University of Colorado Boulder

International Business Operations

Stephen R. Lawrence

Instructor: Stephen R. Lawrence

13,927 already enrolled

Included with Coursera Plus

Gain insight into a topic and learn the fundamentals.
4.8

(138 reviews)

Beginner level

Recommended experience

12 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
4.8

(138 reviews)

Beginner level

Recommended experience

12 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Comprehend the importance of global supply chains, sourcing, and operations management in the execution of global businesses.

  • Compare and select between logistics intermediaries available to assist with the movement of goods and services between nations and across borders.

  • Explain the need for foreign currency exchange and calculate foreign exchange transactions.

  • Evaluate foreign currency exchange risks in international transactions and identify means to mitigate those risks.

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

5 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Placeholder

Build your subject-matter expertise

This course is part of the International Business Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate
Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 5 modules in this course

In this module, we discuss global supply chains (GSCs) and global sourcing. International supply chains are all about moving goods, services, information, and resources around the world to facilitate global business. In many ways, supply chains are the implementation of international trade and globalization. In the first lesson, we define global supply chains, provide examples, develop important GSC strategies, and conclude by examining GSC operational details. In the second lesson, we survey global sourcing. We first tackle the critical make versus buy decision, then develop four international sourcing strategies, examine costing issues for global sourcing, and conclude with a program for international vendor selection.

What's included

10 videos4 readings1 assignment2 discussion prompts

This module explores two subsets of international supply chain management – global logistics and international transportation. Logistics management is responsible for the entire process of moving goods from point A to point B, which includes working with suppliers and vendors on schedules, creating import and export documentation, securing transportation services, and arranging for delivery to foreign destinations. Transportation management focuses on the means and methods of transportation, as well as the transfer of shipments from one mode of transportation to the next. Together, effective logistics and transportation management are crucial for the fast and efficient flow of goods and materials around the globe.

What's included

11 videos5 readings1 assignment1 discussion prompt

We change direction in this module from logistics and supply chains to foreign exchange. As we shall see, foreign exchange risk has a large financial impact on foreign operations, especially on supply chains. In the first lesson, we define money and currency, and then introduce details and examples of foreign currency transactions. In the second lesson we turn to foreign exchange risk, often abbreviated as "forex" exposure. We find that any business or organization that has international transactions is exposed to translation, transaction, and operating risk. With examples, we show that the downside outcomes of forex risk can be large. Anyone dealing with cross-border currency transactions needs to be aware of, and wary of, foreign exchange risk!

What's included

6 videos2 readings1 assignment

In the previous module, we defined three types of foreign exchange (forex) risk and presented examples of its potential financial impacts. You might ask, “OK, I get it, but what to do about it?” This week we answer that question with a discussion of forex hedging techniques. Hedging methods are generally tools used to reduce financial risk. In the case of forex risk, we will cover non-financial hedging methods such as cash flow netting, as well as financial hedging methods including forwards, swaps, futures, and options. In the second lecture we will review the amazing global financial markets where foreign exchange and forex hedging transactions occur.

What's included

6 videos4 readings1 assignment

What's included

1 assignment

Instructor

Instructor ratings
4.7 (41 ratings)
Stephen R. Lawrence
University of Colorado Boulder
7 Courses54,300 learners

Offered by

Recommended if you're interested in Business Essentials

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

4.8

138 reviews

  • 5 stars

    83.45%

  • 4 stars

    15.10%

  • 3 stars

    0.71%

  • 2 stars

    0%

  • 1 star

    0.71%

Showing 3 of 138

BG
5

Reviewed on Nov 26, 2022

HA
5

Reviewed on Aug 21, 2021

PD
4

Reviewed on Sep 25, 2022

New to Business Essentials? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions