WIDENER UNIVERSITY SCHOOL OF BUSINESS ADMINISTRATION Management 365E-A
FALL 2000
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Faculty:
Myroslaw J. Kyj, Ph.D.
Office: 8
Alsop House Phone:
610-499-1173
e-mail:
myroslaw.j.kyj@widener.edu
Office Hours:
M W: 12:30 2:00 PM; T: 6:00 6:30 PM; F: 12:30 2:00 PM and by appointment.
Text:
International Business: The Challenge of Global
Competition by Don Ball and Wendell McCulloch (Irwin McGraw-Hill) 7th
ed.
The Financial Times www.FT.com
Suggested Reading Material:
The Wall Street Journal www.wsj.com
The Economist www.economist.com
Business Week www.businessweek.com
Course Procedure and Objectives:
The course has three primary objectives:
1. Expose students to the different
cultural, economic political and technical environments in which global
business is conducted;
2. Examine the cumulative impact
of history, geography and political structures on business environments
as a way of understanding how to more effectively conduct business on a
global scale;
3. Help develop relevant management
skills for planning and expanding activities in global markets.
The course will be presented through a combination of lectures, readings, discussion of cases, videos and written projects. In addition, as part of the learning process, each student will be required to complete an in-depth instructor approved project. Students will make formal oral project presentations towards the end of the semester. Specific guidelines for the research project will be handed out under a separate attachment. Students must turn in five written internet based exercises over the course of the semester. Internet assignments are in italics and underlined. The instructor will announce in class when a particular exercise is due.
Learning Objectives:
At the completion of the course students will be able to:
1. Appreciate the differences
and similarities in economic, political and cultural environments around
the globe.
2. Understand the multi-faceted
nature of competitive advantage in a global setting.
3. Work in contexts that feature
a diversity of legal and ethical systems.
4. Have a broad understanding
of the international financial system.
5. Understand how international
competition shapes and alters society.
6. Understand the different
entry strategies for gaining access to global markets.
7. Understand how to recognize
and assess the different types of business risk in a global context - i.e.
Asian economic crisis.
8. Understand the emerging political
and economic trends in the wake of the collapse of communism.
9. Work on the Internet to secure
information about a wide range of international business issues.
Tests and Grade Policy:
Five performance packages will determine the final grade: 1) a mid-term exam; 2) five end of chapter internet assignments; 3) an oral report on a country; 4) the student research project and 5) a final exam. A numerical grade will be assigned for each respective performance package. Furthermore, the instructor reserves the right to use performance in class as a modifier of the final grade. However, grade adjustments for participation normally will be no more than a half letter grade - i.e. C to C+.
Grading is on the plus - minus system. The following ranges are used: A 94 to 100; A- 91 to 93; B+ 87 to 90; B - 83 to 86; B- 79 to 82; C+ 75 to 78; C 71 to 74; C- 67 to 70; D+ 63 to 66; D 60 to 62; ; F below 60.
All tests must be taken on the date scheduled
unless prior arrangements have been made with the course instructor. In
the event that an emergency arises, you are still obligated to inform me
before the exam. Be prepared to document the reasons for your absence upon
your return! I reserve the right not to give a make-up if in my opinion
you have not offered a valid reason for failing to sit for the exam on
the scheduled date. Also, any make-ups are scheduled at my and not the
student's convenience. Denial of a make-up will be recorded as zero for
grading purposes.
Attendance:
Active participation, especially in an upper
level course, is an integral part of the learning process. Therefore, your
presence in class is critical. The instructor will not take roll for the
purpose of recording class cuts, however frequent absence will negatively
affect the participation component of the course grade. Come to class on
time. Late arrivals and early departures disrupt the continuity of instruction
and learning.
Cheating
Any student who is caught cheating or plagiarizing material for the project will be given a failing grade for the exam or project - recorded as zero - and subjected to the University's disciplinary procedure.
TEST
WEIGHTS
Mid-Term
25%
Five internet assignments @
5% each 25%
FT reports Oral
5%
Research project
20%
Final
25%
TOTAL
100%
Topic
Sequence
1. Global Business - Chapter 1
1.1. Geography, climate and business
1.2. Domestic versus global business
1.3. Modes of international business
operations
1.4. External business environments
1.5. Environmental forces
1.6. Globalization forces
Internet exercise p.23
2. Setting up Global Operations - Chapter 2
2.1. International trade
2.2. Major trading partners
2.3. Foreign Investment
2.4. Multidomestic vs: global
strategy
Internet exercise p. 80 turn in
3. Economic Theories of International Business
Chapter 3
3.1. Mercantilism
3.2. Absolute and comparative
advantage
3.3. Factor endowments
3.4. International product life
cycles
3.5. Trade restrictions
3.6. Costs of entry barriers
Case: Tarus Manufacturing p. 116
4. International Organizations Chapter 4
4.1. United Nations
4.2. Development banks
4.3. International Monetary Fund
4.4. World Trade Organization
4.5. OPEC
4.6. Regional Trade groups
Internet exercise p.152 turn in
5. International Monetary System Chapter
5
5.1. The gold standard
5.2. Balance of payments
5.3. Money markets & foreign
exchange
5.4. Special drawing rights
5.5. The Euro
Internet exercise p.177
6. Financial Forces in International
business Chapter 6
6.1. Currency Fluctuation
6.2. Taxation/ tariffs and duties
6.3. Misery index
6.4. Basket case countries
Internet exercise p.199
7. Economic & Socioeconomic Forces Chapter
7
7.1. Global income distributions
7.2. Labor rates
7.3. Population densities
7.4. National economic plans
Case: World Laboratories p. 226
8. Physical and Environmental Forces Chapter
8
8.1. Location advantages
8.2. Topographical features
8.3. Navigable waterways
8.4. Climate
8.5. Natural resources
Mid-Term October 24th Chapters 1-8
9. Sociocultural Factors Chapter 9
9.1. Elements of culture
9.2. Religion
9.3. Language
9.4. Social organization
Case:Be Attuned to Business Etiquette
p. 296
10. Political Forces Chapter 10
10.1. Economic organization
10.2. Privatization
10.3. Nationalism
10.4. Traditional hostilities
Internet exercise p. 325 turn in
11. Legal Dimensions Chapter 11
11.1. Taxation
11.2. Rule of Law
11.3. Restrictive trade practices
11.4. Intellectual property protection
11.5. Foreign Corrupt Practices Act
11.6. Common versus Civil Law
12. Labor Chapter 12
12.1. Mobility of workers
12.2. Guest workers
12.3. Race and social status of
workers
12.4. Unions
13. Competitive Forces Chapter 13
13.1. National competitiveness
13.2. Industry targeting
13.3. Developing nations
13.4. Product piracy
13.5. Industrial espionage
Internet exercise p.419 turn in
14. Market Assessment Chapter 14
14.1. Environmental scanning
14.2. Market indicators
14.3. Trade missions and fairs
Internet exercise p. 440
15. International Marketing Chapter 15
15.1. Customization vs. standardization
15.2. Consumer & industrial product strategy
15.3. Promotion strategy
15.4. Pricing
15.5. Channel selection
Case: U.S. Pharmaceutical of Korea p. 480
16. Exporting and Importing Chapter 16
16.1. Reasons for exporting
16.2. Export assistance programs
16.3. Payment and financing procedures
16.4. Export intermediaries
16.5. Government programs
16.6. Documentation
16.7. Import duties
Internet exercise p. 509 turn in
Case: Morgan Guaranty Trust Company
p. 511
17. Financial Management Chapter 18
17.1. Transaction risks
17.2. Translation risks
17.3. Raising capital and investing
17.4. Countertrade
17.5. International cooperation