20 credits at level HE5
This module offers an opportunity to understand the fundamental issues relating to trading within an International Business environment. International Business and Freight Forwarding contains a detailed introduction to the skills and knowledge required in the management of international trade, from an understanding of the ‘global economy’, its challenges, the impact upon the supply chain and clear support in the form of risk management, transportation choices and the legal issues.
Managing International Business is also about controlling activities and managing the operations. The course includes details relating to payment issues, exchange rate management, payment terms, Customs & Excise and contract law.
This unit focuses on helping participants understand the key opportunities, structures and processes involved in trading on an international basis.
Students will learn to use a number of management tools and techniques including how business operates within a global trading network. The issues relating to flow of a supply chain and the strategic planning of global markets will also be covered. The course will also look at the legal and governmental issues and documentation requirements as well as the issues relating to risk and payment.
1) Designing the international flow management system.
2) Understanding the different types of flow.
3) Environmental impact.
4) Global integration.
5) Logistics systems.
6) Marketing strategies.
7) Competitive frameworks and priorities.
8) Configuring the supply chain.
9) Infrastructure support.
10) Financial strategies.
11) Exchange rate exposure.
12) Nominal and real exchange rates.
13) Operational exposure.
14) Risk analysis.
15) Infrastructure issues.
16) S.W.O.T Analysis.
17) Transport choices and options.
18) Contract law.
19) Regulations & contracts.
20) Customs & Excise
21) Shipping offices.
25) Export Credit.
A variety of academic and work based teaching and learning methods including; lectures, tutorials, workshops, visits, presentations, independent study, directed reading and distance learning (e-mail) will be employed to develop the skills and knowledge of the student. Assessment will be achieved by the successful completion of assignments.
Study will be structured to provide a balance between the acquisition of knowledge and opportunities for the student to demonstrate understanding of the principles of International Business.
Typical allocation of working hours would be:
Formal Lectures 21
Assignment Work 56
Directed Reading 37
Workplace study 45
Background Research 34
Total Hours: 200
Assessment is via a number (21) of assignments replicating the world of work, designed to test the student’s understanding of the subject and ability to translate this knowledge into the generation of practical solutions to problems and opportunities identified during the workplace study.
when you have successfully completed this module you will:
to demonstrate that you have achieved the learning outcome you will:
|1.||Ability to identify current trends in international trade and their importance on company policy and strategy. Understand the role of Multi-national Corporations (MNC’s) on the internationalisation of trade.||Produce a report detailing current trends and the forces behind the growth in international trade. Describe the impact NMC’s have on the ability to trade internationally, with reference to possible protectionism and market access|
|2.||Ability to identify the main forces driving companies to work in a global economy. Understand the strategic, managerial, organisational and marketing factors influencing growth in international trade.||Explain where the forces of Governments, Regulatory bodies, and International Conventions impact upon a company trading internationally. Describe the effects of these factors in terms of company growth, costs, quality and customer service.|
|3.||Identify the skills required by the Global Manager to manage and reduce commercial risk. Describe the changing requirements of the Marketing, Sourcing, Manufacturing and Financial departments to enable them to support strategic plans to operate within a global supply chain. Explain the design of international distribution networks and understand the processes used in determining the requirements.||Compare the risks associated with operating outside our own country to operating with suppliers and customers within the local economy, with reference to political, economic, financial and commercial risk. Analyse the departmental drivers and requirements when operating within a global supply chain.Identify an example of a global logistics network, including source, supply and facility location as well as customers served. Explain the review process and review the network, offering possible alternate solutions.|
|4.||Understand the network information systems required to support IT activities. Explain the sources of supply chain interruption and identify plans and initiatives to reduce the impact of these interruptions. Know how to develop strategies to counter difficulties within a global supply chain.||Conduct an overview of system demands and supply chain dimensions. Review the causes of supply chain interruption and propose actions to mitigate against these. Conduct a “SWOT” analysis to determine a crisis management strategy.|
|5.||Understand the key characteristics of successful supply chains. Describe the characteristics of international transportation modes and the role of multi-modalism. Be aware of the principle contractual issues facing a company trading internationally||Identify the objectives and design of a flow managerial control system.Describe the choices and characteristics of alternate modes for international transportation and show how these have changed to encompass international trading.Write a report to cover, Transportation Conventions, Regulatory Bodies, Financial Banking and Commercial contracts.|
|6.||Be aware of the key issues facing companies operating within International Customs and Excise Regulations.Understand the requirements for setting up and operating an Import / Export office. Be aware of the key contractual and legal obligations of trading internationally||Produce a briefing document to inform of the role of International Customs and Excise and identify how Harmonisation of Tariffs, Import and Export Controls, Procedures, Free Preferential Trade and Physical control apply. Identify the structure and job content of staff, as well as information required and special considerations and licences to set up an Import / Export office.Describe: Terms and Conditions of Sale and Purchase, Terms of Delivery, Incoterm 2000, Product safety and Liability.|
|7.||Know what documentation companies require when they want to trade internationally and why it is important. Explain how international business is conducted utilising e-commerce and the standards used
Describe the following documents, their purpose and contents:
Commercial documents (origin and financial)
Describe the various standards, protocols and controls associated with e-Commerce.
|8.||Understand the principles of cargo Insurance and the cargo insurance market and Lloyd’s. Cargo Insurance policy form and clauses, cargo rating and insurance claims. Be aware of how companies can protect against non-payment, determine selling prices and payment method.
Understand foreign currency exchange rates and mechanismsUnderstanding of the sources of Export Credit Insurance.
. Determine the need for cargo insurance and the main principles involved. Identify the market for this type of insurance.
. Describe available payment methods, price determination and financing.
Produce a report explaining the scope, application and sources of Export Credit Insurance.
Your achievement of the learning outcomes for this module will be tested as follows:
|Description||Portfolio of submisions related to the learning outcomes above.|
There are no prerequisites for this module.
No restrictions apply.
The Fundamentals of Global Business, S.D Mayhead, Logistics College North West.
Incoterms 2000, International Chamber of Commerce publication No. 560,ISBN 92 842 1199 9.
|Host Subject Group:||Business, Logistics & Information Systems|
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