VSFS:N_IB International Business - Course Information

N_IB International Business

Extent and Intensity

0/2. 5 credit(s). Type of Completion: zk (examination).

Teacher(s)

Mgr. Jiří Amler (seminar tutor)
Mgr. Štěpánka Hronová, MBA (seminar tutor)
Ing. Miloš Krejčí (seminar tutor)

Guaranteed by

Ing. Pavla Břečková, Ph.D.
Department of Economics and Management – Departments – University of Finance and Administration
Contact Person: Ing. Edita Jerie, DiS.

Timetable of Seminar Groups

N_IB/cRMO: Tue 14:00–14:44 M16, Tue 14:45–15:30 M16, Š. Hronová
N_IB/cR1PH: each odd Tuesday 8:45–9:29 S11, each odd Tuesday 9:30–10:15 S11, each odd Tuesday 10:30–11:14 S11, each odd Tuesday 11:15–12:00 S11, except Tue 20. 10. ; and Tue 10. 11. 8:45–12:00 S14, M. Krejčí
N_IB/cR2PH: each odd Tuesday 8:45–9:29 S36, each odd Tuesday 9:30–10:15 S36, each odd Tuesday 10:30–11:14 S36, each odd Tuesday 11:15–12:00 S36, J. Amler
N_IB/uR1PH: Tue 6. 10. 15:45–17:15 S13, 17:30–19:00 S13, Tue 20. 10. 15:45–17:15 S13, 17:30–19:00 S13, J. Amler
N_IB/uR2PH: Tue 27. 10. 19:15–20:45 S13, Tue 3. 11. 19:15–20:45 S13, Tue 24. 11. 15:45–17:15 S13, 17:30–19:00 S13, J. Amler
N_IB/vRMO: Fri 2. 10. 15:30–17:00 M16, 17:15–18:45 M16, Fri 16. 10. 15:30–17:00 M16, 17:15–18:45 M16, Š. Hronová
N_IB/vR1PH: Fri 27. 11. 15:30–17:00 S23, 17:15–18:45 S23, Fri 11. 12. 15:30–17:00 S23, 17:15–18:45 S23, J. Amler
N_IB/vR2PH: Fri 30. 10. 15:30–17:00 S14, 17:15–18:45 S14, Fri 13. 11. 15:30–17:00 S23, 17:15–18:45 S23, J. Amler

Prerequisites

Pre-requisites: Mastering the basics of business management, marketing management and the business relations.

Course Enrolment Limitations

The course is offered to students of any study field.

Course objectives

The aim is to contribute to the orientation of students in the international market issues including the causes and manifestations of globalization and the impact of events of global importance in decision-making in the area of international trade, as well as a good understanding of the linkages and relationships relating to the successful functioning of the international markets. In addition to foreign language terminology acquiring the aim is also to help with techniques of understanding to lectures in a foreign language and students’ own interpretation of the read or otherwise prepared professional topic. Students who successfully complete this course will: 1. be able to explain and articulate the context of international markets, including the causes and manifestations of globalization 2. be ready to interactively discuss the impact of international trading blocks on the internal and external business relationships 3. Master the techniques of understanding the topic in a foreign language and will be able of own interpretation of the written specialised text 4. be able to describe the emerging markets and their impact on the economies and the companies themselves in the EU and the Czech Republic 5. know the basic business barriers, the principle of their functioning, their causes and consequences 6. be able to actively present and work on problems of international human resource management, international teams and expatriation 7. be able to apply specialised terminology in the area of international business, and use it in the expert discussion or business correspondence

Syllabus

• 1-2) What is international business (IB). IB basic indicators - balance of trade / payment. International business importance and influences, differences from domestic trading. Territorial / commodity structure of IB. Global business environment. Comparative advantage, free trade / economy. The main regional trading blocks.
• • 3-4) Internationalization and Globalization. Drivers of Internationalization. Categories of goods traded internationally (primary, low/high value, capital intensive). FACTORS influencing the IB environment (Political, Economic, Technological). Motives for foreign expansion (microeconomic view). Entry modes and business activities in IB (export, import, contractual, investment activities, FDI). Team work on the semestral project.
• • 5-6) Culture and its role in international business. Cultural elements and multi-culture communication (verbal, non-verbal, role of eyes, silence etc.). Hofstede’s five dimensions of culture differences. Negotiation and successful presentation of business results in the international environment. Team work on the semestral project.
• • 7-8) World business territories, Euro / Dollar zones. Emerging markets, newly industrialized countries. International market research (PEST/STEEP), and linkage to Competition analysis (Porter) and SWOT. Data collection and their selection in the international environment. Team work on the semestral project and prezentations.
• • 9-10) International trade barriers and their assessing. Forms of economic integration, international unions, free trade areas and multilateral agreements The main regional trading blocks (TRIAD). WTO, GATT. Impact of economic integration on micro environment (companies). IB policy instruments (autonomous, contractual) Team work on the semestral project and prezentations.
• • 11-12) Prerequisites and personal preconditions for working in international business. European Union principles of IB. Opportunities and threats of CZ membership in the EU. SWOT of Czech companies in the international business environment. Topical international business challenges and trends. International Business knowledge summary and evaluation, presentation of team business work results.
• Some topics may be supplemented by the guest lectures (speakers are usually prominent experts from industry).

Literature

required literature
• HILL, Charles W a Robyn M DAWES. Global business today: the psychology of judgment and decision making. 7th ed. New York: McGraw-Hill/Irwin, c2011, xxvi, 620 p. ISBN 00-781-3721-7

recommended literature
• SITKIN, Alan a Nick BOWEN. International business: challenges and choices. 7th ed. New York: Oxford University Press, 2010, xxi, 426 p. ISBN 01-995-3391-1
• WALL, Stuart, Sonal MINOCHA a Bronwen REES. International business: challenges and choices. 3rd ed. New York: Pearson/ Financial Times Prentice Hall, 2010, xxii, 448 p. ISBN 02-737-2372-3
• WILD, John J, Kenneth L WILD a Jerry C HAN. International business: the challenges of globalization. 4th ed. Upper Saddle River, N.J.: Pearson Prentice Hall, c2008, xxii, 506 p. ISBN 01-317-4743-6
• WOODS, Margaret, Sonal MINOCHA a Bronwen REES. International business: challenges and choices. 3rd ed. New York: Palgrave, 2001, 304 p. ISBN 03-337-5978-8
• GRIFFIN, R.W. and M.W. PUSTAY. International business: a managerial perspective. 5th int. ed. Upper Saddle River, Prentice Hall, 2007. ISBN 0-13-233532-8. info

Teaching methods

Classes in the full-time study form will be held on the basis of interactive sessions, in which the theory will be supplemented by practical examples, analyzing and interpreting scientific articles from foreign periodicals, as well as an emphasis on the presentation of results of business cases. Students will not only learn a foreign language and technical terminology, but also demonstrate the ability of its use.
The lessons will have a lecturing part (theory, new knowledge including practical examples) and a practical part. That will be focused either on reading economical/business articles and their brief interpretation to ensure understanding the expert text, it’s interpretation and possibly to defend the standpoint, or part of the lessons may be also designed as a preparation of the team presentation project, and then on presentation of teams.
Teaching in part-time study form will be held as guided consultations, where the previous reading is expected. A truncated presentation of the topic will be followed by the interactive discussion and consultation of the studied topics.
In both full and part-time study forms each topic will be mostly presented (in detailed or condensed form – according to the type of study) in PPT presentations, followed by an interactive discussion.

Assessment methods

The course N_IB is finished by EXAM.
Full-time study – criteria for the course completion:
1. active participation in lectures (75%) and active individual involvement at the lessons
2. successful presentation of the semester specialized project
Based on these criteria an INDIVIDUAL GRADE will be offered to the student at the end of the course. If student does not agree with the grade offered or in case of failure to meet these criteria the written test will be the subject of knowledge verification. The written test consists of 15 questions (a combination of closed and open questions). To pass the examination student must achieve at least 50% correct answers. Detailed grades and point scores are in the file "Study materials for the course" in IS.
Part-time study – criteria for the course completion:
1. active participation in guided consultation (75%)
2. active individual involvement at the sessions, quality of previous reading and preparation and discussion
Based on these criteria an individual grade will be offered to the student at the end of the course. If student does not agree with the grade offered or in case of failure to meet these conditions the test will be the subject of knowledge verification. The written test consists of 15-30 questions (a combination of closed and open questions). To pass the examination student must achieve at least 50% correct answers.

Language of instruction

English

Further comments (probably available only in Czech)

The course can also be completed outside the examination period.
Information on the extent and intensity of the course: 8 hodin KS/semestr.

• Enrolment Statistics (Winter 2015, recent)
  
• Permalink: https://is.vsfs.cz/course/vsfs/winter2015/N_IB