Walter J. Ferrier, Ph.D.
Office: 455X
Tel: 257-9326
E-mail: walter.ferrier@uky.edu
On-line Syllabus & Schedule: www.uky.edu/~wallyf

 Is this a viable opportunity?
 What do we need to know to make decision?
 Would you invest?

 Kentucky Faucet-making Plant Moving Work To Mexico: 165 To
Lose Jobs In Paintsville

Nike Pulls LeBron James “Kung Fu” Ad in China
 Pfizer Is Getting Tougher With Firms That Supply Canadian
Online Pharmacies With Prescription Drugs Re-exported To The
U.S.
 Senate Republicans Push Sri Lankan Tsunami Relief via Free
Trade
 Multi-fiber Arrangement (MFA) Expires Jan. 1, 2005; Bra
Imports from China Exempted
 EU to probe high cost of replacement printer cartridges made by
U.S. printer maker Lexmark.
 Foreign Auto Makers Aim to Boost U.S. Market Share


Globalization? …why go international?
 International environment:
– Political, legal, cultural, technological, economic factors confronting firms
 Strategic management of the multinational firm
– Entry modes
– International strategy
– International operations
– Structure, control, and integration of overseas units
– Management of international joint ventures

Top Management
Functional Management
• Marketing
• Production
• R&D
• Logistics
• Acct./Fin.

Uncertainty
Avoidant
Uncertainty
Tolerant
Business-management is an “ art
” or “ craft
”.
TMT
Business-management is a “ science
”.

 What you will get from this course:
– Understand the context of the ‘global economy’
– How to manage information and knowledge
– Useful frameworks/heuristics for decision making
– Ability to integrate
– Ability to anticipate and react
– “Big picture” perspective

Top Management
Don’t let this be you
I don’t get it.

 Business cases
 Textbook readings
 Class discussion
 Videos
 Guest speakers
 Mock Negotiation
 Case Reports
 Participation
 Lectures

 MBA Global Business Management MGT 610
– by Primis On-line eBooks
(web ID forthcoming)
 Foreign Investment Negotiation Simulation
– (in bookstores ~4 weeks)
 www.xanedu.com
(web ID forthcoming)
– Articles, readings
– Harvard Business School (HBS) Case Packet:

Procter & Gamble

Volkswagen

Booz-Allen

Intel
 Levi’s

Nestles

Lincoln Electric

Nora-Sakari

Tricon

MontGras

Assignment
Oral Case Reports
(Group & Individual)
Quiz 1
(Individual)
Quiz 2
(Individual)
FINS Pre-Game Written Report
(Group)
FINS Post-Game Written Reports
(Group)
Participation
(Individual)
Peer Evaluation
(Individual)
TOTAL
Weight
40%
10%
10%
10%
15%
10%
5%
100%

– WHAT?
 Issues and outlook: What is the problem?
 What information is most relevant?
–
SO WHAT?
 What does your analysis reveal?
 How is the firm impacted?
 What are the implications?
–
NOW WHAT?
 What are the alternative solutions?
 What are the salient decision criteria?
 What is the best solution?
 What is the plan for action and implementation? Timing?
 What is overall impact and evaluation of the plan?

F oreign
I nvestment
N egotiation
S imulation
1
2
a
b
Y
X

How . . .
 Identification of key issues
When . . .

“Open” a case
 Significant analysis
 Logical synthesis of discussion points
 Identification of new alternatives
 Suggestion of plan of action
 Identification of key assumptions
 Meaningful summary
 Contribute to middle
 Linkage with text reading
 Summary, synthesis, resolution, or closure
 LISTSERV

 Administrative Communication


Discussion of Course Material, Requirements, etc.
Participation…faux chat room
 News Flashes
 Misc.
 Required
– MGT610-001@lsv.uky.edu
–
MGT610-401@lsv.uky.edu

 Foreign buyout of KY-
American Water Co.
 High prices for drugs
– Import from Canada
– AIDS drug prices/availability in
Africa
 Bush immigration policy
 Weak Dollar vs. major currencies
 Global market share battles
 Free Trade of the Americas &.
NAFTA
 Exporting of U.S. manufacturing and service jobs
 Status of global brands:
– Coca-Cola
– McDonald’s
– Sony

 Current Events Assignment for JAN 19 :
– Find article about some aspect of global management
 Context of global management
 What companies/industries are doing
 Effects of global/international firm activities or government policies, etc.
– Be prepared to discuss in class
 What?
 So What?
 Now What?

Remember to check MGT 610 web site later this week: www.uky.edu/~wallyf