Domestic and Global Business Environment

BA 7000 Domestic and worldwide production line Conditions Bradley T. Ewing, Ph. D. Jerry S. Rawls Professor in Operations Management Area of ISQS Office BA 164A Ph one and only(a) 742-3939 Email bradley. emailprotected edu MBA Summer 2009 COURSE DESCRIPTION BA 7000 Domestic and Global Business Conditions This course is intended to help students develop a stop understanding of the domestic and global environments in which US phone linees compete. Specifically, this course takes a satellite-view of markets in which soakeds compete, including markets for goods and services money, bonds and stocks foreign exchange and labor.These markets are examined individually and as a system. Particular emphasis is placed on studying the interactions among all markets in order to gain a better understanding of how domestic and global business conditions prompt the formulation and implementation of business strategies. COURSE OVERVIEW This course examines the fundamentals of business condition s analysis with an emphasis on how domestic and global business conditions affect the formulation and implementation of business strategies. Specifically the primary goals of this course are to enable you to Recognize the relevance of domestic and global business conditions to managerial decision-making and firm performance, and to befool business principles to relate to business issues and the marketplace. Understand the mechanisms of the domestic and global business environment within the broad social, political, industrial and economic contexts. Explore the disposition of business conditions and the implications for decision-making, research, business and policy. Analyze the firm, boldness, or practices and its operations from a domestic and global systems perspective.Acquire a skill stria of analytic tools that will increase your human beings capital. BOOKS & MATERIALS These sidereal day harbors are fairly quick and easy to read The Under overlay Economist by Tim Harf ord The Tipping Point How Little Things Can Make a Big release 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 Global Economy by Pietra Rivoli Articles Who Supplied My Cheese? Business political economy, October 2005. (will be posted on my web academic degree www3. tltc. ttu. du/ewing) Strengthening Globalizations Invisible Hand, Business stintings, October 2006. (will be posted on my web site www3. tltc. ttu. edu/ewing) Other Economics for Dummies (contains background, reference material) Online Lecture Notes a set of magnatePoint slides (in pdf) available on my web site (http//courses. ttu. edu/bewing). You should use these to supplement the e-delivery lectures You should read Economics for Dummies in its entirety before reading any of the other books or doing the assignments. Additionally, you should view the lectures on DVD concurrently with your reading of Economics f or Dummies.Reading Economics for Dummies and viewing the lectures earlier to doing the assignments will help you understand the material and it should help you get the best grade realizable. LEARNING OBJECTIVES 1. Develop students ability to think in business equipment casualty and about the conditions surrounding their operating environment. 2. Develop students ability to view establishments from a domestic and global business systems perspective. 3. Build students analytical skills for conducting business analysis. 4. Provide students with the opportunity to develop strategies for real world problems, and to develop decision making skills. . Integrate knowledge gained in other business experiences. Course Topic Guide material to be covered Business Conditions Concepts and Analysis Introduction to business conditions, concepts and analysis Operating a firm within the domestic and global environment Global economy and the Federal Reserve Economics of Risk risk analysis (percep tion & communication), risk management & decision making Value existence, Supply Chain Economics Business model integrating economics, operations & strategy Note You may download a set of PowerPoint slides to accompany the lectures.COURSE REQUIREMENTS AND GRADING All assignments need to be emailed to me with the course title and semester (i. e. , MBA BA 7000 Summer 2009) clearly written in the subject line. I will acknowledge receipt of your assignments usually within 24 hours. Due to the amount of spam and the use of a junk mail filter, do no assume that I cause received your assignment until you lose received an acknowledgement from me (Note please use your official Texas Tech email account so that way your email has a better chance of get through).General Guidelines for Written Work All written naturalise prepared outside of class should be typewritten and contain a cover varlet with your name, course number, date, and title. Where page lengths are noted for particular as signments, the page lengths assume 12 point font, 8 1/2 by 11 paper, double spaced type, and one inch margins on all sides. In cases where 12 pitch type is not available, page lengths should be adjusted proportionately. Please include a cover sheet for all work which includes your name along with the date and subject of the project. Written work will be graded for both content and quality.That is, grammar, punctuation, spelling, coherence, style, and organization will be considered. A concise style is essential. Corporate executives repeatedly emphasize the need for business schools to do a better job of preparing MBAs to spell in an organizational context. The standards utilise to writing quality will approximate those applied to major corporate documents that have been prepared for broad distribution among higher-ranking executives. In order to receive a grade of B in the course the student will need to do B quality work on each of the above assignments.In addition to the above assignments, students will need to do B quality work on the following assignments (1-4) Assignment 1 Turn in a 2-3 page critique of The Undercover Economist. In your critique of the book tell separate points that you think will be valuable to you (or, in some cases, for a particular industry, the domestic or global economy) in the old age to come. Additionally, identify what parts, if any, of the book were a deplete of your time to read. I also want you to identify what parts of the book relate to the lectures.Next, discuss how you would/could achieverfully take for the major points of the book in an organization (of your choosing but presumably in the field of your chosen profession). talk over potential pitfalls (i. e. , areas that are especially vulnerable to mastery 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) a pply some of these tools and knowledge other than to the organization in the future.Then on a scale of 1 to 10 (ten being the best) give an boilers suit assessment of the book. Assignment 2 Turn in a 2-3 page critique of The Tipping Point. In your critique of the book 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 geezerhood to come. Additionally, identify what parts, if any, of the book were a waste of your time to read. I also want 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 yo u would (e. g. , if you were to be consulted or had been consulted) apply some of these tools and knowledge other than 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 3 Turn in a 2-3 page critique of Freakonomics. In your critique of the book 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 book were a waste of your time to read. I also want 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 i n 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 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 book were a waste of your time to read. I also want 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 following 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 artic le 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 Value 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 real company and then select a country (or, if doi ng a project related 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 external environment of the country 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 fit 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 over time? Are there key competitors that present opportunities or challenges to the firm?Define 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 competitive 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 required (but do NOT count in the page length suggestions).The direct 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. Overall level of development 2. Economic growth GDP and industry 3. Role of foreign trade in the economy 4. Currency inflation rate, currency controls, stability of exchange rate 5. Balance of payments 6. Per capita income and distribution 7. Disposable income and spending patterns B. Social/Cultural 1.Population size, growth, density, distribution (urban/rural) 2. Literacy rates, education levels 3. Existence of middle class 4. Similarities and differences in relation to com panys home market 5. Language and other cultural considerations C. Political 1. System of government 2. Political stability and continuity 3. Ideological orientation 4. establishment involvement in business 5. Attitudes toward foreign business 6. National economic and development priorities 7. Membership in regional trade organizations D. Technological E. animal(prenominal) 1. Physical distribution and communications network (e. . , supply chain) 2. Climate variations 3. Shipping distance F. Major Threats and Opportunities II. Industry/Competitive Environment A. Threat of New Entrants/Barriers to Entry 1. Limitations on trade (e. g. , high tariff levels, quotas) 2. Documentation and import regulations 3. Local standards, practices, and potential non-tariff barriers 4. Patent/trademark availability 5. Preferential treaties with a companys home country 6. heavy considerations for investment, taxation, profit repatriation, employment 7. Availability of intermediaries B. Threat from Competitors 1.Number 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 behavior and estimation, price elasticity of demand, etc. ) 2. Local production, imports, consumption 3. Exposure to and acceptance of product/service 4. Availability of antonymous products/services 5. Industry-specific key indicators of demand 6. Attitudes towards products of foreign originE. Power of Suppliers 1. Number and location of suppliers 2. Market structure (e. g. , competitive, monopoly, or in-between, etc. ) F. Major Threats and Opportunities 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 turn in all assignments is Monday, August 3rd at 500 PM CLASSROOM POLICY ISSUES WITHDRAWAL POLICY The requirements set by the university for withdrawal will be strictly followed.You should retain all documentation of courses you have dropped. STUDENTS WITH SPECIAL NEEDS The university is committed to the principle that in no aspect of its programs shall there be differences in the treatment 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. Any student who because of a disability may require special arrangements in order to meet course requirement should contact the instructor as soon as possible to make any necessary 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 complete honesty and a high stan dard 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 administration as a upright offense and renders the offenders liable to serious consequences, possibly suspension. The catalog defines cheating as Dishonesty on examinations and quizzes or on written assignments, illegal possession of examinations, the use of unauthorized notes during an examination or quiz, obtaining information during an examination from the examination paper or otherwise from another student, assisting others to cheat, alteration of grade records, illegal entry to or unauthorized presence in an office are instances of cheating. In this class, collaboration 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 holy day should make that intention known 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.