducation/studyskills. Holmes Institute also offers regular Academic Support, which is free for any student enrolled. See details on www.holmes.edu.au/highereducation/academicsupport. SUBJECT RESOURCES Prescribed Textbook This subject is designed to develop your skills in accessing academic literature. The following anthology of articles is used as an initial gateway to the literature. HBR’S 10 MUST READS The definitive management ideas of the year from the Harvard Business Review, 2016, Harvard Business Review Press From the articles in the anthology you will use ProQuest to access the literature. Holmes Online Readings/Tutorial Activities: These will be available in the Weekly folder under > Lectures & Tutorials in Blackboard. It is the student’s responsibility to check HolmesOnline on a regular basis. It is advised that students view lecture materials and readings before coming to class. LECTURE SCHEDULE/SYLLABUS Week TOPIC 1 Management Practice Schumpeter Remembering Drucker – The Economist What Would Peter Say? – Harvard Business Review Peter Drucker – Managing in the Next Society – Drucker Society of Austria All of the following topics and articles are chosen from HBR’S 10 MUST READS The definitive management ideas of the year from HBR 2016 2 The Work Environment Work Spaces That Move People pp.139-151 Impact of Wor kplace Factors on Worke r Prod uctivity 3 Teamwork: Collaborate or Compete When Senior Managers Won’t Collaborate pp 121-137 4 Performance Management Reinventing Performance Management pp. 1-14 5 Transparency or Privacy The Transparency Trap pp.15-27 6 Leadership The Authenticity Paradox pp. 89-101 Decisio n Making and Le adership 7 Decision Making Outsmart Your Own Biases pp. 47-59 8 Business Strategy Why Strategy Execution Unravels – and What to Do About It pp. 75-88 Business Strategy 9 Experimentation as a Strategy Tool The Discipline of Business Experimentation pp. 103-119 Week TOPIC 10 Information Technology Revolutionizing Business Digital Ubiquity: How Connections, Sensors, and Data are Revolutionizing Business pp, 153-170 Note: Group Presentations start this week Impact of Technology on Bus iness 11 3-D Printing The 3-D Printing Revolution pp. 61-73 12 Revision and Complete the Group Presentations Note: Students must consult the Academic Calendar for the dates of the Study and Examination Week in the trimester. STUDENT ASSISTANCE Studying in higher education presents many experiences and challenges. These might involve academic, personal and/or professional issues. At Holmes Institute, we have a range of people who can help you with various challenges. The following table identifies contact points should you require any support. SUPPORT REQUIRED WHO TO CONTACT Information for Current Students Holmes Institute Student Handbook: Academic Probation / Mentoring Academic Mentors, Associate Dean Accommodation Holmes Institute Home Stay Computers, Blackboard, Email IT Help Desk Disability Needs Holmes Institute Campus Directors Employment and Careers Career Development Team Enrolment Higher Education Coordinator Exams Higher Education Coordinator Financial Issues Holmes Institute Campus Directors Personal Issues National Higher Education Program Manager, Mentoring Team Proquest Database Librarian on each Campus Study Skills Holmes Institute Academic Support & Study Skills Team Visa Issues, COEs etc. Higher Education Coordinator MAPPING SUBJECT LEARNING OUTCOMES to the ASSESSMENT SCHEDULE Learning outcomes for subject Assessment tasks Type * (see examples noted below this table) When assessed – year, session and week (for example, year 1, semester 1, week 1) Weighting (% of total marks for subject) Knowledge Graduates will be able to, discover, analyse and evaluate social, economic, political, and technological trends both in particular countries and across the globe. Assessment Task 1 – Literature Review (Formative Assessment) Assessment Task 2 – Group Research Report (Formative Assessment) Assessment Task 3 - End of study period examination (Summative Assessment) Year 3 Semester may vary Week 5 Semester may vary Week 11 Semester may vary Week 14 Task 1 – 20% Task 2 - 30% Task 3 – 50% Skills Graduates will be able to, analyse and evaluate trends to assess how these trends may impact on business in general or on a specific organization. Assessment Task 2 - Group Research Report. (Formative Assessment) Year 3 Semester may vary Week 11 Task 2 - 30% Learning outcomes for subject Assessment tasks Type * (see examples noted below this table) When assessed – year, session and week (for example, year 1, semester 1, week 1) Weighting (% of total marks for subject) Application of Knowledge and skills Graduates will be able to apply, research skills to assist clients to evaluate social, economic, political, and technological trends. Students will demonstrate familiarity with the academic literature on the macro environment and a capacity pursue life-long learning. Students will demonstrate the capacity to write persuasive reports containing sound recommendations, in preparation for a career in business or government. Assessment Task 2 - Group Research Report. (Formative Assessment) Assessment Task 1 - Literature Review (Formative Assessment) Assessment Task 2 - Group Research Report. (Formative Assessment) Year 3 Semester may vary Week 11 Semester may vary Week 5 Semester may vary Week 11 Task 2 – 30% Task 1 – 20% Task 2 - 30% This subject outline was prepared by Holmes Course Development Team for the Faculty of Higher Education, Holmes Institute. It was correct at the time of publication. Change to the Subject Outline may occur at any time. However, the Faculty of Higher Education endeavours to inform the students accordingly. This publication is copyright. Apart from any fair dealing for the purpose of private study, research, criticism, or review as permitted under the Copyright Act, no part may be reproduced by any process or placed in computer memory without written permission. Enquires should be made to Holmes Institute Faculty of Higher Education. © Copyright 2017