Objectives and competences

In this course students: 1. Systematically upgrade theoretical knowledge on mastering the changes in contemporary companies’ global business environment; 2. Systematically develop an understanding of managing change in the contemporary global business environment, the fundamental strategic aspects of international business and the performance of operational tasks in international business.Gain the ability to apply their theoretical knowledge for solving the practical problems from companies’ international business operation. 3. Make critical judgements of the challenges of companies’ international business operation.

Content (Syllabus outline)

• the characteristics of the global business environment and their impact on the international business of companies • risks in international business and how to manage them • the motives of companies for international business • fundamental strategic issues in international business • researching, segmenting, selecting and positioning companies in foreign markets • types and determinants of the choice of forms of entry into foreign markets • designing a marketing program for foreign markets • types and selection of payment instruments in international business • international commercial terms and export price calculations • insurance in international trade • origin of goods in international trade • planning export/import transactions • key elements of international business negotiations • sustainability in international business

Learning and teaching methods

• lectures and tutorials, • individual and teamwork at lectures and tutorials

Intended learning outcomes - knowledge and understanding

Development of knowledge and understanding: 1. Acquire comprehensive knowledge of contemporary companies’ global business environment (globalization and its impacts on companies’ business performance, requisite responses of companies to the changed circumstances in the global business environment, dimensions of companies’ international business environment); 2. 2. Acquire comprehensive knowledge of key strategic and operational aspects of companies’ international business operation (motives for international business, the analysis and selection of foreign markets, modes of entering foreign markets, creating a marketing program for foreign markets, the concept and the role of international commercial terms in international business, calculations of export prices, modes of insurance in international business, origin of goods in international business, key aspects of international business negotiations, export/import business planning); Gain a comprehensive knowledge of approaches to strengthening ethics in international business and understand their benefits for business, economies and societies (identifying forms of unethical practices in international business and understanding their harmful effects, knowledge of possible approaches of companies to strengthening ethics in international business and understanding their benefits for business).

Intended learning outcomes - transferable/key skills and other attributes

Cognitive/Intellectual skills: 1. Get the ability to search for and synthesize new information from the field of international business operation in literature and practice and to place them into the context of companies’ international business operation. 2. Can select appropriate method forproblem solving in the field of companies’ international business operation. 3. Can identify the problem in the field of companies’ international business operation from different points of view and are able to find appropriate solutions. Key/Transferable skills 1. Develop skills and expertise in the use of knowledge in a specific working area. 2. Upgrade the ability to become an autonomous learner. 3. Upgrade the abilities for teamwork. Practical skills: 1. Get practical experience in the field of companies’ international business operations. 2. Based on appropriate instructions they can act autonomously

Readings

Obvezna študijska literatura (Compulsory textbooks): - Korez Vide, Romana. 2022. Osnove mednarodnega poslovanja in turizma, Osnove mednarodnega poslovanja (skripta). Maribor: Ekonomsko-poslovna fakulteta. Dodatna študijska literatura (Additonal textbooks): - Daniels, John D., Radebaugh, Lee H. in Sullivan, Daniel D. 2019. International Business: Environments and Operations. 16th Edition. Harlow: Pearson Education (izbrana poglavja).

Prerequisits