Discussion—Course Reflection

Course Code:

B7440

Course Name:

Managing Global Challenges

Course Description:

This course provides an in-depth review of research and practice relevant to rapidly evolving global challenges faced by businesses. Students assess domestic and international social, political, and economic landscapes, as well as the impact of technology on the global business environment. The effect of differing values and cultures is evaluated in cross-cultural communication and business operations. Students identify trends in globalization and recommend decision-making strategies to turn global business challenges into opportunities while taking into account the needs of diverse stakeholders, ensuring ethical and responsible strategies are developed. Relevant research results are used to approach global business leadership, collaboration, and workforce development, in the context of socially responsible multinational corporations.

Course Prerequisites:

Course Length:

7.5 Modules

Credit Value:

3.0 A quarter credit hour is an amount of work represented in intended learning outcomes and verified by evidence of student achievement that is an institutionally established equivalency that resonably approximates not less than:

1. One hour of classroom or direct faculty instruction and a mininum of two hours of out-of-class student work each week for 10-12 weeks, or the equivalent amount of work over a different amount of time; or

2. At least an equivalent amount work as required in paragraph(1) of this definition for other academic activities as established by the institution included laboratory work, internships, practica, studio work, and other academic work leading to the award of credit hours.

Contact Hours:

45 hours

Material Requirements:

None

Textbooks:

Technology:

Course Competencies:

Upon successful completion of this course, the student should be able to:

· Analyze political and economic characteristics and trends in different countries.

· Compare cultural dimensions and societal trends in the world.

· Distinguish between different business practices and multicultural collaboration in domestic and global companies.

· Analyze international governmental and non-governmental organizations and evaluate their role in the global economy.

Topical Outline:

Module 1

· Course Overview

· Module 1 Overview

· Societal Trends in the World

· Demographic challenges

· Changes in the social structure and globalization

· Module 1 Assignments

· Discussion—Autobiography and Information Sharing

· Discussion—Planet, People, Profit: Global Perspective

· Working Ahead on Major Assignments

Module 2

· Module 2 Overview

· Best Practices in Global Settings

· Difference between domestic and global settings

· Business practices in Asia

· Business practices in Europe

· Business practices in South America

· Business practices in Africa

· Module 2 Assignments

· Discussion—Culture in Business

· Operating Globally

Module 3

· Module 3 Overview

· Political Challenges and Globalization

· Political structure in different countries in Asia

· Political structure in different countries in Africa

· Political structure in different countries in South America

· Political structure in different countries Europe

· Political system and globalization

· Module 3 Assignments

· Discussion—Addressing Political Issues in Business

· Working Ahead on Major Assignments

Module 4

· Module 4 Overview

· Culture and Globalization

· Cultural dimensions and cultural mapping

· Cultural characteristic of Asian nations

· Cultural characteristics of European nations

· Cultural characteristics of South American nations

· Cultural characteristics of African nations

· Module 4 Assignments

· Discussion—Cultural Intelligence and Business

· Required Assignment: Literature Review: Cultural Theoretical Approaches and CSR

Module 5

· Module 5 Overview

· Economic Challenges and Globalization

· Free trade versus fair trade

· Income distribution and globalization

· Protectionism and globalization

· Module 5 Assignments

· Discussion—Protectionism or Free Trade?

· Risk Analysis

Module 6

· Module 6 Overview

· Multicultural Communication and Conducting Business Globally

· Negotiations in global business

· Cross cultural communication and management

· Module 6 Assignments

· Discussion—Potential Research Topics

· Cross-cultural Communication

Module 7

· Module 7 Overview

· Financial Crisis and Lessons Learned

· The Reframing Process

· Strategies for Improving Organizations

· Module 7 Assignments

· Discussion—Global Stock Market and Exchange Rate Fluctuations

· LASA: Applying Cultural Theoretical Approaches

Module 8

· Module 8 Overview

· Reflection

· Module 8 Assignments

· Discussion—Course Reflection