Topic outline

  • Welcome Message

    Welcome to International Business


    • Course Information:
      Course Name: International Business
      Course code : BUS-305
      Credits: 3


      Instructor's Profile:
      Instructor's Name: Shah Noor Rahman
      Designation:  Assistant Professor

      Contact Number: +8801326241742
      E-mail : shahnoor@daffodilvarsity.edu.bd

  • Course details and Evaluation Methods

    Course Description:

    International Business is an authoritative and engaging voice on conducting business in international markets. The course builds upon the theory and practice of international business to grasp the international business sense. This aims to provide students with practical information and theoretical knowledge relating to international trade and to discuss practical issues that business managers face in international business situations. This course offers insights into methods and activities that help identify and define opportunities for international business.

    Learning Outcomes:

    Upon successful completion of the course students will be expected to:
    1. Understand globalization and international business and show how they affect each other.
    2. Recognize the main drivers, culture and market analysis of globalization.
    3. Understand why companies engage in international business and why international business growth has accelerated.
    4. Discuss globalization’s future and the major criticisms.
    5. Become familiar with different economic, political and legal system in which a company can accomplish its global Objectives.

    Course Contents: 

    1. Globalization
    2. National Differences in political Economy
    3. Political Economy and Economic Development
    4. Differences in culture
    5. International Trade Theory
    6. Foreign Direct Investment
    7. Regional Economic integration
    8. The Global monetary System
    9. The Strategy of International Business
    10. Exporting, Importing and Countertrade
    11. Global Marketing and R&D


  • Chapter-1 (Globalization and International Business)

    Globalization and International Business

    Globalization - Rise of Networks - YouTube

    Chapter Objectives:

    After reading this chapter, students will be able to -

    1. Understand what is meant by the term globalization.
    2. Recognize the main drivers of globalization.
    3. Describe the changing nature of the global economy.
    4. Explain the main arguments in the debate overs the impact of globalization.
    5. Understand how the process of globalization is creating opportunities and challenges for management practices.

    Chapter Contents:

    1. Introduction
    2. Concept of  globalization
    3. The emergence  of  global  institutions
    4. Drivers  of globalization
    5. The changing demographics of the global economy
    6. The  Globalization  debate
    7. Managing in the global marketplace.

    Slides of chapter-1 (Globalization and International Business) (Click Here)

  • Chapter-2 (National Differences in political Economy)

    National Differences in Political Economy

    Chapter Objectives:

    After reading this chapter, students will be able to -

    1. Understand how the political systems of  countries differ.

    2. Understand how the economic systems of countries differ.

    3. Understand how the legal systems of countries differ.

    4. Be able to explain what determines the level of economic development of a nation.

    5. Discuss the macro-political and economic changes taking place worldwide.

    6. Describe how transition economies arte moving toward market based systems.

    7. Articulate the implications for management practice of national difference in political economy

    Chapter Contents:

    1. Political systems
    2. Economic systems
    3. Legal systems
    4. Individualism and collectivism
    5. Democracy and totalitarianism
    6. Communism and democracy


  • Chapter-4 (Differences in Culture)

    DIfferences in Culture

    Chapter Objectives:

    After you have read this lesson you should; Know what is meant by the culture of a society. Identify the forces that lead to differences in social culture. Identify the business and economic implications of difference in culture. Understand how differences in social culture influence values in the workplace. Develop an appreciation for the economic and business implications of cultural change.

    Chapter Contents:

    1. How do cultural differences affect integration business.
    2. What is culture?
    3. How are culture. Society, And the nation-states related?
    4. What determines culture?
    5. What is a social structure?
    6. What is social stratification?
    7. How do religious and ethical systems differ?
    8. What is the role of language in culture?
    9. How does culture impact the workplace?
    10. Does culture change?
    11. What do cultural differences mean for managers?


  • Chapter-5, Ethics, Corporate Social Responsibility and sustainability. .

    Ethics, Corporate Social Responsibility and sustainability


    Chapter Objectives:

    After reading this lesson, students will be able to-Understand what is meant by Ethics, Corporate Social Responsibility and sustainability. 
    .

    Chapter Contents:

    1.What is ethics, CSR and sustainability?
    2.Ethical Dilemma 
    3.Roots of ethical .
    4.Roots of unethical practice
    5.Corporate social responsibility
    6.Sustainability


  • Chapter-6 (International trade theory)

    International Trade Theory


    Chapter Objectives:

    After reading this lesson the students will be able to; Understand why nations trade with each other. Be familiar with the different theories explaining trade flows between nations. Understand why many economists believe that unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system. Be familiar with the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain industries. Understand the important implications that international trade theory holds for business practice.

    Chapter Contents:

    1. Why is free trade beneficial?
    2. Trade theory and government policy.
    3. What is mercantilism?
    4. Theory of absolute advantage.
    5. Theory of comparative advantage.
    6. The product life cycle theory.
    7. What is new trade theory?
    8. The implications of new trade theory for nations
    9. Porter’s diamond of competitive advantage?
    10. Does porter’s theory hold?
    11. What are the implications of trade theory for managers?
    12. What is the  balance of payments?https://elearn.daffodilvarsity.edu.bd/pluginfile.php/2630814/course/section/571006/Chapter-6%20%28International%20Trade%20Theory%29.ppt

    Slides of chapter-6  (Click Here)

    • Lesson: 1 (One)

      Lesson objective:

      After reading this lesson the students will be able to; Understand why nations trade with each other. Be familiar with the different theories explaining trade flows between nations. Understand why many economists believe that unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system.

      Lesson contents:

      1.Why is free trade beneficial?
      2.Trade theory and government policy.
      3.What is mercantilism?
      4.Theory of absolute advantage.
      5.Theory of comparative advantage.
      6.The product life cycle theory.


      Slides of chapter-6, Lesson-1 (Click Here)
      Recording of chapter-6, Lesson-1
      Recording of chapter-6, lesson-1 (Interactive)


    • Lesson: 2 (Two)

      Lesson objective:

      After reading this lesson the students will be able to; Be familiar with the arguments of those who maintain that government can play a proactive role in promoting national competitive advantage in certain industries. Understand the important implications that international trade theory holds for business practice.

      Lesson contents:

      1.What is new trade theory?
      2.The implications of new trade theory for nations
      3.Porter’s diamond of competitive advantage?
      4.Does porter’s theory hold?
      5.What are the implications of trade theory for managers?
      6.What is the  balance of payments?

      Slides of chapter-6, Lesson-2 (Click Here)
      Recording of chapter-6, Lesson-2
      Recording of chapter-6, lesson-2 (Interactive)



    • Discussion Forum for Chapter-5
      View



      What are the functions of FDI?

  • Chapter-8 (Foreign Direct Investment)

    Foreign Direct Investment


    Chapter Objectives:

    After reading this chapter, students will be able to -

    Understand about foreign direcet investtment and its types. The students also know about the Form of FDI: Greenfield versus acquisition. Moreover, they will be able to know about what are the patterns of FDI.

    Chapter Contents:

    1. What is Foreign Direct Investment?
    2. Foreign Direct Investment (FDI)
    3. FDI v's FPI
    4. Foreign Direct Investment in the World Economy (Flow v’s Stock)
    5. The Direction of FDI
    6. Form of FDI: Greenfield versus acquisitions
    7. The majority of cross-border investment involves mergers and acquisitions rather than greenfield investments because: 
    8. The Pattern/Nature of FDI
    9. What Is FDI?
    10. Why Do Firms Choose Acquisition Versus Greenfield Investments?
    11. What Are The Patterns Of FDI?
    12. What Is The Source Of FDI?
    13. Why Choose FDI?
    14. What Are The Theoretical Approaches To FDI?
    15. What Does FDI Mean For The Host Country?
    16. What Does FDI Mean For The Home Country?
    17. How Does Government Influence FDI?
    18. What Does FDI Mean For Managers?



  • Chap 10_Foreign exchange market


    Chapter objective:

    Give an idea about Foreign exchange market, How it works, Functions of Foreign exchange market, theories of Exchange Rate Determination etc.

    Learning Contents:

    • Foreign exchange market, 
    •  Functions of Foreign exchange market
    • , theories of Exchange Rate Determination etc.

  • Chap 13_Strategy of International Business


    Chapter objective: 

    To give an idea about Strategy of International Business,  the  firm,  Global   expansion, profitability and profit growth, Cost pressures and pressures for  local responsiveness,  Choosing a strategy for making decision etc.

    Chapter content:

    • Strategy of International Business, 
    •   Global   expansion, profitability and profit growth, 
    • Cost pressures and pressures for  local responsiveness,  
    • Choosing a strategy 


  • Chapter-16_Export, Import & Countertrade




    Chapter Objectives:

    After reading this chapter, students will be able to -

    Understand about Exporting, importing & countertrade and Exporting remains a challenge for many firms. They also know about How can exporters improve their performance and Export and Import Financing. Moreover, They also learn about Draft, Types of draft, and Types of Draft.

    Chapter Contents:

    1. Exporting, importing & countertrade
    2. Exporting remains a challenge for many firms
    3. Promise and Pitfalls of Exporting
    4. Pitfalls for Exporting
    5. How can exporters improve their performance?
    6. An International Comparison
    7. Advantages of EMCs
    8. Export Strategy
    9. Export and Import Financing
    10. Lack of Trust
    11. Letter of Credit
    12. Steps involved in Letter of Credit
    13. Draft, Types of draft, and Types of Draft
    14. Bill of Lading
    15. Some examples of Countertrade
    16. Compensation or Buyback
    17. Pros and Cons of counter-trade
    18. Countertrade is unattractive because


  • Chap 17_ Global Production and Supply Chain Management


    Chapter Objective:

    To give an idea a Global Production and Supply Chain Management: Strategy, Production, and Supply Chain Management; Where to produce, Flexible Manufacturing and Mass Customization, Locating Production Faculties, Global Supply Chain Functions, Managing a Global Supply Chain.

    Chapter content:

    • Global Production and Supply Chain Management:
    •  Strategy, Production, and Supply Chain Management; 
    • Where to produce, 
    • Flexible Manufacturing and Mass Customization,
    •  Locating Production Faculties, G
    • lobal Supply Chain Functions, 
    • Managing a Global Supply Chain.

  • Assignment

  • Presentation



    • Dear Students!!!
      Please check the Rubrics for your Presentation


       

      Excellent (100%)

      Good (75%)

      Beginner (25%)

       

      Content (2.5)

      Content is accurate and all required information is presented in a logical order.

       

      Content is accurate but some required information is missing and/or not presented in a logical order, but is still generally easy to follow.

      Content is questionable. Information is not presented in a logical order, making it difficult to follow

       

      .

      Presentation

      Skills (2.5)

      Well-rehearsed.  No pronunciation errors or other mistakes.

      General level of rehearsal.  Few pronunciation errors or other mistakes.

      No rehearsal indicated. Too many pronunciation errors or other mistakes.

       

      Appearances, Expression, Body Language (2)

      Presentation is attractive and interesting to the viewers.

      Presentation is somewhat appealing to the viewers.

      Little to no attempt for making presentation interesting

       

      Dress Code(1)

      Maintain formal dress code properly

      Did not maintain proper Dress code

      Totally informal and casual look