IM535 International Operations Management · international operations. •To understand the effect...

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IM535 – International Operations Management

Introduction and Overview

Globalization?

• Globalization refers to:

– Set of interdependent relationships among people from different parts of a world.

– Also, integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people.

• Globalization concept has been around hundreds of years ago this has expanded human contacts over ever-wider geographic areas have expanded the variety of available resources, products, services, and markets.

IM535 – International Operations Management Department of Industrial and Management Engineering

International Business?

• Globalization enables us to get more variety, better quality, or lower prices goods and services from anywhere in the world!

• International business enables us to acquire such products and includes all commercial transactions (sales, investments, and transportation) between two or more countries

– Private for profit.

– Governmental

• International business adds significant influences to typical domestic operations

– Physical

– Societal

– CompetitiveIM535 – International Operations Management Department of Industrial and Management Engineering

Why Should You Study International Business?

• A simple answer is that international business comprises a large and growing portion of the world’s total business.

– Global events and competition affect almost all companies.

– Most companies also compete against products and services that come from abroad.

• A more complex answer is that company operating internationally will engage in modes of business, such as exporting and importing, that differ from those it is accustomed to domestically.

– To operate effectively, managers must understand these different modes.

• Also, as a manager in almost any industry, you’ll need to consider both

– Where to obtain the inputs you need of the required quality and at the best possible price?

– Where you can best sell the product or service that you’ve put together from those inputs?

• Even if you never have direct international business responsibilities, you may find it useful to understand some of its complexities.

– Where you want to work.

– What governmental policies you want to support.

• At the same time, you’ll need to understand that the best way of doing business abroad may not be the same as the best way at home.

– First, when your company operates internationally, it will engage in modes of business that differ from those in which it engages domestically.

– Second, physical, social, and competitive conditions differ among countries and affect the optimum ways to conduct business.

Factors in International Business Operations

The complex set of relationships among conditions and operations that may occur when a firm decides to conduct some of its business on an international scale.

Objectives of this Course

• To gain basic knowledge about the means of managing international operations.

• To understand the effect of different environmental frameworks on international operations.

• To know the theories and institutions related to trade and investment.

• To understand the dynamics of international business-government relationships.

Tentative Course Outline

Grades Distribution

• 30% 7th Week Exam.

• 20% 12th Week Exam.

• 10% Continuous assessment during semester.

– You lose one grade for each absence… starting this week!

• 40% Final Exam.

Exams!

• All exams’ questions are multiple choice and true or false questions.

• Time allocated to each question is on average 1 minute!

– Expect an average of 60 questions for a one hour exam.

– Expect an average of 120 questions in your final exam.

• Your text comes with sample questions that you can use to train yourself on that type of questions.

• Sample exams will be provided

Regulations!

• All students are expected to attend classes regularly and promptly. Students who are absent from classes periods more than 20% of the time (3 times absence) will face forced withdrawal.

• Any student who does not take a scheduled exam will receive a grade of zero for the examination missed.

• No makeup is allowed under any circumstances.

• Class participation is required.

• Anything that disturbs the class, whether it be a cell phone, pager, or some other noise-making device, must be turned off prior to class time.

• Also, students are to be on time. Please do not attend class if you are ten or more minutes late. This disrupts the class.

• Also, if you must leave class during class time for an unexpected reason, please do not return.

Other Information

• Course material will be available online to all students, including handouts, presentations, and sample exams.

– https://sites.google.com/site/kelkilany/

• References

– Daniels, Radebaugh, and Sullivan; “International Business: Environments and Operations”; Latest Edition, Prentice Hall.

IM535 International Operations Management · international operations. •To understand the effect...

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