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International Business ConceptsINTL 220 - 002Summer 2015ReviewWhat is the purpose of institutionsWhat are three key pillars/institutionsWhat are the three primary types of economic systems?What does uncertainty avoidance mean? Examples? How does time orientation vary by culture? ReviewWhat are two key elements of culture?What does it mean to be a high context culture? Example?How would you describe the cluster approach for cultural classification?What are the 5 dimensions identified in Hofstedes dimensional approach?

ReviewWhat are some strategic responses to ethical challenges?What is CSR?What is meant by sustainability?Who are stakeholders?What are some options for managing CSR?

Class ScheduleWEEKCLASS DATEREADINGSEVALUATIONS 17-MayChapter 1, Course Outline214-MayChapter 2In-class Assignment #1 Quiz #1321-MayChapter 3In-class Assignment #2 Quiz #2428-MayChapter 14In-class Assignment #3 Group Discussion #1 Quiz #354-JunChapter 4In-class Assignment #4 Group Discussion #2 Quiz #4611-JunChapter 5In-class Assignment #5 Group Discussion #3 Quiz #5718-JunChapter 8Test #125-JunChapters 6 & 7In-class Assignment #6 Group Discussion #4 Quiz #682-JulReading Week99-JulChapter 10In-class Assignment #7 Group Discussion #5 Quiz #71016-JulChapter 11Group Presentations1123-JulChapter 9In-class Assignment #8 Quiz #81230-JulChapter 12In-class Assignment #9 Quiz #9 GC&E Assignment136-AugChapter 13In-class Assignment #10 Quiz #101413-AugCourse SummaryTest #2Group Discussion #2 (2%)Devise a plan between your group members as to how you plan to approach your country research; who is responsible for which aspect i.e. culture, religion, business, politics, trade, etc.

- Be specific! How much weight will your presentation give to each section? How much depth is expected from each individual?- By the end of the week, each group should upload a word document describing their division of labor. - Discussion open June 1- June 7thGroup Discussion #3 (2%)Share your initial research findings with your group. Each group member should create an annotated bibliography with at least 5 sources dealing with the part of the project they are responsible for.Members should comment on each others research, make suggestions as to other places to look etc. Group Discussion #3 (2%)Annotated Bibliography list of citations. Each citation is followed by a brief summary of the article (could be an abstract). The purpose is to inform the reader of the annotation of the information provided from the source. The annotation should illustrate how the source is relevant to the project and that it is credible. Group Discussion #3 (2%)Annotated Bibliography Example

Jimeno, M. (2015). Understanding Cultural Context. Some Amazingly Reputable Journal. V23. P 4-15.

The article seeks to define cultural context and understand its utility in a business environment. The author analyzes a variety of case studies and illustrates that the lack of cultural awareness resulted in a business failure.

*Research Question*Method and ConclusionChapter 4Explain how a firm can exploit its resources/capabilities to sustain a competitive advantageRelate a firms resources/capabilities to theconcept of a value chainDifferentiate between in-house activities andoutsourcingAnalyze how a global manager can evaluatehis/her firms resources/capabilities through the lens of the VRIO modelResources (internal strengths & weaknesses)Tangible observable and quantifiableFinancial resourcesPhysical resourcesTechnological resourcesIntangible difficult to quantifyHuman resources & capabilitiesInnovation resourcesReputational resourcesValue ChainWhat is it?Why is understanding a firms value chain useful?Value ChainSet of activities performed in a specific way in order to deliver a final product to market. May help firm identify where they add value.

Ex. Nikehttp://www.nikeresponsibility.com/how/value/plan

OutsourcingWhat is outsourcing?What are the pros and cons?OutsourcingTurning over an organizational activity to an outside supplier that will perform it on behalf of the focal firm.

OutsourcingProsConsLower prices for consumersNurtures rivalsLower costs for firmsLoss of internal jobsFirms can specialize focus on core competenciesExploitation of workers/environmentTypes of outsourcing?Types of OutsourcingOffshoring outsourcing to an international or foreign firmOn-shoring/in-shoring outsourcing to a domestic firmCaptive sourcing setting up subsidiaries abroad. Location is foreign, but work is in-house (FDI).

Nike offshores 100% of production

Outsourcing - NikeEmploys 26,000 American workers vs. >+ 1 million contract workers 90% of which are in AsiaNike accused of exploiting low-wage workers

If production took place in the US the cost per pair of shoes would increase by $100

https://www.youtube.com/watch?v=M5uYCWVfuPQhttps://web.stanford.edu/class/e297c/trade_environment/wheeling/hnike.html

VRIO FrameworkV value (IBM Hardware)R rarity I imitability (Barbie)O organizational

Consider aspects of firm resources and capabilities. http://scholar.harvard.edu/files/nithingeereddy/files/starbucks_case_analysis.pdf

VRIO Framework - NikeValue Does Nikes resources and capabilities enable the firm to respond to environmental threats or opportunities? Rarity Are Nikes resources currently controlled by only a small number of competing firms?Imitability Do firms without a resource face a cost disadvantage in obtaining or developing Nikes resources?Organization Are Nikes other policies and procedures organized to support the exploitation of its valuable, rare, and costly-to-imitate resources?

http://joshsnikeblog.blogspot.ca/2012/02/evaluating-nikes-strengths-and.html

Nike v. AdidasGiven the VRIO framework, why does Nike outperform Adidas?In-class Assignment #4Choose a pair of rivals (not Nike and Adidas) and complete a VRIO analysis of the company you think has a competitive advantage over the other. In your analysis, consider some of the questions we used with the Nike example.

Complete your analysis in class, with your group members (for the group project). At the end of class you will hand in your analysis.

For Next ClassRead Chapter 5Quiz #4 (over Chapter 4) Due June 10thIn-class Assignment #4 Due TODAY before you leave class.Group Discussion #3 (Available June 8th to June 14th)