MBA 573 International Business

In today’s global economy, all business professionals need to have in-depth knowledge about the international business environment. This course considers the international market from a strategic systems perspective evaluating competition and emerging opportunities. Students will assess cultural, social and political forces, and governmental regulations that affect strategies and profit, and how internal functional operations, such as marketing, finance, operations, and human resources, need to adjust to international requirements. 

Credits

3

Outcomes

1. This course will prepare students to:
2. Define the meaning of international business and its importance in today’s globalized economy.
3. Identify the roles of various marketplaces in the world economy with respect to political, economic, socio-cultural, technological, legal & regulatory, and environmental factors and associated opportunities and risks.
4. Demonstrate an understanding of the world financial environment in terms of currency convertibility, exchange rate exposure, and methods of securing funds and their impact on businesses operating internationally.
5. Analyze the challenges of international strategic management and describe how companies should set overall international strategy.
6. Compare and contrast the rationale for trade versus direct foreign investment in evaluating operational choices.
7. Compare the benefits and limitations of various types of strategic alliances.
8. Consider how companies may need to adapt their functional operations to conform to international requirements, with reference to marketing, accounting, taxation, finance, operations, and human resources.
9. Assess different ethical dilemmas businesses encounter in the international environment.
10. Evaluate the facts of a business situation and make decisions by applying principles of international business