IBUS1000
10 units
1000 level
Course handbook
Description
Global companies continually face an increasing variety of business, political, economic and security risks that can directly impact both operation and profit. This course identifies and analyses the multi-level risk environments facing today's global businesses and investigates strategies to identify, assess, manage and mitigate international and geopolitical risk.Focusing upon multinational enterprise and expropriation; sovereign risk and corruption; political and regulatory risk; brand and corporate reputation risk; financial and economic risk; risk from NGOs; consumer, human right and protest group risks; and terrorism risk, students investigate the various analytical approaches involved in designing risk identification systems, reporting and monitoring protocols, and how risk is able to be assessed, prioritized and effectively managed.
Availability2024 Course Timetables
Newcastle City Precinct
- Semester 1 - 2024
Singapore PSB
- Trimester 2 - 2024 (Singapore)
Learning outcomes
On successful completion of the course students will be able to:
1. Identify and explain theories of risk and risk management in international business environments.
2. Illustrate an awareness of ethical issues in international business.
3. Explain and apply risk management frameworks when operating in global business environments.
4. Communicate an awareness of the political, economic, social and cultural factors which influence international business operations in written form
Content
This course may include the following topics:
- Types of Risks
- Geopolitical Risks: Terrorism; Corruption
- Sovereign Risk: Host Governments and Expropriation
- Systematic Risks
- Managerial Decision-making: Risks and Imperfect Information
- Contracting for Risk: Contractual Safeguards and Credible Commitments
- Tools to Assess Risk
- Risk Monitoring Framework
- Contingency Planning
- Anticipatory Capabilities
Requisite
If you have successfully completed IBUS3002, you cannot enrol in this course.
Assessment items
Written Assignment: Individual Journal Article Analysis
Essay: Individual Written Essay
Formal Examination: Formal Examination: Final Exam
Contact hours
Semester 1 - 2024 - Newcastle City Precinct
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Tutorial-1
- Face to Face On Campus 1 hour(s) per week(s) for 13 week(s) starting in week 1
Trimester 2 - 2024 (Singapore) - Singapore PSB
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
- Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
Tutorial-1
- Face to Face On Campus 1 hour(s) per week(s) for 13 week(s) starting in week 1
Course outline
- IBUS1000 - Semester 1, 2024 (Ncle) (PDF, 240.4 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.