INTERNATIONAL BUSINESS MANAGEMENT

Basic Courses

Importance of Accounting and accounting information, ethical standard for professional accountants, conceptual framework, double–entry system, analyzing and recording business transactions, flow of accounting data, trial balance, adjusting process, closing the books and completing the accounting cycle, preparation of the financial statements, accounting for merchandising and service organizations, voucher system, fraud, internal controls and Cash.

Purpose and major characteristics of Managerial Accounting, the reporting of manufacturing activities, cost concepts, cost accounting systems, cost-volume-profit analysis, tools for management using in short-term and long-term decision makings, preparation of master budget and Financial Statements analysis.

Theories, concepts and functions of the management process, the organization of business operations, management responsibilities, and different environments.

This course provides an introduction to the basic tools of economics and provides a rigorous framework for understanding how individuals, firms, markets, and governments allocate scarce resources. Students will learn microeconomic concepts relevant to management including; pricing decisions, risk aversion and risk sharing, moral hazard, and adverse selection. The focus of the course is on the application of economic tools rather than a purely theoretical understanding.

The legal system governing business transactions. The legal environment in which businesses operate, relating to general partnerships, limited partnerships, limited liability companies, small closely-held corporations, and large publicly-traded corporations. Topics covered include contracts, sale of goods, insurance, international law, consumer protection legislation, warranties, product liability, and other consumer law subjects.

The meanings, assumptions, concepts, roles and functions of marketing, the marketing structure, along with the processes of segmentation, selecting target markets, analyzing consumer behaviors, conducting marketing research, and preparing the marketing mix are covered in this course.

This course focuses on the effective communication within the business environment where students will learn how to write, talk and behave in entrepreneurial scenarios. The use of polished writing and formal vocabulary, as well as critical thinking, problem solving, leadership and motivational attitude are some of the skills that will be studied in this course.

This course emphasizes data analysis as it relates to business decision-making. Topics include comparisons involving means and proportions, ANOVA, correlation and linear regression, and multiple regression.

This course is designed to provide the student with some foundational ideation/ innovation concepts as well as engaging the student in reality-based ideation. The objective is for the student to develop their awareness and abilities in understanding the role ideation/innovation plays in today’s value creation process. This is an experiential course that explores the student’s creativity and skills to generate business ideas and concepts. Once ideas are developed, the class works on strengthening the ideas and concepts and developing these into prospects for start-ups. Finally, a venture screening filter is introduced and the field is narrowed to high potential business.

Foundation of business finance; goals and function of finance with the tools and techniques of financial analysis for decision making and control; management of assets; financial and dividend policy and financial problem solving.

Major Requirements

Introduction to international business; reasons for international business and the attractiveness of international business for firms discussed; the discussion covering the nature and characteristics of MNEs as well as specific issues like international finance, international production, international marketing and international human resource management also touched upon.

Concepts and functions of human resource management, recruitment, selection, training and development, career planning, promotion, compensation, discipline, termination, merit and incentives for national and international employees.

The meaning, principles, importance and process of operation, material management, principles, operational systems and service system design, management and service standards, as well as automation technology and logistics.

An examination of impact of culture on managerial thinking ; the origins and components of culture ; an analysis on the influence of religion and culture ; emphasis made on understanding of different cultures and modification of strategies for culturally sensitive issues.

The global business environment and its impact on international marketing; the topics addressed include market segmentation, target market selection, product positioning, consumer behavior, product development, pricing, distribution, and promotional strategies along with discussions regarding the suitability of each in an international marketing scenario.

The process of generating data and information for decision making. Emphasis is on research design: exploratory, descriptive and causal; methodologies in measurement and scaling, sampling and field work; basic parametric and non-parametric techniques of data analysis are discussed.

This course serves as an introduction to the international financial environment in which a multinational firm operates and to financial management in an international context. Macro-economic topics include the international flow of funds between countries, international financial markets and instruments, exchange rate determination, and international parity relationships. Aspects of international financial management addressed in this course include currency forecasting, exchange rate risk management, multinational capital budgeting, short- and long-term financing.

In this capstone course, students learn and apply powerful frameworks and methodologies that are useful not only for planning and launching entrepreneurial ventures, but for corporate -business-development and, market-entry as well. Real- world lessons from entrepreneurs and investors are supplemented by a term-long project that entails students researching and developing a business/project plan and investor presentation with the goal being for students to reach a pre-launch stage, with the professor’s coaching.

The principles and process of strategic management, strategic planning tools, the function, control and evaluation of strategic management in profit and non-for-profit organizations as well as case study analysis.

This is the capstone for IBM students. This course gives the students a deep understanding on the different business strategies companies can adopt when expanding their operations overseas. Each strategy is studied in detail by analyzing successful companies, the environments that are in and the factors to take into account when choosing one over the other depending on the business models and also on the areas to expand

Major Electives

Select 5 subjects for a total of 20 credits from the following;

Leadership and Management Minor

The types of leadership and recognition of the problems faced by leaders in various working situations, understanding the role of the first-line supervisor and his subordinate exploration of theories of worker motivation and their application, nature and character of influential leaders.

The types of leadership and recognition of the problems faced by leaders in various working situations, understanding the role of the first-line supervisor and his subordinate exploration of theories of worker motivation and their application, nature and character of influential leaders

Step-by-step management of business projects, marketing projects; production, resource management, calculation of the socio-economic cost effectiveness of environmental projects; evaluation of project efficiency and effectiveness

Consumer behavior, as well as its role within the company’s marketing strategy; along with an examination of the concepts of motivation, perception, personality, learning and attitudes and impact on the purchasing decisions of consumers are discussed.

This course introduces students to the concept of business ethics. Student will learn how to make decisions when dealing with ethical issues in personal life and in business situations. They will also be able to learn how to create a non-profit organization and measure the social impact of their activities.

International Trade Minor

Practical, technical and procedural aspects of export and import business operation; successive steps in the promotional, organizational and financial development of international sales and purchase including analysis of international trade terms, sales terms, documentation and governmental regulations.

Definitions and concepts related to economic integration, types and characteristics of economic integration; conditions and policy, theories, impacts on the members and outside countries, using cases of AFTA, ASEAN, NAFTA, APEC, OPEC, EU and others.

This course is focused on a deep understanding on how to do business across the Asian countries, the role of the ASEAN and other economic unions as well as the different business strategies, operations, models and ways to succeed in each one by looking into current companies and potential opportunities.

This course examines how state and non-state actors interact and define global politics. It also introduces students to the subfields of international relations: international security, international political economy, foreign policy, international relations theory, international organizations, human rights, and international law.

This course explores and critically evaluates the basic assumptions underlying the major competing theories and visions of international development; examines how these theories and visions influence development institutions, programs and policies; and assesses ways to measure in a more analytical fashion some of the propositions that emerge from these theories and visions. The course also considers the likely costs as well as benefits of development strategies and programs, with particular attention to the impact on the most vulnerable members of society.

Entrepreneurship Minor

This course aims to develop students’ cognitive framework to be ready for the entrepreneurial opportunities and challenges they will face in their careers. The entrepreneurial mindset cognitive framework consists of Vision, No Fear of Failure, Creativity, Initiation and Passion. With this entrepreneurial mindset framework, students will be prepared and be ready for entrepreneurial opportunities and challenges in their lives and careers.

This course focuses on the financial aspects of entrepreneurship. Students will develop fundamental knowledge and financial skills specific to each entrepreneurial stage. First, this course will provide financial tools at the opportunity stage to help entrepreneurs to evaluate and assess their business opportunity and new venture idea. Second, it will provide basic strategies to identify and access sources of funds during the business venturing stage. Lastly, it will help entrepreneurs to plan for firm growth, and to consider liquidity events such as initial public offerings, sales and mergers.

This course provides fundamental knowledge of social entrepreneurship. Through this course, students will learn the basic definition and nature of social entrepreneurship and how it is different from entrepreneurship in typical business environments. They will be

able to understand the value of social entrepreneurship to create positive social change, and to foster economic and social equality. Lastly, they will learn how to design social entrepreneurship business models that are both successful and sustainable.

This course will develop students’ fundamental knowledge and competencies in Small Medium Enterprise (SME) management. This course starts by teaching the skills and strategies necessary to operate and succeed using limited resources. A second SME topic area deals with how to design an effective organization and instill a high performing culture. Finally, it highlights basic strategies for career development and succession planning for SMEs.

This course focuses on the practical action stages of entrepreneurship. That is, without action, entrepreneurial ventures do not exist. Students learn the theoretical side of entrepreneurial behavior through effectuation theory. By applying effectuation theory, students will learn how to choose goals and take action like entrepreneurs. Students learn to base decisions and actions on situation analysis and resources available using experiential teaching methods. This would be the capstone course if the entrepreneurial track becomes a concentration in the future.

Internship

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