Hossein Noorian Professor Department of Business Management College of Arts and Sciences Wentworth Institute of Technology Boston, Massachusetts 02115 noorianh@wit.edu (617) 989-4376 COF Fall 2015 Teaching and Learning Conference Simmons College Boston, Massachusetts Friday, November 13th 2015 “Faculty Can Create a Bridge of Understanding from Different Cultures of International Students; and Use Them to Better Educate the Field of International Business” Boston University Boston, MA Northeastern University Boston, MA Brandeis University Waltham, MA Clark University Worcester, MA Worcester Polytechnic Institute Worcester, MA University of Massachusetts—​Boston Boston, MA Harvard University Cambridge, MA Massachusetts Institute of Technology Cambridge, MA Tufts University Medford, MA Wentworth Institute of Technology Boston, MA 19% 19% 18% 14% 13% 12% 11% 10% 8% 8% Application of “Funny Map” Foreign students can share these issues in much more detail in class and give first hand information to the American students Knowing the culture is important for marketing purpose Sense of identity in international scene Self-pride 1. 2. 3. 4. 5. 6. 7. 8. The importance of many straits’ locations in Geo-Political Scène, and the roles that they play in the International Trade Widely used and discussed of the “Strait of Hormuz” which is located between Iran, Oman, and United Arab Emirates (UAE) Suez Channel—Its recent widening project which costs $4 billion Panama Channel—Its recent widening project which costs $8 billion Dardanelle Strait in Istanbul, Turkey; which connects the Black Sea to the Mediterranean Sea Bosporus Strait in Istanbul, Turkey which connects the Black Sea and Sea of Marmara. Bosporus also forms part of the boundary between Europe and Asia. The Bab-el-Mandeb or Mandeb Strait is a strait located between Yemen on the Arabian Peninsula, and Djibouti and Eritrea in the Horn of Africa. It connects the Red Sea to the Gulf of Aden. The recent site of the Saudi Arabia’s involvement in Yemen Gibraltar, is a British Overseas Territory on the south coast of Spain known for the Rock of Gibraltar, a 426m limestone ridge at its center. which connects Europe and Africa Tea cup in many of the Middle Eastern Countries Pepsi Can In Bahrain, Is Written As Bebsi In Arabic. The word “Bibsi” is the Arabic name of Pepsi. There is no letter “P” in the Arabic Alphabet. Fez, is the hat that some men in Morocco wear. Fez Hat • Bangladesh Sheik Mujibur Rahman the founder of Bangladesh who was assassinated in just 2 months after its independence in 1971. • Islamic Banking –Micro Finance • China- Ali-Baba Company (application of many issues in Financial Management can be applied here) • Republic of Congo Patrice Lumumba was the first prime minister of the Democratic Republic of Congo, calling for national unity and overall African independence. He was assassinated in 1961. He was to some African, the same symbol and status as Dr. Martin Luther King Jr. is in the U.S. • Germany - Why being economically strong, can cost you? Germany is considered the bank of Europe and has been asked to go deep in its pocket to financially rescue many ailing economies. 11 • Greece – The last 4 years of financial and political turmoil • Iceland The Recent Economic crisis in this country • India Its independence day is on August 15, while Pakistan’s independence day is on August 14 (1 day apart). Movie Sangam (1964) and the application of patriotism, love, friendship, and personal sacrifice for the sake of friendship. Currency devaluation in a short period of time. • Ireland Economic crisis of recent years and being able to offer skilled work force for substantially lower cost and be a magnet of many American Companies. 12 • Islamic Republic of Iran (IRI) Economic sanctions and most importantly the application of (SWIFT); Society For Worldwide Interbank Financial Telecommunication • Israel The appointment of Mr. Stanley Fisher, the former Governor of the “Central Bank of Israel” as Vice-Chair of the United States’ Federal Reserve Bank • Japan Japanese lack of entrance in large commercial aircraft market due to their revised constitution after WW2 • Kazakhstan President’s Hand 13 • Kosovo (formerly part of Yugoslavia) - After the conclusion of the Balkan War, reported to have a substantial underground proven oil reserve • Libya King Idris and his oil contract with the Occidental • Oil Company under Dr. Aramand Hammer. • Nigeria - Colonel Chukwuemeka Odumegwu ojukwu (The Southeastern Region’s Military Governor of Nigeria, know as the Republic of Biafra) in May 1967. • Saudi Arabia There has been a decline of the oil prices in recent months, and the media has recently reported that the kingdom has withdrawn $75 billion from its various overseas accounts in order to confront this year’s budget deficit. • Islamic Banking 14 • South Africa Apartheid and the United Nations’ Sanctions against South Africa’s Government; and the consequences for many companies as a result of it. 15 Vice President Hubert Humphrey Hubert Humphrey Scholarship Program From the State Department • Hubert H. Humphrey Fellowship Program • The Hubert H. Humphrey Fellowship Program brings 200 outstanding mid-career professionals from countries in states of development or transition to the United States to engage in nondegree study and related professional experiences at select American universities. Started in 1978, the program now has a network of over 4,200 alumni in 157 countries around the world. • See more at: http://eca.state.gov/fulbright/fulbrightprograms/program-summaries/humphreyprogram#sthash.QMRdpdtW.dpuf In November 1944, Senator William Fulbright was elected to the U.S. Senate and served there from 1945 through 1974, becoming one of the most influential and best-known members of the Senate. In 1949, Senator Fulbright became a member of the Senate Foreign Relations Committee. From 1959 to 1974 he served as chairman of the committee. - The Fulbright Program operates in over 160 countries worldwide. Approximately 8,000 grants are awarded annually. Since its inception in 1946 approximately 360,000 “Fulbrighters” have participated in the program. Fulbright alumni serve in leadership positions in government, academia, business, the arts, science, journalism, and other professional fields and are the recipients of 53 Nobel Prizes, 88 Pulitzer Prizes, 29 MacArthur Foundation Awards, and 16 U.S. Presidential Medals of Freedom.