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BMGT 205 Principles of International Business

This course is designed to infuse international cultural awareness and then expand that awareness to multiple international business cultures that are active in the current global marketplace. The course will focus on knowledge and skills pertaining to a wide variety of business operations needed for success in today’s international arena. Prerequisite: BMGT-100 (3 hours weekly)

Overall Course Objectives

Upon completion of this course the student will be able to:

  1. Explain international cross-cultural behavior, business etiquette, and negotiation skills required in international business, as discussed in team projects
  2. Differentiate among various types of economics systems using diverse model economics and the changes achieved.
  3. Describe how global business affects everyday life by using personal examples.
  4. Compare the advantages and disadvantages of a global economy by analyzing its impact on different international societies.
  5. Identify benefits and challenges of outsourcing through analysis of major global corporate case studies.
  6. Relate global environmental issues, concerns and practices as they impact businesses and their survival.
  7. Analyze roles and future of the US economy in the 21st century, relative to global political and economical issues.
  8. Describe aspirations and future roles of emerging market economies in the world market as indicated within the scope of a class project.
  9. Identify various opportunities that businesses encounter in the international markets taking local conditions into account as reported in the current media.
  10. Compare the international marketing practices and philosophies of several major multinationals

Major Topics

I. Cultural Diversity
A. Business Ethics
B. Social Responsibility/Social Entrepreneurship
C. Negotiation Skills
II. Economic Systems and Developments
A. Planned
B. Mixed
C. Market
D. Islamic
III. Global Business models
A. Developed economies-G8 countries
B. BRIC (Brazil, Russia, India, and China), African countries; other emerging economies
IV. International Trade
A. Opportunities and challengesB. Social Entrepreneurship opportunities 
B. Social Entrepreneurship opportunities.
V. World financial Interdependence
VI. Major Regional Trading Blocs (NAFTA, CAFTA, EU, AU, ASEAN, & APEC)
VII. Marketing in a Global Environment
A. Marketing mix
B. Resources (natural, financial, & human)
C. Global and Local Environmental Issues

Course Requirements

Course grades will be determined by the faculty and will include written tests, projects, and potential
presentations. Storage media and internet access will be needed in this course

Other Course Information

This course is a Business Elective.


Student Profile - Maribel