040249 VO Foundations of International Business (MA) (2021W)

This course provides you with a foundation in the theory and practice of international business. It covers core concepts of international business and how these apply to the dynamics and constraints of international business strategy. It also examines the uncertainties and potential for the international expansion of the firm.
The course considers worldwide integration of economic, political, and socio-cultural aspects of business, in order to explore and understand the impact of globalization on countries, organizations, and individuals. The course is designed to help students develop a world-view of the global marketplace, and gain knowledge and understanding of the global environment of business functions.
By the end of this course, students should be able to:
1. Evelop information processing and analyzing skills essential to a global mindset.
2. Understand the role of globalization in shaping the business environment, and recognize challenges and opportunities created by the globalization of business practices.
3. Identify complexities introduced by globalization and integrate concepts learned in this class with those acquired in other courses.
4. Practice critical thinking by keeping current with global events and discussing their implications.
5. Critically evaluate various components of a national environment: technological, cultural, economic, political, and legal systems, and their influence on business practices and strategies.
6. Examine trade and investment theories and patterns, and critically evaluate the role of governments and their impact on the international business environment.
7. Critically evaluate the role of trade and investment agreements and other forms of regional economic integration on local and national economies.