UNIVERSIDAD DE ESPECIALIDADES ESPÍRITU SANTO FACULTAD DE ESTUDIOS INTERNACIONALES SYLLABUS ENGLISH VERSION FOR DAC 11 VER 12 03 09 COURSE: Special Topics in International Business CODE UGER 495 FACULTY: John Murray CRÉDITS: 3 UEES CONTACT HOURS: 48 NON-CONTACT 96 YEAR: 2009 PERIOD: Fall 2 DAYS Mon, Tue, Wed and Thu SCHEDULE: 08h55 – 10h15 ROOM: F-209 SYLLABUS DATE: 5-Oct-2009 1. COURSE DESCRIPTION 2. JUSTIFICATION The course provides students with an opportunity to explore the aspects of the international business that are of special interest to them and to concentrate of a specific region and/or industry. 3. OBJECTIVES a. General: The student will understand the opportunities and threats existing in the international business environment. The student will know how to make basic decisions regarding internationalization processes in different areas. b. Specific Week One Objectives • Describe globalization • Explain how globalization affects markets and production • Identify the drivers of globalization • Discuss the globalization debate • List types of firms in international business • Define the global business environment Week Two Objectives • Define culture and list its components • Discuss attitudes toward time, work and cultural change • Describe the roles of religion and communication in a society • Discuss how physical environment affects culture • Describe two frameworks for classifying cultures • Assess the global business environment – political, economic, legal, technological • Explain the role of regional trading blocs • Evaluate political and economic risk Week Three Objectives Discuss the important of corporate strategy for the overall performance of a company Define the determines for selecting, creating and pursuing a particular strategy Discuss the strategic position of the firm Explain the reasons company pursue different international strategies Week Four Objectives Understand the objectives and usefulness of global marketing segmentation Describe the approached to global marketing segmentation using different segmentation criteria to define target groups Discuss the variables which may be used to select target groups for global marketing strategies Identify different ways of positioning products in global markets Week Five Objectives Discuss the criteria suitable for the selection of foreign target market Understand which marketing entry alternatives are available to companies and how companies select the most appropriate ones Describe different forms of exporting 4. COMPETENCIES a. GENERAL 1. To understand the current level at which Ecuador is engaged in international business 2. To analyze and explain today’s international business, based on theory and current events 3. To prepare for conducting international business b. SPECIFIC The student: 1. Leads groups, solve practical problems, act according to a plan and challenge and critiques other groups proposals 2. Discusses and solves problems from case studies 3. Researches new developments in global markets and organizations 5. COURSE CONTENT OUTLINE Class Meeting # Specific Competencies Introduction and Course Overview The Nature of International Business 28 Oct 29 Oct 2 Nov 3 Nov 4 Nov 5 Nov 9 Nov 10 Nov 11 Nov 12 Nov 16 Nov Content Identifies various forms of global business models Introduction of Economic Theories of basic economic International Business theories for international business Reviews financial factors affecting international business activity Detailed Reviews Carbon Credit markets Non-contact hours (96 HRS.) EVALUATION Ball et al. (2004). Ch 1, 2 pp. 2-103 (101) Identifies from examples the proper form of business for various models Ball et al. (2004). Ch 3 pp. 104-142 (38) Analyzes in short answer essay the benefits and weaknesses of the classic economic theories The Dynamic of Ball et al. (2004). Matches the proper International Organization Ch 4, 5 pp. 143-204 financial factors to and International (61) the marketplace Monetary System The Foreign Environmental Forces: Financial, Economic and Socioeconomic Forces The Foreign Environmental Forces: Physical, Environmetal and Sociocultural Forces Analyizes the The Foreign impact of the Environmental Forces: legal system of Political, Legal, Labor and Ball et al. (2004). Class to review and Ch 6, 7 pp. 204-259 then comment on the (55) various terms commonly used in the environmental Ball et al. (2004). Ch 8, 9 pp. 260-331 marketplace (71) Ball et al. (2004). Ch 10, 11 pp. 332387 (55) Identifies from examples the proper legal terms of 17 Nov 18 Nov 19 Nov 23 Nov 24 Nov various key countries in international business Selection and Assignment of various class projects Competitive Forces Exam Review Midterm Exam Grade Review Project Group Work in Class Ball et al. (2004). Ch 12, 13 pp. 388460 (72) business for various models Ch 1 - 13 Ch 1 - 12 Projects will be evaluated on the completeness and logic used in their project Analyzes the features and behaviors of the different classes of business forms available in the international markets today Evaluatse the potential to develop new markets for domestic products Demonstrates the understanding the use of various forms of trade finance terms 25 Nov 26 Nov Applies forms of international competitve business models International Strategy, Organizational Design, and Control Project Group Work in Class Ball et al. (2004). Ch 14 pp. 461-501 (40) 30 Nov Perform market analysis Assessing and Analyzing Markets; Marketing Internationally Ball et al. (2004). Ch 15, 16 pp. 502555 (53) 1 Dec Introduction and summary of Exportimport methods Financial implications of ISO Human Resource policies Details analysis of various factors affecting global business Export and Import Ball et al. (2004). Ch 17 pp. 556-591 (35) Human Resources and Financial Management Ball et al. (2004). Ch 18, 19 pp. 592647 (55) Oral presentation of comprehension of terms commonly used in the HR field Global Operations Management: The Third Industrial Revolution Ball et al. (2004). Ch 20 pp. 647-686 (39) Evaluates the benefits associated with the common business terms in global operations today Case Study Individual case materials Case Study 14 Dec Case presentation Group materials related to the case Class discussion 15 Dec 16 Dec Exam Review Final Exam All course materials are covered Assessment Written Examination 17 Dec Grade Review 2 Dec 3 Dec 7 Dec 8 Dec 9 Dec 10 Dec Applies principles developed to date in class 6. METHODOLOGY Classes will be conducted by giving lectures and using the Socratic method of questions and answers. Before the daily lecture, in every class a small review session will be conducted by the instructor. The student participation will be graded by the instructor. Read the assigned material before coming to class. Workshops and homeworks must be turned in on time, (NO excuses for late assignments). Assignments MUST be done using MS EXCEL and WORD or as otherwise specified by the instructor. NO handwritten work will be accepted. Students are expected to review class problems and end of the chapter exercises. Class Participation is an important portion of your final grade. Please be considerate of your classmates by avoiding disruptions such as side conversations and other noise or distractions. I reserve the right to dismiss any student from class for the balance of the day for causing disruptions that interfere with classroom discussion. Ongoing problems will be referred to the appropriate disciplinary body. Your specific class participation grade and your continued attendance in this class will depend on your adherence with the following classroom policies: 1. Students will not be allowed after five minutes of the beginning of the class. 2. On time homework will be graded over a 100% of the grade, one day late homework over 50%, after two days homework will receive no grade. In case of absence, homework will be due the day the student returns to class. 3. All students are expected to complete readings and homework before each class so that they are prepared to present and support their ideas about each day’s assignments. Readings, class discussions, presentations, projects, lectures, and written examinations (midterm and final) will be the methods used in assigning the grade earned by each student. All material covered in readings and homework assignments (including portions not discussed in class sessions) and all material covered in class discussions, case analyses, and presentations (including material not covered in readings) can be included in the written examinations. It will not be possible to pass this course unless you read all the assigned materials. Students who keep current with reading and homework will need less time to review for the written examinations. 4. It is your responsibility to know what is in this syllabus, to know what is communicated to the class by email, to know what is in assigned readings whether or not they are discussed in class, and to know what was discussed in all class sessions whether you attended them or not. If you are absent or inattentive, it is your responsibility to ask a classmate what you missed before attending the next class meeting. If you do not understand something, it is your responsibility to ask for clarification. 5. This course follows the UEES attendance policy; therefore, it is possible to pass the course with a maximum of six absences but the seventh absence results in failure of the course regardless of your earned grade to date. Partial absences, including late arrivals, early departures, and leaving during class will count toward the six permitted absences. 6. Please do not talk in class when it is not your turn to speak. I will automatically consider this inattentiveness and a disruption to the class. If you must communicate with another person during class related to the topic of class discussion or due to a rare emergency, please write the person a note to avoid making noise. 7. Students are expected to respect the thoughts, ideas, opinions, and contributions of others and to be actively involved in all classes. Students should express disagreement respectfully. 8. Cell phones must be silent during all class sessions. Cell phone use during class will result in immediate expulsion from the classroom for the balance of the day. During examinations, cell phones always must be silent and out of view of all students. 9. If an examination or presentation must be missed, the student must make arrangements promptly for substitute work. The professor reserves the right not to offer a substitute. A substitute must be arranged by mutual agreement between the professor and the student and must be completed no later than the end of the last class period. Because substitute work detracts from normal class activities and/or creates unnecessary extra work for the professor, substitute work will be more demanding and/or will offer reduced points compared to work completed according to the class schedule. A substitute examination will never be the same as the scheduled examination. 10. Academic dishonesty is unethical, unfair to others, and robs you of valuable learning opportunities. Discovery of academic dishonesty will result in a zero for the graded activity and can result in your failing the course and being reported to the UEES administration. Examples of academic dishonesty include but are not limited to using or attempting to use another person’s work for assignments, projects, or examinations; permitting another person to use your work as their own; failing to credit quotes or ideas taken from others (Internet, publications, speeches, etc.); seeking help through a cell phone during a class or examination; using all or part of your own homework, paper, etc., for another class in this class without permission and acknowledgement; etc. If you are not sure whether something is academic dishonesty, it is your responsibility to ask the professor. 11. Food or beverage in the classroom must not bother anyone in the class in any way (noise, smell, etc.) or create any mess that you do not clean up yourself. 12. This course is to benefit the students, not the professor. If you are not getting what you need and want from this course, please let the professor know improvements you would like. NOTE: This syllabus is subject to revision and does not represent a contact between the student and the instructor, or between the student and the University. The instructor and/or the University reserve the right to make any reasonable changes. By attending this class you have agreed to the conditions and regulations stated in this syllabus. By registering and attending this class, each student confirms that they have read and agree to abide by the terms, conditions, procedures and penalties of this syllabus and the UEES Student Honor Code posted on the UEES website in all respects, but especially in regards to the penalties related to plagarism and cheating. 7. EVALUATION 7.1 Assessment Criteria: Class Participation is critical to your grade Homework 7.2 Performance Markers Leads groups, solves practical problems, act according to a plan and challenge and critiques other groups proposals Discusses and solves problems from case studies Researches new developments in global markets and organizations 7.3 Weighting * Oral Evaluations, Class Participation 50%; * Midterm & Final Exams 50%. Grading: 0 – 100% possible; 0 – 69.4% = Failure In compliance with UEES policy, half of the grade in this course comes from the two examinations and the other half comes from the other activities in the following manner: 8. BIBLIOGRAPHY 8.1. REQUIRED COURSEBOOK TEXT: International Business: The Challenge of Global Competition AUTHORS: Ball, D., McCulloch, W., Frantz, P., Geringer, J. M., and Minor, M. EDITORIAL: McGraw Hill, Irwin EDITION: 9th Edition, 2004 8.2. WEBLIOGRAPHY EBSCO DATABASE Supplemental learning resources: http://www.prenhall.com/francescogold http://www.prenhall.com/deresky www.international-business-center.com International business culture resources- links by University of Washington Library http://www.lib.washington.edu/business/guides/bc.html CIA Facts Book https://www.cia.gov/library/publications/the-world-factbook/ 9. 9. FACULTY INFORMATION NAME: John Murray ACADEMIC CREDENTIALS--UNDERGRAD: BS Industrial Mgmt, Purdue Univ. GRADUATE: MS Business Admin, Univ of Chicago E – MAIL: jmurray6834@yahoo.com Telf: 09.594.3169 10. Prepared by: John Murray Reviewed by: Dean Monica Reynoso Date: 5-Oct-2009 Date: October, 2009