MGT 610 - Global Management

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MGT 610 - Global Management

• Walter J. Ferrier, Ph.D.
• Office 455X
• Tel [phone]
• E-mail walter.ferrier_at_uky.edu
• On-line Syllabus Schedule
• www.uky.edu/wallyf

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Quick Lube in Europe?

• Is this a viable opportunity?
• What do we need to know to make decision?
• Would you invest?

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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

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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

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A Global Perspective
Top Management

• Functional Management
• Marketing
• Production
• RD
• Logistics
• Acct./Fin.

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Global Management Personality Grid
Uncertainty Tolerant
Uncertainty Avoidant
Business-management is an art or craft.
TMT
Business-management is a science.
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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

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Benefits of Adopting a Global Perspective?
Top Management
Dont let this be you
I dont get it.
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Learning Approach

• Business cases
• Textbook readings
• Class discussion
• Videos
• Guest speakers

• Mock Negotiation
• Case Reports
• Participation
• Lectures

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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
• Levis

• Nestles
• Lincoln Electric
• Nora-Sakari
• Tricon
• MontGras

www.uky.edu\wallyf
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Grading
Assignment Weight
Oral Case Reports (Group Individual) 40
Quiz 1 (Individual) 10
Quiz 2 (Individual) 10
FINS Pre-Game Written Report (Group) 10
FINS Post-Game Written Reports (Group) 15
Participation (Individual) 10
Peer Evaluation (Individual) 5
TOTAL 100
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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?

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Foreign Investment Negotiation Simulation
MNC1
MNC2
Local Firma
Local Firmb
GovernmentX
GovernmentY
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Participation
How . . .
When . . .

• 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

• Open a case
• Contribute to middle
• Linkage with text reading
• Summary, synthesis, resolution, or closure
• LISTSERV

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LISTSERV

• Administrative Communication
• Discussion of Course Material, Requirements, etc.
• Participationfaux chat room
• News Flashes
• Misc.
• Required
• MGT610-001_at_lsv.uky.edu
• MGT610-401_at_lsv.uky.edu

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Issue Exploration and Analysis

• Foreign buyout of KY-American 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
• McDonalds
• Sony

What intrigues YOU?
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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?

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See you on JAN 19

• Remember to check MGT 610 web site later this
  week
• www.uky.edu/wallyf