GMS723 Course outline PDF

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Course outline for Manjuris' class...

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RYERSON UNIVERSITY TED ROGER’S SCHOOL OF BUSINESS MANAGEMENT GMS 723 – INTERNATIONAL TRADE (EXPORT MANAGEMENT) Fall 2021 Professor: Office:

Michael Manjuris TRS 1-060, Floor 7 (suspended use due to COVID19)

Telephone: e-Mail

416-979-5000, ext. 7083 [email protected]

PRE-REQUISITE: GMS 401 or Direct Entry. METHODS OF POSTING GRADES: Grades will be posted on RAMSS E-MAIL USAGE & LIMITS Communications with Professor provided through Zoom lecture and email COURSE DESCRIPTION: An analysis of the important business functions of international trade. After a review of the importance of exports for Canada’s income and employment needs, students focus attention from an export manager’s perspective, on such topics as export organization, research, and pricing, export documentation and correspondence; export marketing strategies; government and private export assistance; export finance; marine insurance and export shipping. This course also includes an examination of international databases and involves direct company field research. Students who have taken GMS 522 should have a stronger foundation for applying this course. This course is intended as a fourth year course. COURSE FOCUS AND SCOPE: This course is especially relevant for the student planning to work in small or medium sized firms involved in exporting or importing. A KEY learning objective is to help the student understand the Export Process thoroughly in order to be able to assess the business risk involved in exporting from Canada. After a review of the International Trade environment and its importance to Canada’s exports, the major theories of international trade are examined including Absolute and comparative advantage and the New Trade Theory. The students’ focus then turns to an export manager’s perspective, on such topics as export organization, research, and pricing, export documentation and correspondence; export marketing strategies; international business risk assessment, government and private export assistance; export finance; marine insurance and export shipping. Finally, the course concludes with a discussion of trade between the United States and Canada from the perspective of a Canadian Importer. This course also includes an examination of international databases and involves direct company field research since Students are required to examine the export process of a Canadian company and assess its capabilities to exploit an export market. Students who have taken GMS 522 should have a stronger foundation for applying this course. This course is intended as a fourth-year course.

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COURSE OBJECTIVES: Upon completion of the course, students will be able to: 1. Understand Common Theories applied to International Trade 2. Enhance and expand their knowledge of the inherent complexities of the International Trade Environment. 3. Examine all of the elements involved with the Export Process 4. Identify and assess the Business Risk associated with exporting 5. Develop a comprehensive Export Implementation Plan 6. Explain how exporting impacts the Canadian Economy 7. Use close communication and cooperation in group work in order to perform relevant business analysis, exercise critical thinking skills and quality decision-making for businesses implementing an Export strategy. ASSIGNED READINGS  EIU data base country reports  See lecture material for additional assigned readings. TEXT BOOK (Recommended only):  Dr. Carl A. Nelson, Import Export, 4th ed. or newer, McGraw Hill Publishing, Toronto,  Maurice Archer, Canadian Exporting, 4th ed. or newer, Maurice Archer Books, Oakville, 

P.T. Malkovsky, The Basics of Import/Export, newest ed. Dryden Publishing,

EXTERNAL READINGS: In order to develop an appreciation of the international environment, the student is expected to read the “Economist”, The International”, “The European”, Fortune, Forbes, INC., TIME, The Globe & Mail report on business, Government of Canada website on Exporting, the Canadian Foreign Affairs and International Trade web site, the European Union website, US Department of Commerce web site and other readily available business publications and websites focused on international business issues. METHOD OF INSTRUCTION: Teaching methods will include lectures, in-depth discussions whereby the student is expected to contribute valuable insight, case studies, and video presentations. Because of the course structure, it is essential that the student make an attempt to attend all classes fully prepared. Due to COVID 19, there will be no in-class lectures during F2021. Please refer to the section on COVID 19 protocols. COVID 19 PROTOCOL FOR ONLINE LECTURE AND MEETINGS: 1. All lectures and office hours will be conducted online using “Zoom” technology. The online link will be provided by the course instructor through D2L. 2. Only students who are officially registered in the course may attend the course’s online lectures. All others will be removed from the session. 3. Zoom lectures are not to be recorded or shared without the Professor’s permission. Failure to obtain permission ahead of time will be considered a violation of Policy 61 4. Any inappropriate student behaviour online (eg. Zoom “bombing”) that violates Policy 60 and/or 61 will result in disciplinary actions being taken. 5. Students are expected to attend all Zoom lectures fully prepared in advance and be able to contribute knowledgeably to the lecture discussion when called upon by the Professor. 6. Students must join the Zoom lecture with their microphones muted. Unmuting microphones can occur when the Professor refers to an individual by name or asks them a question. GMS 723

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7. The students are asked to join the Zoom lecture with their video camera turned off. However, students have the option to turn on their camera when responding to a question posed by the Professor. 8. Student questions will be answered in the last 30 minutes of the scheduled lecture.

ASSIGNMENTS: The final assignment must be submitted through the appropriate assignment drop box found on the course’s D2L website. Assignments will be graded based on content and communicative effectiveness. In order to receive a grade, papers must be properly footnoted, and documented to show how the content is supported. All papers must follow proper research format. Note: In order to receive full credit for the Export Implementation Plan report, a student must demonstrate his/her full contribution. Students must have their name and signature on each assignment in order to receive full credit.

SPECIAL NOTE: EVERY EFFORT WILL BE MADE TO MANAGE THE COURSE AS PROVIDED IN THIS COURSE OUTLINE. HOWEVER, ADJUSTMENTS MAY BE NECESSARY AT THE DISCRETION OF THE PROFESSOR AND ANY CHANGES WILL BE ANNOUNCED IN CLASS. IT IS THE STUDENT’S RESPONSIBILITY TO BECOME AWARE OF ANY ANNOUNCED CHANGES IN CLASS. DUE TO THE NATURE OF THE COURSE AND ITS STRUCTURE, STUDENTS WILL NOT BE ADMITTED AFTER THE 2ND CLASS.

TOTAL EVALUATION: Export Implementation Plan Test 1 Test 2 Test 3 Test 4 Total

25% 20% 20% 20% 15% 100%

Note: Details of the Export Implementation Plan Assignment will be given out in class.

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OUTLINE OF WEEKLY TOPICS AND CLASS LECTURES WEEK of Sept 13/15

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Sept 13/15 (cont’d)

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Sept 20/22

Sept 27/29

Oct 4/6

Oct 11 Oct 18/20

Oct 25/27

GMS 723

TOPIC The 5 Levels of International Business Introduction to course Overview of International Trade International Trade today Facts and Figures The Export Process – Introduction, Step 1: Preparing for Export, Step 2: International Market Research

The Export Process – Step 2: International Market Research (cont’d)  Step 3: Create an Export Marketing Plan: Identify Strategies and Distribution methods. TERM TEST #1 (online)  The Export Process – Step 3: Create an Export Marketing Plan: Promotion and Pricing tactics  The Export Process – Step 3: Create an Export Marketing Plan: Identify International Business Risk – The external Trade Environment  Fall Study Week  Step 3: Create an Export Marketing Plan: Assess and Mitigate International Business Risk for Exporters ie. INCOTERMS TERM TEST #2 (online)  The Export Process – Step 3: Create an Export Marketing Plan: Assess and Mitigate 

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REQUIRED READING Lecture Material

Lecture Material WTO interactive International Trade

map

Lecture Material

Lecture Material

Course slides and notes

Course slides and notes,

Course slides and notes,

on

 Nov 1/3 Nov 8/10

 

International Business Risk for Exporters (cont’d) Step 4: Implementation  Trading within the Lecture Material Integrated Americas Importing into the US Commerce Dept. Website United States Government Canada Website Setting up your on Importing Import/Export Business

Nov 15/17 Nov 22/24 Dec 1 (both Sections)

TERM TEST #3 (online) TERM TEST #4 (online)  Importing into Canada Implementation Plan Due

Government Canada Website on Importing

POLICIES & COURSE PRACTICES Course Management  Every effort will be made to manage the course as stated. However, adjustments may be necessary during the term at the discretion of the instructor. If so, students will be advised, and alterations will be discussed prior to implementation. (Students will be informed in-class at least one week prior to any changes). Academic Integrity  Students are required to adhere to all relevant University policies, such as the Student Code of Academic Conduct. University regulations concerning unacceptable academic conduct (cheating, plagiarism, impersonation, etc.) will be followed. See the Ryerson University calendar or online versions at http://www.ryerson.ca/acadcouncil/current/pol60.pdf and http://www.ryerson.ca/acadcouncil/current/pol61.pdf and http://www.ryerson.ca/acadcouncil/studentrights.pdf for more explanation.  Plagiarism is a serious academic offence and penalties range from zero in an assignment all the way to expulsion from the university. Students should review the guidelines regarding academic misconduct - visit the Academic Integrity website for more information http://www.ryerson.ca/academicintegrity/ . They should ensure that they understand the conventions for referencing sources, in footnotes and bibliographies. In addition to citing quotations from all sources, whether from written materials, interviews or electronic networks, students must credit with footnotes or in-text references all facts and ideas that are not their own, EVEN IF THEY ARE IN YOUR OWN WORDS. If you do not, it is considered plagiarism. In any academic exercise, plagiarism occurs when one offers as one’s own work the words, data, ideas, arguments, calculations, designs or productions of another without appropriate attribution or when one allows one’s work to be copied. (See the Ryerson Library for APA style guide references: http://www.ryerson.ca/library/ref/style.html)  It is assumed that all examinations and work submitted for evaluation and course credit will be the product of individual effort, except in the case of team projects arranged for and approved by the course instructor. Submitting the same work to more than one course, without instructors’ approval, is also considered plagiarism.  Students who have committed academic misconduct will, at a minimum receive a “0” on the work, and an instructor may assign an “F” in the course. The Academic Integrity Seminar may also be assigned. Students will have the notation Disciplinary Notice (DN) placed on their academic record and official transcript. The notation shall remain until the students graduate, or for eight (8) years, whichever comes first. If you receive this in the first half of your program, you may undergo a petition process to have it removed in your last year.  Students who commit academic misconduct a second time shall be placed on Disciplinary Suspension (DS) for up to two years, at which time they may apply for reinstatement to a program. The designation DS shall

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be placed on their permanent academic record and official transcript. The notation shall remain until students graduate, or for eight (8) years, whichever comes first.  Disciplinary Withdrawn standing (DW) shall be permanently noted on students’ academic records and official transcripts.  Expulsions shall be permanently noted on students’ academic records and official transcripts.  NOTE: Students may not drop a course when they have been notified of the suspicion of academic misconduct. If a student attempts to drop the course, the Registrar’s office will re-register the student in that course until a decision is reached.  When an instructor has reason to suspect that an individual piece of work has been plagiarized, the instructor shall be permitted to submit that work to any plagiarism detection service.  CHEATING ON AN EXAM OR TEST: Ryerson’s Examination Policy requires that all students have a valid student identification card or other photo identification on their desk at all times when taking an examination. If it is suspected that someone is impersonating a student, the photo identification of that person will be checked, and the person will be asked to sign the exam paper for further verification. If it is suspected that the identification is not valid, students may be asked to provide alternate photo identification. Security may be called, if circumstances warrant. E-Mail Accounts  Students are required to activate and maintain a Ryerson Matrix e-mail account. This shall be the official means by which you will receive university communications. See www.ryerson.ca/acadcouncil/current/pol157.pdf Accommodation of Students with Disabilities  In order to facilitate the academic success and access of students with disabilities, these students should register with the Access Centre http://www.ryerson.ca/accesscentre/index.html . They should also inform their instructor through an “Accommodation Form for Professors” that they are registered with the Access Centre and what accommodations are required. Student Responsibilities in Academic Appeals  Students should read the Undergraduate Academic Consideration and Appeals policy at (www.ryerson.ca/acadcouncil/current/pol134.pdf)  It is the student’s responsibility to notify and consult with either the instructor, or the Chair/Director of the teaching department/school, depending on the situation, as soon as circumstances arise that are likely to affect academic performance. It is also the student’s responsibility to attempt to resolve all course related issues with the instructor and then, if necessary, with the Chair/Director of the teaching department/school as soon as they arise. An appeal may be filed only if the issue cannot be resolved appropriately. Failure to deal with a situation as soon as it arises will jeopardize any appeal.  Students who believe that an assignment, test, or exam has not been appropriately graded must review their concerns with their instructor within 10 working days of the date when the graded work is returned to the class.

Standard for Written Work  Students are expected to use an acceptable standard of business communication for all assignments. You are encouraged to obtain assistance from the Writing Centre (http://www.ryerson.ca/writing-centre) for help with your written communications as needed. (See the Ryerson Library for APA style guide references: http://www.ryerson.ca/library/ref/style.html)

Late Assignments  Students must submit assignments on time. Failure to do so will result in a grade of zero for that component GMS 723

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

You need to inform your instructor of any situation which arises during the semester which has an adverse effect on your academic performance and you must request any necessary considerations or accommodations. A doctor’s certificate is required to substantiate illness and should be submitted within 3 working days of a missed exam. See http://www.ryerson.ca/acadcouncil/Other.html/medical.pdf for the required certificate. Religious Observance requests are to be made formally within the first two weeks of class (see www.ryerson.ca/acadcouncil/current/pol150.pdf) Other valid reasons must be approved by the instructor in advance. Maintaining a Professional Learning Environment

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Laptop computers, cell phones, or other devices should not be used for non-lecture activities as they are distracting to other students, speakers and your instructor. Misuse of these devices may result in the student being removed from the Zoom lecture by the Instructor. In order to eliminate disruption to the learning environment, students are expected to attend the class on-time.

Academic Grading Policy - Evaluation of student performance will follow established academic grading policy outlined in the Ryerson GPA Policy http://www.ryerson.ca/acadcouncil/current/pol46.pdf . The grading system is summarized below: Definition

Excellent

Good

Satisfactory

Marginal

Unsatisfactory

GMS 723

Letter Grade

Grade Point

Conversion Range

A+

4.33

90-100

A

4.00

85-89

A-

3.67

80-84

B+

3.33

77-79

B

3.00

73-76

B-

2.67

70-72

C+

2.33

67-69

C

2.00

63-66

C-

1.67

60-62

D+

1.33

57-59

D

1.00

53-56

D-

0.67

50-52

F

0.00

0-49

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