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RIT Saunders College of Business 0113-310-02: Global Business: An Introduction Spring 2013, MW 2:00-3:50, Room Low 3115 Instructor

r Stephen R. Luxmore, Ph.D. Office: LOW 3315 E-mail: sluxmore@saunders.rit.edu Phone: 585-475-7161 Interactive Site: myCourses.rit.edu Office Hours: M 12:00-1:50; W 12:00-1:50; R 11:00-12:00 and by appointment, email, phone Course Objectives The student should be able to identify, interpret, and relate the issues, concepts, theories, frameworks, and practices of business in the global context. More specific objectives include: 1. Identify the perspectives of globalization and internationalization 2. Identify and classify international business (IB) stakeholders 3. Interpret the attributes of cultural environments and apply to nations 4. Interpret the attributes of political and legal environments and apply to nations 5. Interpret the attributes of economic environments and apply to nations, including developed, emerging and developing economies 6. Outline the theories of international trade, and demonstrate the benefits and costs of international trade to multiple stakeholders 7. Outline the theories of foreign direct investment, and demonstrate the benefits and costs of FDI to multiple stakeholders 8. Outline how and why governments intervene in trade and FDI 9. Outline global and regional cooperation and integration, apply the forms to current and proposed integration agreements, demonstrate the implications to multiple stakeholders 10. Outline international monetary system and institutions 11. Outline foreign exchange markets, theories of exchange rate determination, capital markets and explain implications to business organizations 12. Identify various strategic management approaches available to global enterprises and relate to business organizations 13. Identify various structural architecture available to global enterprises and relate to strategy and business organizations 14. Identify foreign market entry strategies available to global enterprises and relate to business organizations 15. Identify functional level strategies and tactics available to global enterprises and relate to business organizations Required Texts and Readings 1. Carpenter, M. and Dunung, S. International Business: Opportunities and Challenges in a Flattening World. Available www.flatworldstudents.com 2. Handouts, readings as assigned. 3. Students should read, as a matter of habit, publications such as The Economist, Wall Street Journal, Fortune, Financial Times, Business Week, and other business journals. Other Requirements Each student is required to have an active e-mail account, access to the internet and access to myCourses (http://myCourses.rit.edu) Prerequisites None

Course Approach This course combines discussions, readings, cases, lectures, and current events in a participatory learning environment to develop an understanding of business planning and decision-making in the international environment. Readings and cases will be used to enhance, illustrate, and expand points made in the text and discussion. A research project will be conducted to integrate the concepts and issues covered in the course. Students are expected to contribute significantly by fully participating in class discussions and working together creatively in completing research projects. Contribution and participation to team efforts is a required component of the course. Teams may fire an individual group member in consultation with the instructor. Students removed from their teams are required to complete the team project on their own and write an additional research paper. Assignments All assignments, modules and related are due, typed hard copy, at the beginning of the class. Late assignments will be penalized at 25 points the first day, 50 points day two, and not accepted after that. A. Individual (i) Case studies, exercises, and other homework will be assigned throughout the quarter and a due at the beginning of the class on the designated date. (ii) Market opportunity assessment analysis (due week 10). The paper will follow APA style guidelines. The paper is to be double-spaced, single-sided. Text is limited to 15 pages. Attachments, appendices, etc., unlimited. B. Team Each team will research, gather data, and compile database for a group of nations throughout the quarter (due dates and module overview at end of syllabus). The research will serve as the basis for the individual paper (market opportunity assessment paper). This continuous project will be discussed in the class on a regular throughout the quarter. Exams Two term tests and a cumulative final exam. Grading Class and group participation Individual assignments Group research modules (6 points for each module) Market opportunity assessment Term tests (20 points each) Final exam Total 15 points 15 points 30 points 20 points 40 points 20 points 140 points

Attendance Attendance is mandatory and professional behavior expected (punctuality, preparedness, attentiveness, etc.). Not only will each absence affect your participation grade, but in addition, unless there are extraordinary circumstances, students will have their overall grade reduced by 7 points for each absence in excess of two. Test Make-up Make-up term tests only for a legitimate medical reason or a reason presented in advance and agreed to by the instructor.

Academic Dishonesty Students are expected to uphold standards of intellectual and academic integrity. The policy forbids activities such as plagiarism, cheating on exams and/or assignment, unauthorized collaboration, falsification, and multiple submissions. Plagiarism is any representation of anothers work as your own. Failing to appropriately cite (e.g., by using quotation marks, parenthetical citations, footnotes) your sources (e.g., text or ideas from websites, textbooks, or other sources) is also considered plagiarism. Any form of academic dishonesty, will result in F for the assignment or tests, and may also result in a grade of F for the course, or even expulsion from the university. Not understanding what counts as academic dishonesty is not an excuse. For additional information on academic dishonesty, you can visit this RIT website: http://www.rit.edu/studentaffairs/studentconduct/rr_academicdishonesty.php. ADA Statement See myCourses for RIT statement regarding ADA. Cell Phones Please turn cell phones off during class. Exceptions may be permitted in extraordinary circumstances. No use of cell phones during tests. Laptops No use permitted during lecture/discussions/cases. Calculators May be used during tests as needed. Tentative Schedule Date Introduction Week 1 Topic Course Overview, Globalization, Global Participants Text Chapter 1 Chapter 3 Chapters 3, 2, 4 Chapters 2, 4

The Environment: National Business Environments Week 1 Cross-Cultural Aspects Week 2 Week 3 TEST Cross-Cultural Aspects, Political and Legal Factors, Economic Factors Political and Legal Factors, Economic Factors Term test 1 on above material upon completion

The Environment: International Trade and Investment Week 4 Trade Theory Week 5 Week 6 TEST Trade Theory, FDI Theory, Government Policy FDI Theory, Government Policy, Global and Regional Integration

Chapter 2 Chapter 2 Chapter 2, 5

Term test 2 on above material (since test 1) upon completion Chapters 6, 7

The Environment: International Financial System Week 7 International Monetary System,

Foreign Exchange, Capital Markets Week 8 Foreign Exchange, Capital Markets Chapter 7

The Firm: International Business Management Week 9 Strategy and Organization Week 10 Final Exam Week 11 Entry Mode Review 5/14 Final Exam, 8:00-10:00

Chapter 10 Chapters 8, 9

Team Project/Group modules The content should cover the following: Module 1: Culture (due Mar 13) Components of culture Etiquette Cultural values (models, measures) Sociocultural factors Any additional factors Module 2: Legal and political (due Mar 20) Identification of political type Government in power, trends, implications Business regulations Identification of legal system Property rights, IPR Labor laws, worker/employer rights Product laws Any additional factors Module 3: Economic (due Apr 3) Identification of type of economic system Economic descriptors (GNI, GDP, per capita, etc.) Technological Environmental Competitiveness Major industries (identification, data, method to determine, ) Indigenous firms (major indigenous competitors in the major industries (identification, data, overview, ) Foreign firms in the local market (major foreign competitors in the major industries (identification, data, overview, ) Economic clusters (major) Industry specific factors (Porters diamond) Any additional factors Module 4: Trade and FDI policy, REI (Apr 17) Country trade policies, trade data Country FDI policies, FDI data Regional trade agreements (data, overview, ) Any additional factors

Module 5: Financial and additional factors (due May 1) Banking Stock and debt market Exchange rate regime, exchange rates, trends Any additional factors

Each module should provide the data, information, facts and factors of the elements of the business environment and include the supporting evidence. This will be the research material for the individual market opportunity assessment paper. Individual Paper Expectations: The individual market opportunity assessment paper (due May 8) will use the data and relevant information gathered from the above modules. The structure of the paper must confirm to one (or more) of the frameworks presented in Chapter 8 of the text. The paper should relay to the reader an understanding of the opportunities and risks of conducting business in the studied nations overall and in the context of the alternative energy industry. This should include an evaluation of the advantages and disadvantages of competing in this industry in your region of study. The paper should present a clear analytical comparison of the nations in your region and substantiate your position in selecting the optimal nation to conduct business. The list of nations is: Germany, France, Italy China, India, Indonesia Vietnam, Malaysia, Philippines South Korea, Japan, Australia Czech Republic, Poland, Hungary Mexico, Canada, United States Turkey, Russia, Spain Brazil, Argentina, Chile South Africa, Egypt, Nigeria