Lesson Plan
Week # 1 (Lecture 1 and 2)
The challenges of International Business
Lessons of this week provides an overview of the key issues to be discussed in Global Business. The challenges and opportunities to be faced by managers in multinational corporations. It also addresses the significance of international business in this era. How international business is different from past and how global markers and technology is enhancing globalization day by day.
Week # 2 (Lecture 3 and 4)
National Difference in Political and Economic Systems
This week’s lessons focus on national differences in political economy and culture International business. Many of the central issues in international trade and investment, the global monetary system, international business strategy and structure, and international business operations arise out of national differences in political economy and culture. To fully understand these issues, students must first appreciate the differences in countries and cultures.
Week # 3 (Lecture 5 and 6)
Ethical Issues in International Business
Many ethical issues are required to discuss at this juncture primarily because many ethical dilemmas flow out of national differences in political systems, economic systems, and culture. Ethics include Behavior and attitude toward not only their job but also towards the environment and people who make that environment.
Week # 4 (Lecture 7 and 8)
Political Economy of International Trade
Many macroeconomic and political issues are discussed from International trade theory and foreign direct investment flows to the IMF and the influence of inflation rates on foreign exchange quotations.It also investigates the political economy of international trade and investment. The purpose of this part is to describe and explain the trade and investment environment in which international business occurs.
Week # 5 (Lecture 9 and 10)
The Global Monetary System
Internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between nation states are discussed.
Economic Development.
Fixed Exchange Rate.
Reserve Currency.
Exchange Rate.
Foreign Exchange Market.
Balance of Payments.
Gold Standard.
Week # 6 (Lecture 11 and 12)
The Strategy and Structure of International Business
International business strategy refers to plans that guide commercial transactions taking place between entities in different countries. Typically, international business strategy refers to the plans and actions of private companies rather than governments; as such, the goal is increased profit.
Week # 7 (Lecture 13 and 14)
Case Studies of;
Coca-Cola
Diebold
JCB in India
IKEA
These cases were related to The Strategy and Structure of International Business.
Week # 8 (Lecture 15 and 16)
Importing and Exporting
Exporting is the sale of products and services in foreign countries that are sourced or made in the home country. Importing refers to buying goods and services from foreign sources and bringing them back into the home country.
Exports and imports are important for the development and growth of national economies because not all countries have the resources and skills required to produce certain goods and services. Nevertheless, countries impose trade barriers, such as tariffs and import quotas, in order to protect their domestic industries.
Week # 9 (Lecture 17 and 18)
Outsourcing and Logistics
Logistics Outsourcing can be defined as the strategic use of outside parties (business independency) to perform activities traditionally handled by internal staff and resources. To discuss the allocation of resources to your company in order to manage your supply chain.
Reducing operating costs: Cost efficiency is one of the most useful benefits of outsourcing. ... Save time: The outsourcing process not only provides your money but also save your valuable time. Free your employees from the daily stress of the logistics task so they can give more time to other needs of your company.
Week # 10 (Lecture 19 and 20)
Global Marketing and R&D
Global marketing involves planning, producing, placing, and promoting a business' products or services in the worldwide market. There is significantly more to global marketing than simply selling goods and services internationally.
Research and development – R&D – is the process by which a company works to obtain new knowledge that it might use to create new technology, products, services, or systems that it will either use or sell.
Week # 11 (Lecture 21 and 22)
Global Human Resource Management
Global human resource management is an umbrella term that includes all aspects of an organization's HR, payroll, and talent management processes operating on a global scale. It is the global strategic approach to the effective management of people in a company or organization such that they help their business gain a competitive advantage. It is designed to maximize employee performance in service of an employer's strategic objectives.
Week # 12 (Lecture 23 and 24)
Accounting and Finance in the International Business
Primarily targeted at international students, it is designed with a specific focus on accounting and finance in an international context, incorporating the advanced study of global Accounting and finance. The areas of emphasis are Financial Accounting, Managerial Accounting, Auditing, Taxation, Corporate and Commercial Laws, Finance, and Investments in International world.
Week # 13 (Lecture 25 and 26)
Case studies;
Building the Boeing 787
Adopting International Accounting Standards
Li & Fung
These case studies were discussed with reference to Business Operations
Week # 14 (Lecture 27 and 28)
Regional Economic Integration
Regional economic integration refers to efforts to promote free and fair trade on a regional basis. Free trade area is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves, but are free to independently determine trade policies with nonmember nations. Exemplary cases of NAFTA, ASEAN, SAARC, EFTA, EU etc.
Week # 15 (Lecture 29 and 30)
Foreign Direct Investment
A foreign direct investment is an investment in the form of a controlling ownership in a business in one country by an entity based in another country. It is thus distinguished from a foreign portfolio investment by a notion of direct control.
Examples of foreign direct investments include mergers, acquisitions, retail, services, logistics, and manufacturing, among others. Foreign direct investments and the laws governing them can be pivotal to a company's growth strategy.
Week # 16 (Lecture 31 and 32)
The Global Capital Market
A global capital market is the interlinking of various investment exchanges around the world that enable individuals and entities to buy and sell financial securities on an international level.
Global Markets handles all sales and trading activities on the primary and secondary markets (rates, credit, foreign exchange, fixed-income, securitisation and treasury) for products designed for corporates, financial institutions and large issuers.