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IMAN 601 Strategic Management in a Global Environment (3)
A foundational study that establishes a framework for analyzing the competitive structure of industries, ascertaining the direction of industry change, analyzing country environments, and formulating strategy within an international context. Theories of competition and competitive strategy are examined, as well as methodologies for formulating strategy relevant to major commercial environments. Organizational and functional issues are discussed, including transnational company structures, the role of marketing, finance, trade, technology innovation, and the public-private interface in the formulation of firm strategy.
IMAN 615 Strategic Investment and Partnering (3)
In-depth treatment of the more complex business strategies and transactions for conducting and expanding transnational business operations. Case-intensive analysis is employed to gain insight into formulating strategy, negotiating, selecting partners, and structuring and managing business transactions over a range of market-entry vehicles, including outsourcing, distributorship, greenfield investment and acquisitions, technology transfer and licensing, franchising, joint ventures, and various types of strategic alliances between companies based in different countries.
IMAN 625 International Trade and Economic Policy (3)
An examination of the theory and conduct of international trade by transnational enterprises. The international trading system has been a key lever over the past half century in stimulating world economic development. In addition to trade theory, this study explores how national trade policies affect the trading system and addresses the knowledge and skills needed by enterprises of all sizes to function effectively within trading rules. The evolution of the Bretton Woods system, the General Agreement on Tariffs and Trade (GATT), and the World Trade Organization (WTO), and the effects of these changes on national policy and international business are covered. The effects of various multilateral and regional trade agreements, national systems of trade laws and remedies are analyzed in addition to forms of trade and the types of documentation they require.
IMAN 635 Managing Country Risk (3)
An overview of the tools needed to analyze the economic, political, and cultural risks of doing business in various types of country environments and to develop strategies for thriving in the midst of social change. Countries everywhere are seeking to attract foreign investment and, to the extent necessary, to accommodate the forces of globalization. At the same time, enterprise managers are seeking to benefit from globally expanding markets, but are faced with country-specific regulatory regimes, economic systems, cultural patterns, and physical and social infrastructures that often constrain their business agendas. Topics covered include stakeholder analysis, varying rules of market competition and intellectual property protection, ethical conflicts, corporate social responsibility, and the conduct of government relations.
IMAN 670 Managing Overseas Operations (3) (Formerly IMAN 650)
(Prerequisite: Completion of at least 30 credit hours, including all core courses). An examination of a wide range of management problems facing both large and midsized enterprises as they introduce their products and services overseas. The development of a full-scale business plan for entering a foreign market enhances skills for integrating entry strategy with strategy implementation, designing business functions, solving staffing and control issues, and developing a supportive financial plan and organizational structure.