Domestic and Global Business Environment

BA 7000 Domestic and Global crinkle Conditions Bradley T. Ewing, Ph. D. Jerry S. Rawls Professor in Operations worry Area of ISQS Office BA 164A Phone 742-3939 Email bradley. emailprotected edu MBA Summer 2009 contour DESCRIPTION BA 7000 Domestic and Global contrast Conditions This course is conceive to help schoolchilds pullulate a better understanding of the internal and planetary environments in which US line of persistes compete. Specifically, this course takes a satellite- compute of marts in which trustys compete, including merchandises for goods and services money, bonds and stocks in countenance exchange and labor.These markets atomic number 18 examined individually and as a system. Particular stress is placed on studying the interactions among all markets in read to cumulate a better understanding of how domesticated help and global ancestry conditions displace the formulation and implementation of business strategies. COURSE OVERVIEW This course exa mines the fundamentals of business conditions analysis with an emphasis on how domestic and global business conditions take up the formulation and implementation of business strategies. Specifically the primary goals of this course ar to enable you to Recognize the relevance of domestic and global business conditions to managerial decision-making and immobile performance, and to utilize business principles to relate to business issues and the marketplace. Understand the mechanisms of the domestic and global business environment deep down the encompassing social, political, industrial and frugal contexts. Explore the nature of business conditions and the implications for decision-making, research, business and policy. Analyze the firm, fundamental law, or practices and its trading operations from a domestic and global systems perspective.Acquire a skill set of analytic tools that go away increase your human capital. BOOKS & MATERIALS These maintains are fairly quick a nd aristocratic to read The Undercoer Economist by Tim Harford The Tipping Point How Little Things faeces Make a Big Difference by Malcolm Gladwell Freakonomics A scamp Economist Explains the Hidden Side of Everything by Steven Levitt and Stephen Dubner Travels of a T-Shirt in the Global Economy by Pietra Rivoli Articles Who Supplied My Cheese? Business Economics, October 2005. ( pull up stakes be affix on my web site www3. tltc. ttu. du/ewing) Streng and thening Globalizations invisible Hand, Business Economics, October 2006. (will be posted on my web site www3. tltc. ttu. edu/ewing) other(a) Economics for Dummies (contains background, reference material) Online Lecture Notes a set of PowerPoint slides (in pdf) available on my web site (http//courses. ttu. edu/bewing). You should use these to supplement the e-delivery lectures You should read Economics for Dummies in its entirety before reading any of the other harbours or doing the assignments. Additionally, you should vie w the lectures on DVD concurrently with your reading of Economics for Dummies.Reading Economics for Dummies and backwash the lectures prior to doing the assignments will help you understand the material and it should help you bum almost the best tier up possible. LEARNING OBJECTIVES 1. Develop students exponent to think in business terms and about the conditions surrounding their operating environment. 2. Develop students ability to view make-ups from a domestic and global business systems perspective. 3. Build students analytical skills for conducting business analysis. 4. Provide students with the opportunity to develop strategies for real world problems, and to develop decision making skills. . Integrate familiarity gained in other business experiences. Course Topic Guide Material to be covered Business Conditions Concepts and Analysis Introduction to business conditions, concepts and analysis Operating a firm within the domestic and global environment Global miserliness and the federal authoritative Reserve Economics of Risk risk analysis (perception & communication), risk forethought & decision making Value substructure, Supply Chain Economics Business model integrating economics, operations & strategy Note You may transfer a set of PowerPoint slides to accompany the lectures.COURSE REQUIREMENTS AND GRADING All assignments need to be emailed to me with the course title and semester (i. e. , MBA BA 7000 Summer 2009) clearly pen in the subject line. I will acknowledge receipt of your assignments usually within 24 hours. Due to the amount of spam and the use of a dust mail filter, do no assume that I invite authorized your assignment until you have received an acknowledgement from me (Note please use your official Texas technical school email account so that way your email has a better chance of getting through).General Guidelines for indite Work All written blend prepared outside of distinguish should be typewritten and contain a cov er rascal with your name, course number, date, and title. Where rogue lengths are noted for ill-tempered assignments, the page lengths assume 12 point font, 8 1/2 by 11 paper, double spaced type, and one inch margins on all sides. In cases where 12 pitch type is not available, page lengths should be adjusted proportionately. Please include a cover bed sheet for all attain which includes your name along with the date and subject of the final cause. Written work will be graded for both content and quality.That is, grammar, punctuation, spelling, coherence, style, and organization will be considered. A concise style is essential. Corporate executives repeatedly emphasize the need for business schools to do a better traffic of preparing MBAs to write in an organizational context. The standards applied to writing quality will approximate those applied to major(ip) corporate documents that have been prepared for broad distri howeverion among senior executives. In order to receive a grade of B in the course the student will need to do B quality work on each of the above assignments.In sum to the above assignments, students will need to do B quality work on the following assignments (1-4) appointment 1 twisting in a 2-3 page reexamination of The Undercover Economist. In your review denomination of the book signalize key points that you think will be valuable to you (or, in several(prenominal) cases, for a grouchy industry, the domestic or global economy) in the days to come. Additionally, find out what split, if any, of the book were a waste of your period to read. I besides want you to identify what parts of the book relate to the lectures.Next, hold forth how you would/could advantagefully impart the major points of the book in an organization (of your choosing but presumptively in the study of your elect profession). Discuss potentiality pitfalls (i. e. , areas that are in particular vulnerable to success and gum olibanum provide examp les of how these major points have been unsuccessfully applied in the organization of your choosing). Discuss how you would (e. g. , if you were to be consulted or had been consulted) apply some of these tools and knowledge differently to the organization in the future. wherefore on a home base of 1 to 10 (ten being the best) defecate an overall estimate of the book. Assignment 2 Turn in a 2-3 page critique of The Tipping Point. In your critique of the book identify key points that you think will be valuable to you (or, in some cases, for a particular industry, the domestic or global economy) in the years to come. Additionally, identify what parts, if any, of the book were a waste of your time to read. I also want you to identify what parts of the book relate to the lectures.Next, question how you would/could successfully apply the major points of the book in an organization (of your choosing but presumably in the field of your chosen profession). Discuss potential pitfalls (i. e. , areas that are especially vulnerable to success and thus provide examples of how these major points have been unsuccessfully applied in the organization of your choosing). Discuss how you would (e. g. , if you were to be consulted or had been consulted) apply some of these tools and knowledge differently to the organization in the future.Then on a scale of 1 to 10 (ten being the best) give an overall judicial decision of the book. Assignment 3 Turn in a 2-3 page critique of Freakonomics. In your critique of the book identify key points that you think will be valuable to you (or, in some cases, for a particular industry, the domestic or global economy) in the years to come. Additionally, identify what parts, if any, of the book were a waste of your time to read. I also want you to identify what parts of the book relate to the lectures. Next, discuss how you would/could uccessfully apply the major points of the book in an organization (of your choosing but presumably in the fie ld of your chosen profession). Discuss potential pitfalls (i. e. , areas that are especially vulnerable to success and thus provide examples of how these major points have been unsuccessfully applied in the organization of your choosing). Discuss how you would (e. g. , if you were to be consulted or had been consulted) apply some of these tools and knowledge differently to the organization in the future.Then on a scale of 1 to 10 (ten being the best) give an overall assessment of the book. Assignment 4 Turn in a 2-3 page critique of Travels of a T-Shirt in the Global Economy. In your critique of the book identify key points that you think will be valuable to you (or, in some cases, for a particular industry, the domestic or global economy) in the years to come. Additionally, identify what parts, if any, of the book were a waste of your time to read. I also want you to identify what parts of the book relate to the lectures.Next, discuss how you would/could successfully apply the majo r points of the book in an organization (of your choosing but presumably in the field of your chosen profession). Discuss potential pitfalls (i. e. , areas that are especially vulnerable to success and thus provide examples of how these major points have been unsuccessfully applied in the organization of your choosing). Discuss how you would (e. g. , if you were to be consulted or had been consulted) apply some of these tools and knowledge differently to the organization in the future. Then on a scale of 1 to 10 (ten being the best) give an overall assessment of the book.In order to receive a grade of A in the course the student will need to do A quality work on each of the above assignments. In amplification to the above assignments, students will need to do A quality work on the following two assignments (5-6) Assignment 5 Turn in a 2-3 page critique of the articles Who Supplied My Cheese? and Strengthening Globalizations Invisible Hand,. In your critique of the article identify key points that you think will be valuable to you (or, in some cases, for a particular industry, the domestic or global economy) in the years to come.Additionally, identify what parts, if any, of the article were a waste of your time to read. I also want you to identify what parts of the article relate to the lectures. Next, discuss how you would/could successfully apply the major points of the article in an organization (of your choosing but presumably in the field of your chosen profession). Discuss potential pitfalls (i. e. , areas that are especially vulnerable to success and thus provide examples of how these major points have been unsuccessfully applied in the organization of your choosing). Discuss how you would (e. g. if you were to be consulted or had been consulted) apply some of these tools and knowledge differently to the organization in the future. Then on a scale of 1 to 10 (ten being the best) give an overall assessment of the article. Assignment 6 Value Creation Pr oject The Value Creation envision consists of a written report. VALUE CREATION DISTANCE LEARNING couch OUTLINE In this assignment I want you to select an vivacious company and then select a rustic (or, if doing a project related to Wind Energy, you may choose a region of the US or the offshore) to which you want the chosen company to expand.Next, I want you to look into the external environment of the uncouth to which the firm plans to expand and compare it to the domestic environment in the firms home country. I then want you to discuss how good of a fit the new countrys environment is for your chosen firm. Specifically discuss What macro-environmental trends are germane(predicate)? What are the contending forces in the industry? What forces are changing the industry over time? Are there key competitors that present opportunities or challenges to the firm?Define opportunities as favorable conditions in the external environment, define threats as unfavorable conditions in the external environment, and conduct an environmental scan. Additional factors about the chosen country that you may want to consider when doing the environmental and emulous analyses. Each sub-section (i. e. , A, B, C, D, E, F) should be about 2-3 pages. Thus, since there are two major parts (i. e. , I and II), the overall length should be around 24-36 pages. Additionally, a cover page and a references section are required (but do NOT count in the page length suggestions).The absolute page limit (not including the cover sheet and references) is 40 pages. A full earn grade will be deducted on any project prolonged than 40 pages. No exceptions. Please follow this outline carefully. I. General environmental Analysis A. Economic 1. Overall level of development 2. Economic harvest GDP and industry 3. Role of distant trade in the economy 4. Currency inflation rate, currency controls, stability of exchange rate 5. repose of payments 6. Per capita income and diffusion 7. Disposable in come and spending patterns B. Social/Cultural 1.Population size, growth, density, distribution (urban/rural) 2. Literacy rates, breeding levels 3. Existence of middle class 4. Similarities and differences in relation to companys home market 5. Language and other cultural considerations C. governmental 1. System of government 2. Political stability and continuity 3. Ideological orientation 4. Government involvement in business 5. Attitudes toward foreign business 6. National economic and development priorities 7. social rank in regional trade organizations D. Technological E. Physical 1. Physical distribution and communications network (e. . , supply chain) 2. Climate variations 3. Shipping distance F. major Threats and Opportunities II. Industry/Competitive Environment A. Threat of New Entrants/Barriers to Entry 1. Limitations on trade (e. g. , laid-back tariff levels, quotas) 2. Documentation and import regulations 3. Local standards, practices, and potential non-tariff barrie rs 4. Patent/trademark availability 5. Preferential treaties with a companys home country 6. Legal considerations for investment, taxation, profit repatriation, employment 7. Availability of intermediaries B. Threat from Competitors 1.Number of international competitors and their market shares 2. Number of local competitors and their market shares 3. Advantages needed to compete effectively sexual relation to competitors C. Threat from Substitutes D. Power of Buyers 1. Customer needs and desires (e. g. , demand behavior and estimation, toll elasticity of demand, and so on ) 2. Local cropion, imports, consumption 3. Exposure to and acceptance of product/service 4. Availability of complementary products/services 5. Industry-specific key indicators of demand 6. Attitudes towards products of foreign originE. Power of Suppliers 1. Number and location of suppliers 2. Market structure (e. g. , competitive, monopoly, or in-between, etc. ) F. Major Threats and Opportunities ASSIGNMENT DUE DATES (Recommended) Assignments 1 & 2 are collectible June 22, 2009 Assignments 3 & 4 are due July 13, 2009 Assignments 5 & 6 (Value Creation Project) are due August 3, 2009 Note The absolute Final hear to turn in all assignments is Monday, August 3rd at 500 PM CLASSROOM POLICY ISSUES WITHDRAWAL POLICY The requirements set by the university for withdrawal will be strictly followed.You should retain all reenforcement of courses you have dropped. STUDENTS WITH SPECIAL NEEDS The university is committed to the principle that in no aspect of its programs shall there be differences in the treatment of persons because of race, creed, national origin, age, sex, or disability, and that equal opportunity and access to facilities shall be available to all. Any student who because of a disability may require special arrangements in order to meet course requirement should contact the teacher as short as possible to make any necessary accommodations.Students should present appropriate verifi cation from AccessTECH in the Student Counseling Center in westernmost Hall. ACADEMIC INTEGRITY The university catalog states the following It is the aim of the faculty of Texas Tech University to foster a spirit of stark(a) honesty and a high standard of integrity. The attempt of students to present as their own any work that they have not honestly performed is regarded by the faculty and administration as a serious offense and renders the offenders liable to serious consequences, possibly suspension. The catalog defines cheating as Dishonesty on examinations and quizzes or on written assignments, illegal possession of examinations, the use of unauthorized notes during an examination or quiz, obtaining development during an examination from the examination paper or otherwise from another student, assisting others to cheat, readjustment of grade records, illegal entry to or unauthorized presence in an office are instances of cheating. In this class, collaboration with others on in class examinations and cases is considered within the definition of cheating. RELIGIOUS HOLIDAYS A student who intends to observe a sacred holy day should make that intention known to the instructor prior to the absence. A student who is absent from classes for the observance of a religious holy day shall be allowed to take an examination or complete an assignment scheduled for that day within a reasonable time after the absence.