HADM 6641: International Business Strategy
Elective - 3 credit hours - Letter grade only
Offered Fall only
This course is not offered this semester - Spring 10
This course will provide theoretical and analytical framework for understanding various aspects of international business environment and its implications for corporate-level strategy. It will also derive some implications for the global operations in the hospitality industry. After reviewing the basic concepts of international business strategy and current globalization trends, the course focuses on the detailed analysis of the global business environment, including: assessment of economic and political risks; impacts of cultural differences, international trade and commercial policy, exchange rates exposure, regional integration, role of global institutions as well as issues related to protection of property and intellectual property rights. Afterwards, the course analyzes how firms decide about market entry, pros and cons of various modes of entry including foreign direct investment (FDI) and debates political economy issues of FDI. At the end, the students have the opportunity to practice the learnt topics in the in-class game, which simulates the negations between multinationals, local companies, and governments during firm global expansion.