Introduction to International Business, Part I
What you'll learn
- Articulate a broad understanding of the international business environment.
- Explain practical ways that cultural, political, and economic factors influence doing business abroad.
- Define how the environment and the capabilities of the firm determine the strategic alternatives available to the international executive.
- Identify the critical issues needed to develop firm-specific business strategies.
- Explain ways that cultural, political, and economic factors influence current events in international business
- Appreciate the ethical complexities of international business.
Requirements
- No prerequsites required!
Description
We live in a world of intensifying global relationships, one in which international business has become the key determinant of economic development and prosperity. This course, Introduction to International Business, Part I, introduces students to a fundamental understanding of the socioeconomic, political, cultural, and linguistic environment in which international businesses operate. This course utilizes an inquiry-based approach to understanding country-level relationships in the global business environment. It surveys the global business environment by asking and answering key questions about society, the global economy, cultures, institutions, and languages. The questions we will ask are: 1. What is Globalization? 2. Is Globalization New? 3. How do Political and Social Institutions impact National Economic Development? 4. What is the role of Culture? 5. What are the Gains from Trade? 6. Free Trade, Free-r Trade or Managed Trade? , Part II will look at additional questions including 7. What are Foreign Currencies and how are Exchange Rates Determined? 8. What does the current global business environment look like? This inquiry-based approach creates reflective opportunities for students to better understand the environment in which businesses operate. Lectures are delivered in an engaging manner, which encourages reflection and inquiry. This course is taught at the introductory college level but is open and accessible to learners of all backgrounds.
Who this course is for:
- Anyone hoping to learn more about the international business environment
Instructor
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Doug Thomas is a professor of international business and strategic management at the Anderson School of Management of the University of New Mexico. He earned his PhD in Strategic Management and International Business from Texas A&M University and joined UNM in 2001. He has also served as Anderson's Faculty Chair and as Associate Dean. He holds a BA in economics from BYU. In addition, he has taught international business, strategy and entrepreneurship courses at Texas A&M University, Brigham Young University, the University of Texas at San Antonio, Tulane University, the University of North Texas, Louisville, FUCAPI (Brazil), and UAQ (Mexico). He is fluent in Spanish and previously worked as an internal consultant to American Express in Mexico City. He has also led students on studies abroad for many years to Mexico. He has published on international business and strategy in Journal of International Business Studies, Management International Review, Journal of World Business, International Business Review, Journal of Business Research, Journal of International Management, as well as other outlets. While at Anderson, he has provided organizational, strategic, data analytic and expert witness consulting for a variety of organizations including start-ups, non-profits, and governmental agencies. He also offers several courses on entrepreneurship and international business in English and in Spanish on Coursera; over 125,000 students in total from over 100 countries have registered for these courses.