Course Profile   Introduction to International Business (BBB4M), Grade 12, University/College, Public

 

Unit 1:  The Global Environment for Business

Time:  30 hours

 

Activity 1.1 | Activity 1.2 | Activity 1.3 | Activity 1.4

 

Unit Description

Students determine how international business and economic activities increase the interdependence of nations; analyse ways in which people and domestic businesses have been affected by international business; evaluate the factors that influence a country’s ability to participate in international business; and demonstrate an understanding of international business terminology and concepts.

Strand(s):  The Global Environment for Business, Business and Trade

Unit Synopsis Chart

Activity

Learning Expectations

Assessment Categories

Tasks

1.1
International Interdependence

8 hours

GEV.01, GE1.01, GE1.02, GE1.04

Knowledge/ Understanding Thinking/Inquiry Application Communication

1.       Creating a Chart

2.       Class Discussion, Written Report

3.       Internet Research, Oral Presentation

4.       Debate

1.2
Effects of International Business

6 hours

BEV.02, GE2.01, GE2.02, GE2.03

Knowledge/ Understanding Thinking/Inquiry Communication Application

1.       International Markets vs. Domestic Markets

2.       Debate on the Benefits of International Agreements

3.       International Employment Opportunities Scrapbook and Discussion

1.3
Factors That Discourage Trade

8 hours

BTV.01, GEV.01, BT1.02, GEV.03, GE1.03, GE3.02, GE3.04, GE3.05

Knowledge/ Understanding Thinking/Inquiry Communication Application

1.       Comparison of Domestic and International Businesses

2.       Analysis of Currency Fluctuations

3.       Invoice Assignment

4.       Buying Forward Activity

1.4
Factors That Encourage Trade

8 hours

GEV.03, BTV.01, GE3.01, GE3.03, GE3.04, GE3.05, BT1.03

Knowledge/ Understanding Thinking/Inquiry Communication Application

1.       Presentation Software and Internet Usage Review

2.       Website Assessment

3.       Electronic Presentation

4.       Conditions that Impact on Import/Export

 

Activity 1.1:  International Interdependence

Time:  8 hours

Description

Activity 1.1 focuses on international interdependence. Students create a chart with the following headings in the left column: Food Sources; Clothing Sources; and Entertainment Sources. To the right of each heading, students list goods and services that they commonly purchase and then identify where these goods and services have been manufactured or produced. Sharing lists with other classmates and creating a master list of as many foreign manufacturers and producers as possible completes this part of the activity. Next, the class discusses interdependence on a much larger scale, such as trying to achieve global objectives such as raising living standards. Groups of students can research past Team Canada missions, which will illustrate the positive impact of going into business with foreign companies and/or trading abroad. Students then research the impact of relying on goods and services manufactured in other countries.

Strand(s) & Learning Expectations

Strand(s):  The Global Environment for Business

Overall Expectations

GEV.01 - determine how international business and economic activities increase the interdependence of nations;

BTV.01 - demonstrate an understanding of international business terminology and concepts.

Specific Expectations

GE1.01 - evaluate ways in which global business activity affects the links between, and interdependence, countries;

GE1.02 - compare the advantages and disadvantages for a nation as it increases its interdependence with other nations;

GE1.04 - identify and explain reasons for the international business relationships that Canada has established with its major global partners over time.

Prior Knowledge & Skills

·         Knowledge of terms, such as interdependence, domestic business, global economy, international partnerships, and protectionist.

Planning Notes

·         Prepare a pre-unit test of terms.

·         Teacher should prepare a chart for students to record data on food, clothing, and entertainment sources.

·         Teacher generates a list of topics/issues, such as child labour, labour issues, global opportunities, and marketing/advertising, to help in student discussion of what interdependence is all about.

·         Teacher checks relevant websites listed in Resources for the unit.

·         Teacher gets up-to-date information on past, present, and future Team Canada missions at www.tcm-mec.gc.ca. A bulletin board display showing the advantages and disadvantages of international trade could serve as a useful reference when studying this unit.

·         Another approach to the activity could include a survey of students, teachers, parents/guardians, and friends to find out where Canadians travel while on vacation. What is the number one destination for travel by Canadians? Since the U.S. is Canada’s #1 trading partner, do the survey results demonstrate this close relationship? Note: Students must be instructed to accept “no comment” as a valid answer to any questions, and to respect that people may choose not to respond at all.

·         The teacher reviews the school and board Internet use policy with the class.

Teaching/Learning Strategies

1.1.1     Students individually complete the chart on the sources of goods and services they purchase and record their entries under the headings Food, Clothing, and Entertainment. Then the whole class generates a master list. The master list can be organized under the following market headings: European, North American, Asia Pacific, and Other.

1.1.2          Students discuss the concept of international interdependence by answering questions like: Is it possible to address the issues of child labour, literacy, poverty, and hunger on an international basis without the involvement of many nations? Could Canada satisfy consumer demand without importing goods and services? How is marketing of goods or services different in a foreign country? If Canada closed its borders, what goods and services would disappear from store shelves? Is it possible to be self-sufficient in our society? Students submit for evaluation a one-page summary of the class discussion. (See Written Report Rubric found in BTX4E Public Course Profile.)

1.1.3          Students, in groups, assess international interdependence by listing the advantages and disadvantages of international trade. Students research background information from websites such as, Team Canada. Opportunities exist for both formative and summative assessment. Assessment/Evaluation tools are found in Appendices for the presentations of findings in the form of an oral report or a bulletin board display. (See Appendix 1.1.1, Oral Presentation Checklist.)

1.1.4     Students divide into groups to analyse the issue of the benefits and downsides of international trade, e.g., ‘consumer choices versus job opportunities’ on the Canadian economy. A teacher and/or peer assessment approach could be used to assess group presentations.

Assessment & Evaluation of Student Achievement

Diagnostic:

·         pre-unit test

Formative:

·         teacher assessment of students’ in-class work

·         peer/teacher assessment of debate (Appendix 1.1.1)

Summative:

·         written summary

Accommodations

·         ESL students may not be familiar with the use of rubrics and should be given practice before using them as assessment tools.

·         Students could be allowed more time to prepare presentations and allowed to pre-tape spoken segments.

·         Provide students with a glossary of vocabulary used in the Appendices, if necessary.

Resources

See Overview Resources Unit 1.

 


Appendix 1.1.1 – Oral Presentation Checklist

Formative Assessment

Outstanding

q   Thorough treatment of all aspects of the topic

q   Deep insight into the topic

q   Sensitive, precise use of words with attention to connotative and denotative meanings

q   Creative introduction and interesting hook

q   Could hear all things at all times

q   Excellent pace, no interruptions

q   Clear topic, flowed effortlessly

q   Does not read notes

q   Effective visual aids used effectively

q   Exceptionally organized

Above Average

q   Understood the topic well

q   Communicates information and ideas with considerable clarity

q   Introduction clear with a hook

q   Volume clear for most of the class

q   Good pace with few interruptions

q   Some reliance on notes

q   Visual aids used intermittently

q   Good organization

Average

q   Had some knowledge of the topic

q   Communicates information and ideas with some clarity

q   Introduction clear, no hook

q   Spoken too quietly at times

q   Breaks in the flow

q   Reads notes for the majority of the presentation

q   Visual aid(s) do(es) not enhance the presentation

q   Speech gets “off track” in places

Needs Improvement

q   Demonstrates limited knowledge of the topic

q   Headline missing, no hook

q   Volume barely audible

q   Starting and stopping

q   Constantly looking at notes

q   Poor visual aid(s)

q   Gaps in preparation evident

Does Not Meet Criteria

q   Does not address the topic

q   Could not be heard

q   Reads notes

q   No interaction with the audience

q   No visual aid(s)

q   No organization

Comments (Strengths and areas for improvement)

 

 

Appendix 1.1.2

Peer Assessment of Discussion

 

Group Members:

___________________                      _____________________

 

___________________                      ______________________

 

Examine your team process.

As a group, discuss your ideas on the benefits and pitfalls of international trade. What aspects of your group’s analysis make you feel particularly proud?

Highlight your thoughts below.

 

Comment on individual group members’ contributions.

 

 

 

 

 

 

 

 

Group Member

Knowledge/ Understanding Thorough understanding of international interdependence

Thinking/Inquiry (Inquiry Skills) Interprets and evaluates the benefits and pitfalls to maximize the group’s effectiveness

Applications (Making Connections) Effectively uses and applies the concepts. To analyse various international trading relationships

Communication Provides thorough, supported facts and data with clarity and confidence

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assessed by:


Activity 1.2:  Effects of International Business

Time:  6 hours

Description

Students examine some of the major effects of international business activities. The teacher provides organization charts of two businesses operating in the same major industry; one business concentrates on domestic markets and the other has a major international/global focus. Students focus on a comparison of global and domestic organizations. In addition, they conduct an examination of a major Canadian international business relationship by identifying both its advantages and disadvantages. A culminating activity involves identifying ways in which global business has led to changes in jobs and the workplace in general. The students use the Internet, newspapers, and magazines to prepare a scrapbook of job advertisements for middle or upper management positions that include international business responsibilities.

Strand(s) & Learning Expectations

Strand(s):  The Global Environment for Business, Business and Trade, World Markets and Careers

Overall Expectations

GEV.02 - analyse ways in which people and domestic businesses have been and are affected by international business;

BTV.01 - demonstrate an understanding of international business terminology and concepts;

BTV.02 - analyse the impact of international business activity on a country’s economy;

WMV.03 - describe career opportunities, skills and competencies, and education and training that relate to international markets.

Specific Expectations

BT1.01 - define the basic terminology of international business (e.g., international trade, multinational enterprise, global company, exports, imports, culture);

BT2.04 - describe the effects of international business activity on economic conditions in Canada (e.g., on employment levels, quality and quantity of products, prices, competition, technological development);

GE2.01 - compare the features of a multinational company participating in global business with those of a company focused on domestic business activity;

GE2.02 - evaluate the advantages and disadvantages of Canada’s international business relationships and activities;

GE2.03 - analyse ways in which the workplace, occupations, the nature of work and working conditions have changed historically as a result of the growth of a global economy.

Prior Knowledge and Skills

·         Understand the purpose and presentation format of organization charts.

·         Knowledge of research skills.

·         Knowledge of debating skills.

Planning Notes

·         The teacher obtains organization charts from one business with international focus and one with domestic focus. Some organizational charts are quite lengthy and complex and their presentation may require some adjustment or discussion to highlight key areas.

·         The teacher previews job search websites and resources.

·         The teacher reviews the rules of debate.

·         Teacher photocopies and distributes the Debate Rubric, Appendix 1.2.1, and the Written Report Rubric found in BTX4E Public at www.curriculum.org.

·         The teacher books computers with Internet connections.

Teaching/Learning Strategies

1.2.1     Students are provided with the organization charts of two businesses operating in the same major industry, e.g., manufacturing, resource, financial services. One business concentrates on domestic markets and the other has a major international/global focus. Individually, students determine areas where significant organizational differences occur, e.g., marketing structure, production structure, management structure, and prepare a written/keyed analysis. A peer assessment encourages each student to comment on the report of another student through written/keyed identification of areas of strength and constructive suggestions for improvement. Draft work (with peer comments) is included with an edited or an alternative written report that is evaluated by the teacher. (See Written Report Rubric, BTX4E Public Course Profile at  www.curriculum.org.) The teacher reviews the school and board Internet use policy.

1.2.2     Student groups use an e-search and/or newspaper/magazine articles to identify and list the “pros and cons” of one major Canadian trading relationship, e.g., NAFTA. Once this background material is gathered, the class participates in a formal debate. Two groups debate the resolution (e.g., that the Agreement is harmful to Canadian economy) and the effectiveness of their arguments is assessed by a third group of judges using a debate rubric, Appendix 1.2.1. Peer (judges) assessment is provided. This activity provides some background information for the class discussion in Activity 1.2.3. (See Debate Rubric, Appendix 1.2.1.)

1.2.3     Students use an e-search and/or newspaper articles to prepare a scrapbook of job advertisements for middle or upper management positions that include international business responsibilities. An analysis of each job advertisement identifies its necessary qualification and responsibilities. Using the scrapbook information as a basis, the teacher conducts a class discussion of how international business has caused changes in occupations, the workplace, the nature of work, and working conditions. A summary of this discussion is prepared by each student and included in the scrapbook. The teacher provides a scrapbook rubric at the beginning of the activity for the students to use as a formative assessment tool. The teacher uses a scrapbook rubric as a summative assessment tool.

Assessment & Evaluation of Student Achievement

·         Focus: Knowledge/Understanding, Thinking/Inquiry, Communication, Application.

·         Involving students, peer assessment encourages students to participate fully in group activities. The teacher assigns individual grades.

·         The timeline for Activity 1.2.1 should provide sufficient time between peer evaluation and final submission for students to make additions and changes to their submission.

Formative Assessment

·         Written report – peer assessment

·         Peer assessment using Debate Rubric, Appendix 1.2.1

Summative Assessment

·         Teacher evaluation of report and individual students contributions to debate

·         Written Report Rubric from BTX4E Public and Debate Rubric, Appendix 1.2.1

Accommodations

·         For the scrapbook activity, alter the number of advertisements required, where necessary.

·         ESL students may benefit from a discussion of the vocabulary used in assignments and organization charts.

·         ESL students can read or pre-tape a specific debate argument and to omit the rebuttal element of the debate format.

·         Provide extended preparation times for all activities.

Resources

See Overview Resources Unit 1.


Appendix 1.2.1

Debate Rubric – Feedback Tool for Group Performance

Criteria

Level 1

(50-59%)

Level 2

(60-69%)

Level 3

(70-79%)

Level 4

(80-100%)

Knowledge/Understanding

Understanding of effect of international business terms and concepts

 

GEV.02, BTV.01

- limited understanding demonstrated by the group

- some understanding demonstrated by the group

- considerable understanding demonstrated by the group

- thorough understanding demonstrated by the group

Factual support of position

 

GE2.02

- identifies limited applicable and factual support

- identifies some applicable and factual support

- identifies considerable applicable and factual support

- identifies a high degree of applicable and factual support

Thinking/Inquiry

Organization and quality of rebuttal

 

GEV.02, BTV.01

- demonstrates limited ability to organize a coherent rebuttal

- demonstrates some ability to organize a coherent rebuttal

- demonstrates considerable ability to organize a coherent rebuttal

- demonstrates the ability to organize a coherent rebuttal

Application

Application of course skills, concepts in the debate

 

BT2.02, BT2.04

- demonstrates a limited ability to organize and structure ideas

- demonstrates some ability to organize and structure ideas

- demonstrates considerable ability to organize and structure ideas

- consistently presents ideas in an organized and well-structured manner

Communication

Use of terminology of international business to present a clear argument

 

BT1.01

- uses terminology with limited effectiveness

- uses terminology with some effectiveness

- uses terminology with considerable effectiveness

- uses terminology with consistent effectiveness

Note: A student whose achievement is below Level 1 (50%) has not met the expectations for this assignment or activity.

Adjustment to criteria and expectations may be made to provide for specific requirements as identified by the teacher.


Activity 1.3:  Factors That Discourage Trade

Time:  8 hours

Description

Activity 1.3 requires students to examine the government regulations and international currency fluctuations that impact foreign trade. Each student will have an opportunity to act as a government agent and inspector, analysing an invoice from one of the “shipments” that has just arrived. The teacher creates a series of invoices, each one for a product that comes under specific Canadian government regulations and each one from a different country. Students calculate the value of the shipment, using different tariff and currency exchange rates. The second part of the activity has the students calculate what the shipment would have cost had it been ordered a year ago. Students assess the need for trade restrictions.

Strand(s) & Learning Expectations

Strand(s):  The Global Environment for Business

Overall Expectations

GEV.01 - determine how international business and economic activities increase the interdependence of nations;

GEV.03 - evaluate the factors that influence a country’s ability to participate in international business.

Specific Expectations

GE1.03 - identify barriers to international business activity (e.g., tariffs, non-tariff barriers, restrictions on currency movements and foreign investment, visa and passport policies, immigration policies) and describe ways in which countries can lower the barriers;

GE3.02 - describe how the value of a country’s currency affects its ability to acquire products from other nations;

GE3.04 - explain why governments may develop policies to protect some products or industries from the international competition that results from global business activity;

GE3.05 - determine the effect on international business of Canadian government policies (e.g., related to corporate taxation, tariffs, investment) and initiatives (e.g., intergovernmental contacts, embassy and consulate networks, government trade missions).

Prior Knowledge & Skills

·         Knowledge of foreign exchange.

Planning Notes

·         Prepare a quiz to determine students’ prior knowledge of the major currencies in the world. The business section of any national newspaper will provide a list of currencies and conversion rates.

·         Photocopy a class set of the Blank Invoice Form (Appendix 1.3.1). Prepare each invoice. The invoices should be for a pharmaceutical product, a food product, clothing, a product that has an environmental impact, a car or bus, a product that is restricted in Canada, a toy for a young child, meat or fish, livestock, and honey. Each specific product has been selected because it provides a different set of import regulations for students to examine. The price of the goods should be stated in the currency of the country of origin. (As an added feature, one of the invoices could be from North Korea or another country on which Canada has placed a trade embargo.) Teachers can either include a tariff rate or have the students research the rate as part of the activity.

·         Check all websites to ensure that they are current.

·         Some students may have samples of currency from another country. They could bring it to class and discuss the complexity of currency exchange. This can only occur where security can be provided for this currency.

Teaching/Learning Strategies

1.3.1     The teachers should make sure students are familiar with government rules and regulations regarding the importation of goods (textbook assignment, match the government department with the type of good that is restricted, etc.) and where to locate this information electronically. Review school Internet policy.

1.3.2     The reasons for and impact of international currency fluctuations should be analysed. The Canadian/U.S. dollar comparison could be used as a benchmark. Students who have had personal experience with other currencies could be used as a resource.

1.3.3     Divide the class in half. One half of the class receives an invoice; the other half acts as Canadian Government inspectors. The inspectors need to state what government agencies they represent (there will always be several) and what inspections were made on the product, calculate the value of the shipment in Canadian dollars, calculate the tariff rate, add the GST and total the invoice. The other half of the class then exchanges roles with their partners, using a new invoice. Each invoice is submitted to the teacher and posted in the classroom. Students are given some time to examine the work of their classmates. A discussion should follow as to what was learned.
(Note: If students receive their invoices in advance, they can prepare them using actual businesses. They could also bring in products or pictures of products to represent the goods to be inspected. See Appendix 1.3.1.)

1.3.4     Each student is to select one of the invoices (not one they have worked with) and calculate a new value for it based on the currency rate in effect one year ago. Each student should then move to the left side of the classroom if their new invoice total is higher than the original, to the right if the new invoice total is lower than the original, or remain seated if there is no change. An analysis of the results should follow, mentioning the “buying forward” principle for invoices in foreign currency. It will be especially hard on the left-hand side of the class, as their goods all increased in value and became more expensive. Be sure to point out that many foreign purchases are made a year in advance.

Assessment & Evaluation of Student Achievement

Focus: Knowledge/Understanding, Thinking/Inquiry, Communication, Application

Diagnostic

Currency Quiz (prior knowledge) teacher-generated

Formative

Terminology quiz (formative) teacher-generated

Matching exercise (formative) teacher-generated

Students submit invoices to assess for completion and accuracy.

Resources

See Overview Resources Unit 1.


Appendix 1.3.1

Blank Invoice Form

 

Ship From:        ____________________________________________________________

____________________________________________________________

 

Ship To:            ____________________________________________________________

____________________________________________________________

 

Date:                _____________________      Currency          ____________________________

 

Item Description        Quantity          Cost (each)     Total

_______________      ________        __________    $_________

 

Calculations:

Currency Conversion

Invoice Total in Canadian Dollars: $____________________ (a)                      Tariff Rate: _________% (b) Tariff Amount:(b) × (a)                $ ___________________ (c)

Invoice Total: (a) + (c)$ ______________ (d) GST: 7%            (e) GST (e) × (d) $ ___________(f)

Invoice Total: (d) + (f) $ ______________

 

Inspections:

Inspected For: ____________________________________________________________________

 

Inspected By: _____________________________________________________________________

(Government agency)

 

Inspected For: ____________________________________________________________________

 

Inspected By: _____________________________________________________________________

(Government agency)

 

Inspected For: ____________________________________________________________________

 

Inspected By: _____________________________________________________________________

(Government agency)

 

Inspected For: ____________________________________________________________________

 

Inspected By: _____________________________________________________________________

(Government agency)


Activity 1.4:  Factors That Encourage Trade

Time:  8 hours

Description

Activity 1.4 requires students to investigate ways in which technology impacts on global business. Through an e-search activity, students examine several areas in which technology supports international activities. Each student team selects one business and examines how that business uses technology to conduct international business. The team examines the technological infrastructure of e-commerce, e-banking, distribution, or communication technology. The team should look at a number of websites of competing businesses and prepare a report using presentation software. A think/pair/share activity encourages students to examine a variety of other factors that impact on global activities. This exercise helps students to develop, refine, and organize their understanding of the factors that encourage trade and provide them with an opportunity to present them.

Strand(s) & Learning Expectations

Strand(s):  The Global Environment for Business, Business and Trade

Overall Expectations

GEV.03 - evaluate the factors that influence a country’s ability to participate in international business;

BTV.01 - demonstrate an understanding of international business terminology and concepts.

Specific Expectations

GE3.01 - describe ways in which technology (e.g., e-commerce, e-banking, distribution and communication technology) has had an impact on the global business environment;

GE3.05 - determine the effect on international business of Canadian government policies (e.g., related to corporate taxation, tariffs, investment) and initiatives (e.g., intergovernmental contacts, embassy and consulate networks, government trade missions);

BT1.03 - explain the factors that motivate companies to engage in international business.

Planning Notes

·         Obtain reports on trade and business development missions that Canada has been involved in.

·         Book computers.

Teaching/Learning Strategies

1.4.1          The class brainstorms reasons why businesses would wish to operate internationally (i.e., opportunities not available in domestic markets, exchange rates, solutions to problems that cannot be solved domestically, enhanced profits, new markets, access to raw materials, financial assistance, lower labour costs, skilled labour, etc., economic stability, political stability, etc.) and record this information for use later in the course.

1.4.2          The teacher distributes reports on completed trade missions by Team Canada and other groups engaged in Business Development Missions for Canada to the groups. Each group reviews and reports on the trade or business development mission that it reviewed and provides a summary handout to the class.

1.4.3          The teacher introduces the topic of the impact of technology on the way business is conducted internationally and leads the class in a discussion, i.e., e-commerce, e-banking, communication, distribution.

1.4.4          Students are put into groups and each group selects one of the following areas to research: e-commerce, e-banking, communication, distribution, and determine its impact on the global business environment. (Note: all areas should be researched by at least one group.)

1.4.5          Each group makes a presentation to the class on its research and provides the class with summary sheets.

1.4.6          Students reflect on the learnings in this unit and write an essay on the topic of the Global Environment for Business.

Assessment & Evaluation of Student Achievement

Diagnostic

Brainstorming activities enable the teacher to determine the depth and breadth of students’ knowledge.

Formative

A formative assessment of the assigned work in the form of roving conferences as students work on the in-class presentation and do their research.

Summative

Essay on Global Environment for Business.


Appendix 1.4.1

Website Assessor

 

Criteria

Comments

Credibility of Source

Where does the information come from?
Methods used for obtaining data

 

Organization

Logical flow
Ease with which specific data can be accessed

 

Appropriateness

Is the depth of information appropriate for the target market?
Give reasons for your response

 

Type of site

If a commercial site, are the sponsors provided? Information leading to specific products/services

 

Up-to-Date

Relevance of information
When was the most recent information posted?
Provide an example

 

Links

Are useful links offered?

 

Text

Legibility
Is there a balance of text type?

 

Graphics and Illustrations

Are graphics/animation helpful or just amusing? Explain.

 

Navigation

Can the information be accessed quickly?
Is the site awkward to use?
Give an example.

 

Interactive

Does the site keep you involved and interested?
How or why not?
Does the site allow for personalized information to fit specific needs and circumstances? Provide an example.

 

 

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