Delivered at:: Faculty of World Economy and International Affairs

Course type:: Compulsory course

When:: 4 year, 1, 2 module

Instructor

Shaposhnikov, Sergei

Full Syllabus

Abstract

This course introduces the student to the dimensions of international business. It covers globalization and international trade theory, government influence on the international business, international monetary and financial environment, the effects of cultural differences in global business, various forms of international business organizations and strategies. In addition, the diversity - unique government systems, laws and regulations, taxes, duties, currencies, practices, etc. are to be studied. It discusses the methods used in international business and transacting business across national boundaries, such as exporting, direct investment, joint ventures, outsourcing, etc. The role and impact of strategy and organization, market opportunities assessment on international business transactions are to be covered. Likewise, some aspects of international marketing, human resource management, financial management and accounting will be studied. In addition, the role and impact of regional development alliances such as USMCA, the EU, ASEAN will be discussed. The course is an interdisciplinary and integrates various aspects of international marketing, strategic management, economic integration, finance, cultural and political studies. To archive these objectives, students should fully utilize their knowledge of marketing, management, accounting, finance, statistics, economics and other courses within the business curriculum. To succeed in this course, students will have to take an active, participative role in the learning process. The course will attempt to reflect the type of interactive communication and analytical processes that typically occur in the business world as organizations struggle to achieve the objectives of their stakeholders in a competitive global environment and focuses on the types of cross-functional problems, processes, and decisions that are faced by managers in all types of organizations.

Learning Objectives

to provide you with education and training in international business.
to extend your knowledge and to broaden your skill base in preparation for future management roles, where you will have an input into the strategic direction and leadership of your prospective organization.
to develop your ability to apply knowledge and understanding of fundamental concepts relating to global strategy, risk and reputation, corporate diplomacy in a global context.
to enrich lifelong learning skills and personal development so that you may be able to conduct business with self-leadership and originality, and
to contribute to a better business and society at large.
to practice a professional oral presentation of research and recommendations (including effective use of visual aids).

Expected Learning Outcomes

to develop an understanding of the worldwide developments and foundations for international business and the cultural context for managing in an overseas environment.
ability to describe and explain trade and the investment environment in which international business transactions occur.
ability to examine the strategies and structures that firms adapt in order to compete effectively in the international business environment.
ability to examine the strategies and functions of international management in the areas of managing political risk, negotiations, planning, organizing international operations, decision making and controlling.
understanding of management in the areas of social responsibility and ethics in the era of globalization.

Course Contents

WEEK 1. ORIENTATION AND REVIEW OF MANAGEMENT ESSENTIALS
WEEK 2. INTRODUCTION AND OVERVIEW: GLOBALIZATION
WEEK 3. NATIONAL DIFFERENCES: DIFFERENCES IN CULTURE
WEEK 4. NATIONAL DIFFERENCES: ETHICS, CORPORATE SOCIAL RESPONSIBILITY, AND SUSTAINABILITY
WEEK 5. THE GLOBAL TRADE AND INVESTMENT ENVIRONMENT: INTERNATIONAL TRADE THEORY
WEEK 6-7. NATIONAL DIFFERENCES: NATIONAL DIFFERENCES IN POLITICAL, ECONOMIC, AND LEGAL SYSTEMS
WEEK 8. THE STRATEGY AND STRUCTURE OF INTERNATIONAL BUSINESS: THE STRATEGY OF INTERNATIONAL BUSINESS
WEEK 9. THE STRATEGY AND STRUCTURE OF INTERNATIONAL BUSINESS: THE ORGANIZATION OF INTERNATIONAL BUSINESS
WEEK 10-11. INTERNATIONAL BUSINESS FUNCTIONS: GLOBAL PRODUCTION AND SUPPLY CHAIN MANAGEMENT
WEEK 12. INTERNATIONAL BUSINESS FUNCTIONS: GLOBAL MARKETING AND R&D
WEEK 13. INTERNATIONAL BUSINESS FUNCTIONS: GLOBAL HUMAN RESOURCE MANAGEMENT
WEEK 14-15. STUDENT COHORT RESEARCH PROJECT PRESENTATIONS
WEEK 16. FINAL EXAM

Assessment Elements

Class participation
This course is designed to be a highly interactive class. The ability to contribute to an open discussion of ideas and to defend your position on a subject is an important ‘leadership’ skill that you can work on during this course.
Group Projects
Project #1- Group presentation on “National Differences in Political, Economic, and Legal Systems from the Position of Foreign Business” During Week 6 and Week 7, all student will deliver a presentation. In the beginning of the semester, groups will select a leader and a nation-state (country) of choice for this specific project. After discussing the selection with the instructor and acquiring the approval, each group will analyze the political, economic, and legal systems of the nation-state chosen from the position of foreign business and prepare a presentation to be delivered in class. Project #2- Group research project presentation and a written report During Week 14 and Week 15, all groups will deliver a second presentation on International Business. After the mid-term period, groups will select a leader (different from the 1st presentation) and a particular aspect of international business for research for this specific project. After discussing the selection with the instructor and acquiring the approval, each group will conduct research on the topic chosen and prepare a presentation to be delivered in class. For this research project, particular research question(s) must be developed beforehand and concrete results and conclusions should be reached as a group.
Examination
There will be the final written exam (not meant to be open book or group work). The exam will include multiple choice, open-ended questions and will be timed.

Interim Assessment

2022/2023 2nd module
0.2 * Group Projects + 0.3 * Group Projects + 0.4 * Examination + 0.05 * Class participation

Bibliography

Recommended Core Bibliography

Golo, J. (2015). International Business: Competing in the Global Marketplace. Economic Horizons / Ekonomski Horizonti, 17(1), 71–73. https://doi.org/10.5937/ekonhor1501073G

Recommended Additional Bibliography

Ghemawat, P. (2007). Redefining Global Strategy : Crossing Borders in a World Where Differences Still Matter. Harvard Business Review Press.
Ghemawat, P. (2011). World 3.0 : Global Prosperity and How to Achieve It. Harvard Business Review Press.
Peng, M. W. (2012). Global business. South-Western.

Bachelor’s Programme 'HSE University and Kyung Hee University Double Degree Programme in Economics and Politics in Asia'

International Business