International Business

Course Version: 2.0

Prerequisites: None

Required Text(s): Project Management from Simple to Complex

Course Overview

This course help students to understand the world in an international context, with knowledge on how to solve cross-cultural problems. Students will develop essential management skills such as leadership, strategic thinking, and communication, as well as delegation, problem solving, organising, presenting, and reporting.

After the course students will be able to manage diverse teams and improve financial performance and redesign business processes. The text describes a “flat world” as one where service industries that dwarf manufacturing industries in terms of scale and scope, an internet that pervades life and work, and networks that define modern business whether service or manufacturing. The text is designed to speak to technologically-savvy students who see national borders as bridges not barriers

Learning Outcomes

By the end of this course, student should be able to demonstrate mastery in the following:

  • Understand International Business, who and what forms of business and dig into the globalization debate and ethics
  • Describe International Trade theory, political and legal factors that impact International Trade with FDI
  • Evaluate cultural impact on global trade and negotiating through ethical biases on the local/international front
  • Demonstrate how economies are in the developed world and emerging markets.
  • Understand how nations cooperate economically, integrate and investigate how the United Nations impact global trade.
  • Define International Monetary System and what role the IMF and World Bank play on global business.
  • Describe Currency and Foreign Exchange, rates and global capital markets (the impact of venture capital and global capital markets) on International businesses
  • Analyze PESTEL and factors that favors globalization, entry and exit modes, using CAGE model to assess markets.
  • Understand financing importing and exporting companies and how global sourcing is done
  • Understand corporate strategy and generic strategies and significance of the P-O-L-C framework
  • Understand what entrepreneur across borders, intre-prenuers and the global trade war for talent. The workforce scorecard and gauge human capital
  • Understand R&D, Intellectual Property rights and innovative efforts for the bottom up pyramid
  • Understand the accounting role and its impact on International standards, currency risk and financing available for international investment decisions and transaction costs and taxes.

Topic Descriptions

Topic One

📚   Read Chapter 1: Introduction

🎧   Listen to this introduction from Professor Kola Bakare:

⏯   Watch these videos:

🌐   Additional Resources

Business Ethics

💬   Questions to consider:

  1. What is Ethics?
  2. Giving gifts is accepted in some cultures in business and not accepted in some why?

Topic Two

📚   Read Chapter 2: International Trade and Foreign Direct Investment

🎧   Listen to this introduction from Professor Kola Bakare:

💬   Questions to consider:

  1. What are classical, country based trade theories
  2. What is FDI and how does it defer from PI

Topic Three

📚   Read Chapter 3 Culture and Business/p>

📚   Read Chapter 4: World Economics

🎧   Listen to this introduction from Professor Kola Bakare:

⏯   Watch these videos:

💬   Questions to consider:

  1. What is Cultures and how they impact Local Business Practice
  2. What is your national culture and subcultures within it

Topic Four

📚   Read Chapter 5: Global and Regional Economic Cooperation and Integration

🎧   Listen to this introduction from Professor Kola Bakare:

⏯   Watch these videos:

💬   Questions to consider:

  1. What do you understand by GDP
  2. Explain the Purchasing Power Parity

Topic Five

📚   Read Chapter 6: International Money System

📚   Read Chapter 7: Foreign Exchange and the Global Capital Markets

🎧   Listen to this introduction from Professor Kola Bakare:

⏯   Watch these videos:

💬   Questions to consider:

  1. Define WTO in what way is this essential to global trade
  2. Define GATT and discuss the importance of the successive rounds

Topic Six

📚   Read Chapter 8: International Expansion and Global Market Opportunity Assessment

💬   Questions to consider:

  1. What does the PESTEL stand for?
  2. Analyze CAGE

Topic Seven

📚   Read Chapter 9: Exporting, Importing and Global Sourcing

📚   Read Chapter 10: Strategy and International Business

💬   Questions to consider:

  1. What options do companies have for export and importing finance
  2. Why do companies engage in countertrade – give 3 reasons

Topic Eight

📚   Read Chapter 11: Global Entrepreneurship and Intra-preneurship

📚   Read Chapter 12: Winning through effective Global Talent Management

📚   Read Chapter 13: Harnessing the Engine of Global Innovation.

💬   Questions to consider:

  1. What do Entrepreneurs do?
  2. How do we organize and where do we locate R&D Activities

Topic Nine

📚   Read chapter 14: Competing Effectively through Global Marketing, Distribution, and Supply-Chain Management

💬   Questions to consider:

  1. What is the best way to reach international customers
  2. What is the marketing mix

Topic Ten

📚   Read Chapter 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage.

✍   Final review.

Earn Credit

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