“CULTURAL ENVIRONMENT OF INTERNATIONAL BUSINESS: IB5014-1 > The Worlds Marketplace
The Worlds Marketplace
Instructions
This section will inform you about the parameters within which international
business is conducted. Of greatest import, perhaps, is culture, a prominent
theme throughout this course. Whatever the cultural parameters in a country or
region are will help inform the political, legal, technological, and accounting
realities that must be considered before any foray into international business.
As an international business practitioner, your acute awareness of culture and
cognizance of the other realities will further inform how you will manage the
myriad of ethical decisions that you can be assured will need to be navigated.
The weeks in this section will acquaint you with the work of Geert Hofstede and
introduce you to the harmonization of worldwide accounting standards. The final
assignment will acquaint you with various theories of ethics as they relate to
private sector activity.

Required Readings
Refer to the Books &
Resources section of each Weeks introduction for the required readings.

IB5014-8 > The Worlds Marketplace > Week 1

Error while getting records Introduction saved
successfully
.ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″”>Week: 1

Introduction:
Global Orientation
Globalization today
is inevitable. As a result our daily routines highlight how closely people from
throughout the world are interrelated. Now more than ever, all country-specific
companies must globalize if they want to sustain their competitiveness. No
longer can we ignore the increases in the number of foreign firms investing and
competing within all countries; or the increase of regionalization/regional
trade blocs. To this end, there are four major trends that can be argued as
causes to these changes: (1) worldwide acceptance of free market system; (2),
rapid growth of international institutions such as the WTO (World Trade Organization),
IMF (International Monetary Fund), and World Bank; (3) technological growth;
and (4) the decline in the price of technological products.

One of the biggest challenges faced in international business is
cultural differences. For example, white is a symbol of mourning in various
Asian countries and therefore avoided in weddings. This is a stark contrast to
the common practice of wearing a white wedding gown in the U.S. culture.
Therefore, having an in-depth understanding of the values, ethics, and belief
systems of people from foreign countries is imperative. The primary obstacle in
achieving a complete understanding of a foreign culture is the Self Reference
Criterion (SRC) where domestic managers will often refer to their own cultural
beliefs in decision-making. A related concept is ethnocentrism which refers to
the belief that ones own culture is superior to other cultures.

To this end, global awareness becomes an important skill in
international business. To be globally aware, managers of international
business must understand the history of other cultures as this will help them
to understand how the foreign nationals will think. Multinational companies
welcome management with global awareness and tolerance of other culturesand should strive to achieve cross-cultural
literacy.

You will be introduced to the cultural environment of
international business; global orientation, global awareness, social
responsibility; and ethics in the area of globalization as well as given an
opportunity to apply the principles through the following assignment. Through
conducting research and responding to a series of questions, you will enhance
your knowledge of these important concepts.
1. Review the
resources listed in the Books and Resources area below to prepare for this
weeks assignment(s).
2. Complete the
following Spotlight on Skills if you need assistance with the tools used to
complete your assignments.
Spotlight on Skills:
APA Form and Style
Throughout this course, and other courses here at Northcentral
University, you are required to follow APA form and style when preparing
assignments. If you are unfamiliar with APA form and style, take this
tutorial:.apastyle.org/learn/tutorials/basics-tutorial.aspx””>The
Basics of APA Style. Are you already familiar with APA
form and style? Keep up with the 2010 changes by taking this tutorial:.apastyle.org/learn/tutorials/brief-guide.aspx””>What’s
New in the Sixth Edition. Check out this blog for deeper
discussions and examples:.apastyle.org/””>APA Style Blog. You can
visit:.apastyle.org/learn/faqs/index.aspx””>Frequently Asked Questions About
APA Style.

Spotlight on Skills: Preparing the Discussion Post
This week, you will enter into a discussion with your instructor.
See.ncu.edu/syllabus/download_file.asp?syllabus_rr_id=173036″”>Preparing
the Discussion Post for more information on how to
prepare a discussion assignment.

Can
not update due to invalid characters

Books and Resources for
this Week:

Books

Reference

Instruction

Griffin, R. W., &
Pustay, M. W. (2015) International business

Read Chapters 1 and 2
.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS8x””>http://www.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS8x
2).
.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS80NQ””>http://www.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS80NQ==

Articles

Reference

Instruction

Carpenter, J. M.,
Moore, M., Alexander, N., & Doherty, A. (2013).
.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=87341771&site=eds-live””>http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=87341771&site=eds-live

Read article

Tae Won, M., &
Sang Il, P. (2011).
.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=58616745&site=eds-live””>http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=58616745&site=eds-live

Read article

Document/Other

Reference

Instruction

Chapter 1 Presentation
.ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″” title=””Download””>griffin_ib8_inppt01.pdf

Review presentation

Chapter 2 Presentation
.ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″” title=””Download””>griffin_ib8_inppt02.pdf

Review presentation

ASSIGNMENT INSTRUCTIONS:IB5014-8 > The
Worlds Marketplace > Week 1 > Analyze Global Orientation Reasons
(Graded, Required)

Week 1 Assignment: Analyze Global Orientation
Reasons

Activity Description
Conduct scholarly research and present a narrative paper
that discusses the following:
1. Define
and explain the idea of global orientation and elaborate upon the factors
necessary to achieve global awareness.
2.
Describe some of the successful approaches companies use to achieve competitive
advantage in global markets.
3.
Analyze the conditions that have led to the development of globalization.

Support your paper with a
minimum of three (3) external resources In addition to these specified
resources, other appropriate scholarly resources, including older articles, may
be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and
concepts presented in the course and provide new thoughts and insights relating
directly to this topic. Your response should reflect scholarly writing and
current APA standards. Be sure to adhere to Northcentral University’s Academic
Integrity Policy.
CULTURAL
ENVIRONMENT OF INTERNATIONAL BUSINESS: IB5014-1 > The Worlds MarketplaceThe Worlds MarketplaceInstructionsThis
section will inform you about the parameters within which international
business is conducted. Of greatest import, perhaps, is culture, a prominent
theme throughout this course. Whatever the cultural parameters in a country or
region are will help inform the political, legal, technological, and accounting
realities that must be considered before any foray into international business.
As an international business practitioner, your acute awareness of culture and
cognizance of the other realities will further inform how you will manage the
myriad of ethical decisions that you can be assured will need to be navigated.
The weeks in this section will acquaint you with the work of Geert Hofstede and
introduce you to the harmonization of worldwide accounting standards. The final
assignment will acquaint you with various theories of ethics as they relate to
private sector activity. Required ReadingsRefer to the Books &
Resources section of each Weeks introduction for the required readings. IB5014-8 > The Worlds Marketplace > Week 1 Error while getting records Introduction saved
successfully .ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″”>Week: 1 Introduction:Global OrientationGlobalization today
is inevitable. As a result our daily routines highlight how closely people from
throughout the world are interrelated. Now more than ever, all country-specific
companies must globalize if they want to sustain their competitiveness. No
longer can we ignore the increases in the number of foreign firms investing and
competing within all countries; or the increase of regionalization/regional
trade blocs. To this end, there are four major trends that can be argued as
causes to these changes: (1) worldwide acceptance of free market system; (2),
rapid growth of international institutions such as the WTO (World Trade Organization),
IMF (International Monetary Fund), and World Bank; (3) technological growth;
and (4) the decline in the price of technological products.

One of the biggest challenges faced in international business is
cultural differences. For example, white is a symbol of mourning in various
Asian countries and therefore avoided in weddings. This is a stark contrast to
the common practice of wearing a white wedding gown in the U.S. culture.
Therefore, having an in-depth understanding of the values, ethics, and belief
systems of people from foreign countries is imperative. The primary obstacle in
achieving a complete understanding of a foreign culture is the Self Reference
Criterion (SRC) where domestic managers will often refer to their own cultural
beliefs in decision-making. A related concept is ethnocentrism which refers to
the belief that ones own culture is superior to other cultures.

To this end, global awareness becomes an important skill in
international business. To be globally aware, managers of international
business must understand the history of other cultures as this will help them
to understand how the foreign nationals will think. Multinational companies
welcome management with global awareness and tolerance of other culturesand should strive to achieve cross-cultural
literacy.

You will be introduced to the cultural environment of
international business; global orientation, global awareness, social
responsibility; and ethics in the area of globalization as well as given an
opportunity to apply the principles through the following assignment. Through
conducting research and responding to a series of questions, you will enhance
your knowledge of these important concepts.1. Review the
resources listed in the Books and Resources area below to prepare for this
weeks assignment(s).2. Complete the
following Spotlight on Skills if you need assistance with the tools used to
complete your assignments.Spotlight on Skills:
APA Form and Style
Throughout this course, and other courses here at Northcentral
University, you are required to follow APA form and style when preparing
assignments. If you are unfamiliar with APA form and style, take this
tutorial:.apastyle.org/learn/tutorials/basics-tutorial.aspx””>The
Basics of APA Style. Are you already familiar with APA
form and style? Keep up with the 2010 changes by taking this tutorial:.apastyle.org/learn/tutorials/brief-guide.aspx””>What’s
New in the Sixth Edition. Check out this blog for deeper
discussions and examples:.apastyle.org/””>APA Style Blog. You can
visit:.apastyle.org/learn/faqs/index.aspx””>Frequently Asked Questions About
APA Style.

Spotlight on Skills: Preparing the Discussion Post
This week, you will enter into a discussion with your instructor.
See.ncu.edu/syllabus/download_file.asp?syllabus_rr_id=173036″”>Preparing
the Discussion Post for more information on how to
prepare a discussion assignment.Can
not update due to invalid characters Books and Resources for
this Week: BooksReferenceInstructionGriffin, R. W., &
Pustay, M. W. (2015) International businessRead Chapters 1 and 2.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS8x””>http://www.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS8x2)..coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS80NQ””>http://www.coursesmart.com/9780133457339/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTc4MDEzMzQ1NzMzOS80NQ==ArticlesReferenceInstructionCarpenter, J. M.,
Moore, M., Alexander, N., & Doherty, A. (2013).
.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=87341771&site=eds-live””>http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=87341771&site=eds-liveRead articleTae Won, M., &
Sang Il, P. (2011).
.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=58616745&site=eds-live””>http://proxy1.ncu.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=58616745&site=eds-liveRead articleDocument/OtherReferenceInstructionChapter 1 Presentation
.ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″” title=””Download””>griffin_ib8_inppt01.pdfReview presentationChapter 2 Presentation
.ncu.edu/Week/WeekDetail?weekid=38946&learnerCourseId=450635″” title=””Download””>griffin_ib8_inppt02.pdfReview presentationASSIGNMENT INSTRUCTIONS:IB5014-8 > The
Worlds Marketplace > Week 1 > Analyze Global Orientation Reasons
(Graded, Required) Week 1 Assignment: Analyze Global Orientation
Reasons
Activity Description Conduct scholarly research and present a narrative paper
that discusses the following:1. Define
and explain the idea of global orientation and elaborate upon the factors
necessary to achieve global awareness.2.
Describe some of the successful approaches companies use to achieve competitive
advantage in global markets.3.
Analyze the conditions that have led to the development of globalization.
Support your paper with a
minimum of three (3) external resources In addition to these specified
resources, other appropriate scholarly resources, including older articles, may
be included.

Length: 5-7 pages not including title and reference pages

Your paper should demonstrate thoughtful consideration of the ideas and
concepts presented in the course and provide new thoughts and insights relating
directly to this topic. Your response should reflect scholarly writing and
current APA standards. Be sure to adhere to Northcentral University’s Academic
Integrity Policy.”