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MGT 610 - Global Management

MGT 610 - Global Management. Walter J. Ferrier, Ph.D. Office: 455X Tel: 257-9326 E-mail: walter.ferrier@uky.edu 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?.

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MGT 610 - Global Management

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  1. MGT 610 - Global Management Walter J. Ferrier, Ph.D. Office: 455X Tel: 257-9326 E-mail: walter.ferrier@uky.edu On-line Syllabus & Schedule: www.uky.edu/~wallyf

  2. Quick Lube in Europe? • Is this a viable opportunity? • What do we need to know to make decision? • Would you invest?

  3. 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

  4. 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

  5. A Global “Perspective” Top Management • Functional Management • Marketing • Production • R&D • Logistics • Acct./Fin.

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

  7. 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

  8. Benefits of Adopting a Global Perspective? Top Management Don’t let this be you I don’t get it.

  9. Business cases Textbook readings Class discussion Videos Guest speakers Mock Negotiation Case Reports Participation Lectures Learning Approach

  10. 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

  11. Grading

  12. 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?

  13. ForeignInvestment NegotiationSimulation MNC1 MNC2 Local Firma Local Firmb GovernmentY GovernmentX

  14. 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 Participation How . . . When . . .

  15. LISTSERV • Administrative Communication • Discussion of Course Material, Requirements, etc. • Participation…faux chat room • News Flashes • Misc. • Required • MGT610-001@lsv.uky.edu • MGT610-401@lsv.uky.edu

  16. 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 McDonald’s Sony Issue Exploration and Analysis What intrigues YOU?

  17. 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?

  18. See you on JAN 19 Remember to check MGT 610 web site later this week: www.uky.edu/~wallyf

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