IB 303International Business Operations

3 credits · International Business · Penn State

A survey of the major aspects of international business environment and operations with an emphasis on the cultural dimension. I B 303 International Business Operations (3) (IL) International business is important and necessary because economic isolationism has become impossible. Failure to become a part of the global market assures a nation of declining economic influence and deteriorating standards of living for its citizens. International business therefore presents more opportunities for expansion, growth, and income than does domestic business alone. This course will cover the major aspects of international business environment and operations with emphasis on its impact on the local businesses in your state. In other words, in this course you will learn why international business differs from domestic business, economic theories on international trade, and how managers deal with the uncontrollable forces such as cultural differences of international environment. In this course you will develop a global perspective through studying the impact of other countries and their peoples on society and develop skills that will enable you to interact effectively in an interdependent global community.