We began writing a survey international business text about thirty years ago, and that text has successfully reached its ninth edition. So, you may ask "Why have you now written a second survey text?" We have two reasons: (1) Student audiences have broadened, creating a need for a shorter text in addition to the ;traditional longer ones; and (2) Many universities now require that professors use different texts for undergraduate and graduate courses, creating a need for different approaches at the two levels. We'll now elaborate on these two points.
First, when we began writing some thirty years ago, most students taking a survey international business course were upper level undergraduates or MBA students. Although this is still true, student audiences have been expanding both downward and upward. On the downward side, more junior colleges and community colleges have been offering survey international business courses. Many of their students lack the business and economics backgrounds that we assume for students plowing through our ninth edition text of about 800 pages. Further, they frequently lack both the time and background to analyze the short cases we have included at the end of all twenty-one chapters. Clearly, they need a text that is broad enough to cover the issues, but short enough so that they can absorb all the concepts. On the upward side, more business schools have been offering international business or international management courses within executive MBA programs. Professors teaching these courses generally depend more on projects and applications of materials than on lectures and presenting new terms and concepts. They depend on such tools as long comprehensive cases, industry and company analyses, scenario developments, and comparison of countries for business expansion. Given the time demands of working on projects, particularly when students typically work full time, there is little chance for students to cover a long text. Further, executive MBA students find much of the material from longer texts is superfluous because they deal with the issues regularly. Yet, they need shorter readings to synthesize major concepts so that they have a common framework for more orderly class discussions. Fortunately, the same synthesized shorter text version seems to be ideal for both the bottom-end and top-end of course levels. Although this seems incongruous, we have found a similar relationship for texts in other business courses.
Second, universities are increasingly requiring the use of different texts at the undergraduate and graduate levels. The reasoning behind this requirement is understandable, particularly if a school admits most of its MBA students from its own undergraduate business program, because students may otherwise get credit for taking essentially the same course twice. But, many professors teach at both the undergraduate and MBA levels and prefer one set of authors' viewpoints and priority of coverage over others'. This creates a dilemma for them because they may have to use a text by an author whose viewpoints differ from their own. Thus, we have maintained the same viewpoints and essential coverage from our longer text in this shorter text. As a result, we believe that professors can satisfactorily use one of our texts at one level and the other at the other level. They can further differentiate the courses through projects and additional materials.
When we decided to write a shorter text, we were tempted simply to abridge what was in our longer text. That would certainly have saved time, but we feel strongly that a shorter text needs a fresh and very different approach. Although concepts and viewpoints remain essentially the same between the two texts, we have reorganized materials completely. We have gone from 21 t0 14 chapters, and we have reduced the length of each chapter by about one-gird. Rather than simply eliminating some chapters or combining some of them, we started with a completely new outline. In some cases, we have pulled materials from throughout the larger book and put them together in a new format. For example, we did this by pulling almost all strategy material together in Chapter 2 and by pulling issues together on ethical and socially responsible behavior in Chapter 13. Chapter 5, "Links Among Countries," includes discussion of the movement of goods, investment, technology, and people among countries, and Chapter 6, "Stakeholders: Their Concerns and Actions," explains both the issues and how stakeholders press their viewpoints. As far as we know, no other text pulls materials together in this manner. We also put elements of managing the value chain together in Chapters 7, 8, and 9--producing, selling, and collecting.
We have begun each chapter with a short vignette showing a company's situation concerning the issues raised within the chapter. We take the viewpoint throughout that business responds to globalization and further enhances it. We cover this particularly in Chapter 1. We also take both a micro and macro focus throughout, such as covering both business operations and the effects of international business on society. Further, we distinguish the roles of companies and individuals, from such viewpoints as stakeholders, ethics, and careers.
We looked for an attractive visual motif that would be analogous to Globalization and Business and one that would express our viewpoint. We decided to use masks. The use of masks is nearly universal (thus the concept of globalization), but every society uses different designs of masks. Likewise, every society conducts business, but how they do business differs because of their unique economic, political, legal, and cultural environments. Thus, both masks and business are more universal on the surface than they are when one examines them closely.
We would like to thank Melanie Hunter for her work on the manuscript.
Supplements to accompany the book: Instructor's Manual and Test Item File. The Instructor's Manual portion includes chapter objectives, detailed chapter outlines, and lecture support. The Test Item File includes True/False, Multiple Choice, and Essay questions. Together the questions cover the content of each chapter in a variety of ways providing flexibility in testing the students' knowledge of the text. Instructor's Resource CD-ROM. This Windows based CD-ROM contains the computerized Test Bank, PowerPoint slides, and Instructor's Manual. The PowerPoint transparencies, a comprehensive package of text outlines and figures corresponding to the text, are designed to aid the educator and supplement in-class lectures. Test Manager, containing all of the questions printed in the Test Item File, is a comprehensive suite of tools for testing and assessment. Test Manager allows educators to create and distribute tests for their courses easily, either by printing and distributing through traditional methods or by on-line delivery via a Local Area Network (LAN) server. ON Location! Video. A collection of end of part video segments is available to qualified adopters. These professionally produced segments feature companies like: Teva, MTV Europe, Yahoo! and several others. MyPHLIP Web Site. The new MyPHLIP provides professors with a customized course Web site including new communication tools, one-click navigation of chapter content, and great PHLIP resources such as Current Events and Internet Exercises. PH Guide to e-Commerce and e-Business for Management. Free with any PH text, this guide introduces students to many aspects of e-business and the Internet, providing tips on searching out information, looking for jobs, continuing education, and using the Internet in Management courses. GLOBE (Global Landscape of the Business Environment) By Charles Stanfield and Jerry Westby, this electronic atlas offers political and physical maps to improve students' geography skills. In addition, regional overviews and statistics combine to offer student exercises that illustrate the impact of cultural and economic geography on business decisions. Available at a deep discount when purchased with the text.
View Table of Contents
1. The Growth of International Business and Globalization.
II. OPERATIONAL OBJECTIVES AND MEANS.
2. Choosing an International Competitive Strategy. 3. Forms of Operations.
4. National Differences Facing Operations. 5. Links Among Countries. 6. Stakeholders: Their Concerns and Actions.
IV. MANAGING THE INTERNATIONAL VALUE CHAIN.
7. Global Manufacturing and Supply Chain Management. 8. International Marketing. 9. Payments and Collections.
V. CONTROLLING INTERNATIONAL OPERATIONS.
10. Risk Management and Asset Protection. 11. Choosing Where to Operate. 12. Governance of Operations.
VI. INDIVIDUAL AND COMPANY CONCERNS.
13. Ethical and Socially Responsible Behavior. 14. Careers in International Business.
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