BUS 116 - International Business Environments
An overview of the social, cultural, political, and economic factors that influence the trade related interaction of nations and the operations of global business enterprises. Trade theory, economic integration, global sourcing, export-import basics, cultural awareness, and other current topics relating to international business will be covered.
3 Class Hours
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
1. Analyze data on the global nature of economic and business activity.
2. Utilize the basic strategies for entering foreign markets to assess decision-making by international business enterprises.
3. Critique political and economic systems encountered by international business.
4. Discuss cultural differences among nations and within nations along with the challenges these differences create for international business.
5. Apply international trade theory to cases involving international business.
6. Analyze and discuss current issues relating to globalization of markets and production and the consequences for businesses, workers, communities, and national policy.
7. Work with and interpret examples of protectionism as to their rationale and consequences for businesses, workers, communities, and national policy.
8. Research various international organizations and regional trade groups including the WTO (World Trade Organization) and European Union by using each organizations website.
9. Convert currencies and calculate the impact of foreign exchange movements on international business contracts.
10. Select appropriate strategy for managing all aspects of an international business including export/import financing.
11. Analyze the benefits and costs of different international strategies by using Case Method.
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