Download HONORS INTERNATIONAL BUSINESS

HONORS INTERNATIONAL
BUSINESS
Presented By: Cindy Yingling
Business, Computer, and Information
Technology Department
Honors International Business
Semester/Full Time
Honors Wt.
Grades 11, 12
Credit .5
Honors International Business will provide an up-to-date and
complete exploration of international business issues and
practice. With a strong foundation of international business
theory, this course will include current examples, cases and
insights showing how global businesses apply these concepts.
Controversies in international business will be reflected upon,
as will the impact of international business practices on
countries, corporations and individuals. The course will
examine the role and impact of culture and also includes the
exploration of numerous current world maps; helping students
develop and refine a global perspective. This course adopts a
truly global approach with attention given to topics that are
critical to the international manager in the global business
environment. Any student planning further study in
International Business or Business in general or who has an
interest in this topic will benefit greatly from this course.
Criteria for Selection ‘B’ or better in prior Social Studies Course.
Honors International Business
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TEXTBOOK SELECTION
• Global Business, 1st Edition
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2009 copyright
Mike Peng - University of Texas at Dallas
Honors International Business
(Outline)
I. Globalizing Business
• International Business and Global Business
• Why Study Global Business?
• A Unified Framework
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One Fundamental Question
An Institution-Based View
A Resource-Based View
• What Is Globalization?
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Three Views of Globalization
The Pendulum View of Globalization
Semiglobalization
• Global Business and Globalization at a Crossroads
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A Glance of the World Economy (GDP, GNP/GNI)
The Globalization Debate and You
II. Understanding Formal Institutions: Politics,
Laws, and Economics
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Formal and Information Institutions
What do Institutions Do
An Institution-based View of Global Buisness
Two Political Systems
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Democracy
Totalitarianism
Political Risk
• Three Legal Systems
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Civil Law, Common Law, and Theocratic Law
Property Rights
Intellectual Property Rights
• Three Economic Systems
• Debates and Extensions
• Management Savvy
III. Emphasizing Informal Institutions:
Cultures, Ethics, and Norms
• Where Do Informal Institutions Come From?
• Culture
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Definition of Culture
Language
Religion
• Classifying Cultural Differences
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The Context Approach
The Cluster Approach
The Dimension Approach
Culture and Global Business
• Ethics
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Definition and Impact of Ethics
Managing Ethics Overseas
Ethics and Corruption
• Norms and Ethical Challenges
• Debates and Extensions/Management Savvy
IV. Leveraging Resources and Capabilities
• Understanding Resources and Capabilities
• Analyzing the Value Chain: In-house versus
Outsource
• Analyzing Resources and Capabilities with a VRIO
Framework
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The
The
The
The
Question
Question
Question
Question
of
of
of
of
Value
Rarity
Imitability
Organization
• Debates and Extensions/Management Savvy
V. Trading Internationally
• Why Do Nations Trade?
• Theories of International Trade
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Mercantilism
Absolute Advantage
Comparative Advantage
Product Life Cycle
Strategic Trade
National Competitive Advantage of Industries
Evaluating Theories of International Trade
• Realities of International Trade
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Tariff Barriers
Nontariff Barriers (NTBs)
Economic Arguments against Free Trade
Political Arguments against Free Trade
• Debates and Extensions/Management Savvy
VI. Investing Abroad Directly
• Understanding the FDI Vocabulary
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The Key Word is D
Horizontal and Vertical FDI
FDI Flow and Stock
MNE versus non-MNE
• Why Do Firms Become MNEs By Engaging in FDI?
• Ownership Advantages
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The Benefits of Direct Ownership
FDI versus Licensing
• Location Advantages
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Acquiring and Neutralizing Location Advantages
• Internalization Advantages
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Market Failure/Overcoming Market Failure through FDI
• Realities of FDI
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Political Views on FDI
Benefits and Costs of FDI to Host/Home Countries
• How MNEs and Host Governments Bargain
• Debates and Extensions/Management Savvy
VII. Dealing with Foreign Exchange
• Factors Behind Foreign Exchange Rates
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Basic Supply and Demand
Relative Price Differences and Purchasing Power Parity
Interest Rates and Money Supply
Productivity and Balance of Payments
Exchange Rate Policies
Investor Psychology
• Evolution of the International Monetary System
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The
The
The
The
Gold Standard (1870-1914)
Bretton Woods System (1944-1973)
Post-Bretton Woods System (1972-present)
International Monetary Fund (IMF)
• Strategic Responses to Foreign Exchange
Movements
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Strategies for Financial/Non-Financial Companies
• Debates and Extensions/Management Savvy
VIII. Capitalizing on Global and Regional
Integration
• Global Economic Integration
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Political/Economic Benefits for Global Economic
Integration
• General Agreement on Tariffs and Trade: 19481994
• World Trade Organization: 1995-present
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Trade Dispute Settlement
The Doha Round: The “Doha Development Agenda”
• Five Types of Regional Economic Integration
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Pros and Cons for Regional Economic Integration
• Regional Economic Integration in Europe
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Origin and Evolution
The EU Today
The EU’s Challenges
• Regional Economic Integration in the Americas
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North American Free Trade Agreement (NAFTA)
Andean Community, Mercosur, FTAA, and CAFTA
VIII. Capitalizing on Global and Regional
Integration (con’t.)
• Regional Economic Integration in Asia Pacific
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Australia-Ne Zealand Closer Economic Relations Trade
Agreement (ANZCERTA or CER)
Association of Southeastern Asian Nations (ASEAN)
Asia-Pacific Economic Cooperation (APEC)
• Regional Economic Integration in Africa
• Debates and Extensions/Management Savvy
Honors International Business
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Course Delivery
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Textbook Chapters and Notes/PowerPoint's
Chapter Reviews and Tests
Case Studies (approx. 3 per Chapter)
Current Events
Videos/Speakers
Internet Research Activities (Enhance Content)
Country Research and Final Presentation
Class Website:
http://teachers.northallegheny.org/cyingling/intl/in
dex.html
HONORS INTERNATIONAL
BUSINESS
Thank You!