Understand how successful businesses operate on a global scale.
Duration: 8 weeks
In MNGT 6206 The Global Environment of Business, you will look at how globalization and technology are moving people and knowledge across borders faster than ever. Companies now source capital where it is cheapest, manufacture in the most cost-effective locations, and sell where profits are the highest. You will learn how this results in product and service development that is divided among several countries. Through this foundation course, you’ll appreciate how this division leads to high-quality jobs worldwide while forging international collaboration. You’ll also see how it calls for cross-cultural understanding, knowledge of legal, political and ethical issues, and strong project management and tracking structures.
As you explore international trade and the policies that affect global business, you will understand how free trade between nations can raise the economic welfare of all participating countries. You will also explore and gain understanding as to why governments restrict imports and promote exports. By viewing the global trading system through the lens of the General Agreement on Tariffs and Trade and the World Trade Organization, you’ll grasp the implications of government intervention for international trade. You will gauge the benefits and costs of foreign direct investment and look at governmental policies favoring and opposing this practice. You will also dissect the levels of regional economic integration, including a free trade area, a customs union, a common market, an economic union, and a full political union.
What You Will Learn in MNGT 6206
You will examine the foreign exchange market, the international monetary system, and its implications for international business. This will include gaining an understanding of the International Monetary Fund and the World Bank. As you see how currency exchange rates are determined, you’ll be able to determine how the global monetary system impacts currency management and business strategy. Expanding into a foreign market can present great opportunity and you’ll analyze various strategies for competing globally, including the use of strategic alliances. You will also look at challenges that arise in foreign markets and in exporting, such as the need to customize products.
Working as part of a team, you’ll research, create, and present a Global Business Plan.
With an understanding of the key concepts of globalization, you will turn your attention to global operations management to learn how marketing, research and development, and human resources differ when performed on a global scale. These concepts will include decisions about location, just-in-time (JIT) manufacturing, information technology and “make-or-buy.” You will consider the role of the expatriate manager, working abroad in his or her firm’s subsidiaries, in staffing foreign facilities. These managers can face challenges such as their spouses’ inability to adjust to life overseas, or their own emotional maturity. You will consider ways to reduce expatriate failure, as well as how to conduct training and performance appraisals, and determine compensation in foreign subsidiaries.
Throughout this course, weekly topics may include but are not limited to:
- Culture and Ethics
- International Trade Theory and Policy
- FDI and Regional Integration
- Foreign Exchange and Monetary Systems
- Strategy for Entering Global Markets
- Global Production and Marketing and Future Trends
- Global Business Project
Course Learning Outcomes
Upon successful completion of MNGT 6206, you will be able to:
- Examine the impact that culture plays in global management.
- Analyze options available for entry into global markets, and the strengths and weaknesses of each.
- Identify the elements of the complex global business decision matrix.
- Assess various ethical business practices.
Request More Information Today
To learn more about the online Master of Business Administration curriculum from Benedictine University, including International Business, call (866) 295-3104 to speak with a program manager or request more information.
Course content and outcomes may vary and are subject to change without notice.