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2020-2021 Catalog [ARCHIVED CATALOG]

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BUS 245 - International Business


Credits: 3
3 Lecture Hours

Description
An introduction to international business that will cover topics of international finance, international marketing, international management and international human resource management. Several parts of the world will be highlighted to allow the student an opportunity to see the differences in conducting business from country to country. The course will also cover terminology specific to international business.
Learning Outcomes
Upon successful completion of the course, the student will:

  1. Compare and contrast the difference between business practices in the United States and internationally.
  2. Identify and recognize the financial, political, legal, and other risks in conducting international business.
  3. Identify and explain the cultural, social, religious and language barriers that must be acted upon in international business.
Listed Topics
  1. Establishing the difference between domestic and international business.
  2. International finance including the currency exchange rate.
  3. A review of the World Bank and the International Monetary Fund and their purpose in the world economy.
  4. Host country, home country, and third country relations.
  5. The variations in marketing the product covering both the legal aspects and the country’s customs.
  6. The major difference which exist among employees from different countries including the impacts of unions, country specific legal systems, technology, and the work ethics of various countries.
  7. The impact using more than one language has on the ability of firms to transact business.
  8. Overseas management efforts and the effects and issues including repatriation.
  9. World sourcing and collaboration of multinational firms with their subsidiaries, joint venture partners, and foreign investors.
  10. Political risk and methods to reduce them.
  11. The impact the triad has on business in the world.
  12. The European Union focusing on Germany, France, and the United Kingdom and their impact on world trade
  13. The Pacific Rim countries and the jmpact they have and will have in the future with special attention placed on Japan and South Korea.
  14. The impact South America and Africa will have on international business.
  15. A review of NAFTA and what this will mean to U.S. firms and workers.
  16. The infrastructure problems and tax change in the international market.
  17. The unique logistical challenges international business creates.
Reference Materials
Current textbook.
Supplementary materials such as study guides, videos, handouts, library resources.
Approved By: Sutin, Stewart Date Approved: 02/25/2005


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