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?

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

Dont let
this be you

I
dont
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
Nestles
Volkswagen
Lincoln Electric
Booz-Allen
Nora-Sakari
Intel
Tricon
Levis
MontGras

www.uky.edu\~wallyf

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%

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.
Participationfaux chat room
News Flashes
Misc.

Required

MGT610-001@lsv.uky.edu
MGT610-401@lsv.uky.edu

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
McDonalds
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