Montclair State University

International Business Department

Overview

International Business crosses many disciplines and is a significant component of the interrelated world in which we all live. Drawing upon courses across the entire breadth of the Business curriculum, the IB program exposes students to the dynamics of the global economy while drawing special attention to international trade and development.

The curriculum for the IB Program equips students for a comprehensive understanding of international economics, foreign exchange, financial management, the import/export process and the special complexities of international retailing and marketing operations.

Mission Statement

The primary mission of the department of International Business is two-fold:

• To prepare its students to be highly competent, productively proficient and ethically responsible managers in the evolving global markets. They should be able to protect the coherence and cohesion of their organizations in the face of financial and market vicissitudes of the business world while operating effectively in diverse managerial and societal settings.
• To be a center for research, technical and economic information, consultation and education with a focus on international business. The Department aims to be an important resource for the process of economic development in the region or the state.

Goals

• To provide a learning path that equips students to embark on a life-long trajectory of learning. The path should include both cognitive/analytical/quantitative (a balanced fusion of specialist and generalist strands; focus on cross-functional integration, etc.) and non-cognitive (leadership and administrative skills, communication and negotiation skills, creativity, innovation, etc.) knowledge.
• To build a faculty that represents a well-balanced blend of teaching research, applied scholarship and real world experience.
• To attract a student body with demonstrated interest and empathy towards international business and who can benefit most from the strategically selected curriculum path and the faculty of the department.
• To seek a better articulation and interaction with the university as well as with the business/management community.

Objectives

• Initiate a strategic planning process involving a careful assessment of strengths, weaknesses, opportunities and threats facing the department, setting up priorities and making tough but explicit choices.
• To launch a continuous, on-going content and quality assessment process of the learning path, encompassing curriculum and instruction, to measure progress toward the attainment of strategically select choices.
• To develop a faculty hiring and faculty development plan that is supportive of the overall strategic plan of MSU and enhances the department's adaptability to the inevitable, though unpredictable, process of change.
• To prepare and implement, in cooperation with the university admissions office, a student recruitment and retention plan to assemble a student body whose intellectual attitudes, values and interests match closely with the strategically selected "niche" of the department.
• To undertake a well-coordinated effort to seek closer and more active involvement of the business management community in the formulation and implementation of the strategic plan.