MKT 456-International Marketing Fall 2004 Dr. Kyung-il Ghymn (keg@unr.edu) Managerial Sciences Dept. Office: BB 311C College of Bus. Admin. Office hour: 1:20-2:20pm:MW University of Nevada I.Course Objectives This is an introductory international business course but an advanced marketing course. The course is designed to introduce the student to a systematic and in depth analytic treatment of marketing operations on a global scale. Although the course covers some basic international environmental factors that affect the business decision-making process, the emphasis will be placed on the strategic nature of the international marketing functions. (Pre-requisite: MKT 210) Specific objectives for the course include: a) To provide an understanding of what International Business is, how it is developed, where it stands now and where is it heading for the future. b) To apply key international environmental factors to marketing decision makings. c) To examine the major international trade concepts and theories and their assumptions & critics. d) To discuss and understand decision strategies in international marketing, alternative approaches in different cultures. e) To learn and practice some international marketing tools and techniques for better management (developing skills in pricing, promotion, channels and product development). f) To examine and become familiar with different information needs and the data source availability. g) To discuss some analytical tools to solve case problems in international marketing. h) To consider control, evaluation and ethics in international marketing. II.How These Objectives Will be Met Several means of achieving these objectives will be employed. This will include:(a) reading the textbook materials thoroughly; (b) preparing for and participating in class discussions;(c) preparing and submitting case reports and term projects; and (d) lectures. Executives of firms/organizations will be invited as guest lecturers. 1 III.Conduct of Class a) This course will be conducted on a combination of cases and lectures. Thus, the class will emphasize the student participation in both case reports and class discussions. Individual participation will constitute an important part of the total course grade. No participation in discussion will lead the instructor to conclude that the student is not prepared and could have a negative impact of 10%. b) Everyone is required to submit a brief report (2 pages, typed, doublespaced) on all assigned cases in addition to his/her oral presentation. The presenter's professional manner(including proper dress), originality, and quality of presentation will be graded. No late report will be accepted. The written case report must include: 1. 2. 3. 4. C) The case's major problems/issues/alternatives Your reasons FOR or AGAINST the case Your conclusion for the case Detailed and proper citations of your references (either footnote systems or a separate reference page (s) at the end of the case analysis) Also, this course requires a major group (4 members formed on your own) term project. TERM PROJECT This project is to study the U.S. foreign trade practices with its major trading partners and to investigate and identify their import barriers against the United States’ exports to these countries. Follow the study guidelines below: 1. Select one of the following countries for your study. Select one country. USA againt: 1. Japan 16. Chile 2. China 17. Brazil 3. Korea 18. Argentina 4. Canada 5. Mexico 6. Taiwan 7. Singapore 8. England 9. Germany 10. France 11. Italy 12. Spain 13. Nigeria 14. Kenya 15. South Africa 2 2. 3. 4. 5. 6. Organize your project team and submit your term project memorandum to your instructor on September 15 which includes the country selected and the names of the project team members. Also briefly state reasons for the country selection. Submit your subject country’s culture paper (10-15 pages with references). This paper includes your selected country’s traditional, unique and interesting cultural characteristics that you want to share with your fellow Americans. These findings are reported in your class on October 6 and your written report is also submitted on this day. Submit your subject country’s economic conditions (strength, weakness, trade situations and specific trade statistics (against US) for the past 10 years. Please consult with your instructor for more information on this part. This written report is due on November 10. Your class presentation on your term paper begins from November 24th and your final written report due on December 1st. This is your major finding of the term project. This portion includes: Detailed import barriers against American products and the US import barriers against your study country. Include your own analyses as to why the barriers exist and the future aspects of the trade relationship. For all reports above, footnotes and/or detailed references are required. Points will be deducted when no or improper citations were made. In summary, the main objective of this study is to examine the trade barriers between the two countries: Cultural, political (administrative), religious, economic as well as tariff barriers are to be detected and analyzed. The report should include: 1) The study objectives, 2) the study methodology, 3) country’s cultures, 4)economic and market structures, 5) 10 years’ trade statistics, 6) trade barriers (cultural, political, economic, religious and tariffs), and conclusion including the future perspectives regarding the trade barriers. Basis of Grading Participation in class discussion: 10% Case(oral and written) reports: 20% Project(oral and written) reports: 20% Mid-term Exam 20% Examination 30% No make-up exam or late report will be accepted. For an emergency case, discuss it with the instructor. Grade "A": 90% or better performance Grade "B": 80-89% " " Grade "C": 70-79% " " Grade "D": 58-69% " " ( (+)/(-) grade policy is in effect for this course) 3 Attendance Policy 3 or more unexcused absences may bring one grade level down. Textbook Cateora, Philip R. and John Graham, International Marketing, 12th ed. Irwin, 2005, and the Wall Street Journal 4 Fall 2004 Syllabus for MKT 456 Dr. Kyung-il Ghymn ----------------------------------------------------------------------------------------------------------------------Date Topics Assignments ---------------------------------------------------------------------------------------------------------------------8/23 Introduction, course description, term paper and topic discussion 8/25 The importance of international marketing for the U.S. economy (homework handout distribution) Domestic vs. International Marketing: Past, present, and future 8/30 Library tour for international business information 9/1 Financial Aspects of International Marketing (handout exercise) 9/8 International Trade Concepts and Theory: Historical Development of World Trade & U.S.Trade 9/13 IMF, World Bank, Asian Financial Crisis and Lessons Learned. 9/15 World Marketing Environment: Cultural, Political, Social(population) and Legal environments 9/20 Project Day 9/22 Term Project Proposal due: A memorandum(to the instructor) regarding the team's project, the names of the project members and the country selected Chapt. 1&2 Chapt. 3&4 Chapts. 5,6,7 Class Debate:"Globalization (Free trade) vs. Protection” (For all debate cases, everyone must take a side and participate) Chapt. 10 and Library data sources Presenter:(globalization)_____________________ Counter Presenter(protection):_________________________ 9/27 International Marketing Research chapt. 8 5 9/29 Consumer Behavior 10/4 Culture paper presentation by each project team and the written report due 10/6 Class Debate: MNCs: Development Agent or Exploitative Agent Presenter:(development) Counter Presenter: Chapt.9,10 & library sources. _____________ _______________ 10/11 Global Marketing: McDonald’s(video) British Beef(video) Yoplait (video) Trade dispute (video) US Companies Doing Business Overseas (video) 10/13 Class Debate (Case 1-3): "Nestle-The Infant Formula Incident” Presenter:(Nestle at fault)_________________________________ Counter Presenter(Consumers at fault)______________________ 10/18 International Product Development Decisions chapts. 12,13 10/20 Project day 10/25 Mid-Term Exam (Coverage: Chapters 1-10) 10/27 International channels/logistics 11/1 chapts. 14,15 Class Debate(Case 2-3):"To Bribe or not to Bribe?" Presenter (to bribe):___________________________ Counter Presenter (not to bribe):_________________________ 11/3-8 Special lecture on:"Mktg systems and structures in Japan, Korea, China, Taiwan, Hong Kong, Thailand, Malaysia, Singapore, Indonesia, S. America and Europe." 6 11/10 International Promotion Strategies Economic/trade Statistics due Chapt.16,17 11/15 The Internet and Its Impact on Global Marketing 11/22 International Pricing Chapt. 18, 19 11/24 Project day 11/29-12/1 and 6 Student Project presentations (25 min. for each team; power-point presentation; submit a disk copy). 12/13 Final Exam (2:15-4:15p) 7