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1. Be able to critically discuss the impacts of globalisation on organisations.
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1.1 Analyse the effects of globalisation on organisations operating nationally using PESTLE approach.
1.2 Evaluate the role of trading blocs such as the EU on organisations with global presence.
1.3 Explain the roles and responsibilities of international organisations for harmonising business practice globally.
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- International business environment – PESTLE (political, economic, social, technical, legal, environmental) analysis; market size; economies of scale.
- Multinational corporations: transnational corporations; international institutions – World Trade Organisation (WTO), World Bank, International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), the Group of Twenty (G-20).
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2. Be able to critically discuss the socio-cultural, ethical and moral issues that affect global organisations.
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2.1 Critically analyse various socio-cultural, ethical and moral factors that may affect global organisations.
2.2 Compare and contrast organisational approaches to ethically manage a globally diverse workforce.
2.3 Critically discuss the roles and responsibilities of global organisations to improve workforce welfare.
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- Global financial stability: capital investment; emerging economies (tiger economies, BRIC economies); European Union (EU); international trading blocs, corporate values; corporate social responsibility; fair trade; transfer pricing; outsourcing; developing world production; human rights; child labour; intellectual property (copyrights, trademarks, patents); corruption; pariah states; piracy; counterfeiting; hegemony; cultural imperialism; cultural factors.
- Social, cultural, ethical and moral issues: equal opportunities, diversity; disability; discrimination; racism; harassment; bullying; whistleblowing; privacy; confidentiality (up- to-date legislation covering these issues must be used); workforce profiling; dignity in the workplace; multi-culturalism, stereotyping; labelling; prejudice, glass ceilings; human rights; Citizen’s Charter, moral imperatives; value rigidity; empowerment; management styles; work-life balance; childcare provision; professional development; employee participation; ethical standards in business activities (finance, human resources, marketing, dealing with stakeholders); affirmative action; codes of practice; organisational policies; staff training.
- Corporate governance: nature, purposes (direction, oversight, accountability); board responsibilities; transparency; disclosure; objectivity; integrity; ethical behaviour; organisational culture; stakeholders’ interests; principal/agent; governance controls (internal, external); best governance practice.
- Regulatory requirements: Cadbury report; Rutteman guidance; Greenbury report; Hampel report; Turnbull report; Higgs report; Smith report; Companies Acts (2004, 2006); the 8th Company Law Directive of the European Union (2006), Sarbanes Oxley Act (2002, US) – impact on domestic business;
- Corporate Governance Code: stock exchange listing requirements; incorporation of legal and regulatory requirements into organisational policies, practice and procedures.
- Environmental laws, issues: ecological and anthropocentric world views; climate change e. g. Kyoto Protocol, Rio Earth Summit; carbon emissions; biodiversity; environmental degradation; conservation; overpopulation; genetic engineering; resource use; resource depletion; waste; pollution; externalities, public goods, free goods; green accounting; balanced mandatory cards; corporate responsibilities; health and safety at work; accident prevention; employment contract; employer’s duty of care; occupational health
- Environmental legislation: International policy, EU legislation; UK legislation; environmental protection (air, environmental permitting, land, waste, water, chemicals); noise and nuisance; climate change; energy conservation (the most up- to-date legislation covering these issues must be used).
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3. Be able to analyse the role of corporate governance in global organisations.
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3.1 Justify the significance of responsible corporate governance in global organisations.
3.2 Critically analyse the regulatory requirements that shape corporate governance in global organisations.
3.3 Critically evaluate the impact of regulatory requirements on corporate stakeholders’ interests in a global organisation.
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4. Be able to critically discuss International Consumer Protection laws.
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4.1 Analyse the significance of national and international legal frameworks covering consumer protection laws.
4.2 Examine key international consumer protection laws that may affect the operations of a global organisation.
4.3 Evaluate the measures that exist in a global organisation to protect consumers’ interests.
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