International Business

International Business Management

This program will deal with the various concepts related to International Business stressing on the high demand of Logistics in Canadian Labor Market. The program will cover topics, areas, issues such as import-export, international trade, international finance, sourcing and purchasing of international products, dealing with Canadian trading and business houses, foreign exchange transactions, marketing issues, cultural sensitivities, global entrepreneurial activities, Canadian government departments, and the utilization of services of foreign government agencies to promote trade from and to Canada.

PROGRAM LENGTH:

50 WEEKS

COURSES:

International Entrepreneurship: IB 01
International Economics And Concepts: IB 102
International Logistics: IB 103
Global Marketing And Cultural Issues: IB 104
International Trade Law: IB 105
Canadian Customs (Rules And Procedures): IB 106
International Trade Finance: IB 107
International Banking And Finance: IB 108
International Marketing And Concepts: IB 109
Import-Export Procedures: IB 110

This is a "how-to", "nuts and bolts" course in international trade and investment transactions. This course looks at the basic legal steps inovlved in undertaking international trade transactions. It then proceeds to consider the step beyond trade, investment, and how it is typically conducted by companies between countries, how the transactions are structured, the potential risks that arise with them and how those risks can be overcome or managed.

Objectives:

A candidate who has successfully completed this subject should:
Understand how the principal transactions of international trade and investment are structured and work in practice.
Understand the relevant regulatory regimes governing the principal transactions of international trade and investment.
Understand how trade transactions are financed, and risks are transferred, by documentary credits.
The skills developed in this course include:
Conceptualisation skills regarding transaction patterns.
Critical thinking, problem-solving and analytical skills.
Oral and written communication skills (substantial class time is devoted to how to write a good research paper and the interactive seminar format and class presentation element of the assessment affords substantial opportunities to all students to participate in class and present to the class).
Main Topics

1. Introduction to Course

2. Basic trade contracts and the meaning of common trade terms (f.o.b., c.i.f., etc)

3. An introduction to choice of law and choice of jurisdiction in international trade contracts (no materials �simply to be discussed in class).

4. The Vienna Convention on International Sale of Goods

5. Payment systems, including documentary credits and collections

6. The Various Ways of Doing Business Abroad:
Agency
Distributorship
Acquisition
Establishment of a Branch Office or
Subsidiary
Joint Ventures
Licensing
Franchising
7. Termination of Sales Agents and Distributors in Civil Law jurisdication

8. Joint Ventures in China.

9. Practical Problems Protecting Intellectual Property in Developing Countries: a case study.

10. Economic, Cultural and Environmental Impacts of Foreign Direct Investment.

11. Red Tape as an Obstacle to Growth in Poor Countries

12. The Effectiveness of Incentives for FDI

13. Expropriation Risk -- Role of ICSID and Bilateral Investment Treaties

14. Bribery and corruption in international business transactions.

The business world is no longer bound by the borders of the country in which they operate. The globalization of the marketplace introduces a new set of challenges which managers of today must face and overcome. The growth of multinational corporations has created a need for a set of professionals who can combine management skills along with an understanding of the cultural and economic dynamics of different countries.

The UOWD MIB is intended for both new graduates as well as graduates with work experience who want to focus on global management issues. The UOWD MIB is an 8-subject flexible program primarily aimed at international management issues.

The MIB program aims to:

Prepare students for the international business world, in the Middle East and beyond
Enable students to acquire knowledge of the international economic environment for business
Develop amongst students an understanding and awareness of local culture in the UAE in comparison with the international environment
Enable students to learn the application of international business principles in their own organizations
Enable students to learn the analytical tools used in international
Facilitate the development of teamwork skills and will learn how to function as a team-member, being able to synthesize the work of others to produce clear and comprehensive class presentations through active co-operation
demonstrate an appreciation for learning as a life long process

This course prepares suitably qualified people for positions in International Business. The course provides units on core International Business studies and allows students to pursue one are in more depth via an ‘elective�unit. It equips students with the knowledge and skills necessary to begin working in International Business.

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