MGMT- 321 International Business – Suraj @ LUMS

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Lahore University of Management Sciences

                                  MGMT- 321 International Business
                                                            Fall Semester 2013
Instructor            Muhammad Ayaz
                             th
Room No.              4-19, 4 Floor SDSB Building
Office Hours          TBA
Email                 muhammad.ayaz@lums.edu.pk

Telephone             Ext: 5134
Secretary/TA          TBA
TA Office Hours       TBA
Course URL (if any)

Course Basics
Credit Hours                  04
Lecture(s)                    Nbr of Lec(s) Per Week   02                 Duration   1 Hour 50 minutes
Recitation/Lab (per week)     Nbr of Lec(s) Per Week                      Duration
Tutorial (per week)           Nbr of Lec(s) Per Week                      Duration

Course Distribution
Core                          -
Elective                      Elective
Open for Student Category
Close for Student Category

COURSE DESCRIPTION

The last two decades have witnessed unprecedented activity in the arena of international business. The world trade has
skyrocketed, foreign direct investments have ballooned and cross-border mergers & acquisitions have substantially increased.
Interestingly, the world is now staring at the prospects of a grim and lengthy recession, comparable only to great depression of
1930s, with many pointing fingers to the evils of globalization. Nonetheless, regardless of our love or hate for the interconnected
            st
world of 21 century, the businesses have no choice but to understand the mechanisms and intricacies of international business, in
order to operate effectively in today's seemingly turbulent markets.

The objective of this course is to provide the course participants an understanding of international business from a global and
multinational management perspective. The curriculum provides an understanding of the dynamics of international business. The
course mainly focuses on two areas  the environmental components of international business and the strategy & operations of
the multinationals in a changing global economy. The relevance of various issues to Pakistani businesses will also be debated,
wherever applicable.

This course has been designed to be challenging, and interesting. It deals with the contemporary topics, and also the concepts that
have been well established in this domain over the past couple of decades. The course requires prior understanding of basic
management principles. Therefore, students seeking enrollment must have taken the basic management courses.

Lectures and class discussion will be the principal method of instruction supplemented by videos and case studies to illustrate and
highlight particular aspects of international business. Class participation is strongly encouraged. Students will be evaluated on the
basis of their performance on tests, assignments, project, class discipline, attendance and participation.




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                                       Lahore University of Management Sciences
COURSE PREREQUISITE(S)

               Principles of Business Management



COURSE OBJECTIVES

                The objective of this course is to provide the course participants an understanding of international business from a
                global and multinational management perspective. The curriculum provides an understanding of the dynamics of
                international business. The course mainly focuses on two areas  the environmental components of international
                business and the strategy & operations of the multinationals in a changing global economy.


Learning Outcomes
                Upon completion of the course the students should be able to:

                       1.    Develop an understanding of the complexities of international business environments
                       2.    Examine how firms are managed and how they expand and compete in a global business environment
                       3.    Demonstrate necessary analytical skills to evaluate important factors that need to be accounted for in
                             international business decisions and strategies

Grading Breakup and Policy

Assignment(s):                 10%
Quiz(s):                       15%
Class Participation:           5%
Midterm Examination:           20%
Project:                       20%
Final Examination:             30%


Examination Detail

                Yes/No: Y
                Combine Separate:
  Midterm
                Duration:
   Exam
                Preferred Date:
                Exam Specifications:


                Yes/No: Y
                Combine Separate:
Final Exam
                Duration:
                Exam Specifications:


COURSE OVERVIEW




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                                  Lahore University of Management Sciences
Students are responsible for having read the chapters in accordance with the dates below. Read the material BEFORE coming to
class on the day it is to be discussed. Other reading materials may be assigned in addition to those in the schedule below, but these
will be mentioned at least one class period in advance

   Week/
                                                                        Recommended                           Objectives/
  Lecture/                        Topics
                                                                          Readings                            Application
  Module
                                           International Business- A Background

               Course Introduction and Overview of
        1      International Business                                                              To provide an overview of
                                                                                                   the process of globalization
                                                             Ch. 1 (Hill);                         and explain how it has
               Globalization and International               Friedman, Thomas. "It's a Flat        changed the global business
        2      Business                                      World, After All." The New            environment.
                                                             York Times Magazine, April 3,
                                                             2005
                                            International Business Environment


               International Environment: Political &        Ch-2 (Hill);
        3
               Legal

               International Environment: Economies          Ch-4 (Daniels)                        To understand the dynamics
        4       Global & Regional                                                                 of global business
                                                                                                   environment spanning
                                                                                                   political, legal, and cultural
                                                             Ch. 3 (Hill);                         arena and its implications for
               International Environment: Culture                                                  businesses.
                                                             Fox: `China's Changing Culture
        5
                                                             and Etiquette



        6
               Documentary: Brits Get Rich In China
                                    International Trade, Investment and Institutions

               International Trade Theory                    Ch- 5 (Hill); Porter: "The
        7                                                    Competitive Advantage of              To understand the different
                                                             Nations"                              perspectives on
               Government Influence on                       Ch- 6 (Hill)                          international trade and
        8
               International Trade                                                                 investment policies and
        9      Foreign Direct Investment                     Ch-7 (Hill)                           their implications. Also, this
               International Institutions and                Ch-8 (Daniels)                        section is set to familiarize
        10
               agreements                                                                          the students with the global
        11     World Financial Environment                   Ch-9 & 11 (Hill)                      monitoring and regulatory
        12     Documentary: Black Gold
                                                                                                   structures.
                                                                                                                                        3
                      Lahore University of Management Sciences
                     The Strategy and Structure of International Business

                                                Ch-12 (Hill);
13
     The strategy of International Business
                                                Ch-12 (Daniels);
     Assessing Emerging and Established         Kuemmerle: "Go Global or
14
     Market Opportunities                       Not"                           To introduce students with
                                                                               different global business
15                              MID TERM EXAM                                  strategies and their pros
     Entry Strategy and Strategic Alliances Ch- 14 (Hill); Osland, Taylor      and cons. Also, how
                                            and Zhou: "Selecting
                                                                               international business firm
                                            International Modes of Entry
16                                                                             can be matched to strategy
                                            and Expansion
                                                                               to improve the
                                                                               performance.
     Competing in Emerging Economies            Khanna & Palepu: "Strategies
                                                that fit the emerging
                                                markets", Khanna & Palepu:
                                                "Emerging Giants. Building
                                                World Class Companies in
17
                                                developing countries";
                                                "Emerging market
                                                multinationals: the
                                                challengers" Economist
                                                Jan10th, 2008
     The Organization of International          Ch-13 (Hill)
18
     Business
                                   International Business Operations

     Exporting, Importing, and                  Ch-15 (Hill)
19                                                                             To understand how
     Countertrade
     Global Production, Outsourcing, and        Ch-16 (Hill)                   operations in a global
20
     Logistics                                                                 business firm are managed.
21   Marketing Globally                         Ch-17 (Hill)
                                                Deshpande: "Why You Aren't
     Country of Origin Issues in                Buying Venezuelan Chocolate"
22
     International Business

23   Global Human Resource Management           Ch-18 (Hill)
                                   International Business and Society

24   Ethics in International Business           Ch-4 (Hill)
     Economic Imperialism                       Robins, Nick: Ch-2 of The      To familiarize the students
                                                Corporation that Changed the   with ethical issues in
25
                                                World; The East India          international business.
                                                Company: The company that
                                                                                                             4
                                     Lahore University of Management Sciences
                                                              ruled the waves, Economist
                                                              Dec 17th, 2011.
                Documentary: The World is Flat- The
         26
                other side of the outsourcing.
         27     Project Presentations
         28     Project Presentations


Textbook(s)/Supplementary Readings

Textbook:

Hill, Charles W. L., Wee C.H, Udayasankar, K. International Business: An Asian Perspective. New York, NY: McGrawHill/Irwin, 2012

Course Packet available at LUMS photocopier

Reference:

Daniels, John Day, Lee H. Radebaugh, and Daniel P. Sullivan. International Business: Environments and Operations. London [u.a.:
Pearson Education Internat., 2009.




Useful Information about Grading Scheme

CLASS CONTRIBUTION/ASSIGNMENTS

Participation: It is expected that students regularly attend class, arrive punctually to class, and remain up-to-date on assigned
readings. Note that you are expected to read the assigned readings before each class. This will facilitate meaningful discussion
about the material in the class. You are strongly encouraged to ask questions and make comments on the material. You are also
required to attend all group project presentations.
Your participation grade will reflect the degree to which you contribute to class, rather than simply whether you are physically
present. Excellent class participation is characterized by consistently attending class, arriving on time, contributing to discussions,
being well-prepared for the assignment, and demonstrating superior understanding and insight on the material. Good class
participation is characterized by consistently attending class, arriving punctually, contributing to class discussions, and being
reasonably prepared for the assignment, but only occasionally demonstrating superior understanding and insights on the material.
Average participation is characterized by consistently attending class and being punctual, but only occasionally contributing to
discussions and demonstrating superior understanding and insights on the material. Poor class participation is characterized by
tardiness, inconsistently attending class and contributing to class discussion, demonstrating a lack of preparation for the
assignment, and rarely demonstrating superior understanding and insights. The instructor will judge class contribution according to
his discretion.

Assignments: For assignments, the instructor may specify each student in the class to a group. Instructor will assign specific
assignments to the group that they are required to complete on time. On such assignment will be about Current Events. You are
expected to be aware of international current events. Starting the sixth week of class, members of a particular group (to be
assigned) will be responsible for researching the past week's world events, covering most regions of the world (i.e. East Asia,
Europe, Mexico/Latin America, North Africa/Middle East, South Asia/Southeast Asia/Australia, and Sub-Saharan Africa) and
presenting this to the class. Given that each group is responsible for covering the entire world, groups will decide which group
member will present the news about which region. In other words, each group member has a separate event from a separate
                                                                                                                                5
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