The students will:
1. Identify the differences between domestic, foreign and international
2. Evaluate the opportunities and risks presented by international
trade, competition, and foreign investment.
3. Compare and describe the functions of international organizations
and monetary systems.
4. Evaluate the controllable and uncontrollable forces in a foreign
5. Perform and develop successfully as a manager in international
business by understanding and using foreign market assessment and
6. Identify the importance of crosscultural understanding and develop
a global perspective towards doing business.
1. The nature of international business. Its history, growth and
development, why international business is different, how it has
developed as a separate field of study, international trade and
foreign investment, theories of international trade and economic
2. The international environment. International organizations i.e., the
United Nations, the World Bank group, international monetary fund,
General Agreement on Tariffs and Trade, the European Community,
Organization for Economic Cooperation and Development. The
international monetary system and balance of payments.
3. Foreign environments. The physical, financial, political, legal,
competitive, labor, marketing, economic and sociocultural forces
present in a foreign environment.
4. How management deals with foreign environmental forces by utilizing
market assessment and analysis, export practices and procedures,
international marketing, East-West trade, financial management,
production systems, and labor relations policies.
5. Management tools. The strategic planning process, planning,
implementation, the global planning process. Organizing. International
division or global corporation? Characteristics of the "right"
organization. Controlling and staffing. Management evaluation,
subsidiary reporting. Selection, training, compensation and
retention of foreign employees and managers. Women in international
6. Comparisons of multinational and global corporations. American
multinational enterprises (MNE), foreign MNE's, the MNE and its
impact on foreign trade. Industrial espionage. Joint ventures.
Sources of international economic and financial information.
INTERNATIONAL BUSINESS: INTRODUCTION AND ESSENTIALS, 4th ed. by
Donald A. Ball and Wendell H. McCulloch, Jr., Homewood, IL: Irwin.