Domestic and Global Business Environment

BA 7000 Domestic and globular vocation Conditions Bradley T. Ewing, Ph. D. Jerry S. Rawls Professor in operations Management Area of ISQS Office BA 164A Phone 742-3939 E berth bradley. emailprotected edu MBA Summer 2009 extend DESCRIPTION BA 7000 Domestic and orbiculate stage business Conditions This course is intended to aid savants develop a develop consciousness of the municipal help and spheric surrounds in which US traffices make out. Specific on the wholey, this course mete outs a satellite- slew of arts in which firms compete, including markets for goods and function money, bonds and stocks outside(prenominal) permutation and labor.These markets be examined each and as a system. Particular strain is placed on studying the interactions among every last(predicate) markets in determine to gain a better understanding of how domestic and world(a) line of crossings conditions adjoin the formulation and execution of business strategies. COURSE OVERVIEW T his course examines the rudiments of business conditions abbreviation with an emphasis on how domestic and orbiculate business conditions affect the formulation and implementation of business strategies. specifically the primary goals of this course be to enable you to Recognize the relevance of domestic and global business conditions to managerial decision- make and firm performance, and to admit business principles to refer to business issues and the marketplace. generalize the mechanisms of the domestic and global business milieu inwardly the broad social, political, industrial and stinting contexts. Explore the nature of business conditions and the implications for decision-making, research, business and policy. Analyze the firm, agreement, or practices and its operations from a domestic and global systems perspective.Acquire a science tog of analytic tools that get out sum up your human capital. BOOKS & MATERIALS These controls argon fairly riotous and easy t o read The Under traverse economist by Tim Harford The Tipping Point How Little Things canister Make a Big loss by Malcolm Gladwell Freakonomics A Rogue economist Explains the Hidden Side of Everything by Steven Levitt and Stephen Dubner Travels of a T-Shirt in the world(prenominal) frugality by Pietra Rivoli Articles Who Supplied My Cheese? Business economic science, October 2005. ( entrust be posted on my web web happen upon www3. tltc. ttu. du/ewing) beef up Globalizations lightless Hand, Business political economy, October 2006. ( allow for be posted on my web site www3. tltc. ttu. edu/ewing) Other economic science for Dummies (contains background, reference solid) Online Lecture flyers a rig of world powerPoint slides (in pdf) available on my web site (http//courses. ttu. edu/bewing). You should mathematical function these to supplement the e-delivery lectures You should read Economics for Dummies in its entirety before training each of the different supp orts or doing the concessions. additively, you should view the lectures on DVD concurrently with your discipline of Economics for Dummies.Reading Economics for Dummies and viewing the lectures introductory to doing the assignments leave behind help you understand the material and it should help you get the best target possible. attainment OBJECTIVES 1. Develop school-age childs superpower to weigh in business terms and approximately the conditions surrounding their operating environment. 2. Develop students ability to view g overnings from a domestic and global business systems perspective. 3. Build students analytical skills for conducting business analysis. 4. Provide students with the hazard to develop strategies for tangible world problems, and to develop decision making skills. . Integrate fellowship gained in other business experiences. Course Topic train Material to be covered Business Conditions Concepts and Analysis Introduction to business conditions, conce pts and analysis Operating a firm at bottom the domestic and global environment Global economy and the Federal Reserve Economics of Risk attempt analysis (perception & communication), risk management & decision making honor population, Supply Chain Economics Business model integrating economics, operations & strategy Note You whitethorn d consumeload a set of placePoint slides to accompany the lectures.COURSE REQUIREMENTS AND GRADING altogether assignments require to be emailed to me with the course ennoble and semester (i. e. , MBA BA 7000 Summer 2009) clearly written in the subject line. I will ac knowledge receipt of your assignments usually indoors 24 hours. Due to the amount of spam and the use of a junk mail filter, do no assume that I charter wind your assignment until you have elated an acknowledgement from me (Note please use your official Texas technical school email news report so that way your email has a better chance of getting through). customary Guidelines for create verbally Work All written construct prep ard outside of soma should be instancewritten and contain a cover rapscallion with your learn, course number, date, and title. Where summon lengths be nonable for token assignments, the pageboy lengths assume 12 point font, 8 1/2 by 11 paper, double set type, and one inch margins on all sides. In cases where 12 pitch type is not available, page lengths should be familiarised proportionately. Please include a cover sheet for all draw which includes your name along with the date and subject of the project. written track down will be bedded for both content and quality.That is, grammar, punctuation, spelling, coherence, name, and organization will be considered. A concise style is essential. Corporate executives repeatedly emphasize the fatalityiness for business schools to do a better job of preparing MBAs to write in an organisational context. The metres utilize to writing quality will approximate t hose utilise to study bodied documents that have been prepared for broad dispersion among senior executives. In order to receive a wander of B in the course the student will contain to do B quality line of merchandise on each of the above assignments.In humanitarian to the above assignments, students will need to do B quality work on the following assignments (1-4) engagement 1 handle in a 2-3 page follow-up of The Undercover Economist. In your reexamine of the throw grade primordial points that you conjecture will be priceless to you (or, in about cases, for a concomitant manufacture, the domestic or global economy) in the days to come. Additionally, identify what move, if any, of the befuddle were a devastate of your period to read. I besides requirement you to identify what parts of the book relate to the lectures.Next, question how you would/could successfully concord the major points of the book in an organization (of your choosing moreover pre sumably in the theatre of your elect profession). demonstrate potential pitfalls (i. e. , areas that are oddly open to success and thenly declare oneself examples of how these major points have been unsuccessfully applied in the organization of your choosing). establish how you would (e. g. , if you were to be consulted or had been consulted) reach more or less of these tools and knowledge otherwise to the organization in the future.Then on a ordered series of 1 to 10 (ten be the best) pop off an overall sound judgement of the book. appointee 2 Turn in a 2-3 page critique of The Tipping Point. In your critique of the book identify pick up points that you think will be precious to you (or, in most cases, for a finicky 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 alike destiny you to identify what parts of the book relate to the lectures.Next, discuss ho w you would/could successfully apply the major points of the book in an organization (of your choosing just presumably in the field of your elect profession). plow potential pitfalls (i. e. , areas that are especially vulnerable to success and thus allow 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 home base of 1 to 10 (ten being the best) give an overall judgment of the book. Assignment 3 Turn in a 2-3 page critique of Freakonomics. In your critique of the book identify chance on points that you think will be rich 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 in addition deprivation 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 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. 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 cite 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, identi fy what parts, if any, of the book were a waste of your time to read. I also wishing you to identify what parts of the book relate to the lectures.Next, discuss 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 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 addition to the above assignments, students will need to do A quality work on the f ollowing 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 nourish Creation Project The Value Creation project consists of a written report. VALUE CREATION DISTANCE LEARNING PROJECT OUTLINE In this assignment I want you to select an existent company and then select a democracy (or, if doing a project link up 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 investigate the international environment of the domain 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 fitting the new countrys environment is for your chosen firm. Specifically discuss What macro-environmental trends are relevant? What are the contending forces in the industry? What forces are changing the industry ove r time? Are in that location key competitors that present opportunities or challenges to the firm? congeal 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 free-enterprise(a) 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 inevitable (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 letter grade will be deducted on any project longer than 40 pages. No exceptions. Please follow this outline carefully. I. General Environmental Analysis A. Economic 1. boilersuit level of dis cipline 2. Economic process GDP and industry 3. Role of distant trade in the economy 4. bullion inflation rate, currency controls, stability of exchange rate 5. Balance of payments 6. Per capita income and dissemination 7. liquid income and spending patterns B. Social/Cultural 1.Population size, growth, density, scattering (urban/rural) 2. Literacy rates, education 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. disposal involvement in business 5. Attitudes toward foreign business 6. National economic and development priorities 7. Membership in regional trade organizations D. Technological E. Physical 1. Physical distribution and communications network (e. . , supply chain) 2. mood variations 3. Shipping distance F. Major Threats and Opportunities II. industriousness/ Competitive Environment A. Threat of clean Entrants/Barriers to Entry 1. Limitations on trade (e. g. , amply tariff levels, quotas) 2. Documentation and import regulations 3. local anaesthetic standards, practices, and potential non-tariff barriers 4. Patent/trademark availableness 5. Preferential treaties with a companys home country 6. Legal considerations for investment, taxation, profit repatriation, employment 7. handiness of intermediaries B. Threat from Competitors 1. numerate of international competitors and their market shares 2. Number of local competitors and their market shares 3. Advantages needed to compete effectively relative to competitors C. Threat from Substitutes D. Power of Buyers 1. Customer needs and desires (e. g. , demand behaviour and estimation, price elasticity of demand, etc. ) 2. local anaesthetic production, imports, consumption 3. Exposure to and acceptance of product/service 4. Availability of complementary products/ operate 5. Industry-specifi c key indicators of demand 6. Attitudes towards products of foreign originE. Power of Suppliers 1. Number and location of suppliers 2. Market organize (e. g. , competitive, monopoly, or in-between, etc. ) F. Major Threats and Opportunities duty assignment DUE DATES (Recommended) Assignments 1 & 2 are due 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 Date to shepherds crook in all assignments is Monday, August third at 500 PM schoolroom POLICY ISSUES WITHDRAWAL POLICY The requirements set by the university for withdrawal will be strictly followed.You should retain all backing of courses you have dropped. STUDENTS WITH SPECIAL NEEDS The university is attached to the principle that in no facial expression of its programs shall there be differences in the intervention 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. each student who because of a disability may require special arrangements in order to meet course requirement should butt against the instructor as soon as possible to make any incumbent accommodations.Students should present appropriate verification from AccessTECH in the Student Counseling Center in West Hall. ACADEMIC INTEGRITY The university catalogue states the following It is the aim of the faculty of Texas Tech University to foster a spirit of bring to pass 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 boldness as a serious aversion and renders the offenders liable to serious consequences, possibly suspension. The catalog defines cheating as Dishonesty on tryouts and quizzes or on written assignments, prohibited possession of tryouts, the use of unauthorized notes during an examination or quiz, obtaining inf ormation during an examination from the examination paper or otherwise from some other student, assisting others to cheat, alteration of grade records, illegal doorway to or unauthorized presence in an office are instances of cheating. In this class, collaborationism with others on in class examinations and cases is considered within the definition of cheating. RELIGIOUS HOLIDAYS A student who intends to observe a phantasmal consecrate day should make that intention know 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.