Course BA 4371-Honors International Business

Professor Charles F. Hazzard

Term Spring 2009
Meetings Wednesday 1:30-4:15pm, SM 2.802

Professor’s Contact Information

Office Phone 972-977-9391
Office Location SM 2.416
Email Address chazzard@amstx.net
Office Hours Thursday 1:00-5:00pm and by appointment

General Course Information

Pre-requisites/ Co- MATH 1326, MATH 2333, BA 3365/ BA 3341
requisites
21st century business is global. Even businesses that don’t sell to overseas
markets are effected by the costs of the products they make and the
effects on margins of potentially moving those costs to other countries.
Globalization, semi-globalization, and “three billion new capitalists” are
causing a “Globality” where businesses, cultures, and countries appear to
be competing with everyone from everywhere for everything.
Course Description
As a survey course in international business, this course will touch on the
major issues that effect global markets and companies. While doing so,
emphasis will be placed on those companies that have been successful
and why that success occurred.

Upon finishing this course, students are expected to recognize and

understand the following course objectives:
1) The dynamics of international trade and foreign direct
investment;
2) The various trade theories that explain the benefit and pattern of
international trade;
3) International organizations and institutions that affect
international business operations;
4) Multicultural aspects of international business and the cultural
Learning Outcomes
dimensions that indicate the cultural behavior of international
business organizations;
5) The uncontrollable business environments that impact
international business operations;
6) The ethics and responsibilities of multi-national firms in foreign
business operations;
7) The process of selecting, hiring, and controlling international
human resources for international business assignments.

Donald A. Ball, Wendell H. McCulloch, Jr., J. Michael Geringer,

Michael S. Minor, and Jeanne M. McNett, “International Business: The
Challenge of Global Competition”, 11th Edition, McGraw Hill Irwin,
Required Textbook
Inc., 2008.

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 Pankaj Ghemawat, “Redefining Global Strategy” Harvard Business
School Press, 2007.
Required
Frank Sampson Jannuzi, “U.S. – China Relations: An Affirmative
Books/Booklets
Agenda, A Responsible Course”, Council on Foreign relations,
Independent Task Force Report No. 59.

Clyde Prestowitz, “Three Billion New Capitalists”, Basic Books, 2005.

Alan Greenspan, “The Age of Turbulence”, Penguin Press, 2007.

Suggested Texts,
Readings, &
Materials Harold L. Sirkin, James W. Hemerling, and Arindam K. Bhattacharya,
“Globality”, Business Plus, The Boston Consulting Group, 2008.

Peter Dicken, “Global Shift”, 5th edition, The Guilford Press, 2007.

Assignments & Academic Calendar

[Topics, Reading Assignments, Due Dates, Exam Dates]
Approach to course
Class sessions will be organized around topics that track indicated
textbook chapters and topics deemed to be additive to the international
business subject area consistent with honors level work.

It is expected that students will have read syllabus – indicated chapters prior to
coming to class. It is expected that students will have read all data transmitted via
the internet prior to any class where such data is discussed. The same is true for
information handed out.

A typical class could involve:

*Lecture: instructor’s lecture slides cover some, but not all information in the
text supplemented by current information (“…after all, a text on international
business is stale the day it is published.”)
*Guest Speaker: where possible, talks by outside executives on topics of
relevance will add to subjects discussed. Dates for speakers will be flexible based
on their schedule constraints.
*Company Cases: specific companies will be discussed to serve as examples of
course content being delivered. Class participation encouraged.

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 1. Class Introduction
January 14 2. Syllabus
3. Class Context and primary Reference Materials Overview
Chapter 1: Rapid Change of International Business
1. New World Order – the end of the great global economic boom
January 21
2. Mexico – Texas #1 Trading Partner
*Individual Student Assignments – Reports Due in 2/11 class
1. Video: “3 Billion New Capitalists”
2. Thomas Friedman, “World is Flat” with Video (2006)
January 28 3. Pankaj Ghemawat, “Redefining Global Strategy” (2007)
4. Fareed Zakaria, “…Rise of the Rest” (2008)
5. Video: “Friedman Discussion” (Chapters 2 & 3)
Guest lecturer” Dr. Lawrence Redlinger
(Professor & Director of Strategic Planning & Analysis, UT Dallas)
February 4
1. Global Inter-connectivity
2. Global Resource Depletion (Chapters 4 & 5)
1. Alan Greenspan, “Globalization” & Regulation
2. How Arab Countries are coping with globalization –
February 11
Knowledge@Wharton (2008) (Chapters 6 & 7)
*Individual Student Reports
Guest Lecturer: David Darnell, SVP & CFO Intac-Asia
1. Doing Business in China
February 18
2. Sarbanes Oxley Act
3. Reverse Mergers (Chapters 8 & 9)
February 25 Doing Business in Russia – The “BRIC” Concept (Chapters 10 & 12)
The China Demographic
1. The Great Fall of China
March 4 2. China’s Export Machine Threatened by Rising Costs-WSJ
(2008)-Video
3. Shipping Costs Start to Crimp Globalization (Chapters 16 & 18)
1. PPP vs. GDP: Overview of World Ban Report (ICP c2005,
Feb2008)
March 11
2. Asset Pricing Model: Viability, Sustainability, & Deliverability
(Chapter 20)
March 18 Spring Break
1. Video: “China Brands”
2. Video: “China Rising”
March 25
*The Boston Consulting Group, “Globality: Competing with Everyone
from Everywhere for Everything”
1. Alan S. Blinder, Comparative Advantage & “Blinder’s Shift”
April 1 2. McKinsey Global Institute: Job Shift Estimates
3. East and Away – Will Your Job Move to China (K@W)
1. “Reverse Globalization”
April 8
2. Bonding Hypothesis & Sarbanes-Oxley

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 Guest Lecturer: Michael W. Wheeler, CEO Wheeler & Associates
April 15
1. Global Supply Chain Realities
International Private Equity – Wharton Review (2008)
April 22
**Eisenhower Final Assigned
Natural Resources and Environmental Sustainability
1. Video: “Clearing the Air”
April 29 2. Report to US Congress: June 2008: National Security
Implications of Global Climate Change Through 2030
(Consensus: US Intelligence Agencies)
May 5 **Eisenhower Final Due

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Course Policies
Your final grade will be determined as follows:
10% Attendance
25% Class Participation
25% Eisenhower Mid-Term
Grading Policy 10% Scantron Quiz
30% Eisenhower Final
(it is possible to earn negative points for poor attendance, for not participating in class
discussions, for excessive participation that is argumentative, off the point, and/or
annoying to others in the class)
You are required to attend class. This course is your course – your input will
determine your outcomes. Therefore, exclusive of the participation grade, you are
Attendance Rules
allowed 2 excused absences. After that, each absence results in a reduction of 5 points
from your total grade.
Excused Absence Exclusive of family emergencies, etc. an excused absence is one that requires the
Definition approval of the instructor prior to missing the class.
Make-Up Exams No make-up exams
Late Work Not accepted
In the business world, you don’t get to be late. If you are consistently late, it shows up
in your performance rating and, ultimately in your employability. Reducing that to
Being Late clear, quantifiable rules for this class means: 2 lates equal one unexcused absence – 5
points off the final grade. Any more than 2 lates will garner an invitation from the
instructor to drop the class.
Grade of
A+ = 95 plus
A = 91-94.9
A- = 89-90.9
B+ = 84.1-88.9
Numerical Grade B = 80-84 While these numbers reflect an effort to be
Correlations B- = 79-80.9 precise, the instructor reserves the right to
C+ = 74.1-78.9 “round” the letter grade up or down.
C = 71-74
C- = 70-70.9
D = 61-69
F = 60-Below
Cell phones off. No texting. Lap tops are off unless class work requires them. It is
easy to contact me by email outside the classroom for appointments and/or
supplemental communication of any kind. I am always available on my cell if you

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 need to call about missing a class at the last minute, etc. My office hours are the same
Classroom 52 weeks a year and my door is always open when I’m here. When you “sign in” at
Citizenship the start of this class, you will be asked to supply an email address, cell number, and
name printed by you so that it is legible.
Mr. Charles F. Hazzard is the retired Executive Vice President, Administration for
OxyChem (the chemical operations of Occidental Petroleum Corporations). He was
responsible for human resources, public and government relations and key
productivity improvement initiatives. He joined OxyChem as Senior Vice President,
Administration in 1983 after leaving Olin Corporation to help OxyChem improve its
profitability. Mr. Hazzard worked for Olin for ten years as Vice President o Human
Resources and Administrative Services. He has also held a number of managerial
positions with Olin, Citicorp, and Ford in compensation, benefits and employee
relations.

Mr. Hazzard led OxyChem’s $100 million growth program where the emphasis was
on cost efficiency, developing a more agile organization, improved supply chain
competition and enhanced customer alliances. This initiative was supported by a
three-year project to install a world-class information technology system. Results
indicated that OxyChem ranked sixth out of 46 chemical companies worldwide in
two key productivity indicators: PROFIT and SALES per employee.
Instructor
Biography
Mr. Hazzard has spearheaded a number of initiatives that helped establish OxyChem
as a corporate leader in the community. Over the last 20 years, as many as 150
OxyChem employees a year have volunteered their time to work with at-risk students
in six “adopted” schools within the Dallas metropolitan area. Mr. Hazzard was
honored in 2001 with the prestigious Dallas/ Fort Worth YWCA Mentors and Allies
Award with is granted each year to a DFW executive that has shown exceptional
commitment to supporting a balanced workplace, eliminating glass ceilings, and
creating better opportunities for women.

Mr. Hazzard holds a B.A. degree from the University of Nortre Dame and an MBA
from the Wharton School of Business at the University of Pennsylvania. His thesis at
Wharton, “The Behavior and Personality Characteristics of Successful Managers,”
was installed in the University of Pennsylvania library and served as a foundation for
his 33 year business career. After co-creating, with Dr. Redlinger, the UT Dallas
Cohort MBA class on contemporary business issues, Mr. Hazzard was honored to be
appointed an Adjunct Professor at the School of Management in 2004. In 2006, he
was appointed Clinical Professor, Exectuive in Residence and Senior Advisor to the
Dean. He is, as well, a member of the Board of Zale Lipshy University Hospital at
Southwestern Medical Center.
Off-campus, out-of-state, and foreign instruction and activities are subject to state
Field Trip
law and University policies and procedures regarding travel and risk-related
Policies
activities. Information regarding these rules and regulations may be found at the
Off-Campus
website address http://www.utdallas.edu/BusinessAffairs/Travel_Risk_Activities.htm.
Instruction &
Additional information is available from the office of the school dean. Below is a
Course Activities
description of any travel and/or risk-related activity associated with this course.
Technical If you experience any problems with your UTD account you may send an email to:
Support assist@utdallas.edu or call the UTD Computer Helpdesk at 972-883-2911.
The University of Texas System and The University of Texas at Dallas have rules and
regulations for the orderly and efficient conduct of their business. It is the
Student Conduct
responsibility of each student and each student organization to be knowledgeable
and Discipline
about the rules and regulations which govern student conduct and activities. General
information on student conduct and discipline is contained in the UTD printed

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 publication, A to Z Guide, which is provided to all registered students each academic
year.

The University of Texas at Dallas administers student discipline within the

procedures of recognized and established due process. Procedures are defined and
described in the Rules and Regulations, Series 50000, Board of Regents, The
University of Texas System, and in Title V, Rules on Student Services and Activities
of the university’s Handbook of Operating Procedures. Copies of these rules and
regulations are available to students in the Office of the Dean of Students, where staff
members are available to assist students in interpreting the rules and regulations (SU
1.602, 972/883-6391) and online at
http://www.utdallas.edu/judicialaffairs/UTDJudicialAffairs-HOPV.html

A student at the university neither loses the rights nor escapes the responsibilities of
citizenship. He or she is expected to obey federal, state, and local laws as well as the
Regents’ Rules, university regulations, and administrative rules. Students are subject
to discipline for violating the standards of conduct whether such conduct takes place
on or off campus, or whether civil or criminal penalties are also imposed for such
conduct.
The faculty expects from its students a high level of responsibility and academic
honesty. Because the value of an academic degree depends upon the absolute
integrity of the work done by the student for that degree, it is imperative that a
student demonstrate a high standard of individual honor in his or her scholastic work.

Scholastic Dishonesty, any student who commits an act of scholastic dishonesty is

subject to discipline. Scholastic dishonesty includes but is not limited to cheating,
plagiarism, collusion, the submission for credit of any work or materials that are
Academic
attributable in whole or in part to another person, taking an examination for another
Integrity
person, any act designed to give unfair advantage to a student or the attempt to
commit such acts.

Plagiarism, especially from the web, from portions of papers for other classes, and
from any other source is unacceptable and will be dealt with under the university’s
policy on plagiarism (see general catalog for details). This course will use the
resources of turnitin.com, which searches the web for possible plagiarism and is over
90% effective.
The copyright law of the United States (Title 17, United States Code) governs the
making of photocopies or other reproductions of copyrighted materials, including
music and software. Copying, displaying, reproducing, or distributing copyrighted
works may infringe the copyright owner’s rights and such infringement is subject to
appropriate disciplinary action as well as criminal penalties provided by federal law.
Copyright Notice
Usage of such material is only appropriate when that usage constitutes “fair use”
under the Copyright Act. As a UT Dallas student, you are required to follow the
institution’s copyright policy (Policy Memorandum 84-I.3-46). For more information
about the fair use exemption, see
http://www.utsystem.edu/ogc/intellectualproperty/copypol2.htm
The University of Texas at Dallas recognizes the value and efficiency of
communication between faculty/staff and students through electronic mail. At the
same time, email raises some issues concerning security and the identity of each
Email Use individual in an email exchange. The university encourages all official student email
correspondence be sent only to a student’s U.T. Dallas email address and that faculty
and staff consider email from students official only if it originates from a UTD
student account. This allows the university to maintain a high degree of confidence in

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 the identity of all individual corresponding and the security of the transmitted
information. UTD furnishes each student with a free email account that is to be used
in all communication with university personnel. The Department of Information
Resources at U.T. Dallas provides a method for students to have their U.T. Dallas
mail forwarded to other accounts.
The administration of this institution has set deadlines for withdrawal of any college-
level courses. These dates and times are published in that semester's course catalog.
Administration procedures must be followed. It is the student's responsibility to
Withdrawal from
handle withdrawal requirements from any class. In other words, I cannot drop or
Class
withdraw any student. You must do the proper paperwork to ensure that you will not
receive a final grade of "F" in a course if you choose not to attend the class once you
are enrolled.

Procedures for student grievances are found in Title V, Rules on Student Services and
Activities, of the university’s Handbook of Operating Procedures.

In attempting to resolve any student grievance regarding grades, evaluations, or other

fulfillments of academic responsibility, it is the obligation of the student first to make
a serious effort to resolve the matter with the instructor, supervisor, administrator, or
committee with whom the grievance originates (hereafter called “the respondent”).
Individual faculty members retain primary responsibility for assigning grades and
evaluations. If the matter cannot be resolved at that level, the grievance must be
Student
submitted in writing to the respondent with a copy of the respondent’s School Dean.
Grievance
If the matter is not resolved by the written response provided by the respondent, the
Procedures
student may submit a written appeal to the School Dean. If the grievance is not
resolved by the School Dean’s decision, the student may make a written appeal to the
Dean of Graduate or Undergraduate Education, and the deal will appoint and convene
an Academic Appeals Panel. The decision of the Academic Appeals Panel is final.
The results of the academic appeals process will be distributed to all involved parties.

Copies of these rules and regulations are available to students in the Office of the
Dean of Students, where staff members are available to assist students in interpreting
the rules and regulations.
As per university policy, incomplete grades will be granted only for work
unavoidably missed at the semester’s end and only if 70% of the course work has
Incomplete been completed. An incomplete grade must be resolved within eight (8) weeks from
Grades the first day of the subsequent long semester. If the required work to complete the
course and to remove the incomplete grade is not submitted by the specified deadline,
the incomplete grade is changed automatically to a grade of F.
The goal of Disability Services is to provide students with disabilities educational
opportunities equal to those of their non-disabled peers. Disability Services is located
in room 1.610 in the Student Union. Office hours are Monday and Thursday, 8:30
a.m. to 6:30 p.m.; Tuesday and Wednesday, 8:30 a.m. to 7:30 p.m.; and Friday, 8:30
a.m. to 5:30 p.m.

Disability The contact information for the Office of Disability Services is:
Services The University of Texas at Dallas, SU 22
PO Box 830688
Richardson, Texas 75083-0688
(972) 883-2098 (voice or TTY)
disabilityservice@utdallas.edu

If you anticipate issues related to the format or requirements of this course, please

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 meet with the Coordinator of Disability Services. The Coordinator is available to
discuss ways to ensure your full participation in the course. If you determine that
formal, disability-related accommodations are necessary, it is very important that you
be registered with Disability Services to notify them of your eligibility for reasonable
accommodations. Disability Services can then plan how best to coordinate your
accommodations.

It is the student’s responsibility to notify his or her professors of the need for such an
accommodation. Disability Services provides students with letters to present to
faculty members to verify that the student has a disability and needs
accommodations. Individuals requiring special accommodation should contact the
professor after class or during office hours.

The University of Texas at Dallas will excuse a student from class or other required
activities for the travel to and observance of a religious holy day for a religion whose
places of worship are exempt from property tax under Section 11.20, Tax Code,
Texas Code Annotated.

The student is encouraged to notify the instructor or activity sponsor as soon as

possible regarding the absence, preferably in advance of the assignment. The student,
so excused, will be allowed to take the exam or complete the assignment within a
reasonable time after the absence: a period equal to the length of the absence, up to a
maximum of one week. A student who notifies the instructor and completes any
missed exam or assignment may not be penalized for the absence. A student who fails
to complete the exam or assignment within the prescribed period may receive a
failing grade for that exam or assignment.
Religious Holy
Days If a student or an instructor disagrees about the nature of the absence [i.e., for the
purpose of observing a religious holy day] or if there is similar disagreement about
whether the student has been given a reasonable time to complete any missed
assignments or examinations, either the student or the instructor may request a ruling
from the chief executive officer of the institution, or his or her designee. The chief
executive officer or designee must take into account the legislative intent of TEC
51.911(b), and the student and instructor will abide by the decision of the chief
executive officer or designee.

These descriptions and timelines are subject to change at the discretion of the Professor.

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