INTERNATIONAL BUSINESS MANAGEMENT BMGT 392 - Fall 2013 Professor Peter Morici 3413 Van Munching Hall Office Hours: TBA Email: pmorici@rhsmith.umd.edu Course Objectives This course examines how firms align their strategies to succeed in international business. It examines key economic, political, cultural, and regulatory factors. These include the basic elements of the international economy—trade, investment and capital markets--and their implications for management in key functional areas--e.g. organization, strategy, manufacturing, and marketing. Course Materials TEXT: Hill, Charles W.L. International Business: Competing in the Global Marketplace, 8th Edition. Boston: McGraw-Hill. REQUIRED McGraw-Hill no longer publishes a hard copy version of the 8th Edition; however, I have chosen to assign the 8th edition instead of the newer 9th edition, because it is just a worthy and is available to students at significantly lower cost. Do not purchase a 9th edition—the cases are different and not compatible with the assignments for this class You have three options: 1. You may purchase a black and white custom text from the univesrsity bookstore at a cost of about $125—this is less than a new hardcover 9th edition. Look for Hill, Charles W.L., International Business, 8e (Selected Chapters), ISBN: 9781121450752 2. You may purchase a hard cover copy of the 8th edition in the used book market from a vendor such as Amazon.com. For the out of print 8th edition, the ISBN Number is 9780078137198 This is the least expensive option 3. You may purchase the 8th Edition as an ebook from CREATE McGraw-Hill. Here are the directions provided by the publisher 1. Go to: https://create.mcgraw-hill.com/shop/ 2. In the search box on the main page type ISBN: 9780390183996 3. Click on the confirmation box that appears below the search field. 4. Click Add to Cart.(Cost is $100.02) Then Click Check Out. 5. If you have used CREATE ebooks, previously, sign-in, if not Click Register now. 6. Complete the form to establish your account & payment information. 7. Once your purchase is completed, you will be able to view your ebook online and download your ebook for off-line viewing. Directions are provided at the site. If you require assistance with your purchase, the ebook functionality, or with account set-up, click the help button to submit an online help request form or call 800-331-5094, choose student, then choose CREATE from the menu prompts. COURSE PACKET: Most lectures will be presented in PowerPoint format. Copies of these overheads, in a convenient form for note taking, have been posted on blackboard: http://bb.rhsmith.umd.edu/. You may wish to print these out and bring to class for note taking. NON-TEXT CASES: Most cases are in the text; however, some are handouts and are available on blackboard Please bring a copy of each case to class. Classes consist of lecture and discussion of assigned cases. Much learning occurs through independent analysis of cases, and emphasis is placed on thoughtful prior preparation. Students are expected to read cases prior to class, prepare answers to study questions, and participate in discussions on the dates indicated in the syllabus. Any variation from these dates will be announced in class. Grading First Exam: Second Exam: Third Exam: Class participation 35 points 35 50 20 If you must miss an exam, please notify the instructor in advance. Only documented, University approved excuses will be accepted. An unexcused absence from an exam will result in a grade of 0. Examinations will be multiple choice. CLASS PARTICIPATION In class, students will be divided into teams of five or six students to analyze cases. These exercises seek to provide a more in-depth understanding of specific business issues, and to improve your interpersonal, leadership, and presentation skills. This process seeks to connect the classroom to "on-the-job" performance. Your participation in these exercises is vital to your individual success and the success of the class. Thus, absences will work to your detriment in class in the same way those do in the workplace. You will miss important information and let down your work team. You will be assigned to a team. Assignments will be turned in with the names of group members. Adding the name of an absent student to an assignment will constitute cheating. Since these assignments involve group discussion, it will be impossible to replicate the learning experience if you miss a class. Students are expected to attend all classes. Only documented, University approved excuses will be accepted. Make-up work will be required. SUGGESTIONS FOR SUCCESS ATTEND CLASS: Above all else, this is a key to your successful performance in this course. Read all assigned materials. The text provides important background information that will help you to better understand the lecture material. Read assigned cases prior to the class session for which they are assigned, and perform an initial, individual analysis. Study in a group with students from the class. OTHER ISSUES Academic Integrity The University's Code of Academic Integrity is designed to ensure that the principles of academic honesty and integrity are upheld. All students are expected to adhere to this Code. The Smith School does not tolerate academic dishonesty. All acts of academic dishonesty will be dealt with in accordance with the provisions of this code. Please visit the following website for more information on the University's Code of Academic: Integrity: http://www.studenthonorcouncil.umd.edu/code.html On each assignment you will be asked to write out and sign the following pledge. "I pledge on my honor that I have not given or received any unauthorized assistance on this exam/assignment" The University provides appropriate accommodations for students with disabilities. If you have such a need, please inform the instructor no later than the second week of class and contact Disability Support Services—314-7682. If you need to miss an examination or class owing to a religious holiday or religious observance, please let the instructor know before the end of the drop/add period. Learning Outcomes Exam At the conclusion of the program, undergraduate business majors take a learning outcomes exam to measure overall student retention. This course will review some of the key international concepts that will be included in the exam. SCHEDULE AND ASSIGNMENTS 9/3, 5 Introduction Chapters 1, 2 General Electric (p. 36) 9/10, 12 Cultural Issues Chapter 3 Wal-Mart (118) 9/17, 19 Int’l Trade Chapter 5 Italian Ceramic Tile (Handout on BB) 9/24, 26 Int'l Trading System Chapters 6, 8 Hormone Treated Beef (Handout on BB) 10/1 Exam Chapters 1-3, 5, 6, 8 10/3, 8 International Investment Chapters 7 Starbucks FDI (307) Google in China (154) 10/10, 15 Ethics Chapter 4 Kellogg, Brown and Root (155) 10/17, 22 Int'l Monetary System Chapters 9, 10 Caterpillar (handout on blackboard) 10/24, 29 Financial Management Chapters 11, 20 China Mobile (678) 10/31 Exam Chapters 4, 7, 9-11, 20 11/5, 7 Strategy and Organization Chapters 12, 13 Proctor & Gamble (423) 11/12, 14 Modes of Entry & Chapters 14, 15 Strategic Alliances Diebold (handout on Blackboard) 11/19, 21 Global Production and Logistics Chapter 16 Li & Fung (676) 11/23, 12/3 Marketing and R&D Chapter 17 Dove – Building a Global Brand (597) 12/5, 10 Human Resources Chapter 18 Lenovo (626 12/12 Final Case Microsoft XBox (handout on Blackboard) Final Exam: Chapters 12-18 3:30 Class: Saturday, December 21, 10:30am – 12:30pm 5:00 Class: Friday, December 20, 4:00 – 6:00pm http://registrar.umd.edu/current/registration/exam.html http://www.rr.umd.edu/current/registration/exam.html