Course Title: Understanding the Business Environment

Part A: Course Overview

Course Title: Understanding the Business Environment

Credit Points: 12.00

Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM2562

City Campus

Undergraduate

610P BUS Portfolio Office

Face-to-Face

Sem 1 2022,
Sem 2 2022

BUSM2562

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2023

BUSM2565

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet1 2023

BUSM2566

RMIT Vietnam Hanoi Campus

Undergraduate

610P BUS Portfolio Office

Face-to-Face

Viet3 2022

BUSM2566

RMIT Vietnam Hanoi Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet1 2023

Flexible Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

BUSM2562

City Campus

Undergraduate

610P BUS Portfolio Office

Internet

JanJun2022 (All)

BUSM2562

City Campus

Undergraduate

610P BUS Portfolio Office

Internet

JulDec2022 (All)

BUSM2562

City Campus

Undergraduate

625H Economics, Finance and Marketing

Internet

JanJun2023 (All)

Course Coordinator: Professor Alberto Posso

Course Coordinator Phone: 61 3 9925 5669

Course Coordinator Email: alberto.posso@rmit.edu.au

Course Coordinator Location: City Campus

Course Coordinator Availability: Appointment by Email


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

Business operates in a complex environment of internal, external, global and digital forces. Navigating this environment successfully ultimately determines businesses’ economic, environmental, social and financial performance. This course provides a thorough and practical understanding of this environment enabling you, as future business leaders, to make sustainable decisions and manage the complexity involved. We will show you how companies and workers operate and navigate the domestic and international business environment. We will also show you that this environment is affected by both domestic and international forces and help you to understand the role that government and institutions play in both facilitating and hindering business activity. We will introduce you to practical decision tools and empirical approaches to manage each of the environmental forces that businesses face. Our introduction to business environments and decision tools is applicable to all business disciplines (economics, finance, marketing, management, advertising, accounting, information systems) and useful for employment in any field. This course will also introduce and begin to embed practices relating to the Business Graduate Folio, an eportfolio that is integrated throughout the Bachelor of Business curriculum and a requirement for the capstone close of the program.


Objectives/Learning Outcomes/Capability Development

.


Upon successful completion of this course, you will be able to:

CLO1: Explain how modern businesses operate and how they respond to different challenges.

CLO2: Design conceptual models to make sense of the environment in which businesses operate.

CLO3: Evaluate the impact of governments and institutions and their role in responding to varying domestic and global challenges.

CLO4: Apply digital literacy to navigate challenging situations in a modern business environment.

CLO5: Investigate and use an ePortfolio to digitally document achievements, capability development and evidence of learning outcomes for the purpose of future careers and employability.


Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various learning activities. This may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.


Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies/Canvas. The lecture notes and workshop notes are posted on Canvas.

RMIT Library provides extensive resources, services and study spaces. All RMIT students have access to scholarly resources including course related material, books, e-books, journals and databases.

Computers and printers are available at every Library. You can access the Internet and Library e-resources. You can also access the RMIT University wireless network in the Library.

Contact: Ask the Library for assistance and information on Library resources and services: http://www.rmit.edu.au/library. Study support is available for assistance with assignment preparation, academic writing, information literacy, referencing, maths and study skills.  Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20% Linked CLOs: 1, 4, 5

Assessment Task 2: 40% Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 3: 40% Linked CLOs: 1, 2, 3, 4, 5