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? F Is this a viable opportunity? F What do we need to know to make decision? F Would you invest?

3. Global Management News F Kentucky Faucet-making Plant Moving Work To Mexico: 165 To Lose Jobs In Paintsville F Nike Pulls LeBron James “Kung Fu” Ad in China F Pfizer Is Getting Tougher With Firms That Supply Canadian Online Pharmacies With Prescription Drugs Re-exported To The U.S. F Senate Republicans Push Sri Lankan Tsunami Relief via Free Trade F Multi-fiber Arrangement (MFA) Expires Jan. 1, 2005; Bra Imports from China Exempted F EU to probe high cost of replacement printer cartridges made by U.S. printer maker Lexmark. F Foreign Auto Makers Aim to Boost U.S. Market Share

4. Course Content F Globalization? …why go international? F International environment: –Political, legal, cultural, technological, economic factors confronting firms F 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. Uncertainty Tolerant Business-management is an “art” or “craft”. Business-management is a “science”. Uncertainty Avoidant Global Management Personality Grid TMT

7. Managing Expectations F 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. Learning Approach F Business cases F Textbook readings F Class discussion F Videos F Guest speakers F Mock Negotiation F Case Reports F Participation F Lectures

10. Books and Readings F MBA Global Business Management MGT 610 –by Primis On-line eBooks (web ID forthcoming) F Foreign Investment Negotiation Simulation –(in bookstores ~4 weeks) F www.xanedu.com F 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 AssignmentWeight 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% TOTAL100%

12. Case Studies –WHAT? u Issues and outlook: What is the problem? u What information is most relevant? –SO WHAT? u What does your analysis reveal? u How is the firm impacted? u What are the implications? –NOW WHAT? u What are the alternative solutions? u What are the salient decision criteria? u What is the best solution? u What is the plan for action and implementation? Timing? u What is overall impact and evaluation of the plan?

13. FINS F oreign I nvestment N egotiation S imulation MNC 1 Local Firm a Government X MNC 2 Local Firm b Government Y

14. Participation How... F Identification of key issues F Significant analysis F Logical synthesis of discussion points F Identification of new alternatives F Suggestion of plan of action F Identification of key assumptions F Meaningful summary When... F “Open” a case F Contribute to middle F Linkage with text reading F Summary, synthesis, resolution, or closure F LISTSERV

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

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

17. Issue Exploration and Analysis F Current Events Assignment for JAN 19: –Find article about some aspect of global management u Context of global management u What companies/industries are doing u Effects of global/international firm activities or government policies, etc. –Be prepared to discuss in class u What? u So What? u Now What?

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