THE CHINESE UNIVERSITY OF HONG KONG DEPARTMENT OF MANAGEMENT

MGNT2510M Introduction to International Business

2013-2014 First Term Time: T uesday 10:30am 1:15pm Venue: Yasumoto Int'l Acad Park 505 Instructor: Wang Yangwen, Mandy Office: Rm. 833, Cheng Yu Tung Building Tel: 3943-7817 Email: yangwen@baf.cuhk.edu.hk Course email: mgnt2510m@gmail.com TA: Zhu Xiji, Ben Office: Rm. 841, Cheng Yu Tung Building Tel: 3943-1659 Email: xijizhu@baf.cuhk.edu.hk Tutorial: Anytime, but best by appointment via email

1. AIMS AND OBJECTIVES This course studies the nature and scope of international business. Contemporary international business theories, government policies and managerial practices will be introduced. Topics include international trade, foreign direct investment, global capital markets, and management strategies concerning production, marketing, human resources and financial management. These theories and concepts will provide you with a common language for discussing international business issues, as well as the tools necessary to evaluate and manage international business issues faced by real world companies. The concepts, frameworks, tools and insights learnt in this course are essential not only for general managers for multinational enterprises, but also for consultants and entry-level staff in this increasingly international business world. Course Goals: Grasp the glossary of international business Master key concepts and theories in international business
1

 Develop an understanding about the nature of international business, and be able to identify the complex dynamics of the world economy that shape the global competition among nations and firms. Get hands-on practice with applying the concepts and principles to identify major challenges and make managerial decisions in an international setting. Demonstrate cultural awareness and communication skills to work with a diverse group of people.

2. CORE TEXT International Business: An Asian Perspective, by Charles W L Hill, Chow- Hou Wee, & Krishna Udayasankar, 2012. McGraw-Hill. Available at the Commercial Press CUHK Bookstore. Other readings for your interest please refer to Appendix. Access to Course Information: BlackBoard (https://elearn.cuhk.edu.hk) All the lecture slides, class announcements, and grades can be accessed through BlackBoard. I highly encourage you to check BlackBoard on a regular basis.

3. TEACHING METHODS This course will be taught with a focus on the Asia-Pacific region, with frequent references to case and examples in other regions. A variety of teaching formats will be adopted throughout the semester: lecture, case discussion, video shows, and group discussions and presentations. Students are expected to read each chapter of the text before coming to class and be ready to discuss chapter materials in class. Hands-on experiences and teamwork are the dual foci of this course.

4. ASSESSMENT The final class grade will be computed in the following manner: Individual Class participation Test 1 Test 2 Group work Group country report and presentation Group company report Total

10% 15% 25% 25% 25% 100%

The due dates for assignments are non-negotiable and late work will be penalized. The approximate final grades distribution will be in accordance with the University Grade Distribution Policy. Please refer to the University Course Assessment Guidelines for Undergraduate Programs. ACADEMIC HONESTY: Students are expected to maintain the highest standards of academic integrity. Behavior that violates these standards is not acceptable. Examples are the use of unauthorized material, communication with fellow students during an examination, attempting to benefit from the work of another student and similar behavior defeats the intent of an examination or other class work. Cheating on exams, plagiarism, improper acknowledgement of sources in essays, and the use of a single essay or paper in more than one course without permission are considered very serious offences and shall be grounds for disciplinary action. All student assignments should be submitted via VeriGuide. Details may be found at http://www.cuhk.edu.hk/policy/academichonesty/ . Description of Assessment Individual Work (50%) i. Class Participation ( 10%)

Please plan to treat this course as an opportunity to practice the professionalism that will benefit you well during your career. Your professionalism grade, together with class attendance and participation, is a critical element of this class comprising 10% of your final grade. Please note that nonprofessional behavior (i.e., sleeping in class, chatting with your neighbors during the class time, showing up late to class, reading hard-copy or digital
3

materials other than those assigned for this class, leaving class early, failing to turn cell phones off, eating, rudeness, etc.) that creates a distraction is likely to inhibit both your own and your peers classroom learning. Students will be penalized 2 points a time for any of such nonprofessional behavior that inhibits the classroom teaching and learning. As the course is based on class activities and discussions, attendance and participation are crucial. Participation will be graded on the basis of the quantity and quality of an individuals contribution to class room discussion. In fact, we learn best when we are actively involved in the activity we are attempting to master. While our preference is to rely on voluntary participation, you will be randomly called upon at any time on any class day. Students are expected to prepare for class and to participate actively in discussions. Students will be penalized 2 points for each absence (ONLY except for documented illnesses and documented emergencies). Class participation will be graded according to the following scale: 9-10: Evidence of exceptional and careful advance preparation by taking a major role in pointing out new issues and new points of view in case discussions with fellow students REGULARLY. 7-8: Evidence of careful advance preparation by contributing an analysis and interpretation of some issues on several occasions. Some discussion with fellow students. 5-6: Evidence of advance preparation by contributing some factual details within an ongoing line of analysis on some occasions. 3-4: Very little participation or participation only by general agreement with ongoing discussion or participated only when directly asked by the instructor. 0-2: No participation, or frequent late coming or frequent early leaving or any other behavior that disrupts or distracts from class discussions/lectures. ii. Test 1 (20%) and Test 2 (25%)

Students will take two tests during the semester. The purpose of these tests is to assess key concepts and theories that have been discussed in classroom, textbook and assigned readings. Students should be familiar with all course materials even if they are not covered in classroom discussion. Format for tests: Test 1 (1 hour): True or False, Multiple Choices Test 2 (2 hours): True or False, Multiple Choices, 2 Short Essay questions
4

 The tests are closed-book, closed-notes. To ensure fairness in the class, make-up arrangements can be made in advance of the test with the professor if and only if you have a university excused absence. Make-up will be in essay format.

Group Work (50%) Group work is composed of Group Country Report and Group Company Project. The class will be divided into 6 groups of 3-4 persons each for the group work. Groupings of members should be diverse to reflect international. Students who are unable to find a group will be randomly assigned to a formed group by the professor. i. Group Country Report (25%: 15% in-class presentation + 10% written report)

Through Class 6-11, we will have Group Country Report and Presentation. Each group will deliver an oral presentation and submit a brief written report on one country among the G20. Each presentation will take 20 minutes presentation plus 15 minutes of Q&A. The presentation group will be in charge of presenting and leading the discussion of each topic. Everyone is required to present. The group representatives of the other groups will serve as the judges to evaluate the group presentation in the class. The final group presentation score is based on the average of the other groups evaluation scores on the presenting group. While content and quality of the analysis will represent the major portion of the criteria, overall presentation quality, style, and answers to class questions and presentation creativity will be evaluated as well. ii. Group Company Report (25%, written report)

This assignment will require you to select a firm originated from the country you conducted analysis in your Group Country Report (if you select a publicly listed firm, you are likely to obtain rich information about the firm from the annual report and other sources). Imaging that the company is going to expand internationally; you are requested to identify the opportunities and challenges of its international expansion, evaluate and decide your choice of which market to entre, the entry mode and the international business strategy you are going to adopt. A 2-page proposal is due on the 10th Class (12th Nov). The deadline for Group Country Report is 5:00pm on 10th Dec 2013.
5

More detailed requirements and guidelines of Group Country report and Group Company Report will be announced in the 2nd Class on 10th Sept.

5. COURSE POLICIES CLASSROOM BEHAVIOR: Classroom behavior that interferes with either the instructors ability to conduct the class or the ability of students to benefit from the instruction is not acceptable. Students engaging in improper classroom behavior may have points deducted from their total points in the course, or if the situation warrants be reprimanded to the universitys committee on student discipline. Everyone should come on time and NOT leave early. No chatting! Your peers would like to see your respects. LEAVE OF ABSENCE: Students are expected to come to lectures and participate in class activities and discussions. All leaves must be supported by university acceptable excuses. Make up test and assignment may not be given.

6. TENTATIVE CLASS SCHEDULE

Topic Class 1 Class 2 Class 3 Class 4 3 Introduction: Globalization and Sept. International Business 10 Country differences Sept. 17 Global integration & Business Ethics Sept. 24 Global monetary system Sept. 1 Public Holiday Oct. 8 Oct. 15 Oct. 22 Oct. 29 Oct. 5 Nov. 12 Nov. 19 Nov. 26 Nov. International Trade Foreign Direct Investment Global Financing

Activity

Readings Chapter 1 Ch2 & Ch3 Ch4 & Ch8 Ch9 & Chp10

Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12

test1 (Ch1-4 8-10) Country report - Group 1 Country report - Group 2

Ch5 & Ch6 Ch7 Ch11 Ch12 & Ch13 Ch14 Ch15 & Ch16 Ch17, Ch18, Ch19 & Ch20

International organization: Strategy and Country report - Group 3 Structure Foreign entry mode International operations Global Marketing, HRM, Accounting & Financial Management Feedback on company report proposal Country report - Group 4 Country report - Group 5 Country report - Group 6 test2 (Ch5-7, 11-20)

Appendix 1. Supplementary Readings Books John D. Daniels, & Lee H. Radebaugh, International Business: Environment and Operations, Prentice Hall. Ball & McCulloch, International Business: The challenge of Global Competition, McGraw-Hill. Rugman, Alan M & Richard M Hodgetts, International business: a strategic Management approach, McGraw-Hill Mike Peng, Global Strategy, Cincinnati: South-Western Cengage Learning (ISBN 0-324-59099-7) Journals Journal of International Business Studies Journal of World Business Harvard Business Review Business Week The Economist Fortune Newspapers The Wall Street Journal Asia South China Morning Post

Other readings may be assigned in class.