New International Ventures focuses on developing students abilities to prepare to start a new international business. Students develop a specific business idea, then examine the political risk, market opportunity, and operating conditions of their international market destination. The business plan is developed using market research options, entry modes, resource allocation, financial projections, and overall strategy for new ventures. The emphasis is on developing the ability of students to start a new business in another country using the business plan model. Prerequisites: ECN 5806, ACT 5809, MGT 5812, FIN 5815, INB 5821, INB 5827, and MKT 5833.

( GMP 5806 OR ECN 5806 )
AND ( GMP 5809 OR ACT 5809 )
AND ( GMP 5812 OR MGT 5812 )
AND ( GMP 5815 OR FIN 5815 )
AND ( GMP 5821 OR INB 5821 )
AND ( GMP 5827 OR INB 5827 )
AND ( GMP 5833 OR MKT 5833 )

A. Entrance Competencies:

It is assumed that students entering the course:

1) Will be familiar with macroeconomic principles such as GNP, GDP, inflation, unemployment ratios, currency exchange rates, exporting and importing of goods and services, customs and duties, taxation, balance of payments, etc.
2) Have completed most of the courses in the international business program as a basis for this course.
3) Developed their cognitive ability to relate international economic concepts to real-life business bottom-line situations.

B. Exit Competencies:

Students will be knowledgeable regarding:

1) Developing a comprehensive business plan for international market entry.
2) Identifying market opportunities.
3) Understanding of Country Risk Analysis, as applies to making strategic business decisions.
4) Understanding the effects of Forex on expected returns from International Ventures.
5) Familiarly with financial projections and scenario analysis.
6) Advising companies on foreign business ventures.

1. Required Materials


1. Textbooks

Case Book / Coursepack (please see Notes Section for purchasing information)
Pearson
ISBN: 0558290280

Notes: To purchase and access your FALL TERM online CoursePack, you will need to do the following: 1. Go to: http://www.xanedu.com/login.shtml?PackId=310093 2. If you have previously registered for another CoursePack, log in. If not, click the "register" link underneath the "Students" heading. Complete the registration page, and click Continue. 3. Confirm your CoursePack selection, and click Continue. 4. Complete your billing information, confirm and click Continue. 5. After completing the purchase pages, you will be taken to your CoursePack.

Preparing Effective Business Plans: An Entrepreneurial Approach - 2009
Barringer, Bruce R.
Pearson
ISBN: 9780132318327



APA Manual
Effective October 1^st 2009, the 6th edition of the APA Manual is required for all courses.

NSU Bookstore
Textbooks and Case Studies may be purchased from the NSU Bookstore (located in the University Park Plaza) by calling 1-800-509-2665 or online at http://www.nsubooks.bkstore.com.



2. Recommended Materials

Students should supplement the texts with readings in the Entrepreneurship literature.
Inc. Magazine
Journal of Business Venturing
Journal of Small Business Management
Entrepreneur Magazine
WSJ, NYT, MH (sections on entrepreneurship/international business)
SBA publications


Web Links:
sbaonline.sba.gov
ciber.bus.msu.edu/busres.htm
vfinance.com
flvencap.org
garage.com
ibrc.bschool.ukans.edu
enterweb.org
ffta.com
web.mit.edu/entforum/www/SBS
icsb.org
state.org
lowe.org
latpro.com
weber.u.washington.edu
cia.gov
asia-pacific.com
globalnomads.association.com
outpostexport.com
oir.dos.state.fl.us

The NSU libraries comprise the Alvin Sherman Library, Research, and Information Technology Center, East Campus Branch Library, Health Professions Division Library, Law Library and Technology Center, North Miami Beach Branch Library, University School Library Media Centers, and the William S. Richardson Ocean Science Library. Students are strongly encouraged to visit one of the physical locations and/or take advantage of the vast electronic library available for research. For more information, please visit http://www.nova.edu/library.

Please note that all required and recommended materials should be referenced in APA style.