BUS 4426

Description

A study of the challenges that confront the managers of organizations and individuals in global settings. Special focus on benefits from diversity that exists across international cultures, markets, economics, governments and organizations. A general overview of the process and effect of internationalization in contemporary business.

Objectives

  1. Discuss the drivers and consequences of glottalization, its impact on specific regions, and the emerging concerns about its influences on countries around the world.
  2. Compare and contrast different political, legal, and economic systems and technological forces and their impact on international management.
  3. Describe the need for ethics and social responsibility in international management, and the growing pressures on organizations to act in an ethically and socially responsible manner in their global business operations.
  4. Apply the concept of "national culture" using the typologies of Hofstede and Trompenaars.
  5. Interpret how the culture of one group of people can be distinguished from that of another and the implications of theses differences for international management.
  6. Explain the challenges of managing across cultures.
  7. Analyze the relationship between national culture and organizational culture, integrate those concepts within the context of international management decision-making, and appreciate the challenges of diversity in the modern work environment.
  8. Analyze the most important elements of effective cross-cultural negotiation and communication.
  9. Examine the basic elements of international strategic management, including the pressures and cost/benefits of strategies that emphasize global integration versus local adaptation.
  10. Compare and contrast the modes of entry and the basic choices for tailoring organizations involved in international business and describe the conditions under which specific entry modes and organizational structure and most effective.
  11. Assess political risk and how international organizations apply those methods as they attempt to manage the level of political risk in developed and developing countries, appreciate the broader efforts organizations make to manage their relations with host governments, and discuss the various options for managing alliances and joint ventures, especially those in which host governments are involved.

PreRequisites

None

Textbook(s)

None

* Disclaimer: Textbooks listed are based on the last open revision of the course. Prior revisions and future revisions may use different textbooks. To verify textbook information, view the course syllabus or contact Student Services at students@waldorf.edu