IB147-15 Management of Global Risks
Introductory description
A quick read of most our daily news highlights how we are facing a number of significant global risks. Sustainability, diversity loss, climate change, global warming, data privacy, trade wars, and rising inequality are key current global risks. How should or can today's manager respond to these risks?
In this module we analyse the most significant social issues encountered by t he contemporary managers. Some of the 'social' or non-market issues we explore include:
surveillance and data privacy ,
business and human rights ,
labour rights in supply chains , and
sustainability and climate change .
However, we go beyond a simple one dimensional business perspective to explore these issues as risks to the environment and risks to communities, as well as risks to business; in doing so, we adopt a multi-risk perspective.
Module aims
To enable students to understand the wider social and political environment of business activity.
To examine the different forms of governance to which firms are subject, and to which they in turn contribute through the lens of key non-market issues.
To examine how companies use corporate political activity, corporate social responsibility, and corporate governance to navigate contemporary opportunities and challenges arising from a multinational company's social, natural, political, and regulatory environment.
To present empirical puzzles through case studies and other examples, and to present concepts, theories and wider evidence to enable these puzzles to be understood.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Module Introduction and ESG Risk Management
Sustainability and Private Environmental Governance
Governance: Corporate Responsiblity vs Corporate Accountibilty
Transnational Labour Governance
Corporate Responses to Ethical Consumers
'Trust Me': Non-finanical Reporting
Social Risks: Big Data or Big Brother?
Business and Human Rights: Conflict Minerals
Led by Inferiors? Business and Politics
Academic Writing, Assessment, and Assignment
Learning outcomes
By the end of the module, students should be able to:
- Understand and recognise the different risks in a firm's natural, social, and political environments,
- Understand and recognise the different forms of socio-economic governance that surrounds business activity, particularly MNC activity, and the constraints and opportunities that they present to firms
- Understand and recognise different range of possible managerial responses in addressing global risks in a firm's natural, social, and political environments.
Indicative reading list
Reading lists can be found in Talis
Subject specific skills
Demonstrate analytical skills at the appropriate level for 1st year undergraduate learning.
Transferable skills
Demonstrate:
a) an ability to learn from and make use of written reference material;
b) demonstrate development of research skills; and
c) demonstrate an ability to apply abstract concepts to practical cases.
Study time
| Type | Required |
|---|---|
| Lectures | 20 sessions of 1 hour (13%) |
| Seminars | 9 sessions of 1 hour (6%) |
| Private study | 47 hours (31%) |
| Assessment | 74 hours (49%) |
| Total | 150 hours |
Private study description
No private study requirements defined for this module.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A1
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| Individual Assignment | 75% | 54 hours | Yes (extension) |
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Essay Assignment |
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Reassessment component is the same |
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Assessment component |
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| Group Presentation | 15% | 11 hours | No |
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Seminar presentation. |
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Reassessment component |
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| Individual assignment | Yes (extension) | ||
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Individual assignment (for both Presentation and Participation0 |
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Assessment component |
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| Participation | 10% | 9 hours | No |
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Participation in activities on a weekly basis via my.wbs |
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Reassessment component |
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| Individual Assignment | Yes (waive) | ||
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Individual Assignment (for both Participation & Presentation) |
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Feedback on assessment
in-class and on my.wbs
Courses
This module is Core optional for:
- Year 1 of UGEA-RN21 Undergraduate German and Business Studies