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Stephen R. Lawrence

The International Business specialization is for learners who would like a thorough understanding of international business concepts, tools, and applications. This knowledge can be employed to advance in your current work, to prepare for international jobs and careers, and to generally understand the importance and role of international business practice on globalization and geopolitics. The specialization covers the global context of business, national cultures, human resources, marketing, supply chains logistics, foreign exchange, and modes of entry – all in the context of international business and commerce. Along the way are many lectures, examples, cases, readings, and tools that can be employed to better understand the practice of international business. The specialization emphasizes the differences between domestic versus international business practice with a particular focus on the risks and mistakes that are all too easy to make when working abroad. Upon completion of the specialization, learners will have a broad understanding of the breadth and scope of international business and a solid foundation upon which to advance their careers and interests.

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What's inside

Four courses

International Business Context

This course on the context of international business provides an overview of the environments in which international business has existed in the past and how it operates in the present. It covers the theory and history of international trade, globalization, and the political, economic, and ethical environments in which international business must operate. Finally, it presents current international trade agreements and national trade laws and regulations.

International Business and Culture

In this course, learners develop a solid understanding of how national cultures shape international HRM, marketing, and business generally. The course provides an overview of international culture, HRM, and marketing. This grouping of topics is essential because successful international HR management and marketing are highly dependent on national culture.

International Business Operations

This course provides a foundation in international supply, logistics, and foreign currency exchange. The first half reviews supply chain management, sourcing, logistics, and transportation. The second half focuses on foreign currency exchange risks and mitigation methods.

International Business Venturing Abroad

This course examines the various ways businesses can engage in international commerce. It covers country selection, exporting and importing, contract modes of entry (licensing, franchising), and foreign direct investment strategies (joint ventures, mergers, acquisitions). The course concludes with a personal perspective on going global, including decision-making, preparation, working and living abroad, and challenges upon returning home.

Learning objectives

  • Comprehend and critique global business including trade theories, globalization, political and economic systems, ethics, and international trade law.
  • Apply models of national culture to international marketing and human resource management.
  • Understand methods of organizing international logistics and supply chains and explain foreign currency exchange and its risks.
  • Analyze and evaluate the many modes and methods that businesses can participate in international markets.

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