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.
Newcastle City Precinct
- Semester 1 - 2020
- Trimester 2 - 2020 (Singapore)
This course replaces the following course(s): IBUS3002. Students who have successfully completed IBUS3002 are not eligible to enrol in IBUS1000.
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
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
If you have successfully completed IBUS3002, you cannot enrol in this course.
Written Assignment: Individual Journal Article Analysis
Essay: Individual Written Essay
Formal Examination: Formal Examination: Final Exam
Newcastle City Precinct and PSB Singapore
Integrated Learning Session
Face to Face On Campus 2 hour(s) per Week for Full Term
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.