BUS 206-UX:

Principles of International
Business
Chei Hwee CHUA

E-mail: cchua@bus.miami.edu
Telephone and SMS: 786 531 7263
Office: 414-N, Management Department, Jenkins Building,
SBA
Office Hours:
From Aug 22 to Dec 6 on Tue & Thu, 1pm 3pm
Email cchua@bus.miami.edu to set up an appointment
to ensure that the time slot is available for you.
No office hours during Fall Recess, Thanksgiving
Recess, and from Dec 7 onwards.

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Course Objectives
Build your content knowledge in International Business
Develop your global mindset & skills for effective global
management

Teaching Methodology

Lectures & class discussions

Case analyses & discussions
Experiential learning exercises Simulations & Role-plays
Team activities & discussions
Team project & presentation

Please note:
This course is a BASIC introduction to the study of international
business.

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Content Knowledge in International

Business

Learn about the unique challenges and opportunities faced by

multinational corporations (MNCs) and their managers.

Learn the basic concepts, frameworks, and terminologies in

International Business.

Understand how to conduct business across different political,

legal, economic & cultural environments.

Learn how to function and manage effectively, and succeed in

MNCs and the global context.

Master effective cross-cultural communication, negotiation, and team

building skills.

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Specifically, we will discuss and learn the following:

Globalization & International Business

The political, legal, economic & cultural environments in which MNCs operate in

Cross-cultural communication & negotiation

Team building

Expatriation, repatriation & international career development

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Develop a Global Mindset & Skills for Effective Global

Management
Conceptual and analytical

Cross-cultural

Communication

Negotiation

Writing

Discussions

Teamwork

Information search

Self-awareness

Presentation

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Course Materials
Required/optional reading materials
and PowerPoint slides are posted on
BlackBoard under Course
Documents.

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Course Requirements
(1) Class participation = 10%
(2) Take-home assignments = 15%
(3) Team project, presentation, and individual contribution to team project
= 20%
(4) Examinations = 55% (Exam I = 30%; Exam II = 25%)

***It is your responsibility to read the explanations regarding the course

requirements on the Course syllabus document carefully.***
Each project team will consist of 4-6 students, depending on the class size.
I will determine the team compositions to maximize the cultural/country diversity of the
teams so that students will have first-hand experience working in multicultural teams.
The composition of these teams will remain the same for the whole semester. No
changes will be allowed.
You will be in the same team for team activities conducted in class as well.

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Grading Scheme
Mandatory course curve for all classes with over 15
students.
Required by the School of Business Administration
Range of average grade = 3.0 (B) to 3.3 (B+)
Max = 4.0
Min = 0.0

Its all relative !

To get a better grade, you
have to work harder and
perform better than your
fellow classmates.

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University of Miami Honor Code

All undergraduate students are responsible for reading, understanding, and
upholding the Honor Code.
(See https://
umshare.miami.edu/web/wda/deanstudents/pdf/undergrad_honorcode.pdf)
Any behavior that violates or implies the intent to violate the Honor Code will be
treated as serious offenses, and students involved will straight away get
a F (Fail) letter grade for the entire course, and will also
be turned over
to the Universitys Honor Council for
further disciplinary actions.

Violations of the Honor Code include, but are NOT limited to:

(1) Cheating implies the intent to deceive. It includes all actions, devices and deceptions used in the attempt to commit this act.
Examples include, but are not limited to, copying answers from another student's exam and using a cheat sheet or crib notes
in an exam.
(2) Plagiarism is representing the words or ideas of someone else as your own. Examples include, but are not limited to, failing to
properly cite direct quotes and failing to give credit for someone else's ideas.
(3) Collusion is the act of working together on an academic undertaking for which a student is individually responsible. Examples
include, but are not limited to, sharing information in labs that are to be done individually.
(4) Academic Dishonesty includes any other act not specifically covered that compromises the integrity of a student or intrudes,
violates, or disturbs the academic environment of the University Community. Examples are attempting or agreeing to commit,
or assisting in or facilitating the commission of, any scholastic dishonesty violation, failing to appear or testify without good
cause when requested by the Honor Council, failing to keep information about cases confidential, supplying false information
to the Honor Council and accusing a student of a violation of this Code in bad faith.

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University of Miami Honor Code

Examination logistics and conduct:
To uphold the integrity of the examination, you may NOT return to the classroom to
complete the examination if you leave. You are advised to go to the restroom
BEFORE you come into class for the examination.
Put ALL your belongings in front of the classroom BEFORE you proceed to the seating
area. You may NOT bring ANYTHING to the seating area. All your pockets should
be EMPTY. All writing materials and writing instruments will be provided by the
instructor. Please note that just the act of bringing a cellphone, smart watch/phone
watch, google glasses or any other electronic devices, cheat sheet, crib notes, etc. to the
seating area with you implies your intent to violate the Universitys Honor Code.
Seating arrangements will be determined at the discretion of the instructor.
Do NOT be late. Everyone has to submit their examination scripts
no later than the end-time of the examination as determined by the
instructor, regardless of the time you come to take the examination.

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University of Miami Honor Code

Examination logistics and conduct (continued):

For this course, examples of exam-related cheating or actions that imply your intention
to cheat/help someone else to cheat include, but are not limited to, copying/trying to
copy answers from another student's exam, allowing another student/other students to
copy your answers, asking for exam answers from another student/other students or
communicating your exam answers to another student/other students in any way, shape
or form, having or using a cheat sheet, crib notes, cell phone, smart watch/phone watch,
google glasses or any other electronic devices, or having any exam notes on anything
(including but not limited to, any of your body parts, anything you wear, etc.) during an
exam; taking photos of the exam scripts at any point in time; communicating
information about the content of an exam to another student/other students in your
section or other sections of this course who have yet to take the exam at any point in
time; or similar acts, etc.

All examinations of this course are counted towards students Course Total Score and
Final Letter Grade, and you will get a ZERO for an exam if you do not show up to take
it at the scheduled exam session, unless a reschedule has been approved by the
instructor of this course prior to the scheduled exam session. Exceptions to this are only
reserved for very special circumstances, and are considered on a case-by-case basis and
decided based on the Management Departments policies, as well as at the discretion of
the Chair of the Management Department and the instructor of this course. Requests for
an exam
prior
to the scheduled
exam session
will only be
considered
you
Dorescheduling
NOT engage
in any
behavior
that violates
or implies
your
intent ifto
have valid
violate
the reasons.
Universitys Honor Code. If you are deemed to do so, you

will straight away get a F (Fail) letter grade for the entire course,
and you will also be turned over to the Universitys Honor Council for
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further disciplinary actions.

Any questions?

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Globalization & International Business

Objectives
1. To define globalization and international business.
2. To understand why companies engage in international business
and why international business growth has accelerated.
3. To discuss the major arguments for and against globalization.

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Globalization & International Business

Globalization is the ongoing process that deepens and
broadens the relationships and interdependence among
countries. This term sometimes refers to the integration of
world economies through the reduction of barriers to the
movement of trade, capital, technology, and people.
International Business (IB) is a mechanism to bring
about globalization.
It includes all business transactions, private and governmental,
including sales, investments, and transportation that involve two
or more countries.
Increasingly foreign countries are a source of both production
and sales for domestic companies.

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Why is studying IB important?

1. Most companies are either
international or compete with
international companies.
2. Modes of operations may differ from
those used domestically. The best
way of conducting business may differ
by country.
3. An understanding helps you make
better career decisions.
4. An understanding helps you decide
what government policies to support.

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 Multinational corporations or companies (MNCs)

Multinational Enterprises (MNEs)
Transnational companies (TNCs)
They take a global approach to markets and production, i.e. they
are willing to consider market and production locations anywhere
in the world.

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Why do companies engage in IB?

1. To Expand Sales
Pursuing international sales increases the potential market and
potential profits.

2. To Diversify or Reduce Risks

International operations may reduce operating risk by smoothing sales
and profits, preventing competitors from gaining advantage.

3. To Acquire Resources
This may give companies lower costs, new and better products,
additional operating knowledge.

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Factors Contributing to Rapid Growth of

IB
Companies abilities to exchange goods and services
internationally, shift production to other countries, and
learn from abroad about more efficient means of operating
have been growing because of:
1. Increase in and expansion of technology
2. Liberalization of cross-border trade and resource movements
3. Development of services that support international business
4. Growing consumer pressures
5. Increased global competition
6. Changing political situations
7. Expanded cross-national cooperation

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Where do the stuff you wear come

from?

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Where do the stuff you eat come from?

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Debate on Globalization (Video)

Questions
1. What are the arguments for globalization?
2. What are the arguments against globalization?

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Arguments for globalization

It creates more jobs in all economies.

It creates better jobs in less developed countries.

There is more foreign direct investment (FDI) and economic growth.

It provides greater consumer choice.

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Arguments against globalization

It creates both winners and losers both in absolute and relative terms
growing income inequalities, both between and within countries.

It threatens national sovereignty.

It can dilute the local culture.

It makes corporate monitoring and holding companies accountable more

difficult.

It can create environmental stress.

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 Complete the questionnaires given out.

There are no right or wrong answers. Please answer
candidly. This info. will be used for assigning you into
your project and breakout groups, and negotiation
simulation pairings.

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Take-home Assignment 1
Available on BlackBoard under Assignments starting at 10:00 pm today
Due date: Tue, Aug 30, 6:00 pm (EST)
Read and follow the instructions on Blackboard carefully. Each take-home
assignment can only be taken once. Questions are presented one at a time, and
once you proceed to the next question, you cannot go back to the previous
question to change your answer (whether you indicated an answer or not). You
need not complete the whole assignment in one seating. You may save it, and
complete and submit it later on, as long as it is before the deadline. Each
assignment must be completed and submitted by the due date specified on the
class schedule. You will get a ZERO for non-submissions or late-submissions.
BlackBoard automatically records the time that you submit your assignments.
See course requirements on the syllabus document for more details.

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