Your Undergraduate Programme Learning Goals At the end of your programme of study you will be: 1. Knowledgeable about the theory and practice of international business and management 2. Skilful in the use of personal, professional and managerial techniques and processes 3. Employable as graduates 4. Aware of ethical issues impacting on business and professional practice All of the learning that takes place within modules is designed to enable you to achieve the above goals and your assessment tasks are mapped directly to these goals as outlined in each assessment brief. OUTLINE STUDY PLAN 2016/17 SM380 Doing Business Globally & Internationally S01 Week Lecture Topic Seminar & Formative Feedback Recommended Reading Directed study 1a Introduction to the Module • Cavusgil, et al. (2017) - Core text Ch. 1 (32-55) • Browaeys & Price (3rd Edition page 143 onwards; 2nd Edition page 114 onwards; or 1st Edition page 95 onwards). www.geert-hofstede.com/dimentsions.html & www.hofstede.com/countries.html Prepare cultural self-analysis spider diagram and country profile for next week and bring to seminar. Browaeys & Price. www.geert_hofstede.com. Further details on Blackboard Week 2 section. 1b The Cultural Environment of International Business • Cavusgil, et al. (2017) - Core text Chs. 3 (pp. 84-113) • Deresky (2017) – Chapter 3 & 4 (pp. 106 – 181) 2a Globalization of Markets and International Business Developing cross cultural effectiveness analysis and discussion in teams for the module. FORMATIVE FEEDBACK for ASSIGNMENT Q3 & Q5 • Cavusgil, et al. (2017) - Core text Chs. 2 (pp. 56-83) Consider learnings so far for Assignment Q5. Make notes on personal significance and relevance to future international business. 2b Expert Lecture: Myths & Challenges of International Business – by Prof Pushkar Jha (See Blackboard for details). 3a Market Entry Strategies • Cavusgil, et al. (2017) - Core text Ch.14 & 15 (pp.408-463) Prepare CASE STUDY WORKSHOP for next week. Full instructions and case study materials accessible via Blackboard Week 4 section. 3b Expert Lecture: Global Entrepreneurship – By Prof James Cunningham (See Blackboard for details). 4a The fundamentals of raising finance for multinational enterprises, CVs & foreign subsidiaries CASE STUDY WORKSHOP: Baoshan Iron and Steel Co., Ltd: Crafting a Three Way Alliance in Asia. Details on Blackboard. FORMATIVE FEEDBACK Q1 & Q2. • Cavusgil, et al. (2017) - Core text Ch. 9 & 10 (260-286) • Moffet, M., Stonehill, A. & Eiteman, D. (2016) Fundamentals of Multinational Finance, Chapter 12, 13, 14 & 15. Consider learnings so far for Assignment Q5. Make notes on personal significance and relevance to future international business. 4b Expert Lecture: Cross-border financial services – Dr Nicholas Burton (See Blackboard for details). 5a Partnership Identification • Cavusgil, et al. (2017) - Core text Ch. 14 & 15 (408-438) Prepare case study answers example for next week to practise assignment analysis with focus on Q1, Q2 & Q3. Details on Blackboard 5b Expert Lecture: Dynamic Capabilities in International Expansion of Business – Dr. Chaminda Senaratne (Please see Blackboard for details). 6a Corporate risk management & multinational tax management Assignment practice seminar, focus on Q1 Q2 & Q3. Details on Blackboard) FORMATIVE FEEDBACK Q1, Q2, Q3. • Moffet, M., Stonehill, A. & Eiteman, D. (2016) Fundamentals of Multinational Finance, Chapters 9, 10, 11, & 14. • Stanley Works & Corporate Inversion (541-545) • Cavusgil, et al. (2017) - Core text Ch. 10 (286 - 315) Consider learnings so far for Assignment Q5. Make notes on personal significance and relevance to future international business. 6b Expert Lecture: Distance Imperatives in International Business – Dr. Sanjay Bhowmick (See Blackboard for details). 7a Government Intervention & Role of Institutions in International Strategy • Cavusgil, et al. (2017) - Core text Ch. 7 (198 - 229) Prepare finance seminar as directed on Blackboard. 7b Expert Lecture: Organized Crime, Corruption, Economic Growth & IB Environment – Dr. Maria Paola Rana (See Blackboard for details). 8a Due Diligence & Trade Documentation Lecture Finance Seminar related to Q4: Details on blackboard. FORMATIVE FEEDBACK Q4 • Cavusgil, et al. (2017) - Core text Ch. 12 (348 - 373) Read the Assignment Brief questions and marking criteria and prepare questions for next week Monday's lecture 8b Expert Lecture: Doing Business with Iran – Dr. Ali Shokri (See Blackboard for details). 9a Assignment Preparation: Presentation and Q&A See Blackboard for directed reading Prepare CASE STUDY WORKSHOP for next week. Full instructions and case study materials accessible via Blackboard Week 4 section. 9b Expert Lecture: International Investment and frontier economies - Dr. Roseline Wanjiru (See Blackboard for details). 10a Negotiating internationally and decision making CASE STUDY WORKSHOP: Carlsberg Entering Emerging Markets Details on Blackboard FORMATIVE FEEDBACK Q1, Q2 • Cavusgil, et al. (2017) - Core text Ch. 5 (182-222). • Browaeys, MJ & Price, R. (2016) Understanding Cross-cultural Management. Chapter 15 (374-386). Consider learnings so far for Assignment Q5. Make notes on personal significance and relevance to future international business. 10b Expert Lecture: Doing Business in China – By Dr Rose Quan (See Blackboard for details). 11a Global/ International HRM • Cavusgil, et al. (2017) - Core text Ch. 17 (492-520). • Deresky (2017) – Chapter 9 & 10 (pp. 372 – 435). • Browaeys, MJ & Price, R. (2016) Chapter 16 (388-403). Prepare "Actual Assignment" seminar as briefed on Blackboard, with focus on Q1. 11b Expert Lecture: Being First – Prof Jason Whalley (See Blackboard for details). 12a Corporate Governance in the International Context Actual Assignment feedback seminar as briefed on Blackboard, with focus on Q1. FORMATIVE FEEDBACK Q1. • Cavusgil, et al. (2017) - Core text Ch. 4 (114-141) • Ohmae, K. (1989) 'The Global Logic of Strategic Alliances', Harvard Business Review. 12b Dispute Resolution & Divorce Lecture • Browaeys, MJ & Price, R. (2016) Chapter 17 Academic Year: 2016/2017 Teaching Team Module Number: SM380 Dr. Richard B. Nyuur Dr. Lorraine Johnston Dr. Sanjay Bhowmick Dr. Roseline Wanjiru Dr. Rose Quan Invited Expert Lecturers from around the world Module Title: Doing Business Globally & Internationally Module Points: 20 Credits Core or Option: Option Module Tutor: Dr. Richard B. Nyuur Email: [email protected] Deputy Tutor: Dr. Roseline Wanjiru Email: [email protected] Module Background Information The module focuses on the issues that are important in International Business to Business transactions and relationships. The module concentrates on the similarities and differences that exist within business cultures in three most important geographic regions. The module also recognises the financial management issues that organisations face when developing new relationships. The Identification of new partners, the negotiation process, collaboration issues and the termination of agreements central to the module. Module Learning Outcomes At the end of the module the student will be able to 1. Recognise the critical issues that need to be addressed by organisations when entering in to a relationship with partners located in the triad of world economies. 2. Critically evaluate the relationships that exist between an organisation and its International Supply Chain partners. Aims of the Module The module aims to: 1. Develop a critical awareness of the issues organisations face when entering in to relationships with other organisations located in both a different segment of the International "triad" of economies and within the same "triad" segment. 2. Highlight the importance of the negotiation process in the formation of a international business relationship. 3. Develop an understanding of the financial assessments that need to be undertaken prior to entering and during an international business partnership. 4. Develop a critical awareness of the different relationship formats that are available to International Partners. 5. Highlight the importance of financial management within a business relationship and how critical this activity is to the long term success of a venture. 6. Develop a critical awareness of the importance of co-ordination and communication within the international value chain. 7. Develop a critical awareness of the life cycle of an international relationship. Approaches to Teaching and Learning and Formative Assessment Key concepts will be introduced in lectures and supported throughout with contemporary examples drawn from the three regions highlighted in the module title. Where appropriate colleagues from franchise and other partners located within those regions will be invited to deliver material. Seminars will encourage group work and the practise of research skills. Pre-prepared cases and individual research will provide material for presentation and debate in seminars, providing a forum for formative feedback. Group work will be encouraged in order to foster collaboration and team building skills. Students will be encouraged to form internationally diverse groups. The module will require both directed and independent learning. Directed learning will include directed reading and research in order to prepare for seminars and presentations. Guidance for these exercises will be given in classes and provided on the teaching and learning plan and on Blackboard. Additional independent learning will also be encouraged and will include reading newspapers and business journals and watching international documentaries. Formative assessment will take place through individual and group work in seminar classes and when reviewing case studies and other seminar tasks. Summative Assessment Assignment hand-in dates are determined by the Portfolio Programme Office and are communicated to students via notices and on blackboard. Summative assessment will take the form of a case study that will require the student to provide additional information by individual research. The case study and questions will be made available through Blackboard in due course. The student will also be required to present an analytical understanding of a current international business issues relate to personal development. Module Reading List Module Code: SM380 Module Title: Doing Business Globally & Internationally Module Tutor: Dr. Richard B. Nyuur [email protected] Deputy Tutor: Academic Year: Dr. Roseline Wanjiru [email protected] 2016/2017 Student Numbers: Varies by semester All the items listed are available in the University Libraries Library Catalogue http://librarycat.northumbria.ac.uk/TalisPrism/ Core text book - Recommendations for purchase • Cavusgil, S,et al.(2017) International Business: Strategy, Management & the New Realities, 4th Edition, Pearson. Supplementary text books • Deresky, H. (2017). International Management: Managing Across Borders and Cultures (9th edn.). Pearson. • Moffet, M., Stonehill, A. & Eiteman, D. (2016). Fundamentals of Multinational Finance (5th edn.). Pearson. • Madura & Fox (2016). International Financial Management, Thomson • Browaeys, MJ & Price, R. (2015). Understanding Cross-Cultural Management (3rd edn.). Pearson. Recommended Journal Articles • As detailed in the plan Journals • International Journal of Intercultural Relations • Academy of Management Journal • Academy of Management Review • Journal of International Business Studies • International Journal of Cross Cultural Management • Journal of World Business • Thunderbird International Business Review • Critical Perspectives on International Business Magazines and Newspapers • The Economist • The Financial Times • BBC News: www.news.bbc.co.uk/ • Business Week Recommended Databases • The World Bank: www.worldbank.org/ • The United Nations: www.un.org/news/ • International Business Statistics (Michigan State Univ.): www.globaledge.msu.edu/resourceDesk/ When completed please email this form to Lorna Hibbert, Information Specialist, Library and Learning Services: [email protected]