GB444.341Summer Semester, 2014 G BK 444.341 [60549], International Business Founder’s Hall, Room 211 Tuesdays and Thursdays: 11:00 to 1:45 P. M. Summer Semester: June 3 to July 25, 2014 UNILERT Emergency Warning System for Texas A&M University – Central Texas UNILERT is an emergency notification service that gives Texas A&M University-Central Texas the ability to communicate health and safety emergency information quickly via email, text message, and social media. All students are automatically enrolled in UNILERT through their myCT email account. Connect at www.TAMUCT.edu/UNILERT to change where you receive your alerts or to opt out. By staying enrolled in UNILERT, university officials can quickly pass on safety-related information, regardless of your location. Instructor: Department: Office: Phone: E-mail: Office Hours: Mr. John La Lone, BS-BA, MS-HRM. Management and Marketing Department Texas A&M University-Central Texas, Room 318L (254) 519-5472 jlalone@ct.tamus.edu Monday and Wednesday: 11:00 PM to 5:00 PM Tuesday and Thursday: 2:00 PM to 4:00 PM By Appointment only. Admin Assistant: Ms. Christine Garza (254) 519-5762/5437 Fax (254) 501-2825 A portion of this course is delivered via Blackboard Online Learning. http://online.tarleton.edu/Dual/DualLoginPage.htm You are required to check in online via email within Blackboard within two days of our first class session. 1.0 Course Description: Broad coverage of key concepts and issues in international business. Emphasis on the environment of international business and the operations of the multinational firm. Prerequisites: Junior classification 1.1 Expanded Course Description: This course is designed to give the student a broader perspective of key concepts and issues in international business. Initial emphasis is on the environment of international business, as well as theories of trade and investment. The operation of a multinational firm is addressed from both micro and macro perspectives with emphases on global currency, capital formation, entry modes, marketing, management, and human resources. 1.2 Intended Student Outcomes: At the conclusion of the course the student will be able to: 1 GB444.341Summer Semester, 2014 a. Explain the reasons and methods of entering international business through foreign markets and through domestic import/export markets. b. Analyze the cultural, political, economic, and competitive forces of countries’ international business environment. c. Identify specific trade and investment theories. d. Understand the impact of government intervention and trade agreements on global business decisions at both the micro and macro levels. Utilize currency and stock exchange reports for decision making. e. Select appropriate entry modes and business organization models to match strategic international business marketing and/or production objectives. f. Investigate international business options through the use of primary and secondary data sources. g. Apply basic marketing, management, and human resource principles to doing business in or with various countries. 2.0 Course Overview: Broad coverage of key concepts and issues in international business. Emphasis on the environment of international business and the operations of the multinational firm Class meetings will focus on reviewing and application of material, concepts, and applications from the textbook. You will perform a considerable number of hands-on exercises and discussions designed to help you integrate and apply the material presented in the text. Therefore, it is important for students to come to class prepared by having read and thought about the reading material for the day. It is important for each student to take the initiative to question or inform the instructor if he/she is having trouble following the course reading. 3.0 Required Reading and Textbook Donald A. Ball, J. Michael Geringer, Jeanne M. McNett, and Michael S. Minor. (2013). International Business: The Challenge of Global Competition (13th ed.). New York: McGrawHill. ISBN: 9780077606121. American Psychological Association. (2001). Publication Manual of American Psychological Association (6th ed.). Washington, D.C. NOTE: A student of this institution is not under any obligation to purchase a textbook from a university-affiliated bookstore. The same textbook may also be available from an independent retailer, including an online retailer. 4.0 Performance Guidelines 4.1 Attendance and Individual Performance: I ask for your regular participation in class discussion and activities, and for your timely completion of assignments. I intend that those who demonstrate quality, professional performance, will earn 2 GB444.341Summer Semester, 2014 high grades. Lesser grades are earned by those who do not. Each of you can achieve a high grade if you so choose. I strongly encourage your attendance for each class. I recognize that not all students are able to attend each class session. I expect each student to take personal responsibility for making up missed subject matter and assignments. Your timely attendance, preparation for and participation in class discussion, and timelines for assignment submissions will all contribute toward the grade that you earn for this course. 4.2 Trleton State University [or TAMUCT] E-Mail Account: Each student must claim and use their Tarleton State University (or TAMUCT) e-mail account. All e-mail correspondence between students and your instructor will be via your Texas A&M University-Central Texas “Blackboard” account. In case of Blackboard breakdown…use your Tarleton student e-mail account. Each student will send a “Blackboard” message to your instructor by Tuesday-June 10, 2014. That e-mail must reflect student’s name, Tarleton [or TAMUCT] e-mail address, course number, and course title. If you have to use your Tarleton[or TAMUCT] student e-mail account, the Subject Line must reflect this course number and student’s name. 4.3 Reading/assignments: Class meetings will consist of: review and lecture of assigned chapters. You are expected to study the material for each assigned chapter prior to coming to class. See paragraph 12 for reading schedule. 4.4 Written Assignments: 4.4.1 International Business Brief (Individual): Each student will present a 3 minute (+/- 1) synopsis of international business news. The date for your individual presentation will be assigned to you during the first week of class. The format for this report is enclosed at appendix “A.” 4.5.2 Group Export Proposal [Presentation]: Each student in this class has already been assigned to a group. Each group will create a business opportunity in a foreign country for a product manufactured in the United States. Each group will work together (collaborate) to develop a long written proposal addressed to the instructor as your supervisor, and an MS Power-Point Presentation. The format or skeleton outline for this report is enclosed at appendix “B” below. Each group will orally present their proposal in class. Your oral presentation must be at least 15 minutes (+/2) in length. Your presentation will be conducted on one of the dates scheduled in paragraph 12 below, and the specific date for your individual presentation will be assigned to you during the second week of class.. 3 GB444.341Summer Semester, 2014 Your team must research the business topic selected by your group/team. Your research must include at least 10 references (3-4 journals or magazines, 3 Internet articles, and 3-4 books (web-download in lieu of a book is not acceptable) and they all must be used [and cited] in the body of your written paper. Your group must write a 12-page [minimum] report (1-cover sheet, 10-body, 1 works cited/references cited), excluding attached data/material. You must also prepare MS PowerPoint slides for use in your oral presentation. A copy of your written proposal, and a copy of your “MS PowerPoint “NOTES”-Slides” with notes affixed and a CD “R”disk [with an electronic copy of your written proposal and MS.PPT files] will be submitted to the instructor prior to your oral presentation. The only notes you may use in the conduct of your presentation are MS.PowerPoint ”NOTES” slides. Each team/group member will each share in the presentation of this long proposal. The oral report will be not less than 15 minutes (+/-2 Minutes) in length. Each group member will contribute to the produced report and the contribution will be identified in the written report. Areas must be divided equally among the team members, and everything [research, assembly, organization, typing of written report, preparation and typing of MS.PowerPoint, and oral presentation] of those areas will be completed by the specific individual to whom they are assigned. Grading of the report and oral presentation will be a “Team Grade” shared alike and no individual grade will be given… “except as noted below.” GROUND RULES [CAUTION]: (1) If you do not work/collaborate with your assigned group on this project: Your name will remain on the project with your group. However, if you have not completed 1) your research, 2) your written portion of the proposal, and 3) your portion of the MS PowerPoint presentation that portion will be left UNDONE and you will not be able to perform your part of the oral presentation in class. This is a package deal for each student—“If you fail to complete [yourself] any part of the areas you are responsible for [see paragraph 5 c (2) (a) above], you have not completed the requirements assigned to you for this course—“your team members will not do it for you—those portions will be left blank and you will receive the grade “zero” for it. (2) Round-Robin type presentations are not allowed, and such instances will result in an immediate 10 percent deduction in grade. 4 GB444.341Summer Semester, 2014 (3) 4.5 NOTE: All Oral Presentations (Individual and Group) will be conducted in a professional manner, to include appropriate business dress. Men will wear slacks, shirt, socks, shoes, and tie (No denims, jeans, boot pants, Levi’s, sneakers, or bolo ties). Ladies will wear: blouse and slacks, or dress, or suit with socks/stockings and either low or high-heeled shoes. Look Like professionals! Timing will be strictly adhered to. Ten presentation points will be deducted if your presentation runs short or over by more than “1”minute-Individual proposal, “2” minutes for group proposal. Further, ten presentation points will be deducted if presenter(s) are not appropriately dressed. Specifications for Written Assignments: All work submitted must be completed via the use of a computer and computer software. The format/style must that you use must be consistent with professional business practice. The Style Guide of the American Psychological Association is the standard we will use. All work will be submitted on 8 ½ ” x 11” white bond paper, double-spaced, using size 12 Times New Roman fonts and the color black for wording. All margins will be 1” at the top, bottom, left and right sides. Items submitted are expected to be of collegiate quality, language, and depth. The quality of your work is a reflection of you; always present your best side. Quality work has a professional appearance and is free of spelling errors. Points will be deducted for poor grammar and wording, misspellings, appearance and improper submission. Be prepared to present your solutions in class. Your proposals and reports will be submitted with a cover sheet. The following information must be included on the cover sheet: title of work, student’s name(s), Course number and title (e.g., GB444.301, International Business), Instructor: Mr. John La Lone, and due date. Paper(s) will be stapled at the top left corner. All Message Sets, Proposals, and Presentations are due on the date scheduled in Paragraph 12 [and further delineated to a specific presentation date in class] to the instructor, in the classroom]. Submissions “will not be accepted for credit” after the date that you or your team is scheduled. All subjects and materials to be presented in this course must be “new works” researched and assembled by your group for this course. Recycling of cases, proposals, reports, and subjects from other classes “is prohibited.” 4.6 Examinations: There will be three multiple-choice, true/false, fill-in the-blank examinations during the semester. All examinations are non-cumulative—each exam will include only materials covered in prior sections of the course. Exams will be closed book and closed notes. All exams will be administered in class in 5 GB444.341Summer Semester, 2014 accordance with paragraph 12 [schedule]. Makeup [regardless of reason] will be as scheduled in paragraph 12 below. 5.0 Grading Criteria and Conversion for Examinations, and assignments Grades will be calculated as follows: 5.1 5.2 5.3 5.4 Exams (3 @ 225 Points Intl Bus Brief Group Export Proposal Professionalism Grade Base is 675 Points 50 Points 225 Points 50 Points 1000 Points Letter Grade/Points Required to Obtain Them 100-90 % = A 89-80 % = B 79-70 % = C 69-60 % = D 00-59 % = F 900-1000 800-899 700-799 600-699 000-599 6.0 Drop Policy If you discover that you need to drop this course, you must go to the Records Office and ask for the necessary paperwork. Professors cannot drop students; this is always the responsibility of the student. The record’s office will give a deadline for which the form must be returned completely signed. Once you return the signed form to the records office and wait 24 hours, you must go into Duck Trax and confirm that you are no longer enrolled. If Duck Trax reflects that you are still enrolled, FOLLOW-UP with the records office immediately. You are to attend class until the procedure is complete to avoid penalty for absence. Should you miss the deadline to fail to follow this procedure, you will receive an “F” in the course. 1. The last day for student’s to add or drop a course without having to process manual Texas A&M University documents is May 30, 2014. 2. The last day to drop an 8 Week class w/“no record is June 10, 2014. 3. The last day to drop a class w/a “Q” or a “W-Withdrawal” is July 9, 2014. 4. DEADLINE to file for Fall semester 2014 Graduation is June 27, 2014. 5. Last day to “withdraw” from the university is July 25, 2014. 7.0 Academic Honesty (Texas A&M University-Central Texas Catalog, page 37) Texas A&M University - Central Texas expects all students to maintain high standards of honor in personal and scholarly conduct. Any deviation from this expectation may result in a minimum of a failing grade for the assignment and potentially a failing grade for the course. All academic dishonesty concerns will be reported to the university's Office of Student Conduct. Academic dishonesty includes, but is not limited to, cheating on an examination or other academic work, plagiarism and improper citation of sources, using another student's work, collusion, and the 6 GB444.341Summer Semester, 2014 abuse of resource materials. When in doubt on collaboration, citation, or any issue, please contact me before taking a course of action. More information can be found at http://www.tamuct.edu/departments/studentconduct/academicintegrity.php 8.0 Library Services INFORMATION LITERACY focuses on research skills which prepare individuals to live and work in an information-centered society. Librarians will work with students in the development of critical reasoning, ethical use of information, and the appropriate use of secondary research techniques. Help may include, yet is not limited to: exploration of information resources such as library collections and services, identification of subject databases and scholarly journals, and execution of effective search strategies. Library Resources are outlined and accessed at. http://www.tamuct.edu/library 9.0 Disability Services If you have or believe you have a disability and wish to self-identify, you can do so by providing documentation to the Disability Support Coordinator. Students are encouraged to seek information about accommodations to help assure success in their courses. Please call (254) 5015831 or visit Founder's Hall 114, Suite 114. Additional information can be found at http://www.tamuct.edu/departments/disabilitysupport/index.php 10.0 Absence Policy ANY absence, excused or unexcused, beyond one absence will result in a reduction in professionalism points. It is very important that you contact me prior to any absence when possible and it will be your responsibility to make contact for missing information or assignments. 11.0 Tutoring: Tutoring is available to all TAMUCT students, both on-campus and online. Subjects tutored include Accounting, Finance, Statistics, Mathematics, and Writing. Tutors are available at the Tutoring Center in Warrior Hall, Room 111. Visit www.ct.tamus.edu/AcademicSupport and click "Tutoring Support" for tutor schedules and contact info. If you have questions, need to schedule a tutoring session, or if you're interested in becoming a tutor, contact Academic Support Programs at 254-501-5830 or by emailing tutoring@ct.tamus.edu. Chat live with a tutor 24/7 for almost any subject on your computer! Tutor.com is an online tutoring platform that enables TAMU-CT students to log-in and receive FREE online tutoring and writing support. This tool provides tutoring in Mathematics, Writing, Career Writing, Chemistry, Physics, Biology, Spanish, Calculus, and Statistics. To access Tutor.com, log into your Blackboard account and click "Online Tutoring." 7 GB444.341Summer Semester, 2014 12.0 Course Outline and Assignments The following course outline and assignments listing is provide as a guide for each student to assist you in keeping up to date in your studies and in completion of your assignments. Week Day 1. Tue Date Jun 3 Thur Jun 5 Tue Jun 10 Thur Jun 12 3. Tue Jun 17 4. Thur Tue Jun 19 Jun 24 Thur Jun 26 Tue Jul 1 Thur Jul 3 Tue Jul 8 Thur Jul 10 7. Tue Jul 15 8. Thur Tue Thur Jul 17 Jul 22 Jul 24 Jul 24 2. 5. 6. Class/Activity IB INTRO Chap 1 Chapter 2 Chapter 3 Chapter 4 Chapter 5 Chapter 6 Chapter 7 EXAM # 1 Chapter 8 Chapter 9 ORALS Chapter 10 ORALS Chapter 11 Chapter 12 Chapter 13 Exam # 2 DEMO Chapter 14 Chapter 15 Chapter 16 Chapter 17 O R A L S Chapter 18 O R A L S O R A L S FINAL EXAM Make-Up Subject Introduction/Syllabus Challenging World of Int’l Bus Int’l Trade & Foreign Direct Invest Int’l Inst’s/Int’l Bus Perspective Sociocultural Forces Natural Resources/ENVR Sustain Political & Trade Forces Intellect Prop & Other Lgl Forces Chap 1-6 Int’l Monetary Sys & FIN Forces Int’l Competitive Strategies Int’l Business Briefing Organizational Design & Control Int’l Business Briefing Global Ldrshp Issues/Practices Assessing International Markets Entry Modes Chap 7-12 PREP MS.PPT SLIDES Export & Import Practices Marketing Internationally Global Opns/Supply Chain MGMT Managing Int’l HR/ Int’l Context Long Oral Export Proposal Int’l FIN & ACCT MGMT Long Oral Export Proposal Long Oral Export Proposal CHAPTER’s 13-16 Exam # 1, & 2 Assignments Good Luck [3 Min] [3 Min] Good Luck MS.PPT Presentations Presentations Presentations GOOD LUCK GOOD LUCK 8 GB444.341Summer Semester, 2014 Appendix “A” SAMPLE OUTLINEInternational Business Briefing Gomer Pyle GB444.301, International Business __________________________ (DATE) SUBJECT: International Business Briefing 1. Name of Company: ________________________________________________________ 2. Name of Individual who started Company: _____________________________________ 3. Year Company First opened its doors: _________________________________________ 4. CompanyPurpose for Being: ______________________________________________ 5. First Year Net Profit {Loss}: _______________________________________________ 6. Is this company “Now:” a. Still Local? ___________________________________________________________ b. If National, how many states? ____________________________________________ c. If International, how many countries (and where)? ____________________________ _____________________________________________________________________ _____________________________________________________________________ 7. Their First Year’s Net Profit/Loss: _$___________________________________________ 8. Last Year’s {2013}Net Profit [Loss]: _$______________________________________ 9 GB444.341Summer Semester, 2014 Appendix “B” SAMPLE OUTLINE “EXPORT” BUSINESS PLAN COVER SHEET/PAGE I. TABLE OF CONTENTS: Include a list of any appendixes also. II. Purpose: III. EXECUTIVE SUMMARY: Short and concise. Not over 2 pages. Cover the principal points of the report, (prepare your summary after your file plan has been written) IV. Introduction: Explains why the firm wishes to export. V. SITUATION ANALYSIS: A. Description of the “Firm” and products to be exported. B. Company Resources to be used for the export business. VI. C. Competitive Situation in the industry. 1. Product comparisons. 2. Market coverage. 3. Market share. A. Export “Organization:” Personnel and structure. EXPORT MARKETING PLAN: A. Long and Short Term Goals: 1. Total sales in units. 2. Total sales in dollars. 3. Sales by product line. 4. Market Share. 5. Profit/Loss forecast B. Characteristics of ideal target markets: 1. GNP and Population 2. Per Capita. 3. GNP/Capita growth rate. 4. Size of target market. C. Identify, assess and select target markets: 1. Market contact programs. 2. Market screening-base need potential. 3. Screening financial and economic forces. 4. Screening political and legal forces. 5. Screening socio-cultural forces. 6. Screening competitive forces. D. Export marketing strategies: 1. Product line. 10 GB444.341Summer Semester, 2014 VII. VIII. 2. Export Pricing. 3. Channels of distribution. 4. Promotion methods. 5. Etc. EXPORT FINANCIAL PLAN: EXPORT PERFORMANCE EVALUATION: 11