Graduate Certificate in International Business
Students shall select any three courses :
Economics is an important subject that affects the way we live in not only the United States but internationally for countries who use the market system to determine the allocation of resources in their society. The aim of this course is to help students understand the operation of a market system in an international setting and to explore the nature and organization of various societies and the arguments underlying many of the great global public issues of the day in an international setting, and to understand the operation and behavior of international business firms and other decision-making entities through the study of the principles of international economics useful to students in the international MBA program.
Human beings are the most crucial components of any organization as all other company assets are always subject to human decisions. Recruitment, management and training of the workforce are then crucial tasks that contribute to the company’s success and can even be decisive for its survival. This is true whether we are considering domestic companies or international companies. This course focuses on the study of human management principles as they reflect on the basic assumption of treating employees as investments benefiting a company in the long run from the international perspective. The class is designed as an overview of traditional functions of international human resource (IHRM) management and an examination of its governing mechanisms contributing to the success of an organization. Compensation, staffing, training, labor relations and employee performance evaluation are studied from an international perspective among other aspects of international human resource management.
In our increasingly globalized world, accounting students need to understand the main features of financial reporting practices as they differ in different countries so that they will be able to distinguish accounting and reporting differences that would otherwise give rise to problems for report readers. It is also vitally necessary to understand the ongoing efforts to harmonize standards using International Financial Reporting Standards (IFRS). The course aims to give participants a thorough grounding in the key principles of accounting while enabling them to understand the major features of the international IFRS standards. The course shows the links between accounting statements, valuation methods and investment analysis. The course also reviews important technical areas of differences among accounting systems such as inventory valuation, the use of reserves, consolidations, and taxation of income. The student will be able learn to identify problems in international harmonization while appreciating the capital market efficiencies to be gained from harmonization of international accounting standards.
International Marketing frequently requires major changes in how organizations conduct business in a global marketplace. It is a necessity for today’s business leader to be aware of the implications of marketing strategies and how they are employed in different countries with different cultures. This course focuses on identifying and meeting the needs of specific international target markets through close interaction with managers from other functional areas, such as promotion, finance, accounting and human resources.
We are observing a fundamental shift in the nature of geopolitics. No longer will global business leaders focus on one or two stock markets, currencies, economics or political leaders. Today’s business environment is far too complex and interrelated for that. Nation states and multinational corporations will remain both powerful and important. Global networks comprising technological, entrepreneurial, social and environmental interest groups will remain powerful. Future economic and business endeavors will increasingly be characterized by a search for common ground, productive partnerships, and mutual benefit. This course will focus on developing a deeper understanding of how and why management practices and processes can differ around the world, and the development of the skills necessary to function successfully in this international business environment.
This course covers material essential to a comprehensive understanding of international financial management. Topics will include, but not be limited to, foreign exchange markets, the global cost of capital, corporate strategy and foreign investment and multinational capital budgeting.
Intercultural communication is international communication across national boundaries involving many different cultures. There is a wide range of communication problems that naturally appear when one moves across national boundaries, and within organizations which are made up of individuals from different countries representing different religious, social, ethnic, and educational backgrounds. Intercultural communication seeks to understand how people from different countries and cultures behave, communicate and perceive the world around them quite differently. From a management perspective, it studies situations where people from different cultures interact in a business environment. The purpose of this course is to gain an understanding of the variations in language, customs, social attributes, thought patterns, and other aspects of cultures of different groups of people. An understanding of intercultural communication is essential for the conduct of international businesses. It is the purpose of this course to provide this understanding.
Supply Chain Management involves the flows of materials and information among all of the firms that contribute value to a product, from the source of raw materials to end customer. The goal of this course will be to help students understand the strategic importance of good supply chain design, planning, and operations for every firm, to provide students with the use of key drivers on a conceptual and practical level to improve supply chain performance, and to give students a solid understanding of analytic methodologies for supply chain analysis necessary to achieve significant increase in performance.
Students will be required to analyze a number of business case studies which deal with issues relevant to doing business in China in the areas of macroeconomics and business environment analysis, marketing strategy, operations and innovation, acquisition, and sustainability development. The use of cases for this course creates a learning environment where students succeed not only by identifying and solving the right problems but also by developing and exercising skills of leadership and teamwork in the face of real problems in real organizations. Guided by the professor, students will have to cooperate, analyze and synthesize conflicting data and points of view of doing businesses in a culture different from the West. The objective is to define and prioritize goals, to persuade and inspire others who think differently and seek consensus, to make difficult decisions with uncertain and incomplete information, and to recognize opportunities in the face of doubt. All of these objectives are necessary for today’s managers in a world of increasingly globalization.
What explains the competitiveness of industries in Japan, South Korea and Taiwan? What is the best way to do business in those nations? This course examines the origins, characteristics and dynamics of the business and economic systems of Northeast Asia (Japan, South Korea and Taiwan) and provides conceptual tools for understanding how to succeed in doing business in those regions. Attention will be placed on the roles of corporate conglomerates, interpersonal/business networks and government directive planning in creating industrial and economic success for these regions. The economic, cultural and social context of the countries will be analyzed to enable the student to function effectively when doing business in the region. Cases will be utilized in order to examine key factors for success for multinational businesses and industries these markets. The three nations share geopolitical and economic interests and their business systems are best studied by recognizing their common economic and political interests. North Korea is also discussed and contrasted to Japan, South Korea and Taiwan.
Asia continues to become an increasing important region for economic activities and international trade in our increasingly global world with Southeast Asian economies playing an important role. The countries of ASEAN are located mostly between of the world’s great civilizations which are now two growing economies, China and India and the countries of the region have been influenced by both civilizations. The objectives of this course include increasing exposure to and knowledge of the region’s various culture, economies and business practices. Students will explore the region as a whole as well as a collection of individual countries.
While the countries of North America would be considered to be mature economies, the countries of South and Central America would fall into the categories of developing countries though there is great variation in the stage of development. Some, such as Brazil, are developing quite rapidly but less so in a number of the Central America countries. The question becomes one of what is the best way to do business in those nations at their various stages of development? This course examines the origins, characteristics and dynamics of the business and economic systems of South American countries as compared to North America, and provides conceptual tools for understanding how to succeed in doing business in those regions. Attention will be placed on the roles of corporate conglomerates, interpersonal/business networks and government directive planning in creating industrial and economic success for these regions of South America. The economic, cultural and social context of the countries will be analyzed to enable the student to function effectively when doing business in the region. Cases will be utilized in order to examine key factors for success for multinational businesses and industries these markets. Many of the nations share geopolitical and economic interests and their business systems are best studied by recognizing their common economic and political interests.
This course will provide an in-depth analysis of the business practices, investment and trading opportunities, financial structures and the legal system in the three countries making up the North American economy - the United States, Canada and Mexico which was created by the North American Free Trade Agreement. The relative strengths and weaknesses of these economies will be assessed and suggested courses of action for doing business in North America. Overviews all offer a wealth of information on the demographics, infrastructure, and business opportunities in North America.
While India is a rapidly developing country, most countries of the Middle East are at various stages of development which is hindered by seemingly endless armed conflicts. The question then becomes what is the best way to do business in those nations? This course examines the origins, characteristics and dynamics of the business and economic systems of India and the Middle East and provides conceptual tools for understanding how to succeed in doing business in those regions. Attention will be placed on the roles of corporate conglomerates, interpersonal/business networks and government directive planning in creating industrial and economic success for these regions. The economic, cultural and social context of the countries will be analyzed to enable the student to function effectively when doing business in the region. Case studies will be utilized in order to examine key success factors for multinational businesses and industries in these markets. The nations of the Middle East, while relatively small in size, share geopolitical and economic interests and their business systems are best studied by recognizing their common economic and political interests. By comparison India,while a very large country, also has a great variety of religious, social, and political variations and the impact of these variations will be studies in terms of business opportunities for multinational companies.