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The nationally recognized major in Global Business prepares students for a career in international business, public and not-for-profit service, as well as graduate study in a number of disciplines including law, finance, business, and government.
The University's language programs in Chinese (Mandarin), French, German, Japanese and Spanish support this program.
Global Business is presented as a process of understanding how cultures and political systems manage their economics and the rules and procedures that nations create to permit and encourage businesses to operate within their borders. To understand foreign business situations, an emphasis is placed on developing knowledge of and sensitivity to both the cultural and political climates of host countries.
Students completing the Global Business major will gain an understanding of:
Issues facing organizations operating beyond their domestic borders;
Problems and opportunities faced by developing nations as they attempt to grow their economies;
Selected major trading relationships of the United States (China, Mexico, Japan, the EU); the major trading blocs (e.g., NAFTA, the European Union, MERCOSUR, etc.); the major U.S. and world agencies that support global trade, development, and investment; and the positive and negative impacts that all these entities have on national cultures, standards of living, civil liberties, and business in general.
Students are encouraged to develop a geographic area of emphasis or concentration through interdisciplinary study. Linked to the academic study of issues and practices are the requirements that students become proficient in a second language and that they study abroad. Approval from either the Global Business Hunsaker Chair or the Business Department Chair is required for all interdisciplinary and overseas-study aspects of the degree.
1. Prerequisite Courses
We advise students to complete the majority of their prerequisite courses no later than the spring of their sophomore year. GLB 228 should be taken early, in the first academic year, if possible, followed by GLB 240 U.S. Business Law. Transfer students must take GLB 228 in their first semester, unless exempted, in writing, by the chair. All prerequisite courses must be taken for a numerical grade and students must earn a minimum grade of 3.0 in each course.
The following courses are prerequisites for the required major courses. Substitutions to these requirements can be made only with the written approval of the Department Chair. Some also satisfy Liberal Arts Foundation requirements.
BUS 136 Principles of Global Marketing
ECON 101 Principles of Economics
Any ECON 200-level or higher course, or any other international course from any discipline at the 300- level or higher
GLB 228 Globalization 1870 to Present
GLB 240 U.S. Business Law
POLI 202 Statistical Analysis and Mapping of Social Science Data, or MATH 111 Elementary Statistics and Probability with Applications
ACCT 210 Principles of Financial Accounting
ACCT 220 Principles of Managerial Accounting
2. Core Courses
BUS 310 Principles of Management and Organization Behavior or BUS 410 Organizational Consulting
GLB 336 International Business (4)
GLB 353 Financial Management (4)
GLB 356 International Finance (4)
GLB 457 Strategic Issues in Global Business (4)
GLB 459 Business Policy and Strategy (4)
Two additional GLB 300 or 400 series Advanced International Business courses (3–4 credits; includes study abroad course)
Two International Courses: At least two International courses chosen from the following areas: Economics, Environmental Studies, History, Political Science, Art, Asian Studies, Latin American Studies, Psychology, International Relations, Sociology, and Anthropology, or Religion; at the 300 level or above. The department is open to International courses from other disciplines, subject to relevance.
3. Additional Requirements
If no second ECON course, then one more international elective at the 300-400 level, is required.
Study Abroad: Minimum of one semester abroad, with additional study abroad recommended and supported by the department.
Language proficiency: Testing placement at the entry point to the 400 level of a foreign language by graduation. This means the student will have completed the 302-level course with at least a grade of 3.0 in the final semester or the equivalent. For languages not found in the UR Catalog offering, including Arabic, students must provide appropriate documentation to the Department Chair.
Foreign-language study: All students must take at least 8 credits of a foreign language. Students who are already proficient may take the required 8 credits either in the language(s) in which they are proficient or in another language.
The expectation of the major is that students will take at least 8 credits of language relevant to their area of concentration.
Optional: for Honors Eligibility
MATH 120 Brief Calculus (4) or MATH 121 Calculus I (4) or MATH 118 Integrated Calculus I AND MATH 119 Integrated Calculus II (8)
Note: MATH 120 is strongly recommended for all Global Business Majors but is required ONLY for Global Business Majors seeking Honors.
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Program Learning Outcomes
Demonstrate competency through the 302-level in written and verbal communication in a second language.
Identify and understand the challenges and opportunities of operating a business or non-governmental organization in international settings.
Utilize critical thinking to produce sound strategic decisions by identifying, comparing, and contrasting how foreign and domestic businesses formulate strategies and operate globally.
Develop a capacity to meaningfully evaluate a company (or non-profit) performance with the application of appropriate financial and statistical techniques as well as accounting methods.
Demonstrate an interdisciplinary knowledge of at least one other area of the world outside of the United States.
Develop a critical understanding of the foundations and varieties of capitalism around the world and understand their impact on current business practices.
Utilize verbal communication skills to engage an audience with a coherent, persuasive research presentation.
Accurately apply written communication skills to produce in-depth written analyses of course readings and/or cases.
Accurately assess the global operations and challenges of an individually assigned, internationally active, major company during a semester-long analysis, in order to provide intelligent, informed recommendations to strategic dilemmas.