International Business -Globalisation & Corporate Governance

Name: International Business -Globalisation & Corporate Governance
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Navigating International Business Realities: A Study of Globalisation and Corporate Governance

Created byThe Business Academy

Last updated 11/2023

English

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What you'll learn

Appreciate the drivers and impact of Globalisation
Appreciate the importance of good Corporate Governance
Apply the ethical decision-making framework
Learn how to assess corruption risks in Business decision making

Course content

2 sections • 23 lectures • 43m total length

Learning Objectives0:20
Explore drivers of market globalization, its societal impacts, and opportunities for internationalization within a firm's value chain.
What is Market Globalisation?0:42
Explore how market globalization drives the gradual integration of national economies into a unified global marketplace, linking firms with worldwide buyers, producers, suppliers, and governments.
History of Globalisation2:48
Outline four globalization phases from 1830 to the 1980s, noting railroads, ocean transport, telegraph and telephone, electricity and steel, and postwar trade liberalization fueling cross-border investment.
Drivers of Globalisation2:59
Identify key drivers of globalization, including technological advancements, liberalization of trade and investment, regional integration, market-driven reforms and privatization, global production, changing demographics, and government policies and international institutions.
Impacts on Society due to Globalisation3:27
Globalization drives interconnected economies while reshaping income inequality, labor conditions, cultural identity, environmental impact, governance, and corporate social responsibility across borders.
Case Study - Amazon Rainforest2:06
Globalization drives demand for soybeans and beef, fueling deforestation in the Amazon rainforest for farmland and cattle ranching, with climate, biodiversity, and ecosystem impacts.
Case Study - Nike2:52
Case study notes Nike's global supply chain facing criticism for sweatshop labor, low wages, long hours, and weak worker protections, while pursuing transparency, monitoring, and codes of conduct.
Internationalisation and Value Chain2:33
Globalization opens markets for internationalizing firms and heightens risks; adopt a cosmopolitan stance with global sourcing, exporting, and investment across Asia, Europe, and North America to optimize the value chain.
Case Study - Coca Cola4:20
Explore Coca-Cola’s internationalization journey from 1906 to a presence in over 200 countries, showing local taste adaptations, an integrated value chain, and global brand management through partnerships and CSR.
Course Summary1:12
Explore market globalization and its drivers: technology advancements, liberalization of trade and investments, and economic integration; understand the global value chain and the societal implications for firms and policy.

Learning Objectives0:25
Explore the key concepts of corporate governance, ethical challenges, and corporate social responsibility in international business, and learn to apply an ethical decision making framework to sustainability.
What is Corporate Governance?0:41
Explore corporate governance, the system of procedures and processes by which corporations are managed and controlled, and how ethics, corporate social responsibility, and sustainability shape international business beyond law.
Key Concepts1:39
Explore key concepts of ethics, corruption, bribery, corporate social responsibility, and sustainability in international business, and how management decisions affect financial performance and competitive advantage.
Ethical Challenges3:26
Explore ethical challenges in global sourcing, including human rights, sweatshops, pollution, deceptive marketing, third-party suppliers, packaging waste, and management incentives that foster unethical practices.
Ethical Behaviour0:31
Ethical behavior strengthens corporate image and selling prospects. Strong reputation eases partnering with foreign governments, while unethical actions risk prosecution, reputational damage, morale, recruitment, and exposure to unscrupulous parties.
Ethical Standards0:59
Explore ethical standards worldwide through relativism and normativism, comparing China’s counterfeit issues, Africa’s gift-giving norms, and the United States pay gaps to illustrate universal versus group-specific ethics.
Corruption Perception Index4:05
Explore the corruption perception index (CPI) by Transparency International, a 0 to 100 scale of public sector corruption guiding market selection, due diligence, risk assessment, and compliance in international business.
Ethical Dilemma0:44
Ethical dilemmas arise when competing interests force exclusive, equally justifiable or imperfect choices, as shown by child labor examples and managers abroad between home and foreign norms in international business.
Corporate Social Responsibility0:45
Explore how corporate social responsibility meets ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities, while differentiating brands, attracting talent, reducing costs, and mitigating regulatory risk.
Sustainability0:40
Explore how sustainability guides international business by balancing economic, social, and environmental interests. Focus on local impacts, fair labor, employee benefits, and protecting the natural environment.
Importance of Good Corporate Governance2:10
Managers embed ethical behavior, CSR, and sustainability into daily international business activities. They pursue high returns while supporting local communities, reducing pollution, and institutionalizing responsible practices worldwide.
Ethical Decsion-Making Framework2:12
Identify the ethical issue and gather relevant facts, data, and legal considerations in international business contexts. Evaluate alternatives, decide the most ethical option, and reflect on outcomes for stakeholders.
Course Summary1:47
Explore how corporate governance drives ethical behavior, corporate social responsibility, and sustainability in international business, using the CPI to inform decisions and mitigate corruption risks; apply a five-step decision-making framework.

Requirements

no pre-requisite

Description

In today's interconnected world, businesses are constantly expanding their horizons beyond their home markets to tap into the vast global arena. "International Business - Globalisation & Corporate Governance" is a comprehensive course designed to provide you with a solid foundation in the dynamic field of international business, focusing on Globalisation and Corporate Governance. Whether you're a student seeking to embark on a career in global commerce or a professional looking to enhance your understanding of international markets, this course is your gateway to success

By the end of this course, you will:

Understand the drivers behind market globalisation
Recognize the profound societal impacts of globalisation
Appreciate internationalization opportunities within a firm's value chain
Gain insight into the key concepts behind Corporate Governance
Navigate the ethical challenges inherent in international business
Develop an understanding of Corporate Social Responsibility and Sustainability
Acquire the skills to make ethical decisions through a robust decision-making framework
Apply the concepts learnt by going through real life case studies

"International Business - Globalisation & Corporate Governance" equips you with the knowledge and skills needed to navigate the intricate world of global commerce. Join us on this transformative journey to explore, appreciate, and excel in the realm of international business

Note: This course is a follow up to the course: International Business - An Introduction

You may also want to explore International Business - Trade and Investment Theories

#International Business #Corporate Governance # Globalisation

Who this course is for:

Anyone who wants to learn more about Globalisation and Corporate Governance

International Business -Globalisation & Corporate Governance

What you'll learn

Explore related topics

Course content

Globalisation10 lectures • 23min

Corporate Governance13 lectures • 20min

Requirements

Description

Who this course is for: