Foundations of International Business

2500-105:
Discipline: Semester at Sea Seminars
Instructor: Wamwara-Mbugua
Credits: 3
Day: B
Start: 08:00
End: 09:15
Field Work: Day 1 - Buenos Aires - Wednesday, 12 November | Argentina
Prerequisites: Introduction to Business Download Syllabus

An introduction to the field of international business through an examination of the practice and theory of international business, focusing on managerial, operational, strategic, ethical, and environmental factors. The student develops an understanding of global trade theory and the various forms of global and regional economic integration; examines the major functions of managing an international business; becomes familiar with the instruments, procedures, and processes of international business; ascertains the modes of international market entry and foreign direct investment; generates an appreciation of the importance of culture on international business; and evaluates ethical issues in international business.

Field Work

Country: Argentina
Day: 1 - Buenos Aires - Wednesday, 12 November

Students will meet with representatives of Anuva Wines in Buenos Aires.  The field lab will provide students with an opportunity to see how international business practices differ by country. Students will have worked on cases that examine the role of culture in the conduct of business. Students will be able to see firsthand how a multinational company such as Anuva Wines transacts business in many different national cultures.  After the field visit the class will discuss their field experiences and submit a report on their field experience. Academic Objectives: 1. To understand the importance of international business to world economies 2. Explore the challenges and opportunities of international business 3. Examine the role that history, geography, culture and politics play in international business