Understood what is meant by the term globalization.

Recognized the main drivers of globalization.

Described the changing nature of the global economy.

Explained the main arguments in the debate over the impact of globalization.

Understood how the process of globalization is creating opportunities and challenges for management practice.

Understood how political systems of countries differ.

Understood how economic systems of countries differ.

Understood how legal systems of countries differ.

Explained implications for management practice of national differences in political economy.

Explained what determines the level of economic development of a nation.

Identified macropolitical and macroeconomic changes occurring worldwide.

Described how transition economies are moving toward market-based systems.

Explained implications for management practice of national differences in political economy.

Explained what is meant by the culture of a society.

Identified the forces that lead to differences in social culture.

Identified the business and economic implications of differences in culture.

Recognized how differences in social culture influence values in business.

Demonstrated an appreciation for the economic and business implications of cultural change.

Explored ethical, corporate social responsibility, and sustainability issues faced by international businesses.

Recognized ethical, corporate social responsibility, and/or sustainability dilemma.

Identified causes of unethical behavior by managers as they relate to business, corporate social responsibility, or sustainability.

Described different philosophical approaches to business ethics that apply globally.

Explained how managers can incorporate ethical considerations into their decision making.