busi 3913 international business

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Dec 13, 2009 ... INTERNATIONAL BUSINESS ... Understand the complexity of international business and the context in ... Griffin R.W. and Pustay M.W. (2005).
BUSI 3913

INTERNATIONAL BUSINESS Fall 2009, Room 2084, Friday, 8:30 to 11:30 am Professor: Dr Jan Alpenberg Office: Room 1085 Phone: 416-226-6620 ext 2108 E-mail: [email protected]

Office Hours: Thursdays 3:45 – 6:30 pm, or by appointment Commuter Hotline: 416-226-6620 ext. 2187 Class cancellations due to inclement weather or illness will be announced/posted on the commuter hotline. Mailboxes: Every student is responsible for information communicated through the student mailboxes. A mailbox directory is posted beside the mailboxes.

I. COURSE DESCRIPTION: This course is introduces students to the international environment of business and provides a comprehensive outline of the corporate management issues and operational elements that define international business. The evolving nature of the global economy and the business, social and cultural implications for the multinational corporations and other organizations will be examined during this course. Students will learn the principles of cross culture communication, international strategy, management and organizational structure, finance and control.

II. COURSE OBJECTIVES: As a result of taking this course students should be able to: 1. Understand the complexity of international business and the context in which the corporations are working in. 2. Demonstrate an understanding of the legal, technical, and political aspects of the global marketplace. 3. Demonstrate a deeper understanding for different cultural aspects in international business. 4. Demonstrate an understanding of the international environment with emphasis on trade, monetary systems, foreign exchange and financial markets. 5. Understand how international cooperation among nations is constituted. 6. Demonstrate an understanding of strategies for international markets as well as an understanding of leadership and organizational behavior in an international context. 7. Understand how international business operations and its implications differ from purely domestic operations.

III. METHOD of DELIVERY: Classroom lectures and exercises Overheads and PowerPoint presentations Tutorials and work sessions Class involvement and discussions

40% 20% 20% 20% 1

IV. REQUIRED TEXTS: Griffin R.W. and Pustay M.W. (2005). International business. Fourth Edition. Upper Saddle River, NJ: Pearson Prentice Hall. Ferraro, G.P. (2006). The Cultural dimension of international business. Fifth Edition. Upper Saddle River, NJ: Pearson Prentice Hall. Catherwood, F. (2008). Light, salt and the world of business: How Christian graduates can stand against corruption. San Dimas, CA: The Lausanne Movement. Brealey, R.A., and Myers, S.C. (2003). Principles of Corporate Finance. Seventh Edition. Whitby, ON: McGraw-Hill.

V. COURSE EVALUATION: Students will be evaluated based on assignments, attendance and class participation, a midterm exam, and a final exam as follows: Midterm Exam Assignments (5 x 6%) Class Participation and Attendance Final exam

Value Value Value Value

30% 30% 10% 30%

VI. COURSE OUTLINE AND REQUIRED READING EACH WEEK 1

September

15

Course introduction, Overview of International Business, BAM

G&P chap. 1 Catherwood ch.

2

September

22

Global marketplaces and Business Centers BAM

G&P chap. 2 Catherwood ch.

3

September

29

Legal, Ethical, Technological and Political aspects of international business Assignment 1 – short presentation

G&P chap. 3, 5 Catherwood ch.

4

October

06

Cultural dimensions in international business, Ethics and social responsibility

G&P chap. 4 Ferraro chap. 1-4

5

October

13

Cultural dimensions in international business, Ethics and social responsibility Assignment 2 – short presentation

G&P chap. 4 Ferraro chap. 5-7

6

October

20

International trade, international monetary systems,

G&P chap. 6-7

7

October

27

No classes – Reading week

8

November

03

Midterm

See above

9

November

10

Foreign Exchange, International financial

G&P chap. 8-9 2

markets and trade policies Assignment 3 – short presentation

B & M chap.

10

November

17

International strategic management

G&P chap. 11-13

11

November

24

Leadership in international business Assignment 4 – short presentation

G&P chap. 14-15 Ferraro chap. 8

12

December

01

International marketing and operations management

G&P chap. 16-17

13

December

09

International accounting and Financial management, Assignment 5 – short presentation

G&P chap. 18-19

Final exams will be scheduled during exam week, December 11th to 21st. For exam conflicts and rescheduling please see page 92 of the Academic Calendar.

Assignments Each assignment must be handed in before class on the due date. The assignment has to be handed in a report form (front page with name etc) and must be done on a computer. No handwritten solutions will be accepted. Late assignments will face severe penalty (max 50% of the available grade). Only valid reasons for absence are accepted for the assignments. Each assignment should be 3-5 pages if. Assignment 1 – Business As Mission (BAM) is a growing movement. Your task is to give critically discuss this movement and point out both positive and negative aspects. Assignment 2 – Go to Hofstedes website and pick two significantly different countries and make a systematic comparison between them. One of the countries should be Canada. Use Hofstedes five dimensions. Assume people from these two different countries are going to do business with each other. Address as many cultural differences you can think of and discuss potential solutions. Be ready to give a short presentation in class. Assignment 3 – Assignment 4 – Assignment 5 –

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