January 28, 2016 Towson, Maryland 21252 Dept. of Management MNGT. 375 – International Business: Theory and Practice Spring 2016 COURSE SECTION, MEETING TIME, AND LOCATION Monday-Wednesday-Friday Section 001 - 9:00 to 9:50 am, Stephens Hall 107 COURSE INSTRUCTOR Three principles for this course: 1. Follow directions (See p. 7 of syllabus) 2. Communications is historical 3. Communications is comprehensive Prof. Don Kopka, Ph.D. (Please address as Professor or Mr. NOT as Dr.) COURSE CATALOG DESCRIPTION Global dimensions and interdependencies of business: international firms’ strategies and structures, global strategy and market entry. Elements of international finance include international monetary systems, foreign exchange and global trade theory. Global operations, marketing and HRM. COURSE PREREQUISITES Junior/major standing, BUSX 301 (may be taken concurrently). OFFICE LOCATION AND HOURS Stephens Hall 114B Office Hours: Monday-Wednesday 3:30 to 5:00 pm or by Appointment TELEPHONE NUMBERS, AND E-MAIL ADDRESS Office Telephone: 410-704-3234 Office Fax: 410-704-3236 Cell Phone: 410-497-4424 E-mail: dkopka@towson.edu TOWSON UNIVERSITY EMAIL REQUIREMENT AND COURSE WEB PAGE http://pages.towson.edu/kopka/mngt_375.htm (I do not use Blackboard) Periodically I will send all-class emails informing you of slides, assignments, or other materials that I have posted on the course web page. To get these emails, you must have and use your assigned Towson University Email account; I will not seek out or use some other email account that you may prefer to use such as gmail. After you receive an all-class email through your TU account from me, you should go to my home page listed above and then follow the link for my International Business course webpage to read/download the necessary materials. 2 January 28, 2016 TEXTBOOK Charles W. L. Hill, Global Business Today, Seventh Edition, McGraw-Hill Irwin, Boston, 2011. PLEASE BRING TEXTBOOK TO EVERY CLASS. SOME CLASS SESSIONS WILL INVOLVE USE OF EXERCISES IN THE TEXTBOOK. GENERAL LEARNING OBJECTIVES To appreciate the international interdependence of the current business environment. To provide students with an opportunity to apply learning about the international business environment in a real-world business context. LEARNING OBJECTIVES FOR THE CBE COMPREHENSIVE TEST The learning objectives of the course are intended to develop Knowledge, Skills, and Attitudes (KSAs) that are major components of a student's education in the College of Business and Economics at Towson University. The following learning objectives are covered as advanced preparation for the CBE Comprehensive Test that you will take during the MNGT 481 Business Strategy and Policy course: Identify key elements of a country’s environment (culture, political/legal, economic). Describe why countries trade with each other. Identify the key elements of a country’s trade policies (implications for business?). Describe different patterns/types/effects of foreign direct investment. Describe the major forms of regional economic integration in the world. What are the implications for business? 6. Describe the basics of the foreign exchange market? How/why do firms “hedge” currency risk? What role do the International Monetary Fund and World Bank play in the international currency markets? 7. What are the different strategies available to multi-national enterprises? 8. What are the different market entry strategies? 9. What are the marketing mix elements and how they do they change in a global business environment? 10. What are the human resource staffing issues in a global workforce? 1. 2. 3. 4. 5. COURSE TOPICS The course covers the following topics: National political environments National cultures Trade theory National trade policies Regional economic integration International currency markets Multinational Enterprise strategy and structure 3 January 28, 2016 LEARNING ASSESSMENT The academic programs at Towson University College of Business and Economics are internationally accredited by the Association for the Advancement of Collegiate Schools of Business (AACSB). Each semester, as an ongoing part of this exclusive certification, the Management Department conducts routine assessment of students’ proficiency in selected dimensions of knowledge, skills, and attitudes (KSAs), as well as content mastery of selected business topics and students’ satisfaction with the learning experiences provided by the department. The methods of such assessment will be communicated by the instructor. Student participation in these assessments, as part of the overall departmental learning program, is mandatory. COURSE REQUIREMENTS The assignments in this course are intended to fulfill these objectives and assessment requirements. The assignments include three mid-term and one final CLOSED BOOK, CLOSED NOTES examinations, written assignments, and a team country project report and presentation. Be aware that the exams will include questions from cases and other inclass discussions. ACADEMIC INTEGRITY A significant component embedded in Management Department’s core values is “academic integrity.” Towards this objective, the faculty members in the department will assess that student work submitted for academic credit in the courses taught by them is authentic, as well as consistent with established academic standards. Examples of academic behaviors considered a violation of “academic integrity” are: plagiarism; fabrication and falsification; cheating; complicity in academic dishonesty; abuse of academic materials; and multiple submissions, among others. Detailed explanations of academic conduct that constitute such violations of “academic integrity” and its consequences are to be found in the Towson University document titled: “Student Academic Integrity Policy.” Students are urged to review this document at: http://www.towson.edu/provost/resources/studentacademic.asp. Any student who cheats on any of the assignments in this course and does not do his/her own work will be given a failing grade for the course and reported to the Office of the Registrar. 4 January 28, 2016 COURSE PHILOSOPHY AND CONDUCT The approach of this course is based on a philosophy that the course subject matter is best learned by applying course material to analyze and understand typical issues encountered in international business. A second dimension of this philosophy is that students should also develop experience in the types of activities required for international business including gathering information, reporting the information in writing and orally. This philosophy underlies the conduct of the course. This means you are responsible for all assigned readings, handouts, group discussion, and homework. If you miss a class meeting, it is your responsibility to obtain any notes or assignments from your fellow classmates. I will explain any questions you may have about notes you have obtained from other students, but my notes are not available for copying. CLASS ATTENDANCE, PARTICIPATION, AND UNANNOUNCED QUIZZES The class sessions will be interactive. You should come to class prepared to participate in the discussions by reading the assigned chapters, and preparing case, chapter discussion and research task questions. If you are unable to attend class, you should get class notes from other students as exam essay questions will be based primarily on the lectures and class activities. Please turn off or mute the volume on your cell phone or pager during the class and do not do text messaging during class. In addition, do not come to class and either sleep or eat. Any student engaged in unprofessional conduct will be asked to leave. POLICIES ON EXAM DATES AND MISSED ASSIGNMENTS AND EXAMS The scheduled exam dates will remain unchanged. The material covered on an exam may change according to the amount of material actually covered before the exam versus what was planned. You are required to be in class for case and other assigned discussions, whether written or oral preparation is involved. The discussions are part of the assignment and you are required to attend and participate: in particular, nonattendance means that you did not complete a written assignment. Consequently, any written assignments submitted before or after a class that the student did not attend will automatically result in a grade of zero on the assignment. Even if you do not have the assignment completed, you should attend the discussion, but there will be a grade deduction of 20% for turning the assignment in late. Late written assignments must be turned in no later than the next class period after the assignment was due. If you have what you believe is a justifiable reason for missing assigned case and question discussion sessions and turning a written assignment in late, you must provide me with official written documentation explaining why the class was missed and the assignment was late. Work is not an acceptable reason for turning assignments in late or missing an exam. 5 January 28, 2016 Attendance is also mandatory on the scheduled exam date. If there is no satisfactory written justification for missing an exam, the make-up exam will be a comprehensive final exam given during the final exam time period that will cover all course material from the entire the semester, including material on an exam that was taken and not missed. Makeup exams will only be given after the scheduled exam date; no exam will be given before the scheduled exam date and time--DO NOT ASK. COURSE GRADING Assignments Chapter 2 Research Task 1 – Replace listed countries with Malaysia, South Africa, and Colombia Midterm Exam 1 Midterm Exam 2 Foreign Exchange Problems Midterm Exam 3 Team Country Report Team Country Report Presentation Team Member Evaluation Final Exam Total Possible Points Points Earned on Assignment Total Points Earned Total Points Earned as Percent of Total Points Graded 50 50 50 50 50 200 50 50 50 600 FINAL GRADES will be made according to the following percentage ranges of point totals: AVERAGE LETTER PERCENTAGE GRADE RANGE A 93% to 100% of total points for semester A - 89% to 92.99% of total points for semester B+ 86% to 88.99% of total points for semester B 83% to 85.99% of total points for semester B - 79% to 82.99% of total points for semester C+ 76% to 78.99% of total points for semester C 70% to 75.99% of total points for semester D+ 66% to 69.99 % of total points for semester D 60% to 65.99% of total points for semester F 0% to 59.99% of total points for semester 6 January 28, 2016 COURSE WITHDRAWAL If you choose to withdrawal from this course with a grade of “W,” you are responsible for completing the necessary paperwork by April 4, 2016. Simply ceasing to attend the course without completing the required paperwork does not constitute course withdrawal and will lead to a grade of F-X. It is your responsibility, not the professor’s, to complete the procedures for course withdrawal if you choose to do so. STUDENTS WITH DISABILITIES In accordance with University policy, if you have a documented disability and require accommodations to obtain equal access in this course, please contact the instructor at the beginning of the semester and when given an assignment for which an accommodation is required. Students with disabilities must verify their eligibility through the Office of Disability Support Services (AD232). Students with disabilities must provide the necessary documentation from Disability Support Services to inform me of any special accommodations that they may require. I will make every effort to meet these accommodations. If you wish to take the exams at the Testing Services Center, you must provide me with a “Test Accommodations Request Form” at least one week prior to the scheduled exam date. However, be aware of the test center hours, because I will not allow you to take the exam before the rest of the class; you will have to set a date and time after the rest of the class takes the exam. In addition, I do believe it is better that you take the exam with the rest of the class. Occasionally questions arise regarding an exam question, which I can answer/clarify for everyone. If you take the exam separate from the rest of the class, you will not be present to hear my response/clarification. I also encourage you to download and print out any PowerPoint slides or assignments from my course webpage for your use in studying and note taking. As gathering such information using the Internet is a skill that every professional now needs, you will need to obtain the slides on your own; I will not print out the slides for you. COURSE SCHEDULE The planned course schedule is available from the course webpage. This planned schedule may change depending on course progress and may be updated with different chapter and assignment dates as the course advances through the semester. January 28, 2016 WRITING SKILLS AND FORMAT REQUIREMENTS FOLLOW THESE WRITING REQUIREMENTS! DO NOT BLOW THEM OFF!!!! DO NOT BE CARELESS!! Students are expected to display college-level writing skills. If the quality of the writing is judged to be unprofessional due to excessive errors for grammar, punctuation, poor organization, spelling, punctuation, etc., the assignment will be returned ungraded and treated as late. Students who lack writing proficiency will be required to visit the writing lab for supplemental instruction. Course written assignments must meet ALL of the following FIVE (5) format requirements. Failure to fulfill ALL FIVE of these format requirements on EVERY assignment will automatically result in a FIVE (5) point deduction for each format requirement not included in the assignment. These FIVE POINT DEDUCTIONS CAN ACCUMULATE TO TWENTY-FIVE (25) POINTS FOR ANY ASSIGNMENT AND WILL BE DEDUCTED FROM THE OVERALL ASSIGNMENT GRADE. 1. Typewritten in a clear, 12-point font; 2. Begin with a memo heading in the upper left-hand corner on the first page in the following form (do not use a cover page and the word "Memo" is not included at the top of the page): DATE: TO : Professor Kopka FROM: Your Name RE : Title of Assignment 3. Double-spaced; 4. If more than one page, stapled in upper-left corner with PAGE NUMBERS ON EVERY PAGE; do not put page numbers in the upper-left corner; in Microsoft Word, go to the Insert menu to select the Page Number function; do not submit any assignment in a folder, binder, or envelope, simply staple it in the upper left-hand corner; 5. Organized using headings and subheadings. FOR ANY ASSIGNMENT OR CASES, DO NOT SIMPLY USE THE NUMBER FOR A QUESTION; DEVELOP A HEADING OR SUBHEADING FOR EACH QUESTION OR TOPIC IN THE ASSIGNMENT. ALL WRITTEN ASSIGNMENTS MUST BE SUBMITTED IN-CLASS ABSOLUTELY DO NOT SEND ANY ASSIGNMENT TO ME VIA EMAIL ATTACHMENT!! ANY WRITTEN ASSIGNMENTS SUBMITTED AS EMAIL ATTACHMENTS OR PLACED IN MY MAIL BOX, UNDER MY OFFICE DOOR, MAILED USING REGULAR MAIL, OR SUBMITTED BY ANY METHOD OTHER THAN HANDING IN IN-CLASS WILL RECEIVE GRADES OF ZERO (0). IF YOU HAVE A PROBLEM OF DELAYED SUBMISSION OR MISSING CLASS, EMAiL ME AND I WILL TELL YOU WHAT TO DO.