Mason A Carpenter, University of Wisconsin at Madison
Sanjyot P Dunung, Atma Global
Copyright Year: 2011
ISBN 13: 9781453312995
Publisher: Saylor Foundation
Conditions of Use
The textbook covers a range of issues; however, it goes into areas that are beyond the scope of international business and increases the large about of information to be covered in one semester. read more
The textbook covers a range of issues; however, it goes into areas that are beyond the scope of international business and increases the large about of information to be covered in one semester.
The book is overall accurate, but it needs to be updated. Case studies, information about the current status of China, the WTO and international trade agreements all are out of date.
Trade agreements have changed, such a the RCEP being negotiated, and those changes have affected a number of geopolitical elements that should be acknowledged.
The book is written in a very conversational tone which is easy to read.
It is very consistent throughout in its organization.
The book is divided into sections that can be moved around and organized as is desired for the course.
The structure is a little awkward in the order I would put things and the emphasis I would put on different areas. It skips from one area to another, but overall that makes it more modular if the course is organized in a way that just necessitates readings or sections that can be inserted into the course.
The book is laid out clearly.
There are not a significant number of grammatical errors to skew the understanding or flow of the textbook.
Culture is a key issue for international business. The cultural section of the book doesn't continue to go into how culture affects how businesses operate to the point appropriate for this course.
The highlighted words that are emphasized in the book are not the keywords in the situation.
I currently use a textbook from a major publisher which is an introductory text in international business, much like this one. I find that the topics in both texts are comparable. I would not need another text to supplement the material. However,... read more
I currently use a textbook from a major publisher which is an introductory text in international business, much like this one. I find that the topics in both texts are comparable. I would not need another text to supplement the material. However, as others have mentioned in their review, the examples seem dated. As long as I emphasized the theoretical part, I would be fine with adopting the textbook. Also, each sub heading is organized with "key takeaways", discussion questions, and a summary. All of this provides reader friendly pedagogy.
No inaccuracies were noted. The examples provided throughout the textbook provide multiple perspectives, due to which this textbook will enjoy broad appeal to many instructors.
As long as instructors use the book to provide a framework of international business, the textbook will provide the foundation in a comprehensive manner. In the digital world where newsletters to supplement the textbook also become dated, instructors can always add currency to this textbook by providing examples that are current. The book is very relevant to a foundational course since it covers all aspects of international business.
The prose is written in a manner that creates interest in the topics. I found myself drawn to the several topics and sub topics because of the interesting examples given from not just one part of the globe, but all over. The points made in these headings and sub-headings are summarized, and also practical tips are given quite often. All this provides clarity for the reader.
Consistency is the biggest appeal of this textbook. By the second or the third chapter the reader knows what to expect, and how terminology will be understood through examples, and practical applications.
Although, I am used to chunking the chapters into sections, I believe that instructors can easily divide the various chapters into broader themes. The author provides each sub-heading as a comprehensive reading assignment. Bibliography is provided at the end of each section which can be assigned as further reading and research for the students.
I would rearrange the topics differently since there are some chapters that would logically flow better next to each other. Sub themes can be created by re-arranging the chapters differently.
I found the blue text within the chapter distracting since they are not hyperlinked. Also, many of the hyperlinks at the end of the section are not functional. The text does not offer many images that may enhance the explanation provided. This creates lack of interest for the reader. However, the images that are provided are relevant within the context of the discussion.
There are no grammatical errors.
The very fact that the book provides examples from all over the world rather than certain economies demonstrates cultural sensitivity to me. Furthermore, the examples are interesting and create curiosity for the different regions of the world.
I found the textbook to be relevant, user friendly, and fairly comprehensive. However, with all the bells and whistles provided by textbook publishers, the accuracy of working links, and superior supplements provided for the textbooks a strong draw towards sticking with the publishers. This by no means implies that this text cannot be used as is. If power points, testbanks and other supplements can be added, some of the negatives of this textbook can be easily overlooked. The price is just right ($0)!!
This textbook does a great job at providing the basics and foundation of international business. However based on the ever dynamic and changing world of international business, some information is a little dated. read more
This textbook does a great job at providing the basics and foundation of international business. However based on the ever dynamic and changing world of international business, some information is a little dated.
The author does a great job at presenting well-founded and peer reviewed facts. Again due to the rapidly changing laws and trade agreements, it is rather difficult to maintain accuracy in a book like this even from one semester to the next.
This book does a great job at presenting the fundamentals. There are only some aspects of this textbook that may deem to be obsolete. However, the foundational approach of this textbook does give the student a clear and concise description of the inner workings of international business.
The book is well written and does provide real-world scenarios. These scenarios can be extremely helpful in understanding the technical and academic aspects of international business.
The author does a fantastic job of providing a consistent message.
This textbook is written in a way that builds from one chapter to the next. It is easy to follow and its sequence allows the student to continually build on prior learning from prior chapters.
This textbook is very organized and very well planned.
Extremely manageable interface.
I found no grammatical errors
This book was written in a fashion that was sensitive to all cultures. It also gave very valuable insight to the ethical values and cultures of many other economic systems throughout the world.
The text covers a wide range of topics that are important and timely to international business. Instructors who teach international marketing should also find the text helpful. Nonetheless, the text does not provide index or glossary. read more
The text covers a wide range of topics that are important and timely to international business. Instructors who teach international marketing should also find the text helpful. Nonetheless, the text does not provide index or glossary.
The content is absolutely unbiased and accurate at the time of writing. Many examples and cases discussed in the text are real companies and their issues are continuing.
The text is highly relevant and up-to-date. Examples are well used. The theory and most concepts will not be obsolete within a short period of time. However, the challenge of teaching international business is that companies are consistently changing, revising their strategies, and making various adaptations to stay afloat, and therefore some of the examples (e.g., Google in China) might need to get updates more frequently than others. But it should be relatively easy and straightforward to implement.
The text is easy to understand and follow. Examples are abundant to adequately illustrate various concepts or terminology used in the text. But it would be better if a glossary was included.
The text is highly consistent. Examples (opening cases), contents, and exercises to reinforce students' learning are in order.
The book's modularity follows most mainstream IB textbooks. So, it should not be a problem for instructors to switch from their current text to this one. Each chapter is well organized with smaller reading sections. This definitely allows instructors to pick and choose the topics that fit into their curriculum.
The topics in the text are well organized and presented. Examples (opening cases), contents, and exercises to reinforce students' learning are in order. It would be very helpful if the beginning of each chapter has a table of content.
The text does not have many images and charts. So, I don't see any interface issues.
The text is written in plain English. I do not spot any grammatical errors.
The text is very culturally sensitive indeed. It uses examples from different parts of the world. It further includes real company examples from various countries across the globe to demonstrate the challenge of conducting international business. It's really a nice text.
The text is wonderful overall. Please include a table of content of the text, a table of content for each chapter, a chapter summary, a glossary. More tables and figures to illustrate some of the contents would be helpful too.
This is a massive text, and seems to cover everything I’d need in my International Marketing course. Without a table of contents or an index, however, it is difficult to understand the complete flow of this 730-page text! Any instructor using... read more
This is a massive text, and seems to cover everything I’d need in my International Marketing course. Without a table of contents or an index, however, it is difficult to understand the complete flow of this 730-page text! Any instructor using this text would need to begin by constructing their own.
This text seems to be very professionally written, and I have found no errors or evidence of bias. I would recommend it to college-level instructors
International Marketing is a rapidly changing topic, so it is difficult to write a text with examples that will not seem out of date in a few years. Examples in this text include Coca-Cola, DeBeers, and Google, which seem unlikely to be rendered obsolete any time soon.
The text is well-organized by section and subsection, but the lack of a table of contents or index makes it very difficult to find every reference to a particular topic. Without those, future updates will be very hard to integrate.
The text is very professionally written. Sentence structures and explanations are easy to follow, and should be easily accessible to college-level students.
The text is professionally written, and appears well laid-out. I do not see much evidence of language or concepts building on themselves, or of early topics being referenced in later chapters, however. There is also no glossary, and key words do not seem to be given highlighted definitions in the text. Still, the overall voice of the text is very consisent.
The case studies and matching exercises given in every chapter are a huge help, and make the massive text much more approachable to readers.
While the case studies, “amusing anecdotes” and exercises are very helpful, in some areas they seem to overwhelm the actual text. For example, Section 5.3, on The United Nations and the Impact of Trade, begins on page 252 and continues for 9 pages. If you remove all of the ‘asides,’ however, you are left with only 4 pages! More than half of the section is spent on asides.
The lack of any pictures or illustrations hinders reader understanding in some places. For example, the ‘6 Steps of Scenario Planning’ on page 397 would greatly benefit from a flowchart or diagram.
The text does not have a table of contents or index! This makes it very hard to use as a reference, and they should definitely be added. At 730 pages, the lack of a table of contents even makes it hard for an instructor to get a handle on what the book offers.
Blue, underlined text of chapter and section headings are not working hyperlinks, although they seemed designed to look like them.
The lack of pictures and illustrations make these text tiring to read. It always makes the text ‘feel’ unprofessional, although the content itself is great.
This text is very professionally written. I have not found any grammatical errors.
This text appears to be very professionally written. I have not found any evidence of cultural insensitivity, and the examples appear to come from many different countries. It is a large text, however, and I have not read all 730 pages.
While I understand that intellectual property rights somehow must require this book be published with the phrase “Author’s Name retracted as requested by the work’s original creator or licensee,” it is disconcerting to see that phrase appear again and again. That phrase is given 15 times in total, and I expect it will cause readers to question the quality of the content, unfortunately.
Table of Contents
- Chapter 1: Introduction
- Chapter 2: International Trade and Foreign Direct Investment
- Chapter 3: Culture and Business
- Chapter 4: World Economies
- Chapter 5: Global and Regional Economic Cooperation and Integration
- Chapter 6: International Monetary System
- Chapter 7: Foreign Exchange and the Global Capital Markets
- Chapter 8: International Expansion and Global Market Opportunity Assessment
- Chapter 9: Exporting, Importing, and Global Sourcing
- Chapter 10: Strategy and International Business
- Chapter 11: Global Entrepreneurship and Intrapreneurship
- Chapter 12: Winning through Effective, Global Talent Management
- Chapter 13: Harnessing the Engine of Global Innovation
- Chapter 14: Competing Effectively through Global Marketing, Distribution, and Supply-Chain Management
- Chapter 15: Understanding the Roles of Finance and Accounting in Global Competitive Advantage
About the Book
International Business is one of the most challenging and exciting courses to teach in the Business School. To teach a current, dynamic and complete course you need a textbook by authors as passionate and informed about International Business as you are.
Carpenter and Dunung's International Business: The Opportunities and Challenges of a Flat World provides exploration into building, leading, and thriving in global organizations in an increasingly flat world. The authors define ”Flat world“ as one where service industries that dwarf manufacturing industries in terms of scale and scope, an Internet that pervades life and work, and networks define modern businesses, whether service or manufacturing. Carpenter and Dunung's text is designed to speak to technologically-savvy students who see national borders as bridges and not barriers.
The authors use the lexicon of international business, and additionally, develop students' knowledge of international contexts with the aim that they may launch, run, and work in any organization that is global in scope (or is wrestling with global competition or other global threats).
The textbook is organized in 5 Sections:
- Section 1 introduces the global business course and concludes with a chapter on seizing global opportunities.
- Section 2 develops student knowledge about key facets of the global business environment, while
- Section 3 develops knowledge about how a student or organization can exploit opportunities in that global environment.
- Section 4 is devoted to entrepreneurship in a flat world — this section will explore why the entrepreneurial context is changing, provide lenses for identifying and capitalizing on entrepreneurial opportunities, and
- Section 5 shows how key organizational activities can be managed for global effectiveness. Every chapter has five enumerated learning objectives, each of these five sections concludes with a short summary (”Key Takeaways“) and five review questions.
In addition, each chapter concludes with a mini case on a unique global business that encompasses the topics shown in the chapter. The authors even provide a set of end-of-chapter questions that are mapped to AACSB learning standards, so that you will be able to measure how well students are grasping course content that aligns with the AACSB guidelines. Request a desk copy of Carpenter and Dunung's International Business: The Opportunities and Challenges of a Flat World to experience its current and progressive look at International Business for yourself.
About the Contributors
Mason A. Carpenter (PhD, 1997, University of Texas at Austin) is the M. Keith Weikel professor of leadership at the Univeristy of Wisconsin Madison’s Wisconsin School of Business. His research in strategic management concerns corporate governance, top management teams, social networks, and the strategic management of global startups and is published widely in leading management and strategy journals. He is also author of numerous books used in leading undergraduate, MBA, and educutive education courses around the world, including Principles of Management published by Flat World Knowledge. He is associate editor of the Academy of Management Review and serves on the editorial board of the Strategic Management Journal. At the University of Wisconsin, he is responsible for the undergraduate, MBA, and ExecMBA courses in business, corporate, and global strategy. With others, he has also advised the top management teams and business unit leaders of Fiskars, SABMiller, GE, Harley Davidson, Rockwell International, Vivendi, Kerry Ingredients, Covance, Danisco, Badger Meter, and Banta in the areas of strategy formulation, strategy implementation, and strategic change. His teaching accomplishments include MBA Professor of the Year, notoriety as one of the two most popular professors in several BusinessWeek MBA program polls, the Larson Excellence in Teaching award from the Wisconsin School of Business, and, most recently, a Distinguished Teaching award from the University of Wisconsin-Madison. He also works to integrate experiential and behavioral perspectives of strategic management into the classroom through positions on the BPS and SMS Executive Committees, Doctoral and New Faculty BPS consortia, and the widely-used BPS Strategy Teaching Toolkit.
Sanjyot P. Dunung is president of Atma Global (www.atmaglobal.com), a publisher of innovative learning products and solutions for the corporate, higher education, and K-12 markets. The company’s mission is to create engaging, best-of-class, global learning products and solutions focusing on countries, cultures, and global business issues. Sanjyot is a recognized leader in the field of cross-cultural learning and has more than fifteen years of extensive experience in developing leading-edge, multimedia learning solutions. Notably, she is the author of Doing Business in Asia: The Complete Guide, focusing on the cultural issues of conducting business in twenty Asian countries (1995 and 1998 by Simon & Schuster). Sanjyot periodically authors articles on doing business internationally. Further, she has appeared on CNBC-TV, CNN International, Bloomberg TV, and various radio programs and is often a guest speaker at conferences and seminars addressing international business and entrepreneurship. Her book, Straight Talk About Starting and Growing Your Own Business, was released in November 2005 by McGraw Hill; she has two entrepreneurship books, Starting Your Business and Growing Your Business with Business Expert Press. Sanjyot also worked as a banker in New York with American and Japanese banks. Sanjyot was selected as a protégé member of the Committee of 200. She’s cofounder and president of the Dunung-Singh Foundation, committed to providing educational opportunities and hope to underprivileged children. She also served as a member of the board of directors of the US Committee for UNICEF (United Nations Children’s Fund). Sanjyot mentors Afghan women entrepreneurs through Project Artemis. Sanjyot’s academic history includes a BA from Northwestern University and an MBA, with an emphasis in international finance, from Thunderbird, School of Global Management. She is the school’s 1997 recipient of the Distinguished Alumni award. Sanjyot was born in India; was raised in Liverpool, England and Chicago, and now lives in New York with her three sons.