This course focuses on the challenges and opportunities associated with organizational management and business strategy in the global environment. Topics covered include globalization, the international environment, ethics and social responsibility, the meanings and dimensions of culture, stakeholders and decision-making, organizational culture and diversity, cross-cultural communication and negotiation, strategy formulation and implementation, entry strategies and organizational structures, managing political risk, government relations, and alliances, management decision and control, and human resource across cultures. This class is aimed at anyone who wants to understand the people, culture, geography, and politics of international business.
The International Management course is intended to be a challenging advanced management course for undergraduate and graduate students. Students will gain a general overview of the process and effect of internationalization in contemporary business, along with an introduction to theories, concepts and skills relevant to managing effectively in today窶冱 global environment. Students will be challenged to integrate knowledge they have gained from other courses and apply their accumulated knowledge to business case studies. Students will engage in analytical problem-solving related to managing in the international environment and will frequently be called upon to brief their findings to the class.
The course primarily uses a combination of lecture, class discussion, case analysis, group and individual assignments.
1 Globalization and International Linkages
2 The Environment of Global Business and International Trade
3 Social Responsibility and Political Risk
4 Case-Study session 1
5 The Dimensions of Culture and Cross-Cultural Communication
6 Case-Study Session 2
7 Strategy Formulation and Implementation
8 Entry Strategies and Foreign Direct Investment
9 Case-Study Session 3
10 Staffing, Training, and Compensation for Global Operations
11 Case-Study Session 4
12 Group Project Presentations
13 Group Project Presentations
14 Final Exam
Recommended text books (not required)
Steers, R.M., Sanchez-Runde, R.J., and Nardon, L. (2010). Management across Cultures: Challenges and Strategies. Cambridge University Press.
Deresky, H. (2014). International Management: Managing Across Borders and Cultures, Text and Cases, 8/E. Prentice Hall.
Participation (20%). All students are expected to participate actively in class discussion. This includes evidence of thorough prior preparation of course materials, engaging in exercises, etc. Attendance at all session is required except in previously arranged cases/emergencies.
Group Case Report and Presentation (20%). In groups of 2-4, you will present the issues, options, and recommendations of the case you have been assigned. The report should be 3 pages long maximum and the presentation should be 15-20 minutes maximum.
Project (Group). Foreign Entry Strategy (30%). Your group will prepare a report, including recommendations, for an actual company窶冱 overall entry strategy into a foreign market. Your strategy should include attention to the social, political, cultural, and economic environment of the country you propose entering, the entry and organizational strategies the company should advance, including potential alliances with local firms, and a discussion of the ethical, negotiation, leadership, and management challenges associated with your recommendation. This analysis should integrate the readings and cases for the course in the context of the actions of a specific firm. This analysis will be approximately 4-6 single-spaced pages (with complete references). You will summarize your findings in a short 25 minute (+ 15 min. Q&A) presentation during the final weeks of the course.
Final Exam (30%). We will have a final exam that will cover all elements of the course, including the concepts, cases, exercises, and discussion.