Course Title: Understanding the Business Environment (Diploma/Associate Degree)
Part A: Course Overview
Course Title: Understanding the Business Environment (Diploma/Associate Degree)
Credit Points: 12.00
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
BUSM2646 |
City Campus |
Undergraduate |
525T Business & Enterprise |
Face-to-Face |
Sem 1 2023, Sem 2 2023, Sem 1 2024 |
Flexible Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
BUSM2647 |
Shanghai Uni of Int Bus & Econ |
Undergraduate |
525T Business & Enterprise |
Face-to-Face |
OFFSe22023 (CA1) |
Course Coordinator: Costa Pappas
Course Coordinator Phone: +61 3 9925 5738
Course Coordinator Email: costa.pappas@rmit.edu.au
Course Coordinator Location: City Campus Building 80 Level 5
Course Coordinator Availability: By email or by Appointment.
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
This course contributes to the following Program Learning Outcomes for the DP020 Diploma of Commerce
PLO1: Identify your role as a local, national and global citizen and outline how these perspectives apply in given business contexts.
PLO2: Apply business knowledge, social intelligence and ethical decision-making in ways that are inclusive and culturally-appropriate to produce outcomes that are, sustainable and fair.
PLO3: Assess challenges and formulate solutions in real-world contexts.
PLO4: Reflect on and continuously progress your own professional development, enhancing your intellectual agility and adaptability as tools for success in ever-changing business contexts.
PLO5: Identify and explain technical and conceptual business knowledge that is both contemporary and interdisciplinary.
This course contributes to the following Program Learning Outcomes for the AD029 Associate Degree in Business
PLO1: Explain your role as a local, national and global citizen and be able to apply these perspectives in a range of business contexts.
PLO2: Incorporate business knowledge, social intelligence and ethical decision-making in ways that are inclusive and culturally-appropriate to produce outcomes that are sustainable and fair.
PLO3: Assess challenges and formulate innovative solutions in real-world contexts.
PLO4: Reflect on and continuously progress your own professional development, enhancing your intellectual agility and adaptability as tools for success in ever-changing business contexts.
PLO5: Interpret and articulate technical and conceptual business knowledge that is both contemporary and interdisciplinary.
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.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
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
Feedback will be provided throughout the semester in class and/or in online forums through individual and class feedback on practical exercises and by individual consultation.