MBA 541 Global Political Economy

In this course, students integrate their knowledge of the functional areas of business and management into a globally oriented view of the organization. Students learn a range of concepts, methods, tools, and techniques to evaluate the external global environment, analyze an organization’s internal functions, identify opportunities for future growth in global markets, and devise effective strategies and plans to ensure business success beyond local boundaries. Students engage with real-world cases and scenarios to gain practical insight into the dynamics of international business in parallel with key challenges, success factors, and decision-making within a global context. Students collaborate to create a research-informed plan for global expansion of an existing product or service, and for researching a new foreign business opportunity. Emphasis is placed on globalization, and how national differences in political, economic, legal, and cultural systems implicate strategy, structure, and operations of global business, exporting and importing, entering developed and emerging markets, corporate social responsibility (CSR), sustainability, and global production, supply chain, marketing, business analytics, accounting, finance, and human resources.

Credits

3

Outcomes

1. This course will prepare students to:
2. Apply global business concepts, models, and frameworks and their cross-functional integration.
3. Research and analyze business opportunities in varied foreign markets, considering relevant political, cultural, and economic factors.
4. Construct a detailed implementation plan for the expansion of products or services into a foreign market.
5. Devise market penetration strategies and select a supportive global company structure.
6. Synthesize best practices and strategies that enable global businesses or entrepreneurs to gain from significant market shocks and chaos.