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 Uncertainty
Avoidant 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

Don’t let
I
this be you don’t
get it.
 Learning Approach
 Business cases  Mock Negotiation
 Textbook readings  Case Reports
 Class discussion  Participation
 Videos  Lectures
 Guest speakers
 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
 Levi’s  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 MNC2

Local Firma Local Firmb

GovernmentY 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.
 Participation…faux chat room
 News Flashes
 Misc.

 Required
– MGT610-001@lsv.uky.edu
– MGT610-401@lsv.uky.edu
 Issue Exploration and Analysis
 Foreign buyout of KY-  Free Trade of the Americas &.
American Water Co. NAFTA
 High prices for drugs  Exporting of U.S.
– Import from Canada manufacturing and service jobs
– AIDS drug prices/availability  Status of global brands:
in Africa – Coca-Cola
 Bush immigration policy – McDonald’s
 Weak Dollar vs. major – Sony
currencies
 Global market share battles

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