International Business

Discipline: Semester at Sea Seminars
Instructor: Wenger
Credits: 3
Day: C
Start: 1355
End: 1510
Field Work: Day 1 - Stockholm - Thursday, 31 July | Sweden Download Syllabus

Human beings have participated in and benefited from “International Business” since before recorded history.[1] Over the past 20-30 years, the pace of international business expansion, it’s impact on the daily lives of people of all economic classes, and the ease with which we can connect to others around the world have increased phenomenally. We are all immersed in a network of international business. I believe I can safely say that in your lifetime a) there is not, nor will there be, a single day that you are not affected directly by international business and b) almost assuredly, you will work for an “international business” of some kind sometime. Through this course, I want to help you prepare to engage that reality.

We will study global marketplace strategies and management practices to cope in today’s worldwide business environment. We address systems for global supply-chain, human resource, marketing, operations, and financial management as well as the implications of multiple cultures, currencies, legal frameworks, ethical foundations, and political economic forces. We will discuss opportunities and threats in both developed and emerging economies. And because we are lucky enough to be doing this in Semester at Sea, we will take advantage of the real world to examine businesses through the lens of actually visiting 9 different nations.

[1]    Check out:

Field Work

Country: Sweden
Day: 1 - Stockholm - Thursday, 31 July

We will visit the US Embassy in Stockholm Sweden, specifically to spend time with the Commercial Section and potentially with local business support NGOs (non-government organizations) such as the Swedish-American Chamber of Commerce and The World Trade Center, Stockholm. US Government support and regulation of business is a complex inter-agency process with participation of the State, Commerce, Treasury, Defense, Interior, Agriculture, and Homeland Security Departments. Within a specific country, this complexity is coordinated by the Commercial Section of the Embassy. Trade specialists serving in the Embassy are an invaluable source of local knowledge, business connections, market analysis, and the most up-to-date understanding of US policies and programs. In partnership with their colleagues in other embassies and in Washington DC, they help US businesses large and small, solve problems, engage new markets, and expand their sales.  We will pick their brains. Academic Objectives: 1. Understand the role and impact of Embassies in facilitating international business. 2. Learn specifically about the US government's business support and regulatory systems in the State, Commerce, Defense, and Treasury Departments (both in Washington DC and in-country) 3. Learn specifically about Sweden business environment and processes 4. Exercise analytic framework for determining critical business factors 5. Develop skills in data gathering and analysis