School of Business Course: BUSINESS 420 INTERNATIONAL BUSINESS – Fall 2022 ON1 – CRN 90238 Fridays 14.30 – 17.20 Important dates See http://www.ufv.ca/admissions/registration/imprtregdates/ Faculty Dr. Mike Ivanof Contact Mike.Ivanof@ufv.ca Phone: 604-854-4585 Local 4585 Note: I will contact you within 48 hours of receiving an email from you. Office hours Fridays 17.30 – 18.20 And by appointment (email for an appointment outside these hours) Prerequisite(s) 60 university-level credits including ECON 100 and ECON 101. Calendar description In today’s globalized economy, all businesses need to understand the international business environment. This course focuses on business in this environment, with indepth studies of cultural, social, and economic factors that influence decision making for global impact. Topics include export and import trade, investment transfers, international production, marketing and global monetary systems Learning outcomes Learning Outcomes Upon successful completion of this course, students will be able to: LO 1. Define the nature of international business and the three environments (domestic, foreign, and international) in which an Office: C2448 Building C second floor 1 international business person works, LO 2. Examine the nature of international organizations and their impact on business, LO 3. Explain the uncontrollable forces that make up foreign environments and their effects on business practices, LO 4. Illustrate the trends and new directions of global organizations, LO 5. Outline the strategy required to successfully position businesses and products in global markets, LO 6. Explain challenges and opportunities associated with global manufacturing and integrated supply-chain management, LO 7. Analyze issues and trends related to human resources and human capital pools from the perspective of multi-national corporations. Required resources Text: International Business, 16/e Daniels, Radebaugh & Sullivan ©2018 - Pearson ISBN-10: 0134200055 | ISBN-13: 9780134200057 If you require a calculator include the following: A calculator approved by the School of Business. For a list of approved models please see: https://www.ufv.ca/business/handbook/ Supplemental resources Several videos from YouTube, databases from UFV Library and other academic publications as required Methods of evaluation EVALUATION: A final course grade will be determined based on the following: Item Individual – Class Participation (attendance, engagement, etc.) Group – Midterm: Group project (case-based) This project is meant to integrate all the acquired knowledge from the course and will be due during SESSION 9 of the course Worth 15% 40% Due [Group in-class presentation] Group presentation format will also be discussed in the first day of classes. 2 Individual – 3 Pop-quizzes throughout the term 5% each 15% total Individual – Final Exam: 30% Last week of classes Comprehensive exam testing all accumulated information throughout the course Total 100% NOTE: Students must satisfactorily complete each component of the evaluation to pass the course. The final % grade will have a letter-grade-equivalent based on the framework detailed below in the “Grading” section Class Participation will be based primarily on contribution to class discussion and the term project, but also on the student's attendance (10% of the class participation mark will be deducted for each absence), behavior towards fellow students and the instructor. Students can expect to be called on frequently throughout the course to give their views on the issues being discussed. Please note that any student missing more than 4 classes (unless there are justifiable and documented extenuating circumstances) may not be allowed to participate in the Final Exam! The assignments are due at the beginning of the class period on their due dates and are to be handed in to the instructor personally. Students are required to retain copies of their work and may be required to submit them to the instructor on request. Late assignments will not be accepted, except in exceptional circumstances. Additional details will be provided on the assignments in separate handouts. NO LATE WORK WILL BE ACCEPTED. ALL SEMESTER’S WORK MUST BE PRESENTED IN PRINT FORM. Tests and examinations: Exams, tests, and quizzes must be written at the scheduled time, date, and location. Only a legitimate and documented reason, such as serious illness, will be accepted as an excuse for not writing an exam or test as scheduled. In this case, the instructor must be notified by the student at the earliest possible opportunity, and a doctor's certificate must be provided. Peer evaluation for all group work will be employed in order to ascertain each individual’s contribution to the project. Late submission will receive a score of zero”, “submissions that are up to 24 hours late will be penalized by a 20% grade reduction for the applicable assignment; submissions 3 that are 24 or more hours late will receive a score of zero”, “late submissions are not allowed”, “late submissions will be capped at the 50% pass mark level. In calculating final grades, any assignments, group or partner project grades will only be considered if the student has an overall passing grade in exams (e.g. midterm, final exam). This means students cannot pass the course on the basis of group work or homework. Students must pass individual exams before any group or partner grades are even considered. You must retain a copy of each submitted assignment and all working files (including, but not limited to, draft versions of your assignments, articles cited, interview transcripts, surveys) until you have received your final grade for the whole course. By submitting an assignment, you are making a declaration of intellectual integrity. You are declaring that the work submitted is your own and complies with all regulations stated in the Academic Misconduct section in this syllabus as well as UFV Policy 70. You are also agreeing to allow your work to be compared against the work of others, including the use of plagiarism detection software, to detect plagiarism. References Written assignments must use the current APA style of referencing. See also guidelines from the Academic Success Centre. English standards Assignments must be free of spelling, punctuation, and grammatical errors. Assignments containing such errors will be penalized (i.e. mark deductions up to 20%). Accommodation Students with documented disabilities requiring academic and/or exam accommodation should contact the Centre for Accessibility Services in Abbotsford or Chilliwack. Grading scale Grades will be assigned according to the following scale. Grade A+ A AB+ B Percent equivalent 90 – 100 85 – 89 80 – 84 77 – 79 73 – 76 Grade point value 4.33 4.0 3.67 3.33 3.0 4 BC+ C CD F FD 70 – 72 67 – 69 63 – 66 60 – 62 50 – 59 < 50 (fail) 0 2.67 2.33 2.0 1.67 1.0 0.0 0.0 Standard percentage equivalencies are used to determine the final letter grade. The final percentage will be rounded to the nearest integer, using standard mathematical practice (i.e. if the first digit after the decimal place is 5 or higher, rounding is to the next higher integer) before converting to a letter grade. An FD grade denotes a fail due to academic discipline and is included in the GPA calculation. Rules for assigning an FD grade are found in the Procedures and Regulations document of Policy 70: Academic Misconduct. The FD grade is changed to an F on the transcript after a period of 12 months provided the student successfully completes a workshop on Academic Integrity through the Academic Success Centre, and commits no further violations during the 12 month period. Otherwise, the FD remains. Once an FD grade is converted to an F, it is subject to the same regulations as any other F grade a student receives. Academic misconduct Academic misconduct includes, but is not limited to, giving and receiving information during any test or exam, using unauthorized sources of information during any test; plagiarizing; fabrication, cheating, and, misrepresenting the work of another person as your own, facilitation of academic misconduct, and under certain conditions, nonattendance. Plagiarism will not be tolerated. You must reference your work and acknowledge sources with in-text citations and a complete list of references. This includes direct and indirect quotes, diagrams, charts, figures, pictures, and written material. For group projects, the responsibility for academic integrity, which can result in academic misconduct and its resulting penalties, rests with each person in the group and sanctions would be borne by each member. For more information see UFV Policy 70 on Student Academic Misconduct. Also watch the videos at www.ufv.ca/ai/faculty-resources/promoting-academic-integrity-, www.ufv.ca/asc/academic-integrity-matters, and www.ufv-aim.ca. 5 Student conduct Students are required to conduct their behaviour in a mature and responsible manner, consistent with the University mission, policies, procedures and regulations. Students will be held accountable for their actions whether acting alone or in a group. Students should familiarize themselves with UFV Policy 204. Examination policy Examinations must be written at the scheduled, time, date, and location. The final examination period includes Saturdays. Writing the final examination at a time other than the one in the posted examination schedule will only be permitted when a student has a direct conflict between two scheduled examinations. Two exams on a single day is not considered a valid reason for moving an exam. Students must notify the affected instructors of a conflict by the end of Week 9 of the class. Exams may be scheduled at a time or day of the week different from the class meeting time. You must adjust your schedule accordingly. Only severe extenuating circumstances (such as serious documented illness) will be accepted as a reason for not writing an exam as scheduled. In this case, the instructor must be notified by the student at the earliest possible opportunity, and a doctor's certificate must be provided. The instructor will establish the alternate date and location for the make-up exam. Any travel plans need to be made for dates after the scheduled exam period which is published well in advance in the UFV Calendar Schedule of Events. No electronic devices (other than calculators, if required) will be allowed. Where calculators are allowed, the professor reserves the right to clear the calculator’s memory. All papers, mobile phones, books, bags, and outer garments must be placed at the front of the class or under the desk as specified by the instructor. Assignments All assignments are due at the beginning of the class period on their due dates and are to be handed in to the instructor personally. Students are required to retain copies of their work and may be required to submit them to the instructor on request. Late assignments will not be accepted, except in exceptional circumstances. Additional details will be provided on the assignments in separate handouts. NO LATE WORK WILL BE ACCEPTED. ALL SEMESTER’S WORK MUST BE PRESENTED IN PRINT FORM. 6 Tests and examinations: Exams, tests, and quizzes must be written at the scheduled time, date, and location. Only a legitimate and documented reason, such as serious illness, will be accepted as an excuse for not writing an exam or test as scheduled. In this case, the instructor must be notified by the student at the earliest possible opportunity, and a doctor's certificate must be provided. Final Exam – 3 hours written in class Multiple Choice and Essay-type questions Includes material from ALL Chapters! Final Project – International Business Marketing Plan Marketing Plan Guidelines Table of Contents: 1. 2. 2.1 2.1.1 2.1.2 2.1.3 2.1.4 2.2 2.2.1 2.2.2 2.2.3 2.2.4 2.3 2.4 2.5 2.6 2.7 2.8 2.8.1 2.9 3. 3.1 3.2 3.3 Executive Summary Ошибка! Закладка не определена. Situation Analysis Ошибка! Закладка не определена. Market Summary Ошибка! Закладка не определена. Market Demographics Ошибка! Закладка не определена. Market Needs Ошибка! Закладка не определена. Market Trends Ошибка! Закладка не определена. Market Growth Ошибка! Закладка не определена. SWOT Analys Ошибка! Закладка не определена. Strengths Ошибка! Закладка не определена. Weaknesses Ошибка! Закладка не определена. Opportunities Ошибка! Закладка не определена. Threats Ошибка! Закладка не определена. Competition Ошибка! Закладка не определена. Product Offering Ошибка! Закладка не определена. Key to Success Ошибка! Закладка не определена. Critical Issues Ошибка! Закладка не определена. Historical Results Ошибка! Закладка не определена. Macro-environment Ошибка! Закладка не определена. (PESTEL) Analysis Ошибка! Закладка не определена. Channels Ошибка! Закладка не определена. Marketing Strategy Ошибка! Закладка не определена. Mission Ошибка! Закладка не определена. Marketing Objectives Ошибка! Закладка не определена. Financial Objectives Ошибка! Закладка не определена. 7 3.4 Target Markets Ошибка! Закладка не определена. 3.5 Positioning Ошибка! Закладка не определена. 3.6 Marketing Mix Ошибка! Закладка не определена. 3.6.1 Product Marketing Ошибка! Закладка не определена. 3.6.2 Promotion Ошибка! Закладка не определена. 3.6.3 Service Ошибка! Закладка не определена. 3.6.4 Channels of DistributionОшибка! Закладка не определена. 3.7 Marketing Research Ошибка! Закладка не определена. 4 Financials Ошибка! Закладка не определена. 4.1 Break-Even Analysis Ошибка! Закладка не определена. 4.2 Sales Forecast Ошибка! Закладка не определена. 4.2.1 Sales by Manager Ошибка! Закладка не определена. 4.2.2 Sales by Segment Ошибка! Закладка не определена. 4.2.3 Sales by Population Ошибка! Закладка не определена. 4.3 Expense Forecast Ошибка! Закладка не определена. 4.3.1 Expenses by Manager Ошибка! Закладка не определена. 4.3.2 Expenses by Segment Ошибка! Закладка не определена. 4.3.3 Expenses by Population Ошибка! Закладка не определена. 4.4 Contribution Margins Ошибка! Закладка не определена. 5 Controls Ошибка! Закладка не определена. 5.1 Implementation Ошибка! Закладка не определена. 5.2 Marketing Organization Ошибка! Закладка не определена. 5.3 Contingency Planning Ошибка! Закладка не определена. References Ошибка! Закладка не определена. Appendices Ошибка! Закладка не определена. Please note the page numbering is ONLY A GUIDELINE! Follow your own page structure. Study Abroad Students are able to Study Abroad in over 80 partner institutions worldwide. Credits can be transferred, scholarships are available, virtually all courses are taught in English and applying early can ensure it doesn’t affect your graduation timeline. Visit ufv.ca/studyabroad, email studyabroad@ufv.ca or drop by UFV International (B223) for more information. Don’t miss this incredible opportunity to be a UFV Explorer! 8 Course Schedule SEMESTER WEEKS DATES TOPICS AND ACTIVITIES “TO DO’s” FOR THE SESSION Session # 1 September Friday 09 Chapter 1 – Globalization and International Business Read: Chapter 1 Session # 2 September Friday 16 Chapter 2 – The Cultural Environments Facing Business Discussion: The Cross-cultural Dimension to Leadership and Management Decision-Making (Mike Ivanof) – file uploaded in MyUFV Read: The Crosscultural Dimension to Leadership and Management Decision-Making (Mike Ivanof) Review PPT slides for Chapter 2 Session # 3 September Friday 23 Chapter 3 – The Political and Legal Environments Facing Business, Chapter 4 – The Economic Environment Facing Business Discussion - Video: http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/GWKR-VID4-WEB640.html Read: Chapter 3 and Chapter 4 Review PPT slides Chapters 3 and 4 Session # 4 September Friday 30 Chapter 5 – Globalization and Society Chapter 6 – International Trade and Factor Mobility Theory Discussion – Video: http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/ChineseGermany.html Read: Chapter 5 and Chapter 6 Review PPT slides Chapters 5 and 6 Session # 5 October Friday 07 Chapter 7 – Governmental Influence on Trade Chapter 8 – Cross national cooperation and agreements Discussion – Prezi Presentation: http://prezi.com/llo3cazo3hse/cross-nationalcooperation-and-agreements-g-20/ Read: Chapter 7 and Chapter 8 Review PPT slides Chapters 7 and 8 ONLINE SESSION THROUGH BB COLLABORATE 9 Session # 6 October Friday 14 Chapter 9 – Global Foreign Exchange Markets Chapter 10 – The Determination of Exchange Rates Discussion – Go for the Jugular by Sebastian Mallaby ONLINE SESSION THROUGH BB COLLABORATE Session # 7 October Friday 21 Chapter 11 – The Strategy of International Business Chapter 12 – Country Evaluation and Selection Discussion – Video http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/InfoSys.html Read: Chapter 9 and Chapter 10 Read: Go for the Jugular by Sebastian Mallaby Review PPT slides Chapters 9 and 10 Read: Chapter 11 and Chapter 12 Review PPT Slides Chapter 11 and 12 ONLINE SESSION THROUGH BB COLLABORATE Session # 8 October Friday 28 Chapter 13 – Export and Import Chapter 14 – Direct Investment and Collaborative Strategies Session # 9 November Friday 04 Midterm Due (group project case-based) - Comprehensive paper 18 - 20 pages - Midterms presentations 12-15 PPT Slides; 15-20 minutes presentation per group Session # 10 November Friday 11 Chapter 15 – The Organization of International Business Chapter 16 – Managing International Operations Discussion – Video http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/IB2013_Creatasphere_OrgCultu re.html Read: Chapter 13 and Chapter 14 Review PPT slides Chapters 13 and 14 Read: Chapter 15 and Chapter 16 Review PPT slides Chapters 15 and 16 10 Session# 11 November Friday 18 Chapter 17 – Global Manufacturing and Supply Chain Management Chapter 18 – International Accounting Issues Discussion – Video http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/IB2013_Toyota_Outsourcing.ht ml Session 12 November Friday 25 Chapter 19 – The Multinational Finance Function Chapter 20 – Human Resources International Discussion – Video http://media.pearsoncmg.com/ph/streaming/bp /2013/MGMT/ib/JOBY-VID3-WEB640.html Session 13 December Friday 02 Final Exam 3 hours written in class Multiple Choice and Essay-type questions Includes material from ALL Chapters! Read: Chapter 17 and Chapter 18 Review PPT slides Chapters 17 and 18 Read: Chapter 19 and Chapter 20 Review PPT slides Chapters 19 and 20 Note: Please note that for each chapter you are expected to read BOTH the textbook material AND the PPT slides! 11
