International Business

International Business www.millikin.edu/ib

International Business Faculty

Full time: J. Mark Munoz, Carrie Trimble

B.S. in International Business

Students who complete a degree in International Business will be culturally aware, business savvy, and willing to adapt to cross-cultural environments. They will understand how globalization affects businesses at all levels--locally, regionally, and internationally.

Performance Learning

Performance Learning initiatives for third parties in the global community could include advising multinational corporations on entering the U.S. market, advising a foreign government on micro-enterprises, or competing in Model U.N.

Career Opportunities

Job opportunities for students who demonstrate this expertise include import/export agent, translator, foreign sales representative, international marketing manager, and international management consultant. Broadly speaking, positions can be found in multinational corporations, banks, consulting firms, business development, entrepreneurship, information technology, international aid agencies, non-government organizations, and the public sector.

Learning Goals for the International Business Major:

• Students will be able to explain how international factors affect domestic concerns of the host country. • Students will be able to explain the role of institutions the global marketplace. • Students will be able to explain the key business issues related to multinational operations. • Students will be able to conduct both formal and informal interactions with members of the host country in a professional manner. • Students will demonstrate awareness of and respect for host culture and an understanding of its history. • Students will apply their knowledge of the relationships between business functions of multinational organizations through an international consulting project.

Requirements for the Major

In addition to the business core courses, students will be required to complete 24 credits of international business courses and complete the Modern Language requirement.

Required Courses (18 credit hours):

IB330. International Business (3) FI354. International Trade and Finance (3) IB410. International Business Consulting (3) OR PO367. Model UN (3) PO322. Global Issues (3) or approved course CO432. Intercultural Communication (3) OR SP330. Spanish for Business (3) OR FR360. French for Business (3) IB471. International Business Internship (3)

Modern Language & Communication Requirement (0-8 credit hours):

Proficiency equivalent to two college semesters of a single modern language—successful completion of a modern language course numbered 114 or above, or passing a proficiency exam administered by the Department of Modern Languages.

(6) 300/400 level credits from a Partner school:

Students may select, with approval by their academic advisor, from the following partner schools where they will study towards the IB Major. The specific 300/400 level International Business courses taken at the partner school will be determined during a discussion with the student’s academic advisor.

Available partner schools include: • Artevelde University College (Ghent, Belgium) • Banking and Commerce School (Mexico City, Mexico) • Business Academy Aarhus (Aarhus, Denmark) • Copenhagen Business Academy (Copenhagen, Denmark) • Duale Hochschule Baden Wurttemberg (Stuttgart, Germany) • European Business School (Paris, France) • InHolland University (Haarlem, Netherlands) • International University of Catalonia (Barcelona, Spain) • Paris School of Business (Paris, France) • Rotterdam Business School (Rotterdam, Netherlands) • University of Applied Sciences Wiener Neustadt (Wiener Neustadt, Austria) • University of Los Andes (Santiago, Chile) • University of Paris-Est Créteil (Est Créteil, France) • See page 239 of this Bulletin for more information.

A grade of C+ or higher is required in the following course: IB471. International Business Internship

A grade of C or higher is required in the following courses: IB330. International Business FI354. International Trade and Finance IB410. International Business Consulting OR PO367. Model UN

CO432. Intercultural Communication OR SP330. Spanish for Business OR FR360. French for Business

The Tabor School of Business offers a dual-degree program for students from the Paris School of Business leading to a Bachelor of Science degree in International Business. The dual-degree students complete the Tabor Core requirements and the International Business requirements given above. However, the dual-degree students meet the study abroad requirement through their time at the Paris School of Business, and the IB471 requirement is waived due to F-1 Visa constraints.

International Business Minor

Students who complete a minor in International Business will be culturally and politically aware of how world events impact business. Students will understand how globalization affects business at all levels – locally, regionally, and internationally. Students will be adaptive to cross-cultural environments.

Learning Goals for the International Business Minor

• Students will be able to explain how international factors affect domestic concerns of the host country. • Students will be able to explain the role of institutions in the global marketplace. • Students will be able to conduct both formal and informal interactions with members of the host country in a professional manner.

Requirements for the International Business Minor

Required Courses (12-15 credits)

EC100. Principles of Macroeconomics (3) AC230. Introduction to Financial Statements (3) PO221. Introduction to International Relations (3) IB330. International Business (3) Business travel course* (0-3)

International Electives (6 credits)

IB410. International Business Consulting (3) Other Tabor International class** (3) PO321. Global Issues (3) PO324. Politics of the Developing World (3) PO367. Model UN (3)

International Business Communication (3 credits)

SP330. Spanish for Business (3) FR360. French for Business (3) CO432. Intercultural Communication (3)

*Travel requirement can be met by International Elective and must be an approved business-related course. **Must be approved by Tabor chair.

International Business Courses (IB) (Credits)

IB225. Study Abroad Experience (1)

This course is intended to prepare Tabor International Business majors for study abroad and assist in their re-assimilation to campus upon return from a semester abroad. Additionally, the course serves to facilitate the study abroad experience of the International students visiting Tabor and the Tabor International Business majors currently abroad.

IB330. International Business (3)

Problems and possibilities of doing business in an international context: Possible forms of international business involvement; the international monetary system and international exchange markets; multinational firm strategies related to finance, marketing, personnel and production; the impact of cultural and political differences on the business environment.

IB410. International Business Consulting (3)

Provide students with the opportunity to apply concepts learned to real world situations. Operating in teams, students will provide consulting to small/mediumsized business enterprises under the direction of a faculty team. Students will explore potential markets in the U.S. for international businesses not presently importing to the United States.

IB450. Study Abroad Practicum (3)

This course examines the global issue of identity and adaptation in a study abroad experience. With an increasingly globalized economy, the exporting of capitalism and Western values is often exemplified as democratizing and equalizing while also vilified as 21st century colonialism. Millikin students who study abroad will bring with them their socialization in a democratic, capitalistic society all the while trying to adapt to and celebrate the culture of the host country they visit. Students will search for the balance of accepting and criticizing the culture around them, so they’re sure they’re behaving as ethical, democratic citizens. The challenge is for the study abroad experiences to allow for personal growth without the losing sight of core identities.

IB471, 472. International Business Internship (1-3)

A cooperative course between the University and selected businesses to develop further the professional training of International business majors. Combination of work experience and written reports.

Dual Degree Program for PSB Students

Students from Paris School of Business (PSB) in Paris, France who have completed their second year of coursework may transfer to the Tabor School of Business and take an additional 35 hours of academic credit. This additional course work fulfills the requirement for the Bachelor of Science degree in Management from Millikin University. The curriculum was developed by PSB and the Tabor faculty to fill gaps in the PSB program with Tabor’s strong emphasis on the connections between theory and practice.

This dual degree program strengthens the value of these students’ education in several ways: • An educational experience in the United States business environment is highly valued. • PSB students need the opportunity to improve their decision-making and application based business skills. The Tabor School is particularly well equipped to help them develop these skills, as well as, team and presentation skills. • It provides the students an opportunity to practice their English both in the classroom and in a business environment. • It allows the students to develop a broad-based understanding of U.S. culture and its implications for business decisions. • It enables the students to understand the connection of business theory to practice. • It provides students a better understanding of the integration of the various business functions.

Admission procedures

A semester prior to entering the Tabor program a student must complete the following: • Submit an Official Transcript translated into English • Submit the current grade point average in U.S. based scale. A student must have a 2.50 grade point average for admission. Exceptions may be granted upon the recommendation of the PSB program director. • Certify the number of credits that will have been completed by the date entering Millikin. • Submit a TOEFL score of 550 written or 213 on the computer-based exam, or 79 on the internet-based exam, or equivalent, or submit a letter from the PSB international director attesting to the appropriate language competency. • Submit to the Registrar an assessment of the courses completed and currently enrolled in which may fulfill the Millikin University general education requirements.

Note:

The Millikin University registrar will evaluate the student for acceptance and specify which courses, IF ANY, may be needed above and beyond the 35-credit degree program. The student must then either take the course(s) at Millikin or present evidence that the requirement has been fulfilled. Students should be aware that no Millikin University financial aid is available for the Paris Program.

Upon completion of the above steps, the student’s application will be reviewed by the Office of Admissions through their international student admission process. At the end of the semester prior to attending Millikin, the student must present a transcript to verify acceptable completion of the semester’s work and to indicate how any other credit or grade point average problems have been addressed.

Requirements of the Program

The Dual Degree program requires students to complete 124 credits counting both transfer credits and those earned at Millikin University. The Millikin University portion must include a minimum of 35 credits. Additional credits may be required if the student has not successfully completed the expected freshman/sophomore courses. See admissions requirements above.

Required Courses Fall Semester (17 credits)

BU230. Business Conversations (3) MG345. Leading Organizational Change (3) MG370. Operations Management (3) MG377. Supply Chain and Logistics (3) FI340. Introduction to Financial Management (3) IB225. Study Abroad Experience (1)

Required Courses Spring Semester (18 credits)

IN250. U.S. Structures (3) BU450. Global Business Strategy (3) ET260. Designing Your Life (1) PH215. Business Ethics (3) MG375. Project Management (3) MG372. Quality Management (3)