BUS 510 I NTERNATIONAL B USINESS Welcome Notes, Course Outline, Lesson plan and Lecture One.

Slides:



Advertisements
Similar presentations
Business in a Global Economy
Advertisements

Chapter 1 Globalization.
International Business
CLOUD Surname DNA Project. Genetic Genealogy A Report on The CLOUD DNA Project. Will be here at 3:00 this afternoon. Will be in 4 parts with drawing to.
Business in the Global Economy
International Business 9e
International Business
International Business 7e
International Business
Globalization Chapter One.
Absolute and Relative Quantities Week 4. The European Commission has just announced an agreement whereby English will be the official language of the.
3 Business in the Global Economy 3-1 International Business Basics
Chapter INTRODUCTION & OVERVIEW 1. McGraw-Hill/Irwin International Business, 5/e © 2005 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-2 Case:
Chapter 1 Globalization.
Chapter One Globalization.
Business in the Global Economy
Globalization.
Globalization and the Economy. What is Globalization?  The shift toward a more integrated and interdependent world economy  Two components:  The globalization.
STRATEGIZING AROUND THE GLOBE The International Business Environment Dr. Ellen A. Drost.
BUSN 361 International Business Dr. Kokila Doshi Professor of Economics.
5-1 International Business: Opportunities and Challenges in a Flattening World, 1e By Mason Carpenter and Sanjyot P. Dunung © Sanjyot Dunung 2011, published.
GE’s Key Growth Initiative Globalization is not only striving to grow revenues by selling goods and services in global markets. It also means globalizing.
EMBA BA 804 Managing the Enterprise from a Global Perspective Professor Ram Mudambi Department of General & Strategic Management.
Glossary of Key Terms balance of payments. An account of the flow of goods, services, and money coming into and going out of the country. capital. Money.
The United States & the Global Economy Chapter 5 Eco 2013 Fall 2007 Maria C Mari, CPA.
Presentation subhead EM410 – Unit 1 Introduction to Global Environmental Policy & Politics.
Chapter 1 GlobalizationGlobalization 1. What Is Globalization? The globalization of markets refers to; “The merging of historically distinct and separate.
Chapter 1 Understanding Globalization. 2 Objectives Understand what is meant by globalization. Be familiar with the causes of globalization. Changing.
What is globalization?  The free flow of goods, people, ideas, culture across international boundaries. Example: A Vizio flat panel TV is:  designed.
© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 3 SLIDE International Business Basics The Global.
ESSENTIAL Principles and FREE Global Etiquette Classrom Strategies Holly B. Smith University of North Texas.
Chapter 1 Globalization. © Prentice Hall, 2008International Business 4e Chapter Describe globalization Explain how globalization affects markets.
Chapter One Globalization McGraw-Hill/Irwin International Business, 6/e © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. Opening Case:
1 2 International Marketing and Exporting 3 Globalization The shift towards a more integrated and interdependent world economy. The shift towards a.
Lecture 07. Lecture Review  The Role Of Technological Change  The Changing Demographics Of The Global Economy  The Changing World Output and World.
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner.
To d a y Charles W. L. Hill Global Business Second Edition.
Cross Culture Work & International Résumés
 Global Village  Globalization  Developing World  Developed World  Interdependence  Homogeneity  Multinational Corporation  Free Trade  Downsizing.
TEKS 8C: Calculate percent composition and empirical and molecular formulas. Globalization.
What is Globalization?  The shift toward a more integrated and interdependent world economy.
Copyright ©2003 McGraw-Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea US EU Australia.
1 Chapter 1 Introduction to Business Environment.
Globalization Chapter 1 McGraw-Hill/Irwin
The Global Marketplace
Chapter INTRODUCTION & OVERVIEW 1. Case: Wal-mart’s global expansion Largest retailer in the world –Over 4500 stores International expansion in 1991begins.
Globalization.
Global Economic Development Ms. Thompson. Economic Expansion Post WWII The United States helped countries re-build and rebuild their economies after WWII.
Mahreen Mamoon. About Your Course Instructor Queen Mary, University of London, UK; University of Dhaka, Dhaka City College, Holy Cross School and 7 other.
Globalization and International Business Lecture 1
GLOBALIZATION Lecture 01. Introduction 2 The effects of this trend can be seen in the cars people drive in the food people eat in the jobs where people.
Welcome Notes, Course Outline, Lesson plan. Meet your faculty  Mahreen Mamoon, Assistant Professor, BBS. Teachers’ Trainer for British Council Connecting.
Globalization and International business. We experience international transactions daily Imports and exports reach even remote areas Technology and e-biz.
MODULE VI GLOBALIZATION / MNC/TNC EXIM Globalization is a process of interaction and integration among the people, companies, and governments of different.
Chapter 1 Trade and investment in a global economy
Objectives Describe the ways in which countries around the world are interdependent. Understand how international treaties and organizations make global.
INTRODUCTION & OVERVIEW
Globalization Chapter 1
INTRODUCTION TO GLOBAL TRADE & GLOBALIZATION
GLOBALIZATION Chapter 1 Md. Afnan Hossain
Global and Regional Economic Cooperation and Integration
Globalization.
What is Globalization? The shift toward a more integrated and interdependent world economy.
Chapter 1 Globalization.
International Business
Globalization.
Globalization Chapter 1
Etiquette is… ethical and socially acceptable behavior regarding professional practice or action among the members of a profession in their dealings with.
International Business 12e
International Business 7e by Charles W.L. Hill McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved.
Presentation transcript:

BUS 510 I NTERNATIONAL B USINESS Welcome Notes, Course Outline, Lesson plan and Lecture One

M EET YOUR FACULTY Mahreen Mamoon, Assistant Professor, BBS. BRAC University Teachers’ Trainer for British Council- Connecting Classrooms Project. PhD Research Fellow, University of Dhaka MSc International Management and Marketing, Queen Mary, University of London, UK BBA Marketing, Dhaka City College, Holy Cross School. Past Employers NSU, AIUB,, British Council, DHL Express [ ] QMUL, CPM Marketing, A240 Chiropractic Clinic, TfL, London Paper [ ] Life= Family+Career+Fun Flexible, Accommodating, Listening, Expects mutual respect

BUS 510- I NTERNATIONAL B USINESS This is an introductory course in international business. The objectives of this course are to provide students with an understanding of the key concepts of international business and to provide an insight into the role of international business in a multinational organization. In meeting these objectives, this course will: Knowledge and Understanding 1. Broaden their appreciation of international business topics in advanced markets and emerging markets as they relate to regional integration and globalisation and re-globalisation; 2. Enhance their understanding of how organizations go about entry and market location decisions; 3. Develop their necessary skills so as to be able to be involved in international operations within large and smaller firms; 4. Appreciate multiple perspectives of culture, business arrangements and organizational structure; and 5. Understand the ethics and environmental impact of global business activities. Communication Skills Provide students with the opportunity for continuing development of good inter-personal and communication skills, which is widely recognized as important for Business graduates; and Develop students’ abilities to analyse documentary material, to work in groups, and to write a group management report.

T OPICS Drivers of Globalization Ethics in International Business Business Across Culture International Negotiation MIDTERM Market Entry Strategies Foreign Direct Investment and Regional Integration International Strategies Marketing and Communication Strategies

Core Texts: Charles W L Hill. International Business. Recent Edition. Bring Lecture Printouts, take notes, refer to book chapters for examples that you can analyze local business All things related to the course – !!!

S ILLY L ITTLE Q UIZ

1. I N ALL BUT ONE OF THE FOLLOWING COUNTRIES IT IS EXPECTED THAT YOU BRING A GIFT TO A BUSINESS MEETING. I N WHICH COUNTRY IS IT NOT EXPECTED ? China Japan Czech Republic Denmark Bolivia

1. I N ALL BUT ONE OF THE FOLLOWING COUNTRIES IT IS EXPECTED THAT YOU BRING A GIFT TO A BUSINESS MEETING. I N WHICH COUNTRY IS IT NOT EXPECTED ? China Japan Czech Republic Denmark Bolivia

2. I N S AUDI A RABIA, WHICH IS CONSIDERED A POPULAR GESTURE OF FRIENDSHIP BETWEEN MEN ? a high-five holding hands while walking a handshake winking a hug or kiss on the cheek

2. I N S AUDI A RABIA, WHICH IS CONSIDERED A POPULAR GESTURE OF FRIENDSHIP BETWEEN MEN ? a high-five holding hands while walking a handshake winking a hug or kiss on the cheek

3. I N G REAT B RITAIN, TAPPING YOUR NOSE INDICATES THAT SOMETHING IS : confidential smelly inappropriate very important incredibly boring

3. I N G REAT B RITAIN, TAPPING YOUR NOSE INDICATES THAT SOMETHING IS : confidential smelly inappropriate very important incredibly boring

4. W HICH OF THE FOLLOWING IS / ARE ASSOCIATED WITH DEATH AND SHOULD NOT BE GIVEN AS GIFTS IN THE C HINESE CULTURE ? clocks straw sandals a handkerchief a stork or a crane all of the above

4. W HICH OF THE FOLLOWING IS / ARE ASSOCIATED WITH DEATH AND SHOULD NOT BE GIVEN AS GIFTS IN THE C HINESE CULTURE ? clocks straw sandals a handkerchief a stork or a crane all of the above

5. W HEN TREATING A CLIENT TO A BUSINESS MEAL IN C HINA, THE MOST APPROPRIATE TIPPING STRATEGY WOULD BE : 15% tip the more the better 20% tip no tip at all 50% tip

5. W HEN TREATING A CLIENT TO A BUSINESS MEAL IN C HINA, THE MOST APPROPRIATE TIPPING STRATEGY WOULD BE : 15% tip the more the better 20% tip no tip at all 50% tip

6. W HEN DOING BUSINESS IN I RAN, A WOMAN SHOULD COVER THEIR : Mouth Feet Eyes Arms and Legs Arms, Legs and Hair

6. W HEN DOING BUSINESS IN I RAN, A WOMAN SHOULD COVER THEIR : Mouth Feet Eyes Arms and Legs Arms, Legs and Hair

M ORE ?

You are trapped in a room. The room has only two possible exits: two doors. Through the first door there is a room constructed from magnifying glass. The blazing hot sun instantly fries anything or anyone that enters. Through the second door there is a fire-breathing dragon. How do you escape?

S EMESTER P LAN One topic one quiz Each Class contain a mini presentation Class to be seated in group settings at all times [round] Mid-Term after the end of 4 topics Final after 4 topics and group presentation

F INAL P ROJECT /P RESENTATION Each group will be given a random country to represent Make poster with house-hold items/hand made ONLY Pick a product/service of that country Pitch the Audience of your intension to do business in Bangladesh [If you got Sri Lanka youcan Propose to do Business of Ceylon Tea/Art/Tourism/Education/Outsourcing etc] Poster 10 marks+ Presentation 10 marks [20 marks]

Range of MarksGrade in LetterGrade Point A <90A <85B <80B <75B <70C <65C <60C <57D <55D <52D-0.7 <50F0.0 Grading Procedure ModesWeight Class Attendance5% Quiz20% Midterm examination20% Business Project15% Final Examination40% Total Marks100% Assessment

G ROUND R ULES Mutual Respect for the course, faculty, materials, quiz, presentations and ATTENDANCE Limited use of electronic gazettes [smart phones, unsmart phones, TAB, and the likes MUST not be on your desk/hand] Stay connected- No Facebook requests

G LOBALIZATION

G LOBALISATION Definition: An economic phenomenon? A social phenomenon? A cultural phenomenon? The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms.

G LOBALISATION Globalisation could involve all these things!

C LASS A CTIVITY Go through your belongings List down the ‘international’ items you are carrying Where did you get them from What are the local alternatives? Why didn’t you get the local alternatives?

W HAT IS G LOBALIZATION ?  The shift toward a more integrated and interdependent world economy  Two components:  The globalization of markets  The globalization of production

G LOBALIZATION OF P RODUCTION  Vizio flat panel TV is  designed in a small office in California  assembled in Mexico  From  panels made in South Korea  electronic components made in China  microprocessors made in the U.S.

N OT JUST MANUFACTURING …  Globalization of production has historically been about manufacturing  Increasingly companies are using modern communications to outsource service activities to low-cost nations

G LOBALIZATION OF MARKETS  In the past, each country had its own companies in many industries and its own products  I never saw Japanese media (and I saw little non-US media) in college

T ODAY EVERYONE KNOWS … Nintendo Starbucks Coca-Cola Ikea McDonald’s Samsung

B UT THE MOST GLOBAL MARKETS ARE FOR STANDARD GOODS  Aluminum  Wheat  Microprocessors  Aircraft  For many consumer end-products, huge differences still exist among national markets  Entertainment, food, clothing

D RIVERS OF G LOBALIZATION Two factors underlie globalization “Decline in barriers to the free flow of goods, services, and capital” that has occurred since the end of World War II Technological change Two factors underlie globalization “Decline in barriers to the free flow of goods, services, and capital” that has occurred since the end of World War II Technological change

D ECLINING T RADE AND I NVESTMENT B ARRIERS During the 1920s and ‘30s, many of nations erected formidable barriers to international trade and foreign direct investmentinternational trade foreign direct investment Advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goods, services, and capital between nations. During the 1920s and ‘30s, many of nations erected formidable barriers to international trade and foreign direct investmentinternational trade foreign direct investment Advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goods, services, and capital between nations.

T HE R OLE OF T ECHNOLOGY  Lowering of trade barriers made globalization possible;  Technology has made it a transforming movement

G LOBALIZATION IS ACCELERATION OF TRENDS OF THE LAST 10,000 YEARS People lived for 250,000 years in hunter-gatherer bands Rise of agriculture 10,000 years ago led to rise of empires and nation-states Science and ‘enlightenment’ after 1680 produced global trade and empires Free trade and tech after 1980 produced globalization

T HE G LOBALIZATION D EBATE  Pro  Lower prices for goods and services  Economic growth  Increase in consumer income  Creates jobs (for many)  Countries specialize in production of goods and services that are produced most efficiently  Pro  Lower prices for goods and services  Economic growth  Increase in consumer income  Creates jobs (for many)  Countries specialize in production of goods and services that are produced most efficiently  Con  Destroys manufacturing jobs in wealthy nations  Wage rates of unskilled in advanced countries decline  Companies move to countries with fewer labor and environment regulations  Loss of sovereignty  Homogenized cultures  Con  Destroys manufacturing jobs in wealthy nations  Wage rates of unskilled in advanced countries decline  Companies move to countries with fewer labor and environment regulations  Loss of sovereignty  Homogenized cultures

M ANAGING IN THE G LOBAL M ARKETPLACE  Much of this course is concerned with managing an international business  i.e., any business with international  sales,  sourcing, or  Investment

M ANAGING AN INTERNATIONAL BUSINESS IS DIFFERENT  Countries are different  International transactions involve converting money into different currencies  Range of problems in an international business is wider and problems are more complex  International business must cope with different, conflicting government rules and systems  Different strategic approaches required

K EY TERMS An international business – any business with international sales, sourcing, or investment A multinational business – any business with productive activities in 2 or more countries A global business – a business that takes a global approach to production and sourcing (Coca-Cola, Intel)

T HE E MERGENCE OF G LOBAL I NSTITUTIONS  the World Bank which promotes economic development  the United Nations (UN) which maintains international peace and security, develops friendly relations among nations, cooperates in solving international problems and promotes respect for human rights, and is a center for harmonizing the actions of nations

F UN R EADING - Z E L ANGADZH OF ZE U ROP The European Commission has just announced an agreement whereby English will be the official language of the European Union rather than German, which was the other possibility. As part of the negotiations Her Majesty's Government conceded that English spelling had some room for improvement and has accepted a 5 year phase-in plan that would be known as "Euro-English". In the first year, 's' will replace the soft 'c'. Sertainly, this will make the sivil servants jump with joy. The hard 'c' will be dropped in favour of the 'k'. This should klear up konfusion and keyboards kan have one less letter. There will be growing publik enthusiasm in the sekond year when the troublesome 'ph' will be replased with the 'f'. This will make words like 'fotograf' 20% shorter. In the third year, publik akseptanse of the new spelling kan be expekted to reach the stage where more komplikated changes are possible. Governments will enkourage the removal of double leters which have always been a deterent to akurate speling. Also al wil agre that the horibl mes of the silent 'e' in the languag is disgrasful and it should go away. By the 4th yer peopl will be reseptiv to steps such as replasing 'th'with 'z' and 'w' with 'v'. During ze fifz yer, ze unesesary 'o' be dropd from vords kontaining 'ou' and similar changes vud of kors be aplid to oza kombinations of letas. After ziz fifz yer ve vil have a rali sensibl riten styl. Zer vil be no mor trubl or difikultis and evrivun vil find it ezi tu anderstand ech oza. Ze drem of an united Urop vil finali kum tru!

L ET ’ S S TART Age is just a few random numbers… Don’t be bothered