Course Description
The major problems that confront managers who operate across international boundaries from a base in a single country or who maintain affiliates and subsidiaries in several national jurisdictions. Major emphasis is given to the problems involved in crossing national boundaries. Students will apply this knowledge through case studies evaluated by external judges.
Athena Title
International Strategic Mgmt
Equivalent Courses
Not open to students with credit in MGMT 5560, MGMT 5560E
Non-Traditional Format
Course includes a service-learning project during the semester that either employs skills or knowledge learned in the course or teaches new skills or knowledge related to course objectives. Student engagement in the service-learning component will be up to 25% of overall instruction time.
Prerequisite
MGMT 3000 or MGMT 3000H or MGMT 3000E
Semester Course Offered
Offered fall and spring
Grading System
A - F (Traditional)
Course Objectives
• To develop a global perspective with regard to the international business environment. • To develop an appreciation of how managers in large or small international firms are affected by key environmental factors such as culture and politics. • To gain an understanding of the differences and difficulties posed by international business opportunities and competition. • To discuss the most recent contemporary managerial issues faced by those in international business and to appreciate both the academic research and practical experience that has been developed on the topics. • To develop an understanding of what international strategic management means and the various entry options of doing business in the global sphere: trading, licensing, and equity investments. • To learn the latest theory and research with respect to international operations management, organizational structure, and managing human resources. • To develop insights into the topics of corporate social responsibility and business ethics as they pertain to conducting sound management practice in the global sphere. Students enrolled in this course will participate in one of two service-learning projects – either case or strategy competition – that provides hands-on experience with real-world implications of the course topics. In the case competition, groups of students will complete a detailed case study on an assigned company, in which they will apply strategic management principles to evidence presented in the case in order to make unique assessments. Students will present their analysis to fellow classmates and external judges (e.g., local business owners and experts), answer questions from the judges, and compete with other teams. The community-based strategy competition will allow students to apply strategic management principles while competing to raise the most funds for a local non-profit organization of their choice. Students will have discretion to select a particular community need, develop their own strategic fundraising approach, and will reflect on the experience afterward with the instructor.
Topical Outline
The following topics are covered in this course: - International manager and the firm - Cultural variables in global management - Management of political risk - Strategy formulation and implementation - Exporting and importing - Licensing and franchising - Strategic alliances and equity investments - Managing ethics and social responsibility