International Business and Foreign Market Entry Essay Example

International Business and Foreign Market Entry Essay INTERNATIONAL BUSINESS MANAGEMENT College of Business Administration Chung-Ang University Fall 2010 MW: 01:30 02:45 ( 404) Instructor: Dr. Changbum Choi Office:14th floor Business Administration Building Telephone:(02) 820-5583 (Office) E-mail Address:choilee @ cau. ac. kr Eclasshttp:// eclass. cau. ac. kr - Office Hours:W: 3-4pm - Course Description International Business Management course is designed to assist students in understanding the global environment in which international business takes place, as well as the role and behavior of the international firm as it responds to the environment. The course aims to provide students with the knowledge, skills and sensitivities that help them manage business operations more proactively in the turbulent international environment. This will be achieved through lectures, class discussions, and cases. Because this course is a combination of lectures and business cases, strong student participation in the class discussion is required. Course Learning Objectives 1. Define international business and discuss how it differs from domestic business. 2. Define and discuss key terms and concepts related to international business. 3. Acquire a basic understanding of the structure of the global economy and the perspectives of various actors in the global economy. 4. Make well-reasoned suggestions about how to address many of the challenges and opportunities likely to arise in international business. We will write a custom essay sample on International Business and Foreign Market Entry specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on International Business and Foreign Market Entry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on International Business and Foreign Market Entry specifically for you FOR ONLY $16.38 $13.9/page Hire Writer For example, students would be expected to knowledgeably discuss the pros and cons of particular ways of entering national markets, of managing foreign exchange risk, and of selecting members for cross-cultural teams. Other issues students will be expected to learn about are outlined in this syllabus and will be addressed as the course progresses. 5. Knowledgeably discuss some of the key public policy, ethical, and environmental issues that are typically connected to international business. 6. In addition, by following through on course requirements you will have improved your written and oral communication skills and your ability to work in teams. You will also have opportunities to become more proficient in using the Internet for research. Required Text and Materials 1. Case amp; Reading Packet Class Procedures (Method of Instruction) The content of this course will be conveyed through a mix of lectures, discussions, and cases. Each approach in the mix is designed to develop and elaborate on the content of the assigned readings. Class meetings will encourage student participation. As such, students are expected: †¢to knowledgeably discuss the assigned readings †¢to raise questions they may have about assigned readings †¢to participate in the class and case discussions You will be required to study the assigned readings and to present your analysis and insights to other members of the class. I do expect students to show a good grasp of the concepts and issues addressed in this course and their relevance to managers of international businesses. To that end, it would be advisable to take notes in class, but, in your reading and in the lectures and discussions try to concentrate on issues, trends and relationships rather than on memorizing definitions and statistics. Evaluation Students are expected to attend classes regularly since constant attendance offers the best opportunity to master the course material and contribute to classroom discussions. Any student who misses a class is responsible for obtaining notes from a classmate regarding any changes in assignment, exam dates, and materials covered in class discussion. Grading breakdown is as follows: 1. Mid-term Exam 25 % 2. Final Exam 30 % 3. Case presentation (in teams) 30 % 4. Quiz 15 % ____________________________________________________________ _____ Total100% Case Analysis for Group Presentation Because international management is a multidimensional challenge, we will make extensive use of case studies during the course. Each case will be presented by a team that consists of 4 to 6 members. The team presentation will be 40 minutes in length and every member in the team should participate in the presentation. Before presentation, the team has to submit PowerPoint slides on the case it analyzed and presented. Many of you may not be familiar with case analysis, so the following comments are offered as a guide. Identify the problem: identify a particular challenge presented in the case and address your comments to a particular problem. This is an important step. The value of the remainder of your analysis hinges on identifying an important problem. 2. Offer solutions to the problem: draw from the case a set of feasible solutions. This step helps to limit your analysis to a finite set of choices. 3. Develop criteria for solving the problem: from the case material, state your approach to solving the problem. What are the relevant considerations? How do you choose among the alternative solutions? This step allows you to demonstrate your ability to critically analyze the solution. Apply the criteria to the offered solutions: in a straightforward manner, develop a ranking of the offered solutions. Make your recommendation: your ranking will reveal a first best solution. State what conditions your solution depends on, and perhaps offer comments as to how this solution can be implemented. Case Presentation Grading: case presentations and written reports will be graded on a 100-point scale. More points will be given to case analyses that demonstrated an understanding of a fundamental challenge in the case, and present a persuasive argument for your proposed solution. Closing Note: The timetable and any other sections of this syllabus are subject to change and improvement as the course unfolds. SCHEDULE OF CLASSES AND ASSIGNMENTS ( FALL 2010 ) WEEK| DATE| TOPIC| READING ASSIGNMENT| 1| Sep. 1| Course Introduction| Class Orientation| Sep. 6| Case Study| Three Case Presentation| 2| Sep. 8| Foreign Market Entry| ? : (55? )* Liability of Foreignness* Competitive Advantage (Firm-specific Advantage)| | Sep. 13| Foreign Market Entry| ? : (55? )* Liability of Foreignness* Competitive Advantage (Firm-specific Advantage)| 3| Sep. 15| Foreign Market Entry| ? : - * How Is the Firm’s Competitive Advantage Created? * Article: Competitive Advantage of Nations †“ Michael Porter| | Sep. 20| Foreign Market Entry| ? : - * How Is the Firm’s Competitive Advantage Created? | 4| Sep 27| Foreign Market Entry| ? Entry Mode/ Entry Timing| | Sep 29| ( I )Int’l Business Environment| ? Understanding MNCs (Who is us? ), | 5| Oct. 4| ( I ) Int’l Business Environment| ? Globalization| | Oct. 6| ( I )Int’l Business Environment | ? Localization/ Regionalization| 6| Oct. 11| ( II )Int’l Financial Environment | ? Economic Exchange Rate Terminology (Exchange Rate, Appreciation/Depreciation) –| | Oct. 13| ( II )Int’l Financial Environment| ? Economic Exchange Rate Terminology (Exchange Rate, Appreciation/Depreciation) –| 7| Oct. 18| ( II )Int’l Financial Environment| ? Sources of US Dollar supply and demand- Chapter 7| | Oct. 20| Mid-term Exam| | 8| Oct. 25| Mid-term Exam| | | Oct. 27| | *Time for Group Meetings amp; Instructor Consultations onAssigned Cases| 9| Nov. 1| | *Time for Group Meetings amp; Instructor Consultations onAssigned Cases| | Nov. 3| Case Study| (1) Clearwater Seafoods| 10| Nov. 8| Case Study| (2) Splash Corporation(A): Competing with the Big Brands| | Nov. 0| Case Study| (3) Splash: Ready to Make Waves| 11| Nov. 15| Case Study| (4) ACH Challenge 1: Entering International Trade| | Nov. 17| Case Study| (5) Netcare’s International Expansion| 12| Nov. 22| Case Study| (6) Ribe Maskinfabrik A/S: Dveloping New Business Areas| | Nov. 24| Case Study| (7) Lundbeck Korea| 13| Nov. 29| Case Study| (8) Eli Lilly in India| | Dec. 1| Case Study| (9) Camron Auto Parts| 14| Dec. 6| Case Study| (1 0) Wil-Mor Tech| | Dec. 8| Case Study| (11) Carrefour China| 15| Dec. 13| | Reading Day| | Dec. 15| Final Exam| | 16| Dec. 20| Final Exam| | | | | |Ã'„

Themes of the Odyssey

Themes of the Odyssey Free Online Research Papers In The Odyssey hospitality is noted as one of the main themes seen throughout the entire story and is one of the most significant key concepts; without hospitality nothing can be achieved or civilized. In books 6-8 of The Odyssey the theme of hospitality is apparent through the actions of the Phaecians. Odysseus is washed upon the island of Scheria, and is found by the daughter of Alcinous, king of the Phaecians and is treated with utmost respect and hospitality, seated in the guests’ place of honor. Homer also explores the theme of hospitality, where Odysseus, disguised as a beggar, approaches his old and faithful servant, the swineherd, Eumaeus, and his son, Telemachus. Odysseus gets up from the chair to give Telemachus room to sit but is stopped and instead is welcomed to sit for himself. â€Å"Friend, sit down; we’ll find another chair in our own hut†¦ (692).† Even though Telemachus has just arrived home after a long journey from Sparta and Pylos he still kindly welcomes the stranger to sit while he waits for Eumaeus to make him a new pile of evergreens and fleeces tomany more other examples of hospitality in the book Homer makes us realize and understand how important it is to show hospitality in Greek culture. Hospitality is an important diplomatic and social custom. Homer emphasizes in The Odyssey the significance of hospitality to the point where it is almost a religion. By making these cultural constructs an important part of many of the aspects of the life of the Greeks culture, we humans can learn and put some of their values and morals into our own. The lessons that are exhibited from the Greeks are key not only back in the times of the ancient Greeks, but to this day. Hospitality promotes brotherhood and holds special significance for bringing people closer, with love and kindness. It is the ability to meet the basic needs of aid to external care to person or strangers beyond one’s immediate circle of friends. Most people say the more you love the more it multiplies and you receive back many more times the kindness you give. Hospitality binds people together in bonds of love, increases the value of friendship and makes the atmosphere glow with human warmth. With hospitality we can focus on the positive and believe the universe is basically a friendly place. The Odyssey nearly serves as a Greek guide to hospitality which is such a dominant concept in Greece, and is very useful and needed in to days world. In Homer’s The Odyssey main characters receive warmth hospitality throughout their journeys from others, usually without even to give their names. Another personal virtue that is a major theme in the epic is loyalty. Loyalty is needed to achieve and learn the importance of goals and values. The most striking example of loyalty in the epic is, of course, Penelope, who waits faithfully for 20 years for her husband’s return. Penelope is so faithful and loyal to the point that even after Odysseus wins the match by stringing the bow, Penelope tests him. â€Å"If he really is Odysseus, truly home, beyond all doubt we two shall know each other better than you or anyone. There are two secret signs we know, we two (706).† Another example is Telemachus, who stands by his father against the suitors. Odysseus’ old nurse, Eurycleia, remains loyal to Penelope and her absent master, serving with respect. In the second stanza of Homers The Odyssey it is written: â€Å"He saw the town lands and learned the minds of many distant men, and weathered many bitter nights and days I his deep heart at sea, while he fought only to save his life, to bring his shipmates home. But not by will or valor could he save them, for their own recklessness destroyed them all- children and fools they killed and feasted on the cattle of Lord Helios, the Sun†¦ (651).† In this sentence it is very ironic that Odysseus fights to save his life to save his ship mates even though that he can do nothing to save them. But even though Odysseus knows that no matter what he does he can not save his men, he still tries. Another I tried to say ‘Untie me!’ to the crew, jerking my brows; but object. Here Odysseus shows his loyalty once again to his fellow friends and demonstrates his faithfulness. Without the presence of loyalty a strong relativity can never be built. Such as the relationship between Penelope and Odysseus which brought them together at the end. Loyalty is a virtue that is a must in almost everything human beings take part in life. Loyalty to family, community, and the gods is an important quality in the lives of ancient Greek citizens. These qualities are clearly demonstrated in The Odyssey through Penelope, Telemachus, and Odysseus. Loyalty is a moral standard, and is needed in modern society. Research Papers on Themes of the OdysseyHarry Potter and the Deathly Hallows EssayComparison: Letter from Birmingham and CritoCanaanite Influence on the Early Israelite ReligionThe Masque of the Red Death Room meaningsAssess the importance of Nationalism 1815-1850 EuropeWhere Wild and West MeetMind TravelPersonal Experience with Teen PregnancyAnalysis of Ebay Expanding into AsiaAnalysis Of A Cosmetics Advertisement

Strategic Business Essay Example | Topics and Well Written Essays - 2750 words

Strategic Business - Essay Example According to the official website of Red Cross, the history of Red Cross is very interesting and it dates back to 1859, when a Swiss Banker, Henry Dunant whilst travelling in northern Italy came across the aftermath of the battle of Solferino. The huge disaster encouraged him to found a nonprofit organization in 1863 with the name International Committee of the Red Cross and after about 140 years, more than 186 National Red Cross societies were present all around the world. In Australia, Red Cross was established in 1914 by Lady Munro Ferguson after nine days of First World War. Australian Red Cross office is located in Melbourne and it is offering services in more than 60 communities there. The different kinds of community services provided by Australia Red Cross include the disaster services, refugee services, first aid and health services and blood services. Australian Red Cross Shops have been established by Red Cross organization and they are offering stock of big fashion at very reasonable and small budget. More than 35 shops are operating in the state (Red Cross n.d.). Australian Red Cross Shops are offering a variety of products including new and pre-loved clothing, medical equipment, baby products, baby kits, electric homeware, car seat etc. The Red Cross Shops are staffed by the volunteers and the income generated from shops is a source of fund for Red Cross. The political factors directly impact the operations of the organizations in Australia. For example, on 2 May 2010, the Federal Government of Australia declared the agenda for future tax system of Australia and this announcement affected all companies, small businesses and nonprofit organizations (Third Sector Magazine 2010). The review specially focuses on not-for-profit organizations which according to the review face inconsistent state and federal regulations in Australia. Since the corporate sector is the major