IM535 International Operations Management · international operations. •To understand the effect of different environmental frameworks on international operations. •To know the

IM535 – International Operations Management

Introduction and Overview

Globalization?

• Globalization refers to:

– Set of interdependent relationships among people from different parts of a world.

– Also, integration of world economies through the reduction of barriers to the movement of trade, capital, technology, and people.

• Globalization concept has been around hundreds of years ago this has expanded human contacts over ever-wider geographic areas have expanded the variety of available resources, products, services, and markets.

IM535 – International Operations Management Department of Industrial and Management Engineering

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International Business?

• Globalization enables us to get more variety, better quality, or lower prices goods and services from anywhere in the world!

• International business enables us to acquire such products and includes all commercial transactions (sales, investments, and transportation) between two or more countries

– Private for profit.

– Governmental

• International business adds significant influences to typical domestic operations

– Physical

– Societal

– CompetitiveIM535 – International Operations Management Department of Industrial and Management Engineering

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Why Should You Study International Business?

• A simple answer is that international business comprises a large and growing portion of the world’s total business.

– Global events and competition affect almost all companies.

– Most companies also compete against products and services that come from abroad.


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• A more complex answer is that company operating internationally will engage in modes of business, such as exporting and importing, that differ from those it is accustomed to domestically.

– To operate effectively, managers must understand these different modes.


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• Also, as a manager in almost any industry, you’ll need to consider both

– Where to obtain the inputs you need of the required quality and at the best possible price?

– Where you can best sell the product or service that you’ve put together from those inputs?


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• Even if you never have direct international business responsibilities, you may find it useful to understand some of its complexities.

– Where you want to work.

– What governmental policies you want to support.


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• At the same time, you’ll need to understand that the best way of doing business abroad may not be the same as the best way at home.

– First, when your company operates internationally, it will engage in modes of business that differ from those in which it engages domestically.

– Second, physical, social, and competitive conditions differ among countries and affect the optimum ways to conduct business.


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Factors in International Business Operations

The complex set of relationships among conditions and operations that may occur when a firm decides to conduct some of its business on an international scale.


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Objectives of this Course

• To gain basic knowledge about the means of managing international operations.

• To understand the effect of different environmental frameworks on international operations.

• To know the theories and institutions related to trade and investment.

• To understand the dynamics of international business-government relationships.


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Tentative Course Outline


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Grades Distribution

• 30% 7th Week Exam.

• 20% 12th Week Exam.

• 10% Continuous assessment during semester.

– You lose one grade for each absence… starting this week!

• 40% Final Exam.


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Exams!

• All exams’ questions are multiple choice and true or false questions.

• Time allocated to each question is on average 1 minute!

– Expect an average of 60 questions for a one hour exam.

– Expect an average of 120 questions in your final exam.

• Your text comes with sample questions that you can use to train yourself on that type of questions.

• Sample exams will be provided


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Regulations!

• All students are expected to attend classes regularly and promptly. Students who are absent from classes periods more than 20% of the time (3 times absence) will face forced withdrawal.

• Any student who does not take a scheduled exam will receive a grade of zero for the examination missed.

• No makeup is allowed under any circumstances.


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Class

• Class participation is required.

• Anything that disturbs the class, whether it be a cell phone, pager, or some other noise-making device, must be turned off prior to class time.

• Also, students are to be on time. Please do not attend class if you are ten or more minutes late. This disrupts the class.

• Also, if you must leave class during class time for an unexpected reason, please do not return.


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Other Information

• Course material will be available online to all students, including handouts, presentations, and sample exams.

– https://sites.google.com/site/kelkilany/

• References

– Daniels, Radebaugh, and Sullivan; “International Business: Environments and Operations”; Latest Edition, Prentice Hall.


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IM535 International Operations Management · international operations. •To understand the effect of different environmental frameworks on international operations. •To know the

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