Spring 2015 Online 3/23 – 5/31/2015 Students must participate three times per week Diana Heeb Bivona By appointment only dheebbivona@ben.edu 217.622.6951 PRE-ASSIGNMENT: Students are required to: (1) print and read the syllabus in detail, and (2) prepare and post a 100-word introduction about your work life, education, and outside interests or activities. Also, if you have had an opportunity to travel or live outside of the U.S., share your experiences. Posting must be completed by Sunday, March 22, 11:59 pm. INTB 300 – OL: International Business I. COURSE DESCRIPTION This course is designed to introduce students to the importance and role of international business. Predominant themes will be culture and business opportunities. Topics include international trade, balance of payments, multinational corporations and the functional areas of international business. II. TEXTBOOK AND MATERIALS Hill, C.W.L. (2011). International Business: Competing in the Global Marketplace. (9th ed.). New York, NY: McGraw-Hill/Irwin. ISBN # 978-0-07-802924-0 Selected articles from various business publications as assigned on D2L. PowerPoint slides for each chapter available on D2L. III. MISSION STATEMENT Benedictine University is dedicated to the education of undergraduate and graduate students from diverse ethnic, racial and religious backgrounds. As an academic community committed to liberal arts and professional education distinguished and guided by our Roman Catholic tradition and Benedictine heritage, we prepare our students for a lifetime as active, informed and responsible citizens and leaders in the world community. IV. GOALS, OBJECTIVES, AND STUDENT LEARNING OUTCOMES A. Goals—(Program- or Major-specific Goals) 1. Evaluate the role of economics and business in the social environment of our culture; 2. Articulate how the functional areas of business interrelate within organizations; 3. Improve skills in communication, analytical thinking and appreciating the human element in organizations; and 4. Develop specific skills applicable to the various aspects of the functional areas of business B. Course Objectives—Students will: Be introduced to the important role of international business in today’s world economy. Page 1 of 8 V. Be able to discuss the importance of culture in different countries and the impact on international trade, focusing on the dynamics between countries and companies attempting to conduct business activities. Learn about some of the countries and businesses most prominent in today’s international marketplace. Discuss key terms, concepts, and theories of international business success. Look at the functional areas within multi-national organizations, with a focus on financial issues. TEACHING METHODS/DELIVERY SYSTEM This class will be comprised of online teaching and learning methods. Each week various topics will be discussed (see course outline for details). Online class discussions will be informal. The instructor will moderate and steer the discussions to make sure that the important points are covered when necessary. Other teaching methods include cultural brief, a country risk analysis (country to be assigned by instructor), case write-ups, a midterm, and final exam. VI. COURSE REQUIREMENTS Attendance Policy This course is highly accelerated, and students will need to take a great deal of responsibility for their own learning outcomes. Students are required to log-in regularly to check for updates, post, and read peer discussion threads. Any absence must be due to extraordinary circumstances and will require documentation for it to be considered excused. Documentation must be provided immediately in order to determine what, if any, accommodations are reasonable or possible. This course is highly accelerated, and students will need to take a great deal of responsibility for their own learning outcomes. Attendance is required in each class meeting for the full period of time. Any absence must be due to extraordinary circumstances and will require documentation for it to be considered excused. Documentation must be provided immediately in order to determine what, if any, accommodations are reasonable or possible. Class attendance will directly impact your final grade, and each undocumented absence will be considered unexcused and will result in a 20% reduction in the final grade for the course. Due to the accelerated nature of the course, should you experience a medical condition which prevents you from attending any class(es), appropriate medical documentation must be provided immediately so it may be determined what, if any, accommodations are reasonable or possible. Participation Participation in this course represents a significant part of your grade. The instructor calculates discussion participation on both the QUALITY AND QUANTITY of the posts that are topic driven and meaningful to the development of the course discussion. Posting requirements are explained in greater detail under the Topical Course Outline (Section VIII). Reading Assignments Reading assignments may be found under the Topical Course Outline (Section VIII). All students are expected to be actively reading the material assigned for the week so as to complete the required coursework and exams, as well as, to participate knowledgably in the discussions. Written Assignments Written assignments are indicated in the Topical Course Outline (Section VIII). Page 2 of 8 Extra Credit No extra credit assignments will be provided based on individual requests. This policy is in place to be fair to all students. Other The instructor reserves the right to make changes to the syllabus and any course requirements as needed. Any changes will be posted on D2L in the “News” section. Benedictine University at Springfield Student Academic Honesty Policy The search for truth and the dissemination of knowledge are the central missions of a university. Benedictine University at Springfield pursues these missions in an environment guided by our Roman Catholic tradition and our Benedictine heritage. Integrity and honesty are therefore expected of all University students. Actions such as cheating, plagiarism, collusion, fabrication, forgery, falsification, destruction, multiple submission, solicitation, and misrepresentation are violations of these expectations and constitute unacceptable behavior in the University community. Student’s Responsibility Though there is no formal honor code at Benedictine University at Springfield, students are expected to exhibit academic honesty at all times. Violations against academic honesty are always serious and may result in sanctions that could have profound long-term effects. The final responsibility for understanding the Academic Honesty Policy of the institution, as well as the specific policies for individual courses normally found in syllabi, rests with students. If any doubt exists about what constitutes academic dishonesty, students have the responsibility to talk to the faculty member. Students should expect the members of their class to be academically honest. If students believe one or more members of the class have been deceitful to gain academic advantage in the class, students should feel comfortable to approach the faculty member of the course without prejudice. Violations of the Academic Honesty Policy will be reported to the Office of the Dean of Academic Affairs. Along with a verbal warning, the following are consequences a student may face for academic dishonesty: a failing grade or “zero” for the assignment; dismissal from and a failing grade for the course; or dismissal from the Institution. VII. MEANS OF EVALUATION See the Course Outline, Section VIII, for details on each assignment below. A – 90% - 100% B – 80% - 89.9% C – 70% - 79.9% D – 60% - 69.9% F below 60% Discussion Participation (10 points per posting) Case Write Ups (35 points each) Midterm Exam Final Exam Cultural Brief Country Risk Analysis Total 280 70 100 100 150 300 1000 If a student believes that an error has been made in reporting a grade, an appeal must be made in writing to the instructor and must be initiated within 60 calendar days after the end of the term for which the grade in question was reported. The appeal should contain Page 3 of 8 specific information about why it is believed the grade reported is inaccurate. See the Student Handbook for additional details. Add/Drop Dates Please refer to the current Academic Calendar for add/drop dates. Incomplete Request To qualify for an “I” grade, a minimum of 75% of the course work must be completed with a “C” or better, and a student must submit a completed “Request for an Incomplete” form to the Registrar’s Office. The form must be completed by both student and instructor, but it is the student’s responsibility (not the instructor’s) to initiate this process and obtain the necessary signatures. Student Withdrawal Procedure It is the student’s responsibility to officially withdraw from a course by completing the appropriate form, with appropriate signatures, and returning the completed form to the Advising Office. Please refer to the Student Handbook for important financial information related to withdrawals. VIII. Week TOPICAL COURSE OUTLINE Topics & Chapters Covered Class Activities and Work Due Week 1 3/23 – 3/29 Read Chapter 1 (Globalization) Review Chapter PowerPoint Discussion Thread #1: Week 2 3/30 – 4/5 Read Chapters 2 - 3 Review Chapter PowerPoints Discussion Thread #2 Week 3 4/6 – 4/12 Topics Include: Political Economy Economic Development Read Chapters 4 – 5 Review Chapter PowerPoints DUE: Cultural Brief Week 4 4/13 – 4/19 Topics Include: Differences in Culture Ethics in International Business Read Chapters 6 - 7 Review Chapter PowerPoints Topics Include: International Trade Theory Political Economy of International Trade DUE: Walmart’s Foreign Expansion Week 5 4/20 – 4/26 Read Chapter 8 Review Chapter PowerPoint Topics Include: Foreign Direct Investment Week 6 Discussion Thread #3 Discussion Thread #4 Discussion Thread #5 Assessment: Midterm Exam on Chapters 1 – 8 available from Monday, 4/20 through Sunday, 4/26, 11:59 pm Read Chapters 9 - 10 Page 4 of 8 4/27 – 5/3 Review Chapter PowerPoints Discussion Thread #6 Topics Include: Regional Economic Integration Foreign Exchange Market Week 7 5/4 – 5/10 Read Chapters 11 – 12 Review Chapter PowerPoints Topics Include: International Monetary System Global Capital Market Discussion Thread #7 DUE: The Ecuadorean Rose Industry Week 8 5/11 – 5/17 Read Chapter 13 – 14 Review Chapter PowerPoints Week 9 5/18 – 5/24 Topics Include: Strategy of International Business Organization of International Business Read Chapters 15 – 16 Review Chapter PowerPoints Discussion Thread #9 Topics Include: Entry Strategy and Strategic Alliances Exporting, Importing and Countertrade DUE: Country Risk Analysis due to Professor by 5/24 at 11:59 pm Week 10 5/25 – 5/31 FINAL EXAM WEEK Discussion Thread #8 Assessment: Final Exam available beginning Monday, 5/25 until Sunday, 5/31 at 11:59 pm A. Discussion Participation (10 points per posting) Participation in the discussion forums is critical for maximizing student-learning experiences in any online course. Part of the assessment criteria for the course includes evaluating the QUALITY AND QUANTITY of your participation in the discussion forum. As the instructor, I will facilitate student discussions but I will not address every single post. In most cases, I might share a related idea, intervene when the discussion goes off-track, or tie student comments together to help deepen student learning. Consequently, I will not directly answer questions in the discussion area unless they are addressed to me. I will check the discussions daily during the week, and occasionally on the weekends. Participation is calculated based on both the QUALITY AND QUANTITY of the posts that are topic driven and meaningful to the development of the class discussion. To earn full participation points you must post at least THREE SUBSTANTIVE MESSAGES on THREE DIFFERENT DAYS of the course week. The course week is defined as starting Monday and ending Sunday at 11:59 pm. Your postings will be graded with the following guidelines in mind: Page 5 of 8 Submit one initial post early in the session (i.e., prior to Wednesday 11:59 pm), and two subsequent responses to the posts of other learners at timely intervals throughout the duration of the week, i.e., two different days (ending Sunday at 11:59 pm). The goal is to have a dynamic discussion around the topic that lasts throughout the entire session. Posts and responses should be thorough and thoughtful. Just posting an "I agree" or "Good ideas" will not be considered adequate. Support statements with examples, experiences, or references. Be brief — keep each post and response to one or two short paragraphs. Keep in mind that fellow learners will be reading and responding to you, too. Posts should be within a range of 100-150 words. If a post does not meet the minimum word count of 100, I will NOT count it toward your grade. Make certain that all posts and responses address the question, problem, or situation as presented for discussion. This does not mean you should not extend the topic, but do not stray from the topic. Discussions occur when there is dialogue; therefore, you need to build upon the posts and responses of other learners to create discussion threads. Make sure to revisit the discussion forum and respond (if necessary) to what other learners have posted to your initial responses. When relevant, add to the discussion by including prior knowledge, work experiences, references, web sites, resources, etc. (giving credit when appropriate). Contributions to the discussions (posts and responses) should be complete and free of grammatical or structural errors. Discussion postings cannot be made up. If you fail to post by the deadlines set, you will receive a zero for each missed posting. B. Midterm and Final Exam (100 points each) You will be expected to complete two non-cumulative exams based on the assigned textbook readings. The tests will be timed and the format may include true/false, multiple choice, short answer, or some combination of these types of questions. In the interest of time, the use of the book is encouraged, but the student should be prepared to look up only those questions they do not feel they know. Please note that students have flexibility in scheduling when to take the exams during that week, therefore late exams will not be accepted and will receive a grade of zero. D2L problems, computer failures, and ID/password issues ARE NOT valid excuses for missed exams. The Resource Center (217-718-5007) has staff available to assist students even on the weekends. Passwords may be reset on the Ben.edu website. So, do not wait until the last minute to try to login. Give yourself plenty of time to troubleshoot the problem prior to deadlines. C. Cases Write Ups (2 @ 35 points each) The instructor has assigned two cases from the textbook. Students are to read and answer the questions at the end of the case using an essay format. The length of the case write-up is limited to a maximum of five double-spaced pages (12-pt. Times font). Students are to submit case write-ups using the Dropbox function on D2L. Ten points will be deducted for each day that the case write up is late. Case Write Up #1 (Week 4) – Walmart’s Foreign Expansion (pages 167-168) Questions 1-5 Case Write Up #2 (Week 7) – The Ecuadorean Rose Industry (p. 317-318) Questions 1-4 Page 6 of 8 Points will be deducted if: you “borrow” the words of or directly quote the text. Put it in your own words! (-10 points) your paper is more than five pages (-5 points) you number the questions/answers in your paper (-5 points) your write-up has grammar, spelling, and/or sentence structure errors(-1 point per error) D. Cultural Brief (160 points) Format: 3-4 pages, double-spaced, 12-point font, 1 inch margins The Cultural Brief assignment is based on the following scenario: Your boss plans to take her first business trip to the country assigned to you. She will be there for two weeks to make contact with government officials and potential clients. You are asked to provide her with a concise briefing regarding the local culture and business habits she may encounter. You should highlight the most relevant information to help her deal with business people of another culture, including the dos and don'ts. It should focus on conducting business in that country and not general cultural tidbits. For example, business meeting and communication etiquette and NOT what type of food to order in a restaurant or where the best vacation spots are. This briefing must be compiled based on at least two reputable sources of reference (websites like Wikipedia and About.com do not fulfill this requirement). One excellent source to use is the Centre for Intercultural Learning’s website. Follow the “Cultural Insights” link located under Tools and Resources on the right hand side of the homepage. Be extra careful to avoid plagiarism. Internet downloads or other quotations must be indicated with quotation marks and the proper citations given, but should not account for more than 5% of your total paper. Your assignment will be graded for: • Relevant, useful, accurate and up-to-date information applicable to business • Good logic, reasoning and recommendations provided • Professional writing quality A twenty-five point deduction will be given for each day that the paper is late. E. Country Risk Analysis Paper (300 points) Students will prepare a 2000 – 2500 word (excluding title page and reference page) country risk analysis on a country assigned by the instructor. Country assignments will be given by the end of Week 1. A country-risk analysis is an assessment that defines the level of political and economic risk associated with doing business in another country. The basic information included in this type of analysis includes, but is not limited to: Socio cultural overview (demographics, urban/rural, etc.) Economic and political climate for foreign business Current state of economic development Current state of infrastructure (transportation, communication, etc.) Regulation of businesses (easy to start up a foreign business, limitations) Managerial and labor climate (labor force make up, unemployment) Protection afforded for private property (as it relates to a business) Economic growth, Inflation, interest rates Approximately 1/4 of the paper should consist of a well-formed introduction and conclusion. The introduction should end with a well-written thesis statement for maximum credit. The body of the Page 7 of 8 paper will include the type of information outlined above. The conclusion should be a reiteration of the introduction and body of the paper in a summarized form with additional impact since the student has now provided details to support the original thesis. No new facts or information should be provided in the conclusion. The conclusion must not begin with “In conclusion.” The paper must be written in APA format. The use of “I” is not acceptable. No abstract is required. Please do not use contractions or acronyms (before they are written out fully the first time). Also, do not ask the reader rhetorical questions; rewrite the thoughts as statements instead. The paper should incorporate a minimum of five reputable sources. Required reputable sources to include: 1 textbook (the Hill text meets this requirement) 2 popular business magazine or newspaper article (less than 3 years old) 2 government or globally-ran organizational websites (statistics bureaus, IMF, World Bank, etc.) Finally, your paper should include no more than five percent of directly quoted material. In short, this paper should reflect your own thoughts and analysis, not someone else’s. A fifty-point deduction will be given for each day that the paper is late. No papers will be accepted after Saturday, May 30 at 11:59 pm. IX. AMERICANS WITH DISABILITIES ACT (ADA) Benedictine University at Springfield provides individuals with disabilities reasonable accommodations to participate in educational programs, activities, and services. Students with disabilities requiring accommodations to participate in campus-sponsored programs, activities, and services, or to meet course requirements, should contact the Resource Center as early as possible: springaccess@ben.edu or (217) 717-9253 X. ASSESSMENT Goals, objectives, and learning outcomes that will be assessed in the class are stated in this syllabus. Instructor will use background knowledge probes, one-minute papers, reflective essays and/or other Classroom Assessment Techniques as deemed necessary in order to provide continuous improvement of instruction. JR 12/15/14 Page 8 of 8