Contemporary Business Topics: International Business [CRN 29376]

Discipline: Business
Instructor: Burns
Credits: 3
Day: A
Start: 1530
End: 1650
Field Work: Day 6 | March 23, 2018 | South Africa
Prerequisites: One of the following course combinations: One (1) fundamentals of finance course AND one (1) fundamentals of management course; OR one (1) fundamentals of finance course AND one (1) fundamentals of marketing course; OR one (1) fundamentals of management course AND one (1) fundamentals of marketing course. For non-business majors only. Per Instructor: Students with a combination of previous business courses may be admitted with the permission of the instructor. Download Syllabus

Contemporary Business Topics: International Business is designed to provide a framework for analyzing and addressing situations that arise when a business transaction or a relationship, cross political, economic, or cultural boundaries.  The course is broadly divided into three disciplines:

Organizational topics in International Management
Political Economy and Trade topics in International Management
Applications and International Strategy

We will identify how firms are impacted by global culture and different business practices.  Students will be able to apply critical thinking skills and cross border concepts to core business competencies.  Through case studies, students will develop a set of analytical perspectives for making decisions in a wide range of social, ethical and regulatory challenges.

Field Work

Country: South Africa
Day: 6
Date: March 23, 2018

The South African wine “industry” has evolved since its introduction in 1652 and after a gestation period of four hundred and fifty years it has given birth to a global industry that spans a contentious history, diverse cultures, and emerging tastes. This field lab provides us an opportunity to meet with the senior management of Groot Constantia, one of the oldest wineries in South Africa, which has engaged in a business strategy of global expansion. Together, we will consider both the surface and subsurface issues and opportunities associated with the global wine industry, including consideration of the marketing, sustainability, and cultural issues associated with the production, processing, distribution, and consumption of wines from South Africa. This should be a phenomenal field trip where we will consider both the surface and subsurface considerations associated with the “terroir” of the South African wine industry.

Learning Objectives:
1. Understand the current importance and economic/social role of the wine sector in South Africa;
2. Understand the opportunities and hurdles associated with international expansion of regulated industries and the business costs associated with the wine industry.
3. Discuss the impact of climate change and sustainable practices for production and operations.