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Instructor Manual for Global Business, 5th Edition By Mike W. Peng ||Complete A+ Guide
Instructor Manual for Global Business, 5th Edition By Mike W. Peng ||Complete A+ Guide
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Instructor fManual: fPeng, fGlobal fBusiness, f5e; f©2023; f9780357716403; fChapter f2: fFormal fInstitutions: fPolitics, fLaws, fandEconomics
INSTRUCTORMANUAL f
GlobalBusiness,5thEditionMikeW.Peng
f f f f f f
Chapter 1-17 f
Chapter 1 f
Table of Contents f f
Purpose and Perspective of the Chapter ................................................................................ 2
f f f f f
Cengage Supplements ........................................................................................................ 2
f
Chapter Objectives ............................................................................................................. 2
f
Complete List of Chapter Activities and Assessments............................................................... 3
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What's New in This Chapter ................................................................................................. 3
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Opening Case Discussion: Emerging Markets—Apple, America, and China ................................. 3
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Chapter Outline .................................................................................................................. 4
f
End-of-Chapter Guide ......................................................................................................... 9
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Review Questions............................................................................................................................................. 9
f
Critical Discussion Questions ......................................................................................................................... 11
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Global Action .................................................................................................................................................. 12
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Closing Case: Emerging Markets—Are US Multinationals Good for America?............................................ 12
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Appendix ..........................................................................................................................14
Generic Rubrics .............................................................................................................................................. 14
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Standard Writing Rubric ................................................................................................................................ 14
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Standard Discussion Rubric ........................................................................................................................... 14
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1 © f2023 fCengage. fAll fRights fReserved. fMay fnot fbe fscanned, fcopied for fduplicated, for fposted
fto
a fpublicly faccessible fwebsite, fin fwhole for fin fpart.
, Instructor fManual: fPeng, fGlobal fBusiness, f5e; f©2023; f9780357716403; fChapter f2: fFormal fInstitutions: fPolitics, fLaws, fand
Economics
Purpose and Perspective of the Chapter f f f f f
The purpose of this chapter is to explore the concepts of international and global business. First,
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we discuss the importance of studying global business. Then, we develop the unified framework
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used in each chapter, which focuses learning on one fundamental question and twocore
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perspectives—an institution-based view and a resource-based view. Next, we explore the
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concepts of globalization, semiglobalization, and risk management. As a backdrop for the
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remainder of the text, the Global Business and Globalization at a Crossroads section makes two
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points: First, a basic understanding of the global economy is necessary. Second, it is importantto
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critically examine your own personal views and biases regarding globalization. Additionally, we
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outline three leading debates concerning business and globalization/deglobalization. Finally,we
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explore the broad implications for savvy managers and students for the future of global business
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in a less global world.
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Cengage Supplements f
The following product-level supplements provide additional information that may help you in
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preparing your course. They are available in the Instructor Resource Center.
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Transition Guide (provides information about what’s new from edition to edition) f f f f f f f f f f
Educator’s Guide (describes assets in the platform with a detailed breakdown of f f f f f f f f f f f
activities by chapter with seat time)
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PowerPoint (provides text-based lectures and presentations) f f f f f
Test Bank (contains assessment questions and problems)
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Guide to Teaching Online (provides information about the key assets within the product
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and how to implement/facilitate use of the assets in synchronous and asynchronous
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teaching environments)
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Accelerated Course Syllabus (provides guidance on the recommended delivery of course f f f f f f f f f f
materials given a 5-week, 8-week, 12-week, and 16-week course)
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MindTap User Guide (provides information on how to navigate and use MindTap) f f f f f f f f f f f
Chapter Objectives f
The following objectives are addressed in this chapter:
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1-1 Explain the concepts of international business and global business. f f f f f f f f
1-2
f Give three reasons why it is important to study global business.
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1-3 Articulate one fundamental question and two core perspectives in the study of global f f f f f f f f f f f f
business.
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1-4 Describe the importance of globalization, semiglobalization, and risk management.
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1-5 State the size of the global economy and its broad trends and understand your likely
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bias in the globalization debate.
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1-6 Participate in three leading debates concerning global business. f f f f f f f
1-7
f Draw implications for action. f f f
1-8 Understand the structure of the book and the discipline. f f f f f f f f
2 © f2023 fCengage. fAll fRights fReserved. fMay fnot fbe fscanned, fcopied for fduplicated, for fposted
fto
a fpublicly faccessible fwebsite, fin fwhole for fin fpart.
, Instructor fManual: fPeng, fGlobal fBusiness, f5e; f©2023; f9780357716403; fChapter f2: fFormal fInstitutions: fPolitics, fLaws, fand
Economics
Complete List of Chapter Activities and Assessments f f f f f f
For additional guidance refer to the Teaching Online Guide.
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Chapter PPT slide f Activity/Assessment Duration
Objectiv
f
e
1-2 7 Opening Day Quiz in PPT and f f f f f 5 min f
Text (Table 1.2)
f f f
1-4 19 Discussion Activity 1 in PPT f f f f 10 min f
1-6 26 Polling Activity in PPT f f f 5 min f
1-6 29 Discussion Activity 2 in PPT f f f f 10 min f
[return to top] f f
What's New in This Chapter f f f f
The following elements are improvements in this chapter from the previous edition:
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Opening Case: Apple, America, and China f f f f f
Closing Case: Are US Multinationals Good for America?
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In Focus 1.1: How Firms From Emerging Economies Overcome Liability Of Foreignness
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In Focus 1.3: The Dell Theory of Peace
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Debate 1: Globalization versus Deglobalization f f f f
Debate 2: Strategic versus Nonstrategic Industries
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Debate 3: Just-in-Time versus Just-in-Case Management
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Table 1.3: Basics of Scenario Planning
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Table 1.6: Implications for Action f f f f
Figure 1.3: Trade-offs Between Global Value Chain Resilience and Cost Per Unit
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New Implications for Action: The future of global business in a less global world
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New Topics: Black swan events, deglobalization, global value chain, organizational slack,
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resilience, stakeholder, triple bottom line
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[return to top] f f
Opening Case Discussion: Emerging Markets—Apple, America, f f f f f
and China
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This case can be used to help students understand how firms such as Apple are able compete
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around the world while dealing with the various rules of the game. Ask students how a company
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can adapt when the larger geopolitical relationship between their home and host country
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changes. What determines their success and failure? How can they use globalization totheir
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advantage? How important was it for Apple to get involved in trade discussions and decisions by
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directly lobbying US government officials?
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[return to top] f f
3 © f2023 fCengage. fAll fRights fReserved. fMay fnot fbe fscanned, fcopied for fduplicated, for fposted
fto
a fpublicly faccessible fwebsite, fin fwhole for fin fpart.
, Instructor fManual: fPeng, fGlobal fBusiness, f5e; f©2023; f9780357716403; fChapter f2: fFormal fInstitutions: fPolitics, fLaws, fand
Economics
Chapter Outline f
In the outline below, each element includes references (in parentheses) to related content.
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―CH.##‖ refers to the chapter objective; ―PPT Slide #‖ refers to the slide number in the PowerPoint
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deck for this chapter (provided in the PowerPoints section of the Instructor Resource Center);
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and, as applicable for each discipline, accreditation or certification standards (―BL 1.3.3‖).
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Introduce the chapter and review learning objectives for Chapter 1. (PPT Slide 2).
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I. INTERNATIONAL BUSINESS AND GLOBAL BUSINESS (LO 1-1, PPT Slides 3–4) f f f f f f f f f
a. Key Concepts f
International business is typically defined as (1) a business (firm) that f f f f f f f f f f
engages in international (cross-border) economic activities and (2) the
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action of doing business abroad.
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Global business is defined in this book as business around the globe and
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includes both (1) international (cross-border) business activities covered
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by traditional IB books and (2) domestic business activities.
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This book goes beyond competition in developed economies. It devotes
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extensive space to competitive battles waged in emerging economies and
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the base of the global economic pyramid.
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b. Key Terms f
International business (IB): (1) A business (firm) that engages in f f f f f f f f f
international (cross-border) economic activities and/or (2) the action of
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doing business abroad
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Multinational enterprise (MNE): A firm that engages in foreign direct f f f f f f f f f
investment (FDI)
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Foreign direct investment (FDI): Investment in, controlling, and
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managing value-added activities in other countries
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Global business: Business around the globe f f f f f
II. WHY STUDY GLOBAL BUSINESS? (LO 1-2, PPT Slides 5–9)
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a. Key Concepts f
Why study global business? f f f
(1) Enhance your employability and advance your career in the global f f f f f f f f f
economy f
(2) Better preparation for possible expatriate assignments abroad
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(3) Stronger competence in interacting with foreign suppliers, f f f f f f
partners, and competitors, and in working for foreign-owned
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employers in your own country
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b. Key Terms f
4 © f2023 fCengage. fAll fRights fReserved. fMay fnot fbe fscanned, fcopied for fduplicated, for fposted
fto
a fpublicly faccessible fwebsite, fin fwhole for fin fpart.
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