Faculty of Economics and Administrative Sciences COURSE GUIDE BUS 405: INTERNATIONAL BUSINESS Semester 1, Academic year 2013‐2014 COURSE CO‐ORDINATOR: ANA MARTINS Department of Business Administration Contents WELCOME .............................................................................................................................3 COURSE COORDINATOR AND TUTOR: ........................................................................4 AIMS OF THE COURSE.......................................................................................................5 LEARNING OUTCOMES FOR THE COURSE ..................................................................6 TEACHING AND LEARNING METHODS ........................................................................7 ESSENTIAL READING ........................................................................................................8 OTHER USEFUL READING ­ LATEST EDITIONS........................................................8 ADDITIONAL RESOURCES ...............................................................................................9 SEMINAR PROGRAMME ................................................................................................ 10 COURSE ASSESSMENT.................................................................................................... 12 ASSESSMENT 2 CRITERIA ............................................................................................. 13 ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 2 WELCOME Welcome to the course: INTERNATIONAL BUSINESS; we hope you will find the course enjoyable and stimulating. The aim of this handbook is to provide you with detailed information about the course. There are several integrated elements that, together, make up the course. These are the lectures and tutorials, assessment and assigned readings. Each of these elements is integral to your mastery of this topic and if you expect to do well in this course, you should apply yourself to these equally. The course is based on student‐centered paradigm, a new approach to learning where the learner takes accountability for his/her learning process, through active involvement and questioning and pursuing knowledge. ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 3 COURSE COORDINATOR AND TUTOR: Ana Martins Email: ana.martins@zirve.edu.tr Office number: 410 Office hours: TBC ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 4 AIMS OF THE COURSE The aims of the course are to: • Study selected aspects of business relating to the management of the firm in an international environment. • Provide students with a foundation in the theory and practice of international business. • Demonstrate an understanding of the core concepts of international business and how these apply to the dynamics and constraints of international business strategy. • Provide students with the analytical tools to enable study of the global business environment and international business. ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 5 LEARNING OUTCOMES FOR THE COURSE By the end of this course, students are expected to: 1. Understand foundational definitions, concepts and theories in IB and communicate these ideas in verbal and written forms; international business and its importance to firms; the principles underlying the internationalisation strategies of firms; the nature and theories of the multinational enterprise and of international trade; main characteristics of the generic methods used by firms to enter foreign markets; the implications of internationalization for the various functional areas of the firm; key features of the environment for international business, especially with regards to dominant source and destination countries and regions; critically evaluate the sources, issues and dynamic processes in the global economy and assess their impact on a range of stakeholders and enhance research, report writing and presentation skills. ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 6 TEACHING AND LEARNING METHODS Teaching will include formal lectures, tutorials and group discussion. • 1 x 3hr lecture per week= 36hours • 1 x 10hr Private study per week = 120 hours Total hours = 156 hours Please note: Seminars will be conducted in the following way: i. a lecture will be provided with the theories of the syllabus. It is recommended not to rely exclusively on the PowerPoint slides as a full and accurate summary of lecture material. You are expected to expand your reading to cover a much wider range of textbooks and relevant academic journal articles to enhance your understanding of the subjects beyond the lecture. ii. The seminar activities, here you are required to read the relevant chapters in the core textbook and prepare written responses to the specified questions in advance of attending the tutorial each week. In addition, you are expected to actively participate through small group an d class discussion. As no model answers will be provided, you are expected to take extensive notes during tutorial classes. Furthermore, tutors reserve the right to exclude any student from a tutorial who has not carried out the required preparation before classes. Similarly, with respect to private study, you are not only required to accomplish reading and preparation of prescribed tutorials materials before and after class, but also expected to undertake directed self‐study activities focusing upon individual research and assessment preparation. ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 7 ESSENTIAL READING Daniels, J.D., Radebaugh, L.H. and Sullivan, D.P. (2011) International business: environments and operations, (14th ed), Pearson (Global Edition). OTHER USEFUL READING ‐ LATEST EDITIONS. Ball, D. A., Geringer, J. M., Minor, M. S. and McNett, J. M. (2010) International business: the challenge of global competition (12th ed.) McGraw‐Hill International Edition.Cavusgil, ST. Knight, G. and Riesenberger, J. R. (2008) International business: strategy, management and the new realities, Pearson International Edition. Dunning, J. H. and Lundan, S. M. (2008) Multinational enterprises and the global economy (2nd ed) Edward Elgar. Griffin, R. W. and Pustay, M. W. (2010) International business, (6th ed), Pearson. Hill, C. W. L. (2011) International business: competing in the global marketplace, (8th ed), McGraw‐Hill International Edition. Morrison, J. (2009) International business: challenges in a changing world, Palgrave Macmillan. Rugman, A. M. and Collinson, S. (2009) International business, (5th ed), Prentice Hall: Financial Times. Shenkar, O. and Luo, Y. (2004) International business, Wiley. Sitken, A. and Bowen, N. (2010) International business: challenges and choices, Oxford University Press. Other readings as directed. ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 8 ADDITIONAL RESOURCES Students are expected to read beyond the above essential texts to advance their knowledge and understanding of IB by utilising books available in the library and more importantly, academic journal articles available on‐line. In addition, the following journals can be resourced: Journal of Management Studies Asia‐Pacific Business Review European Business Review The Harvard Business Review ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 9 SEMINAR PROGRAMME Please note: • The lecture programme may be subject to changes, whereby the amendments will be posted on Zirve University WIKI; • Chapters shown on the essential reading list are referenced to the core text Week No. SEMINARS 1 Introduction to the course: expectations. What is international business? Background for International Business Chapter 1: Globalization and International Business 2 Comparative Environmental Frameworks Chapter 2: The Cultural Environments Facing Business Chapter 3: The Political and Legal Environments Facing Business 3 Comparative Environmental Frameworks Chapter 4: The Economic Environments Facing Businesses Chapter 5: Globalization and Society 4 Theories and Institutions: Trade and Investment Chapter 6: International Trade and Factor‐Mobility Theory Chapter 7: Governmental Influence on Trade 5 Theories and Institutions: Trade and Investment Chapter 8: Cross‐National Cooperation and Agreements 6 MID TERM 7 World Financial Environment Chapter 9: Global Foreign‐Exchange Markets Chapter 10: The Determination of Exchange Rates 8 Global Strategy, Structure, and Implementation Chapter 11: The Strategy of International Business Chapter 12: Country Evaluation and Selection 9 Global Strategy, Structure, and Implementation Chapter 13: Export and Import Strategies Chapter 14: Direct Investment and Collaborative Strategies Chapter 15: The Organization of International Business ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 10 Chapter 15: The Organization of International Business 10 Managing International Operations Chapter 16: Marketing Globally 11 Managing International Operations Chapter 20: Human Resource Management 12 REFLECTION : Q & A SESSION ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 11 COURSE ASSESSMENT Assessment 1 Method MCQ mid term 2 Examination Learning outcome (LO) assessed Duration Timing % of final mark Resit Notes Part of the LO 1 Semester 50 No To be assessed on week 6 Part of the LO 1 Semester 50 Yes Examination week Student performance in BUS 405 will be assessed via both course‐work (50%) and closed‐ book examination (50%). In this course, assessment includes two distinct elements, a test of Multiple Choice Questions (worth 50% of the total course) and an examination (50%). The examination will take place during the University’s normal Part1 examination period. In the event that any or all of the components 1 or 2 of the assessments are either failed or omitted, the student will have to do an Individual Exam (100% weighting). ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 12 ASSESSMENT 2 CRITERIA ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 13 ZIRVE UNIVERSITY, BUS_ 405_ INT BUSINESS_MODULE GUIDE_2013­14.docx 14