BUSM 7093 The Business Environment

Credit Points 10

Legacy Code 200783

Coordinator Maria Estela Varua Opens in new window

Description This unit introduces students to different aspects of the business environment so they develop a general understanding of a wide range of topics within the field of commerce. Management, marketing, legal and economic perspectives are explored as components of business structures taking into account the interactions between political, social, and fiscal enviroments. It is recommended that students undertake this unit in their first quarter of study.

School Business

Discipline Business Management

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Incompatible Subjects LGYA 4461 - Operations Management ECON 7001 - Economics (PG) BUSM 7010 - Business Operations Management BUSM 7044 - Information for Business LGYA 8762 - International Business Environment

Restrictions

Students must be enrolled in 5502 Graduate Certificate in Business Administration, 2755 Master of Business Administration, 2757 Graduate Certificate in Business Administration, 2762 Executive Master of Business Administration.

Learning Outcomes

On successful completion of this subject, students should be able to:

  1. Identify a range of different business structures and the environment in which they operate;
  2. Interpret the implications of business decision making across all key areas of business activity;
  3. Consider the commercial importance and relevance of corporate sustainability and social responsibility in business decision making.

Subject Content

Terms and concepts related to a variety of business models
Different business structures and the institutions that make up the economy
The mixed economy and the role of the government
The macro economic environment, including the global environment
Introductory business law and how it impacts corporate activity
Sustainability and corporate social responsibility issues related to business operations

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Individual case studies 500 words 30 N Individual
Individual - presentation - and summary - based on a weekly topic 10-15 minutes and 500 words minimum 20 N Individual
Final exam 2 hours 50 Y Individual

Prescribed Texts

  • Bovee C.L and Thill J.V (2011) �gBusiness in Action�h, 5th Edition, Prentice Hall (Pearson)

Teaching Periods