Transcript MGT 610 - Global Management Walter J. Ferrier, Ph.D. Office: 455X Tel: 257-9326 E-mail: [email protected] On-line Syllabus & Schedule: www.uky.edu/~wallyf.

MGT 610 - Global Management
Walter J. Ferrier, Ph.D.
Office: 455X
Tel: 257-9326
E-mail: [email protected]
On-line Syllabus & Schedule:
www.uky.edu/~wallyf
Quick Lube in Europe?
 Is
this a viable opportunity?
 What do we need to know to make decision?
 Would you invest?
Global Management News

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
Course Content
 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
A Global “Perspective”
Top Management
Functional Management
• Marketing
• Production
• R&D
• Logistics
• Acct./Fin.
Global Management
Personality Grid
Uncertainty
Avoidant
Uncertainty
Tolerant
Business-management
is an “art” or “craft”.
TMT
Business-management
is a “science”.
Managing Expectations
 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
Benefits of Adopting a Global Perspective?
Top Management
Don’t let
this be you
I
don’t
get it.
Learning Approach
Business cases
 Textbook readings
 Class discussion
 Videos
 Guest speakers

Mock Negotiation
 Case Reports
 Participation
 Lectures

Books and Readings

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
www.uky.edu\~wallyf
Grading
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%
Case Studies
– 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?
Foreign Investment Negotiation Simulation
MNC1
Local Firma
GovernmentY
MNC2
Local Firmb
GovernmentX
Participation
How . . .







Identification of key issues
Significant analysis
Logical synthesis of
discussion points
Identification of new
alternatives
Suggestion of plan of
action
Identification of key
assumptions
Meaningful summary
When . . .





“Open” a case
Contribute to middle
Linkage with text
reading
Summary, synthesis,
resolution, or closure
LISTSERV
LISTSERV
Administrative Communication
 Discussion of Course Material, Requirements, etc.
 Participation…faux chat room
 News Flashes
 Misc.


Required
– [email protected]
– [email protected]
Issue Exploration and Analysis


Foreign buyout of KYAmerican 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
What intrigues YOU?
Issue Exploration and Analysis
 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?
See you on JAN 19
Remember to check MGT 610 web
site later this week:
www.uky.edu/~wallyf