THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO Joseph M. Bryan School of Business and Economics Department of Business Administration MBA 616-51 – Managing in a Global Environment Course Syllabus - Spring 2006 (Module I) (Jan 9 ~ Mar 2) Mr. Ron Abernathy Office: 349 Bryan School Phone: 334.3093 E-mail: rraberna@uncg.edu Office Hours: By appointment Logistic Info: Mondays/Wednesdays, 3:30 PM - 4:45 PM Prerequisites: MBA 604, 605, 606, 607 Co-requisite MBA 613 Required Text: Helen Deresky, International Management: Managing Across Borders and Cultures, 5th Edition, Prentice Hall, 2006. Course Description : Examines the environmental, cultural, political, legal and operational challenges facing managers in doing business across international borders. 1 Course Objectives: Upon completion of this course, students will be able to: Describe the structure of the global economy and the perspective of the various “players” in that economy. Indicate the cultural factors that should be taken into account in the determination of management styles and HRM policies. Discuss the legal and technological environmental factors that create opportunities or barriers for multinational companies (SWOT/PEST). Describe the public policy and political factors that can affect the risks of entering and operating in a foreign country. Identify the key ethical and environmental issues that are typically connected with international business. Discuss the pros and cons of various methods for entering national markets. Describe the foreign exchange markets and indicate how multinational firms can handle exchange-rate risk. Course Philosophy: The ongoing globalization of industries and the deepening interdependence of national economies will continue to have a strong influence on the fortunes of nations, industries, firms, and individuals. As part of these ongoing changes, competitive opportunities and threats have increasingly come from outside of one's home country. As well, it has become routine for managers at all levels, worldwide, to need to find ways to work with people from diverse cultural backgrounds. These changes place new and more challenging requirements on present and future managers. For example, it is becoming more important for managers to have a basic understanding of the structure of the global economy in which they operate, not just of their country of origin. Also, with the greater freedom firms now have to sell, invest, and operate around the globe comes the need to understand how to assess the stability and growth prospects of individual nations and their markets. In short, knowledge about how nations, firms, and individuals can address the issues raised by globalization have arguably become part of the "essential equipment" every manager cannot 2 afford to be without. Knowledge about how to conduct business with people from numerous cultural backgrounds is just as vital. Course Learning Objectives: 1. Define global management and discuss how it differs from domestic norms. 2. Define and discuss key terms and concepts related to international management. 3. Acquire a basic understanding of the structure of the global economy and the perspectives of various actors in the global economy thru case studies.. 4. Make well-reasoned suggestions about how to address many of the challenges and opportunities likely to within in international business setting. For example students would be expected to knowledgeably discuss the pros and cons of particular ways of entering national markets, of managing foreign exchange risk, and of selecting members for cross- cultural teams. Other issues students will be expected to learn about are outlined in this syllabus and will be addressed as the course progresses. 5. Knowledgeably discuss some of the key public policy, ethical and environmental issues that are typically connected to international business. 6. Students should be able to discuss the challenges that third world countries have in participating in world trade, and the different perspectives that exist with regard to intellectual property rights and the third world, management therein.. Other Study Resources: In addition to the textbook, a variety of other sources will be used throughout the semester. I will also use Blackboard to communicate various requirements. Evaluation Methods and Teaching Strategy: Course will be taught using lectures, discussions, case analysis and there will be a paper due at the end of the module. This course will be letter graded and the student’s final grade will be based on: Case write-ups 20% * Exams 40% Module Project Paper 25% * Participation 15% 3 The final grading scale is as follows: Letter Grade Numerical Score A AB+ B BC+ 92-100 90-91.9 88-89.9 82-87.9 80-81.9 78-79.9 Letter Grade C CD+ D DF Numerical Score 72-77.9 70-71.9 68-69.9 62-67.9 60-61.9 < 60 MODULE PROJECT PAPER: This will be addressed separately. CURRENT EVENTS During the first class countries and product sectors will be assigned. Sectors and assigned countries will be equally balanced so that current event searches will be invigorating. Each individual will be responsible for one current event article each week and will follow the same sector for the duration of the module. There will also be periodic team assessments. Sources for articles should include (but not be limited to): “The Economist” “Harvard Business Review” “Wall Street Journal” “The Financial Times” “Business Week” UNCG Library Database Specific Sector Journals Dailies Articles are not to be more than one week old and must focus on a global management event for the week. Each team will have full participation in presenting the articles to the class. Your report should cover the subject, how this article relates to class, and your reaction as to specific positive/negative management traits displayed. This will be discussed the first session. 4 Significant Policies: Attendance: Students are expected to attend sessions. A student should contact the instructor where work needs and/or health problems make attendance impossible. “Get Out of Jail Free” Cards: Rather than try to judge the veracity of every reason for any student’s absence, I will give each of you one (and only one) of these cards. If and when you choose to cash it in, your absence is excused. Inclement Weather: In case of inclement weather, this class will follow University guidelines. Academic Honor Code: Each student is required to sign the Academic Integrity Policy on all work submitted for this course. Additional Requirements: Students are expected to be prepared for class and participate in discussions. CLASS SCHEDULE__(THIS IS A ROADMAP AND IS SUBJECT TO CHANGE): Date Topic/Assignment Part I: The Global Manager’s Environment Jan 9 Introduction / Chapter 1 – Assessing The Environment ► Country/Sector Assignments Case : Footwear International Jan 11 Chapter 2 – Managing Interdependence ►Social Responsibility and Ethics ►Ethics in Global Management Case: Reebok … Jan 16 NO CLASS – MLK, JR DAY (MAKE-UP DAY – JAN 21) Part II: The Cultural Context of Global Management Jan 18 Chapter 3 – Understanding the Role of Culture ►Culture and Management Styles Around the World Case Study: Trouble at Computex 5 *Jan 21 Further Examination of Global Cultures *This is make-up day for Jan 16 and will be at regular time. Jan 23 Chapter 4 - Communicating Across Cultures ►Managing Cross-Cultural Communications Case Study: Dell’s Dilemma in Brazil Jan 25 Chapter 5 – Cross-Cultural Negotiations ►Negotiations and Transactions Case Study: Guanxi in Jeopardy Jan 30 The Art of Negotiation ►Simulations “Prep” for mid term Feb 1 MID TERM Part III: Formulating and implementing Strategy for Global Operations Feb 6 Chapter 6 – Formulating Strategy ►Reasons for going international ►Steps for developing strategy Case: FedEx vs. UPS Feb 8 Chapter 7 – Global Alliances and Strategy Implementation ►Motivations and Benefits ►”Wally” World Case Study: Pepsi into India Feb 13 Chapter 8 – Organization Structure ►Organizing for Globalization Case Study: DaimlerChrysler AG in 2004 6 “WHY” AN MNC NEEDS TO ‘BE GLOBAL AND ACT LOCAL’ Part IV: Global HRM Feb 15 Feb 20 Chapter 9 – Staffing/Training for Global Operations ►Expats vs. LNs Case Study: A First-Time Expat’s Experience … Chapter 10 – Developing a Global Management Cadre ►Global Management Teams ► Local Labor Relations Case Study: West Indies Yacht Club Resort Feb 22 Chapter 11 – Motivating and Leading ►Global Leader’s Role ►Contingency Leadership Case Study: Sir Richard Branson Feb 27 Looking at the Future/Recap First Half of Presentations Mar 1 Last Half of Presentations 7