International Business and Foreign Market Entry Essay Example

Worldwide Business and Foreign Market Entry Essay Example Worldwide Business and Foreign Market Entry Essay Worldwide Business and Foreign Market Entry Essay Worldwide BUSINESS MANAGEMENT College of Business Administration Chung-Ang University Fall 2010 MW: 01:30 02:45 ( 404) Instructor: Dr. Changbum Choi Office:14th floor Business Administration Building Telephone:(02) 820-5583 (Office) E-mail Address:choilee @ cau. air conditioning. kr Eclasshttp://eclass. cau. air conditioning. kr - Office Hours:W: 3-4pm - Course Description Worldwide Business Management course is intended to help understudies in understanding the worldwide condition in which universal business happens, just as the job and conduct of the global firm as it reacts to the earth. The course plans to give understudies the information, abilities and sensitivities that assist them with overseeing business tasks all the more proactively in the tempestuous worldwide condition. This will be accomplished through talks, class conversations, and cases. Since this course is a blend of talks and business cases, solid understudy investment in the class conversation is required. Course Learning Objectives 1. Characterize worldwide business and talk about how it varies from household business. 2. Characterize and talk about key terms and ideas identified with global business. 3. Get an essential comprehension of the structure of the worldwide economy and the points of view of different entertainers in the worldwide economy. 4. Make all around contemplated proposals about how to address a significant number of the difficulties and openings prone to emerge in universal business. For instance, understudies would be relied upon to proficiently talk about the advantages and disadvantages of specific methods of entering national markets, of overseeing outside trade chance, and of choosing individuals for multifaceted groups. Different issues understudies will be required to find out about are plot in this schedule and will be tended to as the course advances. 5. Proficiently examine a portion of the key open strategy, moral, and ecological issues that are regularly associated with global business. 6. Furthermore, by finishing on course necessities you will have improved your composed and oral relational abilities and your capacity to work in groups. You will likewise have chances to turn out to be increasingly capable in utilizing the Internet for explore. Required Text and Materials 1. Case amp; Reading Packet Class Procedures (Method of Instruction) The substance of this course will be passed on through a blend of talks, conversations, and cases. Each approach in the blend is intended to create and expound on the substance of the alloted readings. Class gatherings will support understudy investment. In that capacity, understudies are normal: to proficiently examine the doled out readings to bring up issues they may have about alloted readings to take an interest in the class and case conversations You will be required to contemplate the doled out readings and to introduce your investigation and bits of knowledge to different individuals from the class. I do anticipate that understudies should show a decent handle of the ideas and issues tended to in this course and their importance to directors of global organizations. Keeping that in mind, it is prudent to take notes in class, in any case, in your perusing and in the talks and conversations attempt to focus on issues, patterns and connections as opposed to on remembering definitions and measurements. Assessment Students are relied upon to go to classes routinely since steady participation offers the best chance to ace the course material and add to study hall conversations. Any understudy who misses a class is answerable for acquiring notes from a schoolmate with respect to any adjustments in task, test dates, and materials shrouded in class conversation. Evaluating breakdown is as per the following: 1. Mid-term Exam 25 % 2. Last test of the year 30 % 3. Case introduction (in groups) 30 % 4. Test 15 % ____________________________________________________________ _____ Total100% Case Analysis for Group Presentation Because universal administration is a multidimensional test, we will utilize contextual analyses during the course. Each case will be introduced by a group that comprises of 4 to 6 individuals. The group introduction will be 40 minutes long and each part in the group ought to take an interest in the introduction. Prior to introduction, the group needs to submit PowerPoint slides looking into it dissected and introduced. A considerable lot of you may not be acquainted with case investigation, so the accompanying remarks are offered as a guide. Distinguish the issue: recognize a specific test introduced for the situation and address your remarks to a specific issue. This is a significant advance. The estimation of the rest of your examination relies on distinguishing a significant issue. 2. Offer answers for the issue: draw from the case a lot of doable arrangements. This progression assists with constraining your investigation to a limited arrangement of decisions. 3. Create rules for taking care of the issue: from the case material, express your way to deal with taking care of the issue. What are the important contemplations? How would you pick among the elective arrangements? This progression permits you to show your capacity to basically investigate the arrangement. Apply the models to the offered arrangements: in a direct way, build up a positioning of the offered arrangements. Make your proposal: your positioning will uncover a first best arrangement. State what conditions your answer relies upon, and maybe offer remarks with regards to how this arrangement can be actualized. Case Presentation Grading: case introductions and composed reports will be reviewed on a 100-point scale. More focuses will be given to case examinations that exhibited a comprehension of a key test for the situation, and present an enticing contention for your proposed arrangement. Shutting Note: The timetable and some other areas of this schedule are liable to change and improvement as the course unfurls. Calendar OF CLASSES AND ASSIGNMENTS ( FALL 2010 ) WEEK| DATE| TOPIC| READING ASSIGNMENT| 1| Sep. 1| Course Introduction| Class Orientation| Sep. 6| Case Study| Three Case Presentation| 2| Sep. 8| Foreign Market Entry| ? : (55? )* Liability of Foreignness* Competitive Advantage (Firm-explicit Advantage)| | Sep. 13| Foreign Market Entry| ? : (55? )* Liability of Foreignness* Competitive Advantage (Firm-explicit Advantage)| 3| Sep. 15| Foreign Market Entry| ? : - * How Is the Firm’s Competitive Advantage Created? * Article: Competitive Advantage of Nations †Michael Porter | | Sep. 20| Foreign Market Entry| ? : - * How Is the Firm’s Competitive Advantage Created? | 4| Sep 27| Foreign Market Entry| ? Passage Mode/Entry Timing| | Sep 29| ( I )Int’l Business Environment| ? Understanding MNCs (Who right? ), | 5| Oct. 4| ( I ) Int’l Business Environment| ? Globalization| | Oct. 6| ( I )Int’l Business Environment | ? Restriction/Regionalization| 6| Oct. 11| ( II )Int’l Financial Environment | ? Financial Exchange Rate Terminology (Exchange Rate, Appreciation/Depreciation) â€| | Oct. 13| ( II )Int’l Financial Environment| ? Financial Exchange Rate Terminology (Exchange Rate, Appreciation/Depreciation) â€| 7| Oct. 18| ( II )Int’l Financial Environment| ? Wellsprings of US Dollar gracefully and request Chapter 7| | Oct. 20| Mid-term Exam| | 8| Oct. 25| Mid-term Exam| | Oct. 27| | *Time for Group Meetings amp; Instructor Consultations onAssigned Cases| 9| Nov. 1| | *Time for Group Meetings amp; Instructor Consultations onAssigned Cases| | Nov. 3| Case Study| (1) Clearwater Seafoods| 10| Nov. 8| Case Study| (2) Splash Corporation(A): Competing with the Big Brands| | Nov. 0| Case Study| (3) Splash: Ready to Make Waves| 11| Nov. 15| Case Study| (4) ACH Challenge 1: Entering International Trade| | Nov. 17| Case Study| (5) Netcare’s International Expansion| 12| Nov. 22| Case Study| (6) Ribe Maskinfabrik A/S: Dveloping New Business Areas| | Nov. 24| Case Study| (7) Lundbeck Korea| 13| Nov. 29| Case Study| (8) Eli Lilly in India| | Dec. 1| Case Study| (9) Camron Auto Parts| 14| Dec. 6| Case Study | (10) Wil-Mor Tech| | Dec. 8| Case Study| (11) Carrefour China| 15| Dec. 13| | Reading Day| | Dec. 15| Final Exam| | 16| Dec. 20| Final Exam| | |ñ„