Availabilities:

2021 unit offering information will be available in November 2020

Unit description

Discusses the global marketing environment, how global markets are identified and evaluated, and global product planning, pricing, promotion and distribution strategies. Global marketing skills are of increasing importance to marketing practitioners as the pace of globalization quickens and more and more firms choose to compete in offshore markets.

Unit content

Topic 1: Introduction to global marketing
Definition of terms; global marketing; strategic concept of marketing; stages of internationalisation; environmental controllables and uncontrollables.

Topic 2: The international economic environment
Effect on marketing strategy; IMF; BOP; trade agreements and restrictions; theory of comparative advantage; product life cycle; international trade.

Topic 3: Cultural elements of the world market environment
Culture and its elements; cultural change; innovations.

Topic 4: Political and legal dimensions internationally
Political party philosophies; the permanency of government policy; nationalism; political risk assessment; extra-territoriality of laws; host country commercial laws; arbitration; international differences in business values and ethics.

Topic 5: Regional Market Characteristics
Economic systems; customs union; free trade area; economic union.

Topic 6: Marketing information systems and international marketing research
International MIS; problems and sources of secondary data; primary data collection.

Topic 7: International product policy
Global versus adaptation; innovative products in foreign markets; the product life cycle and adaptation; the fifth P.

Topic 8: Strategy alternatives for entry and expansion into overseas markets
Licensing; ownership; strategic alliances; joint ventures.

Topic 9: Distribution - foreign market channels
Alternative channels; selection process; franchising; logistics.

Topic 10: Pricing decisions and marketing overseas
Price setting; dumping; exchange rate fluctuations; government influenced pricing; intra-company pricing strategy.

Topic 11: International promotion
Standardisation versus localisation; media planning; advertising agencies; language limitations; cultural diversity; sales personnel and personal selling abroad; sales promotion; publicity; and public relations.

Topic 12: International Market Planning and the Future of Global Marketing

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: Intellectual rigour, GA2: Creativity, GA3: Ethical practice, GA4: Knowledge of a discipline, GA5: Lifelong learning, GA6: Communication and social skills, GA7: Cultural competence
On completion of this unit, students should be able to:GA1GA2GA3GA4GA5GA6GA7
1explain how the international environment impacts upon global marketing activitiesIntellectual rigourEthical practiceKnowledge of a disciplineCultural competence
2compare marketing-mix management in domestic and foreign marketsIntellectual rigourKnowledge of a disciplineCultural competence
3discuss the impact of culture on international communicationsIntellectual rigourEthical practiceKnowledge of a disciplineCultural competence
4assess the future of global marketing.Intellectual rigourEthical practiceKnowledge of a disciplineCultural competence

On completion of this unit, students should be able to:

  1. explain how the international environment impacts upon global marketing activities
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
    • GA7: Cultural competence
  2. compare marketing-mix management in domestic and foreign markets
    • GA1: Intellectual rigour
    • GA4: Knowledge of a discipline
    • GA7: Cultural competence
  3. discuss the impact of culture on international communications
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
    • GA7: Cultural competence
  4. assess the future of global marketing.
    • GA1: Intellectual rigour
    • GA3: Ethical practice
    • GA4: Knowledge of a discipline
    • GA7: Cultural competence

Teaching and assessment

Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2021 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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