Ibus310 syllabus PDF

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complete syllabus for ibus310, fall 2019...

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Syllabus Undergraduate Core Class: Globalization and International Business (IBUS 310) Fall 2019 Section 001/H10: T/TH 6:00-7:15, in Room 140 Section 002/H11: T/TH 11:40-12:55 in Room 140 Professor: Michael Murphree Office 461-E Email: [email protected] Office Hours: Tuesday/Thursday 10:00-11:30, 1:00-2:30, 4:30-5:50 or by appointment This course is designed as an introduction to the major topics in global business. The objective of this class is to broaden your minds to the array of non-market and non-traditional business concerns with which firms and managers must concern themselves when conducting business abroad. We also examine the choices facing multinational enterprises from the challenges of (semi)globalization. We examine how international business managers should understand and approach complex problems for which there is often no clear solution. Topics to be covered include multinational business and organizational strategy, CSR and ethics. Themes to be considered: 1. How “flat” is or will the world become? 2. Is there a “global” best practice in business? 3. What is “fair” in “free” trade? 4. Why do we even have multinational corporations? 5. Who is “us”; do global identities supersede local or national ones? 6. What is strategy, and what does not mean in an international context? 7. Should you concern yourself with the political implications of your business? 8. What (really) is the purpose of business? 9. How and when do non-market strategies matter? 10. Are social responsibility, environmental sustainability and profitability necessarily conflictual? This is a critical class, meaning critical thinking and debate is essential. While I have my theoretical inclinations, I hold no sacred cows. Economic liberalism, protectionism, socialism, globalism, localism, and any other “ism” are all open for support, criticism and analysis. I will freely critique opinions with which I agree just as much as those with which I disagree. I would hope that you will all do the same both to each other and me as well. It is my hope we will be able to have debates and discussions rather than just listen to me drone on. Learning Outcomes Students in this introductory course will develop understanding in the following areas: - The meaning of globalization and its relationship to business - The implications of global shifts in production, labor, and capital for business - The basic tenets of, and theories behind, free and “fair” trade - The role of culture and political differences in shaping business practice and risk - How to define and seek competitive advantage in a global business environment - How multinational corporations are structured, and the challenges this presents for management - The non-market considerations in international business including universal ethics - How political forces, fears, and current events shape international business

Additionally, students will improve their oral and written communication skills through participation in classroom debates – learning to succinctly represent a viewpoint, and through three short papers to improve writing skills essential for drafting memos and reports in the business world. Material Readings will be available through an electronic reader available under “Murphree” at www.redshelf.com. Be sure to purchase the IBUS 310-#6 Fall '19 Reader. This is a classroom reader comprised of readings collated from books and business school case studies. I am not the owner of this intellectual property; I receive no royalties from your purchase of the reader. Grading Criteria Classroom Attendance – 10% Participation – 20% Quizzes – 10% (4% for map quiz, 1% for each of 6 pop quizzes) Written Papers – 20 % (2 papers, 10% each) Exams – 40% (mid-term, 20%; final, 20%) Concerning Grades In keeping with USC grading standards, grades will be issued as: A, B+, B, C+, C, D+, D, or F. The cut off points are as follows: 90.0 – A, 85.0 – B+, 80.0 – B, 75.0 – C+, 70.0 – C, 65.0 – D+, 60.0 – D. Generally speaking, the average score for the class will be a B, roughly 3.3 out of 4. An “A” represents truly outstanding work throughout the entire semester. There will be opportunities for a small amount of extra credit throughout the semester. 2014-16 Grade Distribution: 2% D, 2% D+, 2.6% C, 12.5% C+, 29.6% B, 33.6% B+, 17.1% A

Computer Policy In keeping with department policy, “Students are not allowed to use any electronics in the classroom unless for an activity specifically sanctioned by the professor. Students caught using phones, computers, etc. will be given an unexcused absence for that class session.” Name Placard Policy Name placards will be available at the front of class for pickup each day. Please use these to facilitate learning one-another’s names and building a strong class rapport. Attendance Policy and Class Participation -

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As your core introductory international business lecture course, attendance is essential to getting the points of these often ambiguous topics. I will also cover material in the lectures that is not in the readings. You will be held accountable for in-class material on the exams. There will be three pop quizzes throughout the semester to test if you have completed and learned the assigned readings. In accordance with university policy, students with more than 4 absences, whether excused or unexcused, are subject to a letter grade deduction in their final course grade Students are expected to participate actively (asking questions, raising points, disagreeing with the professor)

Tests This is an upper level undergraduate course so your examinations will be short answer and essay based. The emphasis will be on applying the principles in an analytical way – although there may be some purely contentbased “data-dump” questions as well to check retention of critical concepts. Papers You will write two analytical briefs for this class. The topics will be given one week before the papers are due. The assignment and due dates for the briefs are included in the syllabus. We will discuss the papers at length in class. In general, these papers should be brief – no more than 5 double-spaced pages plus a one-page singlespaced executive summary. In the business world, you need to be able to succinctly express yourself as well as convey your point in a forceful, but non-exaggerated way in order to capture the eyes of your overworked bosses. Concerning plagiarism: In accordance with the University of South Carolina Honor Code, plagiarism is considered a form of cheating. Plagiarism includes directly copying material from another source without quotation, copying without quotations even with a citation, using information from other sources without citations and paraphrasing without citations. If you do not understand plagiarism and how to avoid it, ask now! Concerning websites as sources: There is a formal way of citing web sites; simply providing a web address is not sufficient. Your research should also include books and journal publications. Expectations 1. 2. 3. 4. 5. 6.

Students will complete all assigned readings before class Students will be respectful of the opinions of others Students will actively participate in discussions and debates Papers will be submitted in paper copy on their due date at the beginning of class Students will ask questions whenever confused, intrigued or desirous of deeper understanding Students will keep abreast of developments around the world, particularly in their region of interest by regularly reading quality periodicals such as, but not limited to, those below. Their international coverage is useful as it provides a different editorial angle from that seen in American media: a. El País b. Le Monde c. Der Spiegel d. The South China Morning Post, Renmin Ribao, China Daily e. The Financial Times, Economist or Times of London

Some advice from former students: -

“Expect low grades on papers and an unholy amount of readings to do over the first half of the semester; however, you will learn a lot if you actually do the readings and participate in the class discussions” “Speak up in class, keep up to date on all of your readings and write detailed notes, spend a lot of time on your essays” “Be on your A game at all times and do not expect an easy A. This class is not extremely difficult; however, you must always be putting forth your best effort. Anything less will hurt your grade” “I should have paid more attention in history throughout the past couple years. Keep up to date with the news. Make this class your top priority compared to others because in the end it will be the most helpful and meaningful”

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“Make friends with others in the class so you can bounce ideas off each other, actually take notes while you do the readings or you won’t be able to remember anything, don’t wait to the last minute, expect to do worse than you thought you would, raise your hand a ton.”

Some advice from the professor: -

My grading will seem harsh – especially on the essays. I have high expectations for you and will hold you to them. I know you can do it! Many students have! Compared to other classes you have taken, there is likely to be a significantly larger amount of reading. Forming reading groups to share the work and discuss the readings can help. Come to office hours or arrange appointments if you are confused or concerned. I am always available and want to help!

This syllabus is subject to change; changes announced in class supersede the content of this syllabus. Unit 1: The Global Integration Debate: Globalization in Retreat? Class 1: August 22 – Thursday – The Global Integration Debate -

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Ghemawat, Pankaj: “Semi-Globalization and Strategy” Excerpted from Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter, Harvard Business School Press. Lund, Susan and Tyson, Laura. 2018. “Globalization is Not in Retreat: Digital Technology and the Future of Trade.” Foreign Affairs.

Class 2: August 27 – Tuesday – Outsourcing, Offshoring and Global Production Networks Readings - Palmisano, Samuel J. 2006. “The globally integrated enterprise” Foreign Affairs, 85(3), 127-136. - Palmisano, Samuel J. 2016. “The Globally Integrated Enterprises: Where to Now” Foreign Affairs. - Selwyn et al., 2019. “Making a global poverty chain: export footwear production and gendered labor exploitation in Eastern and Central Europe” Review of International Political Economy. Class 3: August 29 – Thursday – Do Borders Even Matter in a Financialized and Technological World? Readings - Abdelal, Rawi and Alfaro, Laura. 2003. “Capital and Control: Lessons from Malaysia.” Challenge, 46(4). 36-53. - Davis, Bob and Hilsenrath, Jon. 2017. “Whatever Happened to Free Trade?” The Wall Street Journal. - Bhattacharya, Arindam, et al., 2017. “The New Globalization; Going Beyond the Rhetoric.” BCG Perspectives. Boston Consulting Group. Unit 2: The Global Integration Debate: World Trade and Investment Class 4: September 3: The Case for Free Trade -

Powell, Benjamin. “In Defense of Sweatshops.” http://www.econlib.org/library/Columns/y2008/Powellsweatshops.html

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Rivoli, Pietra. 2005. “Excerpts from The Travels of a T-Shirt in the Global Economy”.

Class 5: September 5: The Universal or Human Values Dilemma - Moon, Bruce. 2000. “Excerpt from Dilemmas of International Trade.” Westview Press. - Greenhouse, Steven and Harris, Elizabeth. 2014. “Battling for a Safer Bangladesh.” The New York Times. Class 6: September 10: The National Security Dilemma - Reich, Robert. 1990. “Who is Us.” Harvard Business Review. - Tyson, Laura. 1991. “They are not Us: Why American Ownership still matters.” Berkeley Roundtable on the International Economy. - Navarro, Peter. 2018. “Why Economic Security Is National Security” https://www.realclearpolitics.com/articles/2018/12/09/why_economic_security_is_national_security_1 38875.html

Class 7: September 12: The Distributional Dilemma - Spence, Michael. 2011. “Globalization and Unemployment: The Downside of Integrating markets.” Foreign Affairs, 90(4) - Chancel, Lucas. 2018. “40 Years of Data Suggests 3 Myths About Globalization.” Harvard Business Review. - Fox, Justin. “Piketty’s “Capital,” in a Lot Less than 696 Pages.” Harvard Business Review. Unit 3: Resolving these Dilemmas: Regulating the Global Economy Class 8: September 17: Global Regulation: The World Trade Organization - Reinsch, William and Caporal, Jack. 2019. “The WTO’s First Ruling on National Security: What Does It Mean for the United States?” CSIS. - Hill, Charles. 2007. “Trade in Hormone Treated Beef.” Excerpt From International Business: Competing in the Global Marketplace, Edition 6. - Hill, Charles. 2007. “Shrimps, Turtles and WTO.” Excerpt From International Business: Competing in the Global Marketplace, Edition 6. - Collins, Terry. 2006. “Define Precautionary Principle to Avoid Biotechnology Clashes Under World Trade Rules.” EurekAlert. Class 9: September 19: Regional Regulation: The Trans-Pacific Partnership and Regional Trade Blocs FIRST ESSAY ASSIGNED -

Rotemberg, Julio. 2016. “The Trans-Pacific Partnership and the management of Globalization.” Harvard Business School Case. SCMP. 2019. “Explained: Regional Comprehensive Economic Partnership (RCEP)” Jaipragas, Bhavan and Sukumaran, Tashny. 2019. “Deal or no deal: is Asean’s RCEP trade pact going the way of the TPP?”

Class 10: September 24: Market Regulation: Private Certification and the Fair Trade Movement - Shoenthal, Amy. 2018. “What Exactly is Fair Trade, And Why Should We Care?” Forbes. - Haight, Colleen. 2011. “The Problem with Fair Trade Coffee.” Stanford Social Innovation Review. Class 11: September 26: Technological Regulation: Intellectual Property Rights and Standards

FIRST ESSAY DUE - Padilla, Jorge et al. 2017. “Economic Impact of Technology Standards: The Past and the Road Ahead” (Executive Summary) Class 12: October 1: Midterm Unit 4: Analyzing Differences and Distances Class 13: October 3: Institutional Differences and Distances - Ghemawat, P. (2001). “Distance Still Matters.” Harvard Business Review. Class 14: October 8: Institutional Differences and Distances: China - Li, Feng. 2018. “Why Western Digital Firms Have Failed in China.” Harvard Business Review. - Carlson, B. (2013) “Why merican businesses fail in China.” CNBC Online. October 10: No Class – Fall Break Class 15: October 15: Cross-Cultural Understanding and Communication - Anastasia, (2015) “Understanding Cultures & People with Hofstede Dimensions.” cleverism.com - Trompenaars and Hampden-Turner: “Chapter 4: Relationships and Rules” in Riding the Waves of Culture. Unit 4: The Global Integration Debate: Multinational Enterprise Strategy and Organization Class 16: October 17: MNE Strategy and Organization - Reread the Palmisano articles (2006 and 2016) - Santos, J.F.P. and Williamson, P.J. (2015) “The New Mission for Multinationals.” MIT Sloan Management Review. - Mann, T. and Spegele, B. (2017) “GE, the Ultimate Global Player, is turning local.” The Wall Street Journal. Class 17: October 22: Economic Advantages and Disadvantages of Multinational Organization (Part 1) - Collis, D. and Siegel, J. (2006) “Introduction to International Strategy” Harvard Business Case. - Landler, M. and Barbaro, M. (2006) “Walmart Finds that its formula doesn’t fit every culture.” New York Times. - Salomon, R. (2016) “Here’s Why Walmart Stumbled on the Road to China.” Fortune.com October 24: No Class – Professor Murphree in China

Class 18: October 29: Multinational Competitive Strengths: Balancing Global Integration and National Differentiation (Part 1) - Grant, R.M. 2010. “Global Strategy and the Multinational Corporation.” Chapter 12 in Contemporary Strategy Analysis. Blackwell Publishing. - Reread Ghemawat’s “Semi-Globalization and Strategy” - Xiao, et al., 2017. “A Dark Horse in the Global Smartphone Market: Huawei’s Smartphone Strategy.” INSEAD Business Case Study (Harvard Business School Publishing) Class 19: October 31: Multinational Competitive Strengths: Balancing Global Integration and National Differentiation (Part 2)

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Chaudhary, A.E. and Messner, W. (2017) “Renault Duster in India: Identifying, Occupying, and Keeping a Market Segment.” University of South Carolina Case.

Class 20: November 5: Multinational Non-Market Strategies: Introduction SECOND ESSAY ASSIGNED -

Bach, D. and Allen, D.B. (2010) “What every CEO needs to know about non-market strategy.” MIT Sloan Management Review, 51(3). Defining Business Success in a Changing World (Available online: https://www.pwc.com/gx/en/ceo-survey/assets/2016-global-investor-survey.pdf) Twiss, J. 2002. “Gazprom and Hermitage Capital: Shareholder Activism in Russia.” Stanford Business Case.

Class 21: November 7: Multinational Non-Market Strategy: Ethics and Corporate Social Responsibility -

Friedman, M. (1970) “The Social Responsible of Business is to Increase Its Profits.” The New York Times Magazine. Handy, C. (2002) “What’s a Business For?” Harvard Business Review. Paine, L.S., and Moldoveanu, M. (2009) “Royal Dutch/Shell in Nigeria (A)” Harvard Business Case.

Class 22: November 12: Multinational Non-Market Strategy: Balancing the Global and the Local SECOND ESSAY DUE -

Spar, D. and Bartlett, N. (2005) “Life, Death, and Property Rights: The Pharmaceutical Industry Faces AIDS in Africa.” Harvard Business Case.

Class 23: November 14: Multinational Organization: Balancing the Global the Local - Bartlett, C.A. and Ghoshal, S. (2003). “What is a Global Manager?” Harvard Business Review. - Simons, R. and Bartlett, C. (1992). “Asea Brown Boveri (ABB)” and “ABBX2” Harvard Business Case. Class 24: November 19: Global leadership, learning, and Transnational mindsets - WEF. (2016) “The Future of Jobs: Employment, Skills, and Workforce Strategy for the Fourth Industrial Revolution.” World Economic Forum. - Christiansen, E.T. and Pascale, R.T. (2011) “Honda A” and “Honda B” Harvard Business Case. Class 25: November 21: The Future of the Multinational - TheEconomist. (2017) “Multinationals: The Retreat of the Global Company.” The Economist. - Lesser, R., Reeves, M. and Harnoss, J. (2016) “Saving Globalization and Technology from Themselves.” BCG Perspectives. - McKinsey (2016) “China’s One Belt, One Road: Will it Reshape Global Trade?” McKinsey and Company. Class 26: November 26: Flex Day November 28: No Class – Thanksgiving Holiday Class 26: December 3: Review for Final Exam

Class 27: December 5: Review for Final Exam

Final Exams Section 001: Dec. 10, Tuesday - 7:30-10:30 p.m. (IBCE) Section 002: Dec. 12, Thursday - 12:30-3:30 p.m. (IBEA)...