Diploma in Advanced International Business (Applied Exporting & Importing) Level 7 | Detailed Information
Programme Structure
Introduction to Exports / Imports
Discuss the nature of international trade and analyse how comparative advantage acts as a trade pattern determinant
Research the role of the World Trade Organisation (WTO)in assisting New Zealand in making trade deals with other economies
Analyse New Zealand’s current trade balance and determine export and import market choices of New Zealand firms
Discuss potential areas of Māori exporting strength, review existing Government mechanisms for Māori export and develop a framework that Māori businesses may follow when deciding to enter an export market
Examine own motivation and barriers to exporting or importing goods and services in New Zealand and challenges to be overcome in the selected area/s of international trade
Export / Import Logistics and Legislation
Describe the responsibilities of the exporter and the importer under the latest INCOTERMS (2012) and distinguish how they are used in international trade transactions
Identify and compare local regulations including environment, standards, health and safety, and local bureaucracy that may affect your export/import in any two overseas countries
Evaluate and justify the various documents for processing export and import orders
Determine supply chain logistics in exports and imports, and examine freight and delivery options and their roles for cost effective and timely delivery of goods across borders and through customs
Investigate country specific regulations for both destination specific and transport specific packaging and labelling of goods
Identify the essential components of an export/import contract and determine dispute settlement mechanisms based on the choice of which country’s law will govern the contract
Export / Import Management Systems
Develop a Manual of operational policies/procedures, standards of conduct, safeguards, and guidelines to ensure compliance to New Zealand’s export/import controls and measures for specific export transaction
Formulate a Risk Mitigation/Management Action Plan providing continuous risk assessment and mitigating risk of violation of export /import control in accordance with organisational policies and procedures
Conduct a training needs assessment and prepare a Training Plan to ensure ongoing compliance training and awareness to all staff in accordance with organisational policies and procedures
Define, develop, and document a procedure for processing all orders in supply chain management
Develop a formal Records Management Programme for facilitation of effective compliance of export/import procedures
Create a framework for monitoring and auditing export/ import compliance and define policies and procedures for taking remedial actiontional strategy development and analyse factors contributing to organisational purpose, direction and values
Export / Import Business Planning
Collect and analyse information for the export/import of a chosen product or product line or services to/from a suitable target country
Select and evaluate qualitative and quantitative methods for forecasting sales in your specific market
Develop Marketing Strategy based on the terms of sale for your specific market
Produce an overall corporate export/import business plan for your organisation
Students will be able to develop and implement operations marketing plans, including specific plans for direct marketing activities, for relevant business opportunities. Students will also be able to determine the specific marketing mix for different business environments.
Cultural Influences in Export / Import Trade
Evaluate how different cultural variables (language, customs, spiritual beliefs, etc.) impact on international business negotiations
Ascertain methods of adapting one’s behaviour to ‘fit in’ and to demonstrate acceptable social behaviour when conducting business in new cultural settings
Discuss the impact of material culture on the acceptability of a product and/or the effectiveness of a particular marketing strategy in a foreign market
Assess the influence of aesthetics on global advertising strategy, product design and packaging
Determine the influence of social organisation on a company’s global marketing strategy in a foreign market Export / Import Financing Options
Assess Debt funding and Equity financing arrangements that will minimise future cash flow and capital difficulties of an export/import transaction
Determine the financing needs of customers (buyers) and suppliers as they relate to specific export/import transactions
Compare and contrast between pre-shipment and post-shipment finance and recommend with justification a suitable facility or facilities for given situations
Evaluate the financing implications of using bank guarantees and other guarantees
Discuss the procedures associated with accessing different financing facilities available as they relate to specific export/import transactions
Export / Import Payment Options
Discuss methods of payment and determine how the operation of documentary collections and documentary letters of credit in specific foreign trade transactions might best apply as a method of payment
Explain the determination of interest and exchange rates and understand the implications for foreign trade
Assess the ways in which a company can use derivatives to hedge against adverse movements of exchange rates
Differentiate between transaction risk, economic risk and translation risk and explain how the success of a company’s foreign exchange risk management programme can be measured
Evaluate a range of methods for managing foreign exchange risks in relation to specific foreign trade situations, and select and justify appropriate risk management strategies
Examine how the financing guarantee of the New Zealand Credit Office (NZCO) applies to each of the financial instruments
Programme Outcomes:
Graduate Options
Management positions in Shipping, Transport and Logistics Organisations, Management positions in public and private import-export organisations, wholesalers, traders and merchants, or starting own export business.rest in the export trade sector would be an advantage.
Course Length: 40 weeks (Credits 120)
Class Timings: Monday & Tuesday 9 am to 5 pm AND Wednesday 9 am to 1 pm.
Introduction to Exports / Imports
Discuss the nature of international trade and analyse how comparative advantage acts as a trade pattern determinant
Research the role of the World Trade Organisation (WTO)in assisting New Zealand in making trade deals with other economies
Analyse New Zealand’s current trade balance and determine export and import market choices of New Zealand firms
Discuss potential areas of Māori exporting strength, review existing Government mechanisms for Māori export and develop a framework that Māori businesses may follow when deciding to enter an export market
Examine own motivation and barriers to exporting or importing goods and services in New Zealand and challenges to be overcome in the selected area/s of international trade
Export / Import Logistics and Legislation
Describe the responsibilities of the exporter and the importer under the latest INCOTERMS (2012) and distinguish how they are used in international trade transactions
Identify and compare local regulations including environment, standards, health and safety, and local bureaucracy that may affect your export/import in any two overseas countries
Evaluate and justify the various documents for processing export and import orders
Determine supply chain logistics in exports and imports, and examine freight and delivery options and their roles for cost effective and timely delivery of goods across borders and through customs
Investigate country specific regulations for both destination specific and transport specific packaging and labelling of goods
Identify the essential components of an export/import contract and determine dispute settlement mechanisms based on the choice of which country’s law will govern the contract
Export / Import Management Systems
Develop a Manual of operational policies/procedures, standards of conduct, safeguards, and guidelines to ensure compliance to New Zealand’s export/import controls and measures for specific export transaction
Formulate a Risk Mitigation/Management Action Plan providing continuous risk assessment and mitigating risk of violation of export /import control in accordance with organisational policies and procedures
Conduct a training needs assessment and prepare a Training Plan to ensure ongoing compliance training and awareness to all staff in accordance with organisational policies and procedures
Define, develop, and document a procedure for processing all orders in supply chain management
Develop a formal Records Management Programme for facilitation of effective compliance of export/import procedures
Create a framework for monitoring and auditing export/ import compliance and define policies and procedures for taking remedial actiontional strategy development and analyse factors contributing to organisational purpose, direction and values
Export / Import Business Planning
Collect and analyse information for the export/import of a chosen product or product line or services to/from a suitable target country
Select and evaluate qualitative and quantitative methods for forecasting sales in your specific market
Develop Marketing Strategy based on the terms of sale for your specific market
Produce an overall corporate export/import business plan for your organisation
Students will be able to develop and implement operations marketing plans, including specific plans for direct marketing activities, for relevant business opportunities. Students will also be able to determine the specific marketing mix for different business environments.
Cultural Influences in Export / Import Trade
Evaluate how different cultural variables (language, customs, spiritual beliefs, etc.) impact on international business negotiations
Ascertain methods of adapting one’s behaviour to ‘fit in’ and to demonstrate acceptable social behaviour when conducting business in new cultural settings
Discuss the impact of material culture on the acceptability of a product and/or the effectiveness of a particular marketing strategy in a foreign market
Assess the influence of aesthetics on global advertising strategy, product design and packaging
Determine the influence of social organisation on a company’s global marketing strategy in a foreign market Export / Import Financing Options
Assess Debt funding and Equity financing arrangements that will minimise future cash flow and capital difficulties of an export/import transaction
Determine the financing needs of customers (buyers) and suppliers as they relate to specific export/import transactions
Compare and contrast between pre-shipment and post-shipment finance and recommend with justification a suitable facility or facilities for given situations
Evaluate the financing implications of using bank guarantees and other guarantees
Discuss the procedures associated with accessing different financing facilities available as they relate to specific export/import transactions
Export / Import Payment Options
Discuss methods of payment and determine how the operation of documentary collections and documentary letters of credit in specific foreign trade transactions might best apply as a method of payment
Explain the determination of interest and exchange rates and understand the implications for foreign trade
Assess the ways in which a company can use derivatives to hedge against adverse movements of exchange rates
Differentiate between transaction risk, economic risk and translation risk and explain how the success of a company’s foreign exchange risk management programme can be measured
Evaluate a range of methods for managing foreign exchange risks in relation to specific foreign trade situations, and select and justify appropriate risk management strategies
Examine how the financing guarantee of the New Zealand Credit Office (NZCO) applies to each of the financial instruments
Programme Outcomes:
Graduate Options
Management positions in Shipping, Transport and Logistics Organisations, Management positions in public and private import-export organisations, wholesalers, traders and merchants, or starting own export business.rest in the export trade sector would be an advantage.
Course Length: 40 weeks (Credits 120)
Class Timings: Monday & Tuesday 9 am to 5 pm AND Wednesday 9 am to 1 pm.