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INMGT517-21C (NET)
Current Issues in International Management
30 Points
Staff
Convenor(s)
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Paresha Sinha
4948
MSB.4.31
paresha.sinha@waikato.ac.nz
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Paper Description
The first part of the course focuses on the nature of globalisation, suggesting ‘globalisation is contentious issue/phenomena. A brief review of the fundamental drivers of globalisation is followed by studying the key arguments put forth by ‘globalists’ explaining why globalisation is good. The benefits of globalisation are discussed with reference to the ‘visible improvements’ observed in the Chinese and Indian economies. The section also discusses the anti-globalists arguments. This section concludes by considering the implications of increasing international movements of labour for the migrant receiving economy.
The second part of the course considers the development of the global economy and the corresponding emphasis on the ‘global mindset’ that is presumed to be associated with effective management of organisations operating in the global economy. This section highlights the nature and limitations of the ‘domestic mindset’. It argues for the development of a global mindset explaining how it enables the manager to understand market segments and business functions on a global basis. The section discusses the cognitive capabilities required of senior managers in multi-national corporations underscoring the challenges of managing across cultural and national boundaries.
The third part of the course considers the impact of national culture on the strategic behaviour of the firms and its managers. First, it examines the importance of national culture in explaining patterns of relationship in multi-national teams and extends a social networks perspective to multinational teams and organisations. Next, in light of the increased focus on global co-operation, cultural tendencies in negotiations are accessed to examine how national culture affects negotiating style of managers.
The final section covers the ethical aspects of doing business across national boundaries with a focus on the responsibility of the multinationals in developing countries. First, it considers whether business ethics are ‘universal’ such that there are ethical norms commonly recognized in all countries. Next, it examines whether we can distinguish different approaches to ethical issues across nations and the extent to which cultural dimensions can predict social responsibility values of top management team members. Overall, the section concludes by highlighting the new pressures for principled behaviour on a global scale to evaluate the correlation between ethical standards and economic success of global firmsPaper Structure
Learning Outcomes
Students who successfully complete the paper should be able to:
Assessment
You are expected to link theory to practical ideas in all assignments. Critical view of both the practice and the ideas in the literature is expected of all year 5 assignments.
Assessment Components
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.
Required and Recommended Readings
Required Readings
Online Support
Workload
The estimated workload for this paper is
Reading papers and chapters, preparation of study notes to support assignments as being approximately 240 to 300 hours in total
Linkages to Other Papers
Restriction(s)
Restricted papers: INMG517, MINT517, STMG517.