International Business Lec Notes

Topics: International economics, Management, Investment Pages: 18 (1127 words) Published: April 13, 2013
Teaching Staff
• Associate Professor Yue Wang (course coordinator)
– Call me “Wang” please
• Note: pronounced as “Wong”

Global Business Strategy

– Consultation hours:
• 3-5 pm Thursday
– Room 642 Building E4A

– Contact:
• Email: yue.wang@mq.edu.au
• Phone: 9850 8513

Week1 Introduction:
concepts and issues

• Tutors:
– Miles Yang
– Monica Rouvellas
Week 1

Lecture Programs

2

Principles and Perspectives

• Introduce concepts and frameworks
– Content: the underlying principles
• The need for principles
– Strategy, trade-off, and choice
– Why firms behave as they do

• Economic basis for strategic decision -making

– Context: the institutional and social conditions
• The application of principles requires creativity

• Teaching philosophy
– we teach principles, you develop capabilities
– success depends your ability to match principles with
firm-specific conditions
Week 1

3

4

Assessment (1)

Tutorial Classes

• Individual work (70%):

• Digest and apply the concepts and frameworks

• Assignment (30%)
• Final exam (40%)

– Readings
• Weekly readings on iLearn
• No prescribed textbook

• Group work (30%):

• Group-based activities

– Presentation (30%)

– class discussions (week 2-6)
– group presentation (week 8-13)

• Week 8 – 13 (six groups six presentations)
• Presentation topic material

• Tutorial attendance and participation

– Short case study
» Need to do additional research!

– determine results at the margin

Week 1

Week 1

• Note: cases may be related to the same or previous weeks‟ topics

5

Week 1

6

1

Assessment (2)

Presentation marking criteria

• Individual assignment (30%)
Answers to case questions

5%

Application of concepts/theories

5%

Arguments and analysis

5%

Structure and organization

5%

Research

5%

Peer review average (group-based)

5%

Total

• Case study: due 4:30 pm 17 May (week 10) Friday
– Submit a hard copy to BESS
» Zero for late submission
» Extension of submission granted only under special
circumstances
– Marking criteria
» Answers to case questions
» Application of concepts/theories
» Arguments and analysis
» Structure
» Research
» Written expression

30%

Week 1

7

Week 1

What is strategy (1)

8

What is strategy (2)

• … the determination of the basic long-term
goals and objectives of an enterprise – Alfred
Chandler

• Strategy vs. policy
– Decisions vs. rules for making decisions
– Implementation of strategy can not be delegated

„… strategy is a rule of making decisions‟
– H Igor Ansoff

• … the major policies and plans for achieving
these goals – Kenneth Andrews

• Strategy vs. tactics
– Long-term vs. short-term

• … provides guidelines for coordinating activities
so that the firm can cope with and influence the
changing environment – Hiroyuki Itami
Week 1

– Overall vs. specific

„… operational effectiveness is not strategy‟
– Michael E. Porter
9

What is strategy (3)

10

What is International Business

• Strategy has to do with „big‟ decisions
– ultimately determine a firm‟s success or
failure
– long-term goals
– overall impact

• Narrow definition
– MNE (multinational enterprise)
– FDI (foreign direct investment)

• Broad definition
– Includes








• Strategy is principles for decision-making
– revealed in terms of consistent behavior
– once set, not easy to reverse

Week 1

Week 1

11

International trade
International finance
International accounting
International marketing
International HRM
International management

Week 1

12

2

FDI vs. FPI (1)

What is FDI?
• OECD: Direct investment is a category of cross-border
investment made by a resident in one economy (the direct
investor) with the objective of establishing a lasting
interest in an enterprise (the direct investment enterprise) that is resident in an...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • international business Essay
  • International business Research Paper
  • International Business Essay
  • Essay about BUSINESS IN THE INTERNATIONAL ECONOMY Assignment 1
  • International Business Essay
  • Culture and International Business Essay
  • International Business Essay
  • International Business Essay

Become a StudyMode Member

Sign Up - It's Free