IAF605 Week 1


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IAF605 Week 1

  1. 1. IAF 605 - International Business Management Week 1
  2. 2. Agenda Introductions Ice Breaker Expectations Textbook & Course Chapter 1 Resources Outline
  3. 3. Bhupesh Shah, MBA
  4. 4. How to reach me… phone/txt: 416.720.1205 or bhupesh.shah@senecac.on.ca Room TBD – by appointment Tuesdays or Wednesdays ethnicomm I ALWAYS make time for students! Please don’t hesitate to ask.
  5. 5. For Every Class, Please:
  6. 6. Chat show host and guest... Find out 3 interesting facts about your guest Switch the role and repeat Image source: http://www.flickr.com/photos/thehour/
  7. 7. What Do I Expect From You? Respect Hard work • Politeness • Read chapter • Honest, before class, do constructive homework feedback • Regular • Don’t speak when attendance others are • Participation speaking • Complete all • On-time for class assignments, on time
  8. 8. What do I expect from you? Participation • Ask questions • Answer questions • Give your point of view • Discuss, debate • Help others
  9. 9. Source: edutechie.ws (from “cone of learning” by Edgar Dale
  10. 10. Interactive Learning Process – Teams/Groups
  11. 11. Course Outline Weekly topic outline is Learning Outcomes are a guideline – changes what you should be will be announced and able to do posted on Blackboard (Course Information) Textbook: Internationals Business Modes of evaluation 13e (how you are graded) (Daniels, Radebaugh and Sullivan)
  12. 12. Weekly Outline
  13. 13. Textbook:
  14. 14. Modes of Evaluation Online Quizzes (multiple choice) 10% (best 10 of 11) Group Presentation (oral) 10% (May 26th) Mid-Term Exam (short answer/case questions) 30% (June 23rd) Group Assignment (written) 10% (July 6th) Comprehensive Final Exam (MC, short answer/case questions) 40% (week of August 15th)
  15. 15. Academic Honesty It is your responsibility to know, understand, and follow Seneca’s policies on Academic Honesty, which forbid: • Cheating • Plagiarism • Falsification • Impersonation • Procurement
  16. 16. Academic Honesty Penalties: 1st offence: “Zero” grade on the test or assignment 2nd offence: “F” in the course, plus suspension from the College for at least 3 terms Image source: http://www.flickr.com/photos/laguna172/
  17. 17. Break 5 minutes
  18. 18. Why study International Business? Most companies are either international or compete with international companies Modes of operations may differ from those used domestically The best way of conducting business may differ by country An understanding helps you make better career decisions An understanding helps you decide what government policies to support
  19. 19. Chapter 1 Objectives • To define globalization and international business and show how they affect each other • To understand why companies engage in international business and why international business growth has accelerated • To discuss globalization’s future and the major criticisms of globalization • To become familiar with different ways in which a company can accomplish its global objectives • To apply social science disciplines to understanding the differences between international and domestic business
  20. 20. Definition of Globalization The broadening set of interdependent relationships among people from different parts of a world that happens to be divided into nations
  21. 21. Definition of International Business All commercial transactions - including sales, investments, and transportation - that take place between two or more countries
  22. 22. Objectives and Means (Figure 1.1, page 6) Copyright © 2009 Pearson Education, Inc. publishing as Prentice Hall
  23. 23. Seven Factors in Increased Globalization
  24. 24. The Criticisms of Globalization 1. Threats to national sovereignty. 2. Economic growth and environmental stress. 3. Growing income inequality and personal stress. Image source: http://www.flickr.com/photos/murplejane
  25. 25. Reasons That Firms Engage in International Business Expanding sales Acquiring resources Minimizing risk
  26. 26. What mode of international operation is suitable? Copyright © 2009 Pearson Education, Inc. publishing as Prentice Hall
  27. 27. 3 Modes of Operation in International Business Exports or Imports (merchandise/service) Investments FDI JV (2 or more share ownership of an FDI) Portfolio Investment - noncontrolling interest in a company or ownership of a loan to another party (stocks or bonds/bills/notes)
  28. 28. Types of International Organizations Collaborative arrangements Strategic Alliance (critical and not joint ownership) Multinational Enterprise (MNE/MNC/TNC)
  29. 29. Physical and Social Factors Affecting International Business Operations - Figure 1.1 Copyright © 2009 Pearson Education, Inc. publishing as Prentice Hall
  30. 30. Competitive Factors Affecting International Business Copyright © 2009 Pearson Education, Inc. publishing as Prentice Hall
  31. 31. Three ways of looking at globalization 1. Further globalization is inevitable. 2. International business will grow primarily along regional rather than global lines. 3. Forces working against further globalization and international business will slow down both trends.
  32. 32. Time to take a cruise? - page 24
  33. 33. Cruise Industry Background A sea voyage taken for pleasure Fast growing industry Dominated by 3 companies: Carnival, Royal Caribbean, and Star Different brands based on geographically pertinent themes and cost per cruise Image source: http://www.flickr.com/photos/lilu12323/
  34. 34. Doing Business in International Waters Image source: http://www.flickr.com/photos/btt86/
  35. 35. What It Takes to Operate a Cruise Line Purchase expensive ships from shipyards around the world Find able-bodied seamen Create casinos and other amenities Image source: http://www.flickr.com/photos/adobemac/
  36. 36. The Overseas Environment Political Issues | Health Issues | Economic Issues | Weather Image source: http://www.flickr.com/photos/divemasterking2000/
  37. 37. Concluding Remarks: Two-Edged Sword significant % of world population has yet to take cruises good prospects for growth in the industry but #of first-timers is declining Image source: http://www.flickr.com/photos/justbecause/
  38. 38. Questions What global forces have contributed to the growth of the cruise-line industry? What specific steps has Carnival Cruise Lines taken to benefit from global social changes? What are some of the national differences that affect the operations of cruise lines? How might cruise lines increase sales to people outside the United States? What threats exist for the future performance of the cruise-line industry and, specifically, of Carnival Cruise Lines? If you were in charge of Carnival, how would you (a) try to prevent these threats from becoming reality and (b) deal with them if they were realized? Discuss the ethics of cruise lines regarding the avoidance of taxes while buying ships built with governmental subsidies.
  39. 39. Homework 39
  40. 40. Reminders May 26th – group project due Jun 23rd - mid-term exam  chapters 1-4 and 6-7  cases  class discussions 40