BUINB 567 - International Management
A significant number of organizations now perform an increasing proportion of their business activities outside their home countries. This, coupled with the growing interdependence of economic and political systems and the increase in international competitive interactions, has generated the need to view the international environment of business and Management from an international, intra-national and global, perspective.
Operating in a global, rather than a domestic environment, creates for each organization a new and significantly more complex set of challenges. When an organization expands across national boundaries it often faces conflicting patterns of demands and expectations. Consumer preferences are more diverse. Financial management is significantly more complex due to fluctuations in exchange rates. Governmental policies and regulations cease to be relatively consistent predictable. Union demands and human resources management strategies may vary from national context to national context. Organizational structures tend to become more complex due to geographical diversity, distance, time, language and culture. And then there are the inherent difficulties of operating in countries with different legal ideological, cultural and economic systems.
Moving beyond national boundaries requires the development and implementation of a global strategy to achieve competitive costs, market penetration and effective resource allocation.
The course focuses upon management strategies as opposed to enterprise functions (Finance, Marketing, Accounting, Management Information Systems, etc.). Emphasis will be on management functions (organizing, controlling, and decision-making process) as perceived and implemented within multinational corporations, which are significantly different from those prevalent in purely domestic organizations.
We will view "international management" as something different than "international business." We will not, for example, be covering international finance or cross-border marketing. That said, we will examine important trends impacting international business as well as the major and developing players in the international economy. In covering these topics, this course will:
• evaluate theories, concepts, and cutting-edge developments in the field of international management environments.
• analyze how those theories, concepts, and developments can be used to help diagnose and solve problems in international management.
• Increase your awareness of the challenges associated with international management in particular countries and regions.
• Increase your self-awareness, especially about your own cultural values and perspectives as they relate to international business environment.