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MGT 610 - Global Management Walter J. Ferrier, Ph. D. Office: 455 X Tel: 257 -9326 E-mail: walter. [email protected] edu On-line Syllabus & Schedule: www. uky. edu/~wallyf
Quick Lube in Europe? F Is this a viable opportunity? F What do we need to know to make decision? F Would you invest?
Global Management News F Kentucky Faucet-making Plant Moving Work To Mexico: 165 To Lose Jobs In Paintsville F Nike Pulls Le. Bron James “Kung Fu” Ad in China F Pfizer Is Getting Tougher With Firms That Supply Canadian Online Pharmacies With Prescription Drugs Re-exported To The U. S. F Senate Republicans Push Sri Lankan Tsunami Relief via Free Trade F Multi-fiber Arrangement (MFA) Expires Jan. 1, 2005; Bra Imports from China Exempted F EU to probe high cost of replacement printer cartridges made by U. S. printer maker Lexmark. F Foreign Auto Makers Aim to Boost U. S. Market Share
Course Content F Globalization? …why go international? F International environment: – Political, legal, cultural, technological, economic factors confronting firms F 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 F 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 F Textbook readings F Class discussion F Videos F Guest speakers F Mock Negotiation F Case Reports F Participation F Lectures F
Books and Readings F MBA Global Business Management MGT 610 – by Primis On-line e. Books (web ID forthcoming) F Foreign Investment Negotiation Simulation – (in bookstores ~4 weeks) F www. xanedu. com (web ID forthcoming) – Articles, readings – Harvard Business School (HBS) Case Packet: · Procter & Gamble · Nestles · Volkswagen · Lincoln Electric · Booz-Allen · Nora-Sakari · Intel · Tricon · Levi’s · Mont. Gras 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% 15% 10% 5% 100%
Case Studies – WHAT? u Issues and outlook: What is the problem? u What information is most relevant? – SO WHAT? u What does your analysis reveal? u How is the firm impacted? u What are the implications? – NOW WHAT? u What are the alternative solutions? u What are the salient decision criteria? u What is the best solution? u What is the plan for action and implementation? Timing? u What is overall impact and evaluation of the plan?
Foreign Investment Negotiation Simulation MNC 1 Local Firma Government. Y MNC 2 Local Firmb Government. X
Participation How. . . F F F F 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. . . F F F “Open” a case Contribute to middle Linkage with text reading Summary, synthesis, resolution, or closure LISTSERV
LISTSERV Administrative Communication F Discussion of Course Material, Requirements, etc. F Participation…faux chat room F News Flashes F Misc. F F Required – MGT 610 [email protected] uky. edu – MGT 610 [email protected] uky. edu
Issue Exploration and Analysis F F Foreign buyout of KYAmerican Water Co. High prices for drugs – Import from Canada – AIDS drug prices/availability in Africa F F F Bush immigration policy Weak Dollar vs. major currencies Global market share battles F Free Trade of the Americas &. NAFTA Exporting of U. S. manufacturing and service jobs Status of global brands: – Coca-Cola – Mc. Donald’s – Sony What intrigues YOU?
Issue Exploration and Analysis F Current Events Assignment for JAN 19: – Find article about some aspect of global management u Context of global management u What companies/industries are doing u Effects of global/international firm activities or government policies, etc. – Be prepared to discuss in class u What? u So What? u Now What?
See you on JAN 19 Remember to check MGT 610 web site later this week: www. uky. edu/~wallyf