Global
Learning of the Business Enterprise (GLOBE)®
Global
Learning of the Business Enterprise (GLOBE)®
focuses on international enterprise. The students
learn the basics of foreign trade, set up and
operate a company, work with students from other
nations, and come to appreciate the diversity
of business cultures worldwide..
SESSION
KEY
LEARNING OBJECTIVES
Topic:
Fundamentals of International Trade
Students
learn the nature and advantages of bilateral
and multilateral trade and are introduced
to foreign exchange, trade restrictions,
and balance of payments.
describe
advantages of international trade
use
exchange rates to determine the value
of international currencies
demonstrate
the effects of international trade on
prices
describe
the reasons for trade restrictions
define
balance of payments
demonstrate
principles of business ethics
demonstrate
an understanding of world environmental
issues
Topic:
Forming a Company and Conducting International
Business
Students create and manage a joint-venture
business to engage in international trade.
set
up an international company
capitalize
(funding sources) the company
manage
the company
research
potential markets
select
a product to export that can bring a profit
operate
a joint-venture partnership
demonstrate
an understanding of the principles of
international trade
develop
communication and decision-making skills
Topic:
Student Exchange
Students
visit their business partners in another
country for one week.
demonstrate
knowledge of other cultures
work
effectively with students from other cultures
exhibit
team-building skills
communicate
clearly with people from other cultures
show
sensitivity to the customs of other cultures
appreciate
the diversity of different cultures
Topic:
Management and Economics Simulation Exercise
Students
develop strategies for a company that will
conduct trade across international boundaries.