MIB510 International Business Environments (3 cr.)
This course provides an introduction to the fundamentals and essential components of international business and the environments in which it is conducted. It examines theory and practice of elements that comprise the international environment within the global marketplace. The inner-workings of international business operations through the study of key issues facing international businesses are emphasized.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the theory and practice of international business and the global environments in which it is conducted.
- Understand the elements that make up the international economy.
- Plan a global business strategy for a product in a specific international environment.
- Interpret the experience of international business practitioners and apply it to a specific international business strategy.
- Access locally available international business resources.
MIB515 Leadership and Decision Making (2 cr.)
This course introduces selected models and practices in the exploration and understanding of what is effective leadership and decision-making in a global context. Skills necessary for effective decision-making and problem solving within organizations domestically and internationally are emphasized from the role of manager.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Apply skills that effective leaders and managers use with individuals and groups world-wide.
- Understand one's own leadership style in order to adapt, manage and develop one's own leadership behavior.
- Conduct a win-win negotiation.
- Understand the foundations of leadership and decision-making required when dealing with situations marked by change, transition and differing cultures and environments.
- Identify the characteristics of a visionary leader.
- Apply skills in decision-making and problem solving in organizations domestically and internationally.
MIB519 Global Religions and Belief Systems (3 cr.)
This course examines beliefs and practices of religious traditions around the world and the effect they have upon culture, geopolitics and business. Students examine and analyze the major religions of the world such as Islam, Christianity, Judaism, Taoism, Buddhism, Hinduism, and Confucianism their differences, similarities, and how practice of these religions impacts today's world.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the methods used to study religions and belief systems.
- Understand the traditional ways that human beings have been religious.
- Understand the modes of human awareness used to express meaning.
- Understand the major religions and belief systems of the world.
- Analyze the similarities and differences between culture and religious traditions.
- Design international business strategies that incorporate the ways in which global religions and belief systems impact conducting international business.
MIB520 Accounting Information for Global Decision Making (3 cr.)
This course examines the evolving nature of managerial accounting practice in a rapidly changing global environment. Special consideration is given to unique problems faced by international businesses with respect to utilizing accounting information to develop and utilize effective financial accounting and reporting systems. The latest theoretical and technical innovations in accounting and reporting from around the world are examined.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the language and principles of accounting and its application.
- Understand and utilize accounting information to develop and make use of financial accounting and reporting systems.
- Understand the need for accurate and timely reporting of transactions and results in the demanding global market.
- Understand the nature of domestic and international business transactions through accounting.
- Understand the accounting process followed in the preparation of financial reports.
- Understand the basics of differing types of controls and reporting for decisions made by the international manager.
- Identify the economic transactions of an organization that need to be recorded and reported.
- Understand the financial impact managerial decisions have on a business or an organization.
- Understand alternative ways to account for economic transactions.
- Understand and apply accounting principles and practices when conducting international business.
MIB525 International Economics and Finance (3cr.)
This course provides a comprehensive overview of the international economic and financial systems impacting global business today. Topics in international economics include; the foundation of modern trade theory, impact of tariff and non-tariff barriers, labor and capital mobility, trading blocks and protectionism. Topics in international finance include balance of payments, foreign exchange systems, exchange-rate determination, managing currencies, international banking and the international monetary system. This course analyzes the theories and models which apply to an economy's global trade and monetary relationships.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the roles and functions of international economic and financial institutions.
- Effectively analyze contemporary macroeconomic issues in the context of the global economy.
- Analyze the economic interactions of the global economy and how the global economy affects global business practices.
- Apply the principles of comparative and absolute advantage to explain how countries can benefit from trade.
- Understand the tools governments utilize for protectionism and analyze the effects of tariffs, non-tariff barriers and quotas.
- Identify and understand the various forms of business organizations and the different ways of financing them.
- Understand the financial reporting requirements of the differing entities.
- Understand the principles of managing current assets and current liabilities.
- Assess the existence of management problems or opportunities through the reading and analyzing of a company's financial statements and make comparisons to other companies in the same industry.
- Compute present values using them in financial decision-making.
- Understand the impact of unethical behavior by an entity's general and financial managers on the entity and its owners.
- Understand the mechanics and risks of operating an entity in a global marketplace.
MIB530 International Marketing (3 cr.)
This course examines the various political, legal, economic and cultural systems and their effect on global marketing of products and services by focusing on product, pricing, promotion, and distribution decisions. The development of critical thinking and problem solving skills through the application of international marketing theories/practices to various business scenarios will help the students gain an understanding of the issues and the practice of managing international marketing activities. Major marketing principles and strategies are explored as they apply to the global marketplace.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the key elements of marketing as it applies to conducting business across borders.
- Apply key marketing concepts in a strategic marketing approach within an organization as it applies to conducting business globally.
- Apply strategic marketing models, theory and tools to business situations globally.
- Understand the role of the marketing function in organizational management.
- Understand the constantly changing conditions facing marketers in the global trade environments.
- Understand the implications of cultural and religious issues as they relate to international marketing.
- Develop of a marketing plan for a product or service to be marketed internationally.
MIB532 Entrepreneurship (1 cr.)
This course examines characteristics of contemporary entrepreneurship domestically and globally. Critical factors in the entrepreneurial business process such as: identifying new opportunities, financing a new venture, development and evaluation of a business plan from a strategic perspective and utilizing alternative forms for establishing a business are explored.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Identify and describe the resources offering small business services to the public.
- Understand the need to identify new global opportunities when considering new business ventures.
- Select the forms of business entities available to the entrepreneur and understand their application domestically and internationally.
- Select appropriate financing for a new business venture and understand its application globally.
- Describe and understand the concepts of marketing a small business globally.
- Design an effective international business plan.
MIB535 International Business Law (3 cr.)
This course utilizes a managerial approach to understanding important legal and regulatory issues confronting the international business and its transactions. It examines the making of international law, dispute resolution and jurisdiction. In particular, this course examines the major intergovernmental organizations and regional agreements that regulate and promote international business. In addition, the interrelationships between different legal systems and the resulting effect on individuals and organizations are examined from a comparative and multicultural perspecitve.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the basic principles of international law as they apply to international business.
- Understand the intergovernmental and nongovernmental organizations that regulate and promote international business.
- Understand how international business is carried out across borders and what factors affect it.
- Apply legal concepts internationally by understanding of the diverse local regulations that impact firms conducting business globally.
- Understand the ethical and legal implications of acts, omissions or breaches as they are defined and differ in diverse international business environments.
- Understand the role intergovernmental and nongovernmental organizations play in leveling the global business playing field.
- Understand the process of globalization from the perspective of international legal integration.
MIB540 Global Management Principles (3 cr.)
This course provides an overview of key organizational and behavioral concepts, which underlie effective management practice in private and public sector organizations around the world. Comparative management systems are examined in terms of global applications. Special attention is given to defining and interpreting cross-cultural differences and influences and to the development of analytical and problem solving skills. The course emphasizes the approaches of collaboration that especially address the expectations, needs and performances of people in organizations and gives attention to the external, internal and global cultures that influence organizational structure, behavior and change.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand basic management functions and terminology.
- Understand the different roles and responsibilities of the major functional areas and management levels in typical organizations.
- Understand basic management systems and competencies and how they compare around the world.
- Define and interpret cross-cultural differences and influences.
- Demonstrate analytical and problem solving skills within a global managerial context.
- Recognize the challenges unique to organizations that operate globally.
- Evaluate managerial literature and apply current thinking to issues such as diversity, ethics, quality, and respect for the environment.
MIB545 International Political Economy (3 cr.)
This course provides a framework for identification and analysis of the international political and economic issues that make up the international business environment. The international political economy is examined in light of national economies, political and demographic trends, social issues and the relationship between power and wealth. Ways in which political, economic, cultural, and religious forces and tensions affect international business are emphasized. The course identifies political forces that affect the economic choices of states, enterprises and individuals in international trade, investment and monetary affairs.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the way in which political and economic factors interact to shape the global marketplace as it relates to states and patterns of cooperation and conflict in the international system.
- Understand the on-going process of regional economic integration.
- Evaluate the impact of regional economic integration and its impact internationally.
- Analyze the impact of the international political economy on the United States role in international trade and investment.
- Analyze the impact of the international political economy on global business management.
MIB550 Managerial Ethics and Issues (2 cr.)
This course examines various theories and methods that can be used to resolve organizational dilemmas involving ethical behavior. Application of philosophical principles and managerial techniques to the ambiguous and ethical issues facing today's organizations domestically and internationally is emphasized. Students will develop skills necessary to identify, analyze, and develop strategies to engage in ethical decision-making.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Identify and assess the nature of ethical issues in organizations world-wide.
- Recognize how foundational ideologies impact analysis and judgment.
- Consider the various environments within which ethical issues and dilemmas arise.
- Develop a framework of principles for understanding what it means to be ethical.
MIB565 Cultural Awareness (3 cr.)
This course examines the role culture plays in business and its influence on the domestic and global marketplace. Inter-cultural competence is defined and explored in terms of factors that either impede or facilitate effective business and inter-personal relationships. Methods to identify and resolve cultural biases in international business relationships are discussed. The importance of inter-cultural competence is explored along with the knowledge and skills needed to work with, manage and serve diverse groups and individuals. The multicultural skills and dispositions of cultural awareness as it applies to conducting business across historical, cultural, religious and geo-political borders are developed.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Identify and understand the cultural influences that have shaped their behavior and worldview.
- Define inter-cultural competence.
- Understand how culture influences business and inter-personal relationships.
- Analyze the effect of culture in the international marketplace.
- Describe cultural factors that impede or facilitate global business relationships.
- Identify and resolve cultural biases and prejudices.
- Integrate cultural awareness and inter-cultural competence into international business strategy.
MIB570 International Field Study (4 cr.)
This course provides students with an opportunity for an in-depth analysis and observation of the peoples, religions, culture and international business in countries outside of the United States . It includes tours, trade shows, meetings with government officials, cultural events, and seminars with local experts in which students will take an active part. Special emphasis is placed on history, cultural awareness, the role international organizations play in international business and the effects of globalization worldwide. The focus of this course is to apply academic work to analyze international business issues and to increase travel and cultural competence. The course requires students to analyze and assess international business practices in light of historical, religious, cultural and geo-political considerations that impact the particular country or region of study.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand the distinction between the theory and the practice of international business.
- Understand the historical, religious, geo-political, cultural and business climate of each country visited.
- Understand the particular business practices of the country visited.
- Understand and access the international business resources available in the country visited.
- Assess and learn from the experience of practitioners in the global marketplace.
- Demonstrate planning skills to pursue international business in the environment of the country visited.
- Demonstrate travel confidence and cultural competence.
MIB575 International Business Strategy Capstone (3 cr.)
This course emphasizes the integration of academic and field experiences through the use of skills and tools developed in previous courses. This course focuses on formulating, implementing and evaluating effective international business strategies for conducting business in a global marketplace by emphasizing critical analysis, synthesis and evaluation of international business theory and application. Special emphasis is given to application of international business concepts and techniques and their integration into the strategic planning process.
Student Learning Objectives: At the completion of this course, the student should be able to:
- Understand strategic planning processes and techniques necessary for conducting business across borders.
- Understand the historical and cross-cultural approaches to international business strategy.
- Demonstrate the ability to review and analyze the situations and challenges facing organizations competing for positions in the global marketplace.
- Develop and defend strategic international business decisions for change and improvement.
- Understand the complex issues unique to organizations operating on a global basis.
MIB580 Practicum (2 cr.)
This course offers students an opportunity to actively function in a business enterprise, implementing previously studied theory in a practical environment. Students are required to submit a paper or project to the program director detailing their particular experience.
MIB581 Independent Study (2 cr.)
Individual academic work permits the student to pursue a topic of special interest extending their education beyond the standard structure of the classroom. Students determine their own objectives, activities, timeline, and evaluation measures with faculty and program director agreement.
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