INTERNATIONAL BUSINESS STRATEGY MKTG 6820 SPRING 2015 Instructor: Dr. Yujie (Jack) Wei Office: 2307, Richard College of Business Class hours: 100% online Office Hours: online or by appointment Phone: 404-452-4119 (Cell) E-mail: jwei@westga.edu Required Text: Global Business, 2nd edition by Mike W. Peng. ISBN: 1439042241, ISBN-13: 9781439042243, PUB. DATE: June 2010, PUBLISHER: Cengage Learning COURSE DESCRIPTION This is an advanced course designed to acquaint students with the growing opportunities and potential risks in doing business across international boundaries. The nature and economic role of the interational business, including the impact of legal, political, social and cultural variables are examined for their influence upon business performance and managerial activity. Particular emphasis is placed on the the issues of the business environment, global strategies, organizational behavior, research, human resources, and interational operations. The course covers a broad range of international business issues from an interdisciplinary viewpoint emphasizing the key concerns of the global corporation. The course aims to help students understand today’s competitive global environment, master knowledge and skills to analyze cross cultural variables and their impact on international business, and develop a truly global approach in identifying, analyzing and solving problems. Specifically, the student will demonstrate: Awareness of different perspectives (mindsets) and attitudes of consumers and business people from different regions and cultures, and of the importance in 1 taking these differences into consideration when they are involved in decisionmaking process of doing business in the international arena. A profound understanding of globalization and the changes that have resulted from the expansion of global business and an appreciation for the strategic shifts and organizational adjustments required by business involved in global trade. Working knowledge of a particular foreign country with its variance in national cultures, political systems, economic systems, social structures, languages and corporate cultures, and an appreciation of the impact this variance has on managing business in that environment. Understanding of trade theory, the instruments of trade policy, the case for government intervention to trade and the overall development of world trading systems as it pertains to management issues. Understanding of the impact of going international on the home and host country, the growth of FDI and the implications that global expansion decisions have on management issues, and familiarity with the wide variety of options available including exporting and importing, licensing, franchising and the various techniques used to select the appropriate strategy for a given industry. Appreciation of foreign exchange management as well as the impact of international monetary system and financial institutions on financial decisionmaking and business decision-making. Understanding of the impact of differing cultures and norms on product decisions, of different channels and standards, of the challenges posed by new market realities, of issues involved with global marketing and service decisions which impact overall business operations. Understanding of the challenges and issues involved in international human resource management i.e. selection, training and repatriation. Skills in developing a plan or strategy that accommodates global element and enables a business to grow with in international context. CLASS ACTIVITIES, ASSIGNMENTS AND PROJECTS This class is built around the topical framework in the textbook. This course also incorporates a number of video case studies that illustrate the many activities of a firm across international boundaries. Open online discussions about current international events are an important part of the class. Student questions and viewpoints are encouraged, appreciated and rewarded. 2 Exams (Individual): there are five quizzes (not cumulative) and a final exam. Both quizzes and exam consist of multple choice questions only. Assignments (Individual): this consists of completing readings and responding to discussion questions for the assigned topics when applicable. Additional readings and articles may be assigned as the class progresses. Students are expected to make use of the learning opportunities made available by CourseDen, and access to the Internet sources (links to the useful websites on the front page) to update their knowledge on current developments in International Business. Term Project (Group): The class is divided into teams. Each team consists of three to four students. The group project requires each team to conduct a research on a particular foreign country (see below) and to develop a international strategic plan for a US firm (to be selected by you). The detailed guideline for the course project is provided. The international strategic plans should be written in a professional manner. Foreign countries to be selected: Africa: Ethiopia, Nigeria, Egypt, South Africa Asia: China, India, United Arab Emirates (UAE), Israel, Turkey Europe: Russia, Ukraine, Spain, Greece Latin America: Mexico, Argentina, Honduras, Chile The best papers will show evidence of some investigative efforts—digging for more information, interviews/phone calls/emails with managers—and of synthesis and careful editing. They will also be insightful, going beyond the most obvious lessons to draw out the story behind the story. The quality will be evaluated along content and process dimensions. Careful editing is expected. Simply “cut and paste” sections written by different coauthors will result in a very poor grade. The following items are required for submission: Softcopy of Word emailed to me on CourseDen. Peer evaluation form of all group members. Weekly Topic Discussion (Individual): Five discussion topics are selected from the chapters for the semester. The discussion is aimed to help you better understand the chapters. The discussion will be organized by me but each of you is required to participate in the discussions actively and post at least three (3) response each week: one primary response and two responses commenting on other people’s posts. I may ask you to elaborate on your comments or clarify your arguments, and you are required to reply to my questions as soon as you can. Please make sure that each week your response be posted no later than 10 p.m. (EST) of the ending day. Responses posted after that time will not count toward your contribution. I will wrap up the discussion and post a summary. 3 Your response will be evaluated using the guidelines noted below. It is entirely possible to “participate” frequently and still receive a low grade for class participation. I will pick one or two “star participants” each week, who will be awarded 2 bonus points added to their final grade. Participation evaluation criteria: Outstanding Participation (90% and above): Responses are posted timely and linked to the current discussion. Participation reflects exceptional preparation. Ideas are nearly always important and provide one or more major insights as well as providing a fruitful direction for the class. Arguments are well substantiated and persuasively presented. Good Participation (80-89%): Responses are posted timely and linked to the current discussion. Participation reflects thorough preparation. Ideas are usually important, provide good insights, and sometimes offer a fruitful direction for the class. Arguments are generally well substantiated and are often persuasive. Adequate Participation (70-79%): Responses are posted timely and linked to the current discussion. Participation reflects satisfactory preparation. Ideas are sometimes important, provide generally useful insights, but seldom offer a major new direction. Arguments are well substantiated and sometimes persuasive. Late Assignments: the instructor reserves the right to reduce the student’s grade for the course by one full letter grade if the student does not complete the assignment on the scheduled date. This holds particularly true for the team project. GRADING CRITERIA Your grade will be evaluated on the following: Weekly Discussion (5) Quizzes (5) Final Exam Team Project Total 20% 30% 15% 35% 100% The University of West Georgia expects from its students a high level of responsibility and academic honesty. It is imperative that a student demonstrate a high standard of individual honor in his or her scholastic work. Scholastic dishonesty involves one of the following acts: cheating, plagiarism, collusion and/or falsifying academic records. Students suspected of academic dishonesty are subject to disciplinary proceedings. Plagiarism, especially from the web, from portions of papers for other classes, and from any other source is unacceptable and will be dealt with under the university’s policy on plagiarism (see general catalog for details). This course may use the resources of turnitin.com, which searches the web for possible plagiarism and is over 90% effective. 4 Student Rights & Responsibilities Please carefully review the information at the following link: http://www.westga.edu/assetsDept/vpaa/Common_Language_for_Course_Syllabi.pdf The document at this link contains important information pertaining to your rights and responsibilities in this class. Credit Hour Policy (3 credit hours) For approximately fifteen weeks, students in this class will generally spend 150 minutes with direct faculty instruction (either face-to-face or online) and work about 360 minutes outside of the classroom each week. This out-of-class work may include, but is not limited to, readings, assignments, projects, group work, research, and test preparation. CLASS SCHEDULE (Subject to revision) Date Topic 3/2-8 Module 1: Laying Foundations Course Orientation Country selection U.S. firm selection Watch Video Case: KFC in Japan 3/9-14 Assignments Ch 1: Globalizing Business Ch 2: Politics, laws and economics Quiz 1 (chapters 1-2) Discussion Topic-1: Why is international business a learning process? Ch 3: Cultures, ethics and norms Ch 4: Leveraging resources and capabilities Quiz 2 (chapters 3-4) 3/14-21 Spring Break! 3/23-29 Module 2: Acquiring Tools Discussion Topic-2: How can international business benefit countries involved and people of the countries? 3/304/5 4/6-12 Ch 5: Trading internationally Ch 6: Investing abroad directly Quiz 3 (chapters 5-6) Ch 7: Dealing with foreign exchange Ch 8: Capitalizing on global & regional integration Discussion Topic-3: Please explain major advantages and disadvantages of global and regional integration. Quiz 4 (chapters 7-8) Module 3: Managing Around the World Discussion Topic-4: Please discuss three big barriers to foreign markets. 5 Ch 9: Growing & internationalizing the entrepreneurial firm Ch10: Entering foreign markets Quiz 5 (chapters 9-10) 4/13-19 Discussion Topic-5: What are the five basic requisites that an expatriate must have? Why? 4/20-24 Ch11: Making alliances & acquisitions work Ch12: Strategizing, structuring & learning around the world Ch 13: Managing human resources globally Ch 14: Managing corporate social responsibility globally Final Exam (chapters 11-14) 4/25 Graduation 6