Department of International BusinessInternational Business Major

An analysis of organizations and the management processes of planning, organizing, directing, and controlling in the context of socio-technical systems. Individual, group, intergroup, and organizational responses to various environments and technologies are studied, as are pertinent techniques of manpower management.

Learning Objectives

1. Define the management functions and business processes that create value for an organization
2. Give examples of basic business concepts, principles and values that contribute to organizational performance
3. Formulate a set of management policies, practices, and procedures that influence group and individual dynamics in organizations
4. Describe situations where management decision-making should incorporate ethical reasoning, multiculturalism, and internal inter-group behavior

 

Learning Objectives

1. Establish a framework for observing, evaluating, planning and improving their international business negotiations skills.
2. Apply framework to specific issues facing managers in the international negotiation process.
3. Assess the implications of differing national contexts (for example, the national industrial policy in a given country) for various types of company operations and the negotiations necessary to establish and sustain them over time.
4. Identify ethical implications of managerial behaviors domestically and globally as they impact the international negotiation process.
5. Define the cross-cultural differences in regulation of management practices as they pertain to the international negotiation process.

 

Prerequisite

1. 1. MAN 4602.

 

 

Examines the functions of management in the international firms (e.g., leadership, motivation, communication, human resource development) and issues related to adapting managerial practice to “local” environments.

Prerequisite

1. MAN 4602
2. Oral presentation lab

Learning Objectives

1. Understand the cultural environment of international business.
2. Describe the impact of cultural values on managerial behavior.
3. Recognize the need to adapt one’s own managerial style to each culture.
4. Explain how to lead, motivate, and communicate in other cultures.
5. Identify how to plan, organize, and staff in foreign operations.
6. Understand how to conduct research on the Internet to continue learning how to manage in another country
7. Develop and demonstrate both individual and team oral presentation skills through obtaining direct feedback on specific public speaking skills

An overview course that examines the international business environment (e.g., economic, political, legal, and cultural aspects) and related institutions that impact a global firm (e.g., world banks, the United Nations, and various economic blocs).

Prerequisite

1. ECO 2013
2. ECO 2023
3. Excel project

Learning Objectives

1. Demonstrate an in-depth understanding of environmental forces affecting International Business.
2. Present an overview of International Business functional areas.
3. Explain functions of supranational organizations and their impact on International Business.
4. Identify the critical issues in International Business.
5. Develop & demonstrate spreadsheet analysis skills through individual Excel® projects

Learning Objectives

1. Explore and discuss the international integration of financial markets and analyze implications for financial managers.
2. Describe how interest rates are determined and the role played by financial markets and institutions in the global financial system.
3. Describe the functions of commercial banks doing business around the globe, as well as the role of other international financial service providers such as: investment banking firms, security brokers and dealers, insurance companies, off-shore banks, forfeiting and other financial non- depository organizations.
4. Explain the evolution of banking and finance since its earliest days, the organizational structure of banks, and how banking and other financial related legislation and regulation have impacted the operation of today’s financial companies.
5. Explain why and how to adapt a bank's operations to the culture and ideology of the host country.
6. Explain how commercial banks operate in the United States and abroad. Describe the importance of risk management in their daily operations, including how they compete in the market place with other financial service providers.
7. Explain the operation of investment, commercial, offshore, and retail banking outside the U.S.
8. Analyze financial institutions in terms of risk identification, risk measurement and control and the impact of country, currency and reputational risks’ on liquidity, profitability and growth.
9. Become familiar with the banking and financial system of certain countries and explain how religion and military governments have had a profound effect on the development of the banking systems of many countries.
10. Compare and contrast regulatory and supervisory processes among central bankers in industrialized nations.
11. Explain secrecy laws that are the common denominator for offshore banking.
12. Recognize types of crimes, such as the risk that money laundering can affect a financial institution and how external and internal crime can negatively impact a financial institution’s net income and reputation. Understand the positive and negative effects of the USA Patriot Act of 2001 on international financial institutions.
13. Become familiar with current issues in global financial services as well as reasons for and consequences of industry financial scandals worldwide during the last several decades.
14. Identify and sequence the steps that lead to a bank crash.
15. Evaluate the banking and financial system of a selected country. Analyze and compare performance to United States banks, make investment decisions, and provide a rationale for your decisions.
16. Using role play, prepare and present a strategic plan to bring a simulated emerging country out of financial ruin.

Introduces the types of risk confronting businesses operating internationally. Critiques specific techniques used to assess risk and relates the results to management decision making. Prerequisite: MAN 4602.

Learning Objectives

1. Explain the concept of business risk and how it has evolved in recent years.
2. Demonstrate familiarity with the principal tools companies use to assess their vulnerabilities to man-made, technological and natural disasters that could potentially affect operations.
3. Give examples of the difference between political and country risk.
4. Explain the different drivers of political risk (e.g., external, internal and interaction)
5. Demonstrate understanding of the different strategies and tools available to international companies to mitigate and manage risk.

Learning Objectives

1. Explain and evaluate how the globalization process moves a business from a purely domestic focus in its financial relationships and composition to one truly global in scope.
2. Demonstrate how both the diversifiable and non-diversifiable risks of an investor’s portfolio may be reduced through international diversification.
3. Describe how interest rates are determined and the role played by financial markets and institutions in the global financial system.
4. Demonstrate how inflation, interest rates and exchange rates are related.
5. Explain the concept of parity in International Finance and its relationship to Currency Forecasting.
6. Discuss and use different approaches for exchange rate determination.
7. Identify the extent, functions and participants in the foreign exchange market.
8. Identify the forms of currency quotations used by currency dealers, financial institutions, and agents of all kinds when conducting foreign exchange transactions.
9. Describe the Balance of Payments (BOP) and International Economic Linkages.
10. Explain how nations measure their own level of international economic activity and how that is measured by the balance of payments.
11. Define the different types of foreign exchange exposure: transaction, operating, translation and tax exposure.
12. Evaluate the effect of market liquidity and segmentation on the cost of capital.
13. Evaluate the complexities that must be considered when undertaking capital budgeting analysis of a foreign project.
14. Distinguish between spot, forward, swaps, and other types of foreign exchange financial instruments as well as foreign currency futures and options contracts.
15. Apply knowledge of derivatives to risk management in international financial markets.

Learning Objectives

1. Understand how to make strategic decisions regarding investment in manufacturing facilities given projected global sales demand using business strategy game simulation.
2. Understand how to analyze annual reports on competitors' sales, production, pricing, product quality, service, and advertising in order to maximize EPS, ROI, bond rating, and share price using business strategy game simulation.
3. Explain how to develop a strategic plan that will differentiate an MNC from competitors' companies in order to gain a competitive advantage.
4. Describe a SWOT analysis and describe the current situation of an existing company that (a) assesses the major issues of the company and its current strategies and (b) evaluates the strategy to make a strategic recommendation for the company.

This course examines the Latin American business climate and especially U.S.-Latin American Business linkages. Topics include exporting to Latin America, regional economic integration, and examinations of individual countries. Prerequisite: MAN 4602.

Learning Objectives

1. Describe and explain the role of hyperinflation on Latin American business.
2. Analyze and evaluation import substitution industrialization.
3. Describe and explain the difficulties and opportunities of devaluation on business.
4. Analyze and evaluate export-led growth, both historically and at present, including the problems faced by business from declining terms of trade.
5. Describe and explain the bureaucratic obstacles faced by business in the region.
6. Understand the role of the major international financial institution in Latin America (IMF, World Bank, Inter-American Development Bank, etc.)
7. Describe and explain the previous political popularity of “neo-liberalism”. Identify the three major stages of the “Washington Consensus” neo-liberal policies. Evaluate and analyze the major problems and issues in the neo-liberal business model.
8. Understand and evaluate the recent rise of neo-populism in Venezuela, Bolivia, Argentina, etc. and its implications for doing business in the region.
9. Understand the different business cultures and ethical norms prevalent in the Latin American and Caribbean countries.
10. Grasp the demographic and socioeconomic characteristics of the region as a whole and those of major sub-markets.
11. Be aware of the history of regional integration schemes and the reasons for the recent proliferation in bilateral and multilateral trade accords.
12. Understand the competitive landscape, and the importance of family-owned conglomerates, state-owned enterprises, and the informal sector to the region’s economy.
13. Grasp what is meant by the “Chilean miracle,” and whether this country’s economic success can be replicated by other countries in the region.

 

This course provides a comprehensive overview of culture and management in major East and Southeast Asian economies. It includes a brief survey examination of the Asian business environment.

Learning Objectives

1. Describe the Asian business environment in general as well as that of each of 13 major economies in the region.
2. Analyze the historical regional changes, including political, economic, and social, that affected the economic changes in Asia.
3. Identify cultural sensitivity issues and awareness to each of the major countries studied.
4. Identify the major multinational companies and their business operations within the region.
5. Explain the various legal, political, social, and environmental constraints within which businesses must operate in the region.
6. Discuss international business activities both within the region and with business people from the region generally.
7. Describe specific observed cultural differences from the US that affect business practices in the Asian country ( countries) visited.
8. Research, observe and describe specific changes in business practices in the Asian country (countries) visited.
9. Clarify through written exposition and analysis your future recommendations and predictions for the Asian country (countries) visited.

Prerequisite

1. 1. MAN 4602.

 

 

In this course we investigate and show how a unique combination of cultures and environments, despite great social and military conflicts, is now a rival to the top four world economies.

Learning Objectives

1. Analyze the historical regional changes, including political, economic, and social, that affected the economic changes in Europe.
2. Describe the European business environment in general as well as that of each of the major economies in the region.
3. Identify cultural sensitivity issues and awareness to each of the major countries studied.
4. Identify the major multinational companies and their business operations within the region.
5. Explain the various legal, political, social, and environmental constraints within which businesses must operate in the region.
6. Discuss international business activities both within the region and with business people from the region generally.
7. Research, observe and describe specific changes in business practices in the European country (countries) visited.
8. Describe specific observed cultural differences from the US that affect business practices in the European country (countries) visited.
9. Clarify through written exposition and analysis your future recommendations and predictions for the European country (countries) visited.

Prerequisite

1. 1. MAN 4602.

 

 

Learning Objectives

1. Explain the study of ethical decision making in business, government and society.
2. Apply ethical decision making to current issues for the global environment and the modern business enterprise.
3. Understand the various legal and ethical aspects of international contracting, exporting and importing, and sales and services.
4. Demonstrate competence for dealing with current issues facing governments, businesses and society while understanding both the risks and ethics of International Business.
5. Recognize country differences in import and export regulation, documentary transactions, and transport of goods.

Learning Objectives

1. Describe the contents of a company’s strategic management audit report.
2. Identify and assess the impact of opportunities and threats in a company’s environment, its industry, and its set of competitors.
3. Identify and assess a company’s strengths and weaknesses, and match them with its opportunities and threats to suggest four alternative strategies.
4. Identify, analyze, and synthesize data and information that supports company decision-making to improve customer satisfaction, and overall financial performance.
5. Describe the generic and business-specific factors that reflect a company’s overall operational performance, and its performance in its business units and functional business areas including corporate and social responsibility.

Learning Objectives

1. Document research, observations, and analysis of the different methods used to make business decisions in the host country. Document interviews and company visits to explore innovative practices.
2. Analyze cultural beliefs which may contribute to these differences, and assess the impact that these contribute to attitudes toward diversity in the host country.
3. Observe and evaluate the use of innovation and creativity in changing traditional businesses and the processes used to build new business models.
4. Present recommendations and observations in writing, clearly, and with detail, and use various media, including visual and current technology to show both a broad view using global examples as well as describing the host country's strengths and weaknesses.

Prerequisite

1. 1. MAN 4956.

 

 

This course is designed to provide the undergraduate IB student with a clear understanding of current thinking in the area of leadership in multinational firms and coordination of multilateral work activities.

Learning Objectives

1. 1. Discuss the concept of "global leader" and describe some of the characteristics necessary to fulfill such a role
   2. Describe examples of effective and ineffective leadership as specific actions ( or inaction) by the leader in different cultural contexts.
   3. Identify various leader styles and discuss their effectiveness in different international situations

1. 1. Explain how leadership has an impact on performance of multilateral units. Answer the question"Does leadership matter?"

1. 1. Describe some of the demands placed on the leader when his/her physical presence is intermittent

1. 1. Explain methods for changing attitudes and effecting acceptance of change in different cultures

1. 1. Identify specific problems likely to be incurred in managing across different units, regions, countries and organizations

1. 1. Identify methods by which leaders must plan and control activities across units and functional areas

1. 1. Discuss the critical importance of integrity and authenticity for effective leadership in multicultural management

1. 1. Describe methods for leadership incubation in global organizations as part of success planning

 

Prerequisite

1. 1. MAN 3025.

 

 

Examines selected industrial relations systems of Western Europe, Asia and the Americas, with special emphasis on differences among systems and the reasons such differences exist. The industrial relations significance of the multinational enterprise and management problems associated with operations in diverse systems are analyzed.

Learning Objectives

1. 1. Identify issues and effective practices pertaining to the major HRM functions (personnel selection, training, compensation, performance management) within the context of a multinational environment
   2. Discuss the value of cultural differences
   3. Develop and describe successful programs for international assignees & expatriates

1. 1. Demonstrate expertise on a particular country with regard to issues and practices pertaining to major HRM functions

1. 1. Discuss ways to take ownership of own career and its development

Prerequisite

1. 1. MAN 4602.

 

 

Learning Objectives

1. 1. Demonstrate an in-depth understanding of a key international business issue(s) not covered in detail within regularly scheduled international business courses.
   2. Demonstrate skills and techniques necessary to apply theoretical concepts within a topic area to real-world international business situations.
   3. Demonstrate ability to discern whether and to what degree the applications of theoretical concepts within the special topic area can be consistently applied across cultural environments.

Prerequisite

1. 1. Faculty Sponsor, Consent of the Department's Chairperson.

 

 

Learning Objectives

1. Discuss the concept of "global leader" and describe some of the characteristics necessary to fulfill such a role
2. Describe examples of effective and ineffective leadership as specific actions ( or inaction) by the leader in different cultural contexts.
3. Identify various leader styles and discuss their effectiveness in different international situations
4. Explain how leadership has an impact on performance of multilateral units. Answer the question"Does leadership matter?"
5. Describe some of the demands placed on the leader when his/her physical presence is intermittent
6. Explain methods for changing attitudes and effecting acceptance of change in different cultures
7. Identify specific problems likely to be incurred in managing across different units, regions, countries and organizations
8. Identify methods by which leaders must plan and control activities across units and functional areas
9. Discuss the critical importance of integrity and authenticity for effective leadership in multicultural management
10. Describe methods for leadership incubation in global organizations as part of success planning

     

Prerequisite

1. Faculty Sponsor, Consent of the Department's Chairperson.