MGT 714 Global Management investigates the problems associated with international business. It also covers the managerial skills required to meet organizational needs as firms become engaged in global business activities. It introduces the cultural, social, political, legal, ethical, and economic environments in which international business is conducted, along with the impact on the firm's structure, organization, and management processes. The strategy of international business, trade theory, global marketing, global human resource management, and other topics are also discussed.
You’ll fully examine the various aspects of globalization and how America and American business are impacted. Upon completion of the course, you’ll understand the complexities and challenges facing multinational corporations (MNC) operating in the diverse world environment.
Coursework develops diagnostic and effective tools for exercising leadership and management responsibilities. Here are examples of some assignments you may complete as part of MGT 714 Global Management.
- Participate in weekly discussions addressing case studies on topics ranging from free trade to currency manipulation.
- Build strategic, ethical, and international skills through analysis and preparation of case studies and assignments.
- Create a business plan and video presentation that simulates the process of taking a U.S. domestic business into an international market.
Each week, the course extensively utilizes case studies of people, companies, and countries in actual situations. Your group discussions, coursework, and final project will align with the week’s theme as well as its primary objectives. All weekly course material is proposed and subject to change.
During the introduction week, you’ll begin to understand the complexities of operating a business in a global environment. You’ll learn to:
- Explain what determines the level of economic development of a nation.
- Explain the important implications that international trade theory holds for business practice.
- Demonstrate the three basic differences that firms contemplating foreign expansion must make.
- Outline the advantages and disadvantages of the different modes used to enter foreign markets.
- Evaluate the pros and cons of entering into strategic alliances.
In week two, you’ll focus on the advantages and disadvantages of government intervention, along with associated issues to effectively manage and direct global operations. You’ll learn to:
- Explain the policy instruments used by governments to influence international trade flows.
- Articulate the benefits of the global capital market and its recent, rapid growth.
- Explain the risks and benefits of the Eurocurrency and global bond and equity markets.
- Evaluate what is meant by organizational architecture.
- Define how an organization can be matched to strategy for performance improvement.
Throughout week three, you’ll discuss the differences in national political, economic, and legal systems, highlighting the ways in which managers in global settings should be sensitive to these nuances. You’ll learn to:
- Explain how the political, economic, social culture, and legal systems of countries differ.
- Demonstrate an appreciation for the economic and business implications of cultural change.
- Articulate the strategic role of human resource management in international business.
- Assess the pros and cons of different approaches to staffing policy in international business.
- Explain the reasons managers may or may not succeed in foreign postings.
During the midpoint week of the course, you’ll address two major issues — the development and use of global currency and the implications of global marketing strategy. You’ll learn to:
- Explain the functions and differences of various exchange rate systems.
- Evaluate the differences between transaction, translation, and economic exposure.
- Discuss the historical development of the modern global monetary system.
- Describe why and how a firm’s distribution, marketing, and pricing strategies vary among countries.
- Distinguish how the globalization of the world’s economy is affecting new product development.
As you progress to week five, you’ll discuss the pros and cons of globalization and the associated problems of management of labor and outsourcing. You’ll learn to:
- Explain the major challenges and opportunities in the debate over the impact of globalization.
- Understand the drivers, advantages, and disadvantages of foreign direct investment.
- Distinguish how country differences, technology, and product features all affect production locale.
- Define the factors that influence a firm’s decision to source supplies from within the company or from foreign suppliers.
- Assess what is required to efficiently coordinate a globally dispersed production system.
In week six, you’ll focus on the application of ethical principles, such as political systems, economic systems, legal systems and cultural values, to international business practices. You’ll learn to:
- Be familiar with the ethical issues faced by international businesses.
- Evaluate how and why performance appraisal and compensation systems vary across nations.
- Discuss the implications of the rise of international accounting standards.
- Describe how operating in different nations impacts investment decisions.
- Understand how money management in the international business can reduce costs.
Throughout this week, you’ll discuss the benefits of international organizations to member states and businesses. You will also read about two major activities — production and materials management and value creation. You’ll learn to:
- Explain the role of international organizations and free trade zones in economic growth.
- Explain the promises and risks of exporting, and outline ways to improve performance.
- Identify the sources and government programs that exist to help in export financing.
- Articulate how countertrade can be used to facilitate exporting.
- Discern why production and logistics are of central importance to many multinational businesses.
During the last week, you’ll focus on the revision and completion of the written business plan, taking into account your understanding of global business theory and issues, as well as any new feedback provided in response to your presentations — which prove you can:
- Write a global business plan that explains the advantages, market potential, and key company need fulfilled.
- Craft an executive summary that quickly and succinctly summarizes the main ideas of the plan.
- Summarize, crystalize, and deconstruct what has been learned from this course.