1. “There is one and only one social responsibility of the business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engage in open and free competition without deception or fraud” (Friedman 1962, 133). Critically discuss the merits of this statement in the contemporary business environment and identify and discuss other potential obligations a firm may have beyond profit. Use examples to illustrate.
See the Extended Reading List for relevant references, and also consult the following: Campbell, J. L. (2007). Why would corporations behave in socially responsible ways? An institutional theory of corporate social responsibility. Academy of management Review, 32(3), 946-967. Carroll, A.B. (1991) The Pyramid of Corporate Social Responsibility: Toward the Moral Management of Organizational Stakeholders. Business Horizons 34(42):39-48. Carroll, A. B., & Shabana, K. M. (2010). The business case for corporate social responsibility: A review of concepts, research and practice. International journal of management reviews, 12(1), 85-105. Cavusgil, S. T., Knight, G. & Riesenberger, J. (2013) International Business: The New Realities. Global Edition. 4th Edition. Harlow: Essex: Pearson. Chapter 5 Friedman, M. (1962) Capitalism and Freedom. Chicago: The University of Chicago Press.
Hill, C. W. (2014) International Business: Competing in the Global Marketplace”, 10th Ed, McGraw-Hill Irwin: New York. Chapter 5 Johnson, G., Whittington, R. & Scholes, K. (2011) Exploring Strategy: Text & Cases. 9th Edition. Prentice Hall: London. Chapter 4 Morrison, J. (2011) “The Global Business Environment: Meeting the Challenges”, 3rd ed, Palgrave: Basingstoke. Chapter 13
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2. How integrated, interconnected and interdependent is the global economy? With the use of examples, critically evaluate the current state of globalization worldwide.
See the Extended Reading List for relevant references, and also consult the following: Cavusgil, S.T., Knight, G, and Riesenberger, J. (2017) International Business: The New Realities, 4th Edition, Global Edition, Upper Saddle River, NJ: Prentice Hall (Chapter 2) Ghemawat, P., & Altman, S. (2013). Depth index of globalization 2013: and the big shift to emerging economies. IESE Business School, University of Navarra. https://www.ghemawat.com/wordpress/wp-content/uploads/2016/07/Depth-Index-ofGlobalization_2013-1.pdf Hill, C. W. and Hult, T. (2018) “Global Business Today”, 10th Ed, McGraw-Hill Irwin: Singapore (Chapter 1) Hill, C. W. (2017) “International Business: Competing in the Global Marketplace”, 11th Ed, McGraw-Hill Irwin: New York (Chapter 1) Morrison, J. (2011) “The Global Business Environment: Meeting the Challenges”. 3rd ed. Palgrave: Basingstoke. (Chapter 1) Peng, M. and Meyer, K. (2016) “International Business”, 2nd Ed, Cengage Learning: London (Chapter 1)
Your assignment should follow the following guidelines:
Recommended Essay Outline
Introduction – (approximately 200 words) – Brief background to the topic – Address definition of key words and issues – State your Idea: (what you are writing about & what your ideas are about the topic) – Essay structure
Main Body – (approximately 900 words) – Provide a topic sentence which says what the main point of each paragraph is – Provide supporting details for your topic sentence (based on your research) – Synthesise what you have read; that is, show what different people think about the same point – Show some critical reflection; that is, tell the readers what you think of what you have read Page 3 of 16
Conclusion – (approximately 400 words) – Recap your main points – Reiterate your view, and – Give your final word, if any.
Reference List – List the references for each of your in-text citations.
– For further guidance refer University’s Skills Hub http://www.sussex.ac.uk/skillshub/?id=355
General Instructions: 1. The word limit for the essay is 1500 (+ or – 10% rule applies), this excludes the title page and references list. We will only read the essay up to the allowed word limit, if we suspect that the essay is over the word count we will estimate the average number of words per line for the first five lines of the essay and then divide the maximum word count allowed by this value to determine the cut-off point up to which we read. For further information, please refer the university examination and assessment regulations handbook 2017/2018:
http://www.sussex.ac.uk/adqe/standards/examsandassessment 2. The assignment should include at least EIGHT references to the academic global business literature. Your recommended texts would count towards these reference sources, but articles from academic journals, see list in your module outline for examples, and books in the library must also be considered for inclusion. References cited must be included in a references list at the end of the
essay and the quality of the in-text referencing and reference list will be taken into account in the assessing the assignment.
3. You should submit the assignment through study direct by 4pm on Thursday 30th November 2017 (Week 10).
4. Late submissions will be penalised according to University regulations. Please familiarise yourself with the guidance on penalties for late submission in the examination and assessment regulations handbook 2017/2018: http://www.sussex.ac.uk/adqe/standards/examsandassessment.
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Formatting and Presentational Instructions
5. The essay should have a coversheet that includes the title for your essay, candidate number and the number of words used for the essay. Please use the template in appendix 4 of this document.
6. All assignments must be word processed with double line spacing. Please use Times New Roman/Arial, font size 12, black typeface on white paper and please insert page numbering.
7. You should use headings to structure the essay.
8. You should only use images, tables and diagrams that directly contribute to the argument(s) you are making. Images, tables and diagrams that are not referred to in the text of the document are of questionable value; please remember that no presentational aids can add to the quality of an assignment if the necessary knowledge is not present.
Assessment Criteria
9. Students should note that this assignment will be assessed using the criteria set out in the marking sheet included in appendix 2.
Referencing Instructions
10. You must use the Harvard referencing system.
11. A reference list must be provided.
12. See appendix 3 of this document for guidance on referencing. Please consult the university Skills Hub website for further information http://www.sussex.ac.uk/skillshub/?id=286
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Appendix 1: Regulations Governing Originality and Administrative Aspects of Assessment Writing Well and Avoiding Academic Misconduct Plagiarism, collusion and fabrication are all forms of academic misconduct which the University takes very seriously. Every year, some students commit academic misconduct unintentionally because
they did not know what was expected of them. Plagiarism generally takes one of three forms (though other forms may occur) – Copying work from a fellow student – Using ideas from published work which you do not acknowledge – Copying work from books, articles or internet sources and failing to acknowledge the sources.
The consequences for committing academic misconduct can be severe, so it is important that you familiarise yourself with what it is and how to avoid it. The University’s Skills Hub www.sussex.ac.uk/skillshub gives advice on writing well, including hints and tips on how to avoid making serious mistakes. You will also find helpful guides to referencing properly and improving your critical writing skills. Make use of the resources there.
If you are dealing with difficult circumstances, such as illness or bereavement, do not try to rush your work or hand in something which may be in breach of the rules. Instead you should seek confidential advice from the Student Life Centre. The full University rules on academic misconduct are set out in the Examination and Assessment Regulations Handbook.
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Appendix 2: ASSIGNMENT, GLOBAL BUSINESS, 734N1
INDIVIDUAL ESSAY
ASSESSMENT GRID
CRITERION Above 70 60-69 50-59 Below 50 – Fail 1 Attention to purpose Has addressed the purpose of the assignment comprehensively and imaginatively Has addressed the purpose of the assignment coherently and with some attempt to demonstrate imagination Has addressed the main purpose of the assignment. Some of the work is focused on the aims and themes of the assignment Fails to address the task set 2 Content and range Comprehensive/detailed knowledge of topic with areas of specialization is depth and awareness of provisional nature of knowledge Reasonable knowledge of topic and an awareness of a variety of ideas/contexts/frameworks Has given a factual and/or conceptual knowledge base and appropriate terminology Evidence of limited knowledge of topic and some use of appropriate terminology Lacks evidence of knowledge relevant to the topic and/or significantly misuses terminology 3 Use of literature/ evidence of reading Has developed and justified using own ideas based on a wide range of sources which have been thoroughly analysed, applied and discussed Able to critically appraise the literature and theory gained from variety of sources, developing own ideas in the process Some evidence and application of readings relevant to the subject; uses indicative texts identified Literature is presented uncritically, in a purely descriptive way Either no evidence of literature being consulted or irrelevant to the assignment set 4 Critical
reasoning Consistently demonstrates application of critical analysis well integrated in the text Clear application of theory through critical analysis/critical thought of the topic area Some evidence of critical thought/critical analysis and rationale for work Lacks critical thought /analysis / reference to theory
An Executive Summary is optional, given the shortness of the Report (1500 words).
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5 Conclusions Analytical and clear conclusions well-grounded in theory and literature showing development of new concepts
Good development shown in summary of arguments based in theory/ literature Limited evidence of findings and conclusions grounded in theory/literature Unsubstantiated/invalid conclusions based on anecdote and generalisation only, or no conclusions at
all
6 Referencing Referencing is consistently accurate
Referencing is mainly accurate Referencing is mainly accurate Referencing is absent or unsystematic
7 Clarity of expression (incl. accuracy, spelling, grammar, punctuation)
Fluent writing style appropriate to document. Grammar and spelling accurate.
Language fluent
Grammar and spelling accurate
Language mainly fluent Grammar and spelling may contain mistakes
Meaning unclear and/or grammar and/or spelling contain frequent errors
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Appendix 3: Introduction to Referencing
Referencing is something with which you may or may not be familiar. However it is an essential skill to master in academic work. When you are carrying out your reading for essays, it is expected that you read several sources in order to get a rounded perspective on the subject. Thus, your information for the essay comes from these sources. It is expected (and essential) that you acknowledge the sources of this information in your work. Many students (mistakenly) believe that the essays should be “their own thoughts”. Essays should contain heavy elements of synthesising established work in the area, thus the more you reference, the wider you demonstrate that your
reading is. Below is a quick introduction to get you started, please also consider the more detailed document from the Learning and Teaching Unit at Southern Australia, which I passed to you with this document and available via module’s study direct site.
A STUDENT WHO DOES NOT PROVIDE REFEENCES CAN TECHNICALLY BE GUILTY OF PLAGIARISM
Within the management subject area, the Harvard referencing system is the one generally followed. Please see the paragraph below for examples of referencing and how it works and consult university’s skills hub website: http://www.sussex.ac.uk/skillshub/?id=375.
Sample paragraph
Integrative bargaining contains many of the elements of deliberative democracy, particularly those of problem solving and positive sum game. However, deliberative theorists argue that deliberation must be classed as different to bargaining, as bargaining necessarily involves reciprocal actions
whereas deliberation does not: parties do not necessarily try to gain vis-à-vis each other from a decision under a deliberative framework; the decision taken is the one which is felt best in the prevailing circumstances (Elster, 1998; Sabel, 1994; Bessette, 1994; O’Donnell, 2000). Baccaro (2002) also differentiates deliberation from integrative bargaining in arguing that, even though in integrative bargaining, parties may seek the same solution, they do so for different underlying reasons, in contrast to deliberation which produces a consensus on both the action to take and why the action needs to be taken. Baccaro (2002:28) also argues that deliberation, unlike integrative bargaining, involves setting aside partisan positions and acting for “what is good for the group as a whole”.
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Where the author cites the ideas/thoughts of other authors without quoting them directly, the sources are placed at the end of the sentence in the form of (Author, Year). Alternatively you can say something like “Author (year) argues that” Where you quote directly from a source, the part that is quoted directly should be included in inverted commas (eg. “quote” ). As this writer included the authors name in the sentence, the quote is referenced as Author (year: page). Alternatively, if the author had not included the Author’s name in the main sentence, this reference would have been written as (Author name, year: page). Where something is written by two authors you write it as, for example, Donaghey and Teague (2005). If there are more than 2 authors it is written as the first Author’s name et al. eg Bloisi et al (2005).
