A.P2 Explain the impact of globalisation on the national economies of contrasting countries.

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Unit 15: International Business 

Level: 3
Unit type: Internal
Guided learning hours: 60

Unit in brief
Learners explore the reasons why businesses trade globally and consider the factors that influence the implementation of international business strategies.

Unit introduction
International business has a significant influence on a nation’s economy. It takes place in a globally competitive environment, involving organisations of all types and sizes.

Organisations engaged in international business activities need to take into account a number of factors, such as the culture and politics of the country with which they want to do business. Governments can influence international business to maximise the benefits to the national economy and countries join international trading blocs to promote and protect international business.

In this unit, you will explore the benefits and issues associated with international business activities. You will investigate the economic and wider external environments that influence the choice of international markets. You will also examine the strategic and operational approaches to developing business in an international context. To complete the assessment task within this unit, you will need to draw on your learning from across your programme of study.
This unit will give you a greater understanding of the global business environment to help inform your career choices. The unit gives you the skills to undertake advanced or specialist studies in international business at higher education level.

Learning aims
In this unit you will:
A. Examine the influences on the growth of globalisation
B. Explore the structure of the global economy
C. Examine strategic and operational approaches to developing international business. 

Assessment criteria

Pass                                   Merit                                 Distinction

Learning aim A: Examine the influences on the growth of globalisation

 

A.D1 Evaluate the importance of factors influencing the global economy and the impact of globalisation on the national economies of contrasting countries.

A.P1 Explain the importance of factors influencing the global economy.

A.P2 Explain the impact of globalisation on the national economies of contrasting countries.

A.M1 Analyse the importance of factors influencing the global economy and the impact of globalisation on the national economies of contrasting countries.

Learning aim B: Explore the structure of the global economy

 

B.D2 Evaluate the impact of trading associations and trading barriers on an international trading organisation.

B.P3 Explain the impact of trading associations on an international business organisation.

B.P4 Explain the impact of trading barriers on an international business organisation.

B.M2 Analyse the impact of trading associations and trading barriers on an international trading organisation.

Learning aim C: Examine strategic and operational approaches to developing international business

 

C.D3 Justify own recommendations for the future strategic direction of an international business organisation.

C.P5 Explain the current strategic approach of an international business organisation.

C.P6 Explain reasons for own recommendations for the future strategic direction of an international business organisation.

C.M3 Analyse the current strategic international approach of a business organisation.

CM.4 Analyse the future strategic direction of an international business organisation, with rationale for own recommendations.

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