Isp 2015 Syllabus

7/23/2019 Isp 2015 Syllabus

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NEW YORK UNIVERSITY

Stern School of Business Undergraduate Division

International Study Program (Spring 2015)

COURSE DESCRIPTION

The International Study Program (ISP) course is the supplement to the Economics of

Global Business (EGB) course. The central objective of the EGB course was tointroduce students to the causes and consequences of economic globalization. However,

the ISP course focuses on the wide differences in the institutional contexts and resourcebases within which business is conducted in different national settings, is pointed out.

These differences are driven by historical, politico-legal, social, and cultural forces aswell as economic realities, and result in significant divergence in actual national goals,

policies and economic achievements.

The main objective of the ISP course is to enrich students understanding of variations inthe institutional and resource contexts of nations and the impact of these variations on an

individual firms strategies. We will start by developing a framework for country analysisthat can be applied to understanding the economic performance of any country in the

world, and follow up with outlining the challenges, opportunities and risks tomultinational firms of doing business in this environment. We will be making extensive

use of international strategy case studies.

Pursuit of the main objective of the course will also then proceed with a visit to Santiago,Chile during which students will be able to observe directly how the institutions and

resources there impact how business is done there compared to in other countries,particularly the U.S. While in Santiago, students will participate in presentations and

discussions with multinational company managers headquartered there.

Professors V. SRIVATSAN

[[email protected]] &

M. SIROWER

Office: KMEC 7-51

Office Hours: M, W, H 3:30-4:45

pm

MGMT-UB.0011.05 MGMT-UB.0011.07 MGMT-UB.0011.08

Meeting Time M,W 2:00-3:15 M,W 4:55-6:10 M,W 6:30-7:45

Classroom Tisch UC-21 Tisch UC-21 Tisch UC-21

Company LAN SOCOVESA COUSINO MACUL

Teaching Fellow

TFs Stern Email

Asuka Qin

[email protected]

Augusto Uribe

[email protected]

Daniel Borenstein

[email protected]


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The course will culminate in a school-wide competition among student teams from allsections of the International Study Program course. The competition will require that

each team prepare and present a report that diagnoses the major longer-term performanceopportunities and challenges facing the company visited, and makes strategic

recommendations to its management addressing those opportunities and challenges.

REQUIRED MATERIALS

1. A digital custom textbook, consisting ofa. Chapters 6 from Thompson, A.A, Gamble, J & Strickland III, A.J Crafting

and Executing Strategy [TGS in syllabus] &b. Chapters 13, and 15 from Hill, C.W.L., International Business 10E.

All three chapters are available for download as an ebook from the McGraw-Hill website.The instructions for downloading the ebook are:

Go to http://create.mcgraw-hill.com/shop/Search for and select book by

Title: INTERNATIONAL STUDY PROJECT 2015 Latin AmericaOr ISBN: 9781308452210

2. Case packet from Harvard Business Schoolcan be downloaded after purchase at

Course pack link:https://cb.hbsp.harvard.edu/cbmp/access/34246884

3.Additional Material Available Through NYU Classes

a. Distance Still Matters

b. The Global Competitiveness Report, 2014-15by the World Economic Forum

c. Competing on Resources

d. Location, Competitiveness, and Economic Development

e. What Have We Learned About Emerging Markets MNEs?

EVALUATION

Individual

Class & trip participation 10%Readings exam 35%

Comparative Analysis Report 15%Strategy analysis report 15%

Total Individual 75%Group

Class Case presentation 10%

Project Presentation 15%Total Group 25%

Ungraded but Penalizable Deliverables

Company SWOT & QuestionsTrip Learnings report

Project Proposal


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CLASS SCHEDULE (Please pay special attention to items in bold letters)

Day Date Topic Readings/Assignments

MON 1/26 Introduction to the CourseWED 1/28 Diversity of the International

Business EnvironmentGhemawat: Distance still mattersBEGIN group formation

MON 2/2 National Competitiveness The GCR Reporthttp://www.weforum.org/issues/global-

competitiveness

WED 2/4 Intro to Strategy Collis & Montgomery: Competing onResources

Chapter 6 from TGSFinalize groups and email TF

MON 2/9 Entering Foreign Markets Chapter 15 from HillChapter Case:

WED 2/11 Strategic Alternatives for MNCs Chapter 13 from Hill

Chapter Case:

MON 2/16 NO CLASS PRSEDIENTS

DAY

ATTEND PRE-TRIP ORIENTATION

ON 2/24

WED 2/18 Intro to Clusters &

Emerging market MNCs

Location, Competitiveness, and

Economic DevelopmentWhat Have We Learned About

Emerging Markets MNEs?

MON 2/23 International Strategy Practicum Case Presentation: SAFERTAXI

TUE 2/24 Mandatory Attendance: Pre-Trip Orientation(5:45-7 pm)WED 2/25 International Strategy Practicum Case Presentation: PATAGONIA SUR

MON 3/2 International Strategy Practicum Case Presentation: COLBUN &FUTURE OF CHILEAN POWER

WED 3/4 International Strategy Practicum Case Presentation: LISCOACQUISITION

MON 3/9 INDUSTRY DISCUSSION DUE: Individual report oncomparative analysis

WED 3/11 Pre-Trip Session DUE: Company Questions


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MODULE 2: THE TRIP (ACTIVITIES IN BOLD LETTERS ARE

MANDATORY)

Day Date Activity

TUE 3/17 Depart NYCWED 3/18 Evening: Group Dinner. Dress Code is Business Casual (no jeans,

shorts, T-shirts, tank tops, sneakers, or open-toed shoes). Ties or

jackets optional

THU 3/19 Group Exploration and Activities (All Day)

FRI 3/20 Corporate Visits (All Day) Dress Code is Business Casual and also

factory-safe attire (no loose article of clothing or ties; proper shoes

and no high heels)

SAT 3/21 Morning free. Leave for Airport in the Afternoon

SUN 3/22 Arrive NYC

Day Date Topic Readings/Assignments

MON 3/23 NO CLASS Trip Decompression & Reflection

WED 3/29 Trip debriefing DUE: 5 learnings assignment

MON 3/30 IN CLASS EXAM

WED 4/1 Preparing for the ISP competition No class work on project

MON 4/6 Proposal Discussions with Mgroups (all group members must

attend)

1 page project proposal

WED 4/8 Proposal Discussions with W

groups (all group members must

attend)

1 page project proposal

MON 4/13 Optional Discussions with Mgroups

No class work on project

WED 4/15 Optional Discussions with Wgroups


MON 4/20 Optional Discussions with M

groups


WED 4/22 Optional Discussions with W

groups


MON 4/27 Project Presentations Attendance Mandatory

WED 4/29 Project Presentations Attendance Mandatory

MON 5/4 Attend competition finals on Friday No class Strategy Report DueOnline & IN CLASS

WED 5/6 Attend competition finals on Friday No class

Fri 5/8 FINAL COMPETITION (1-3

PM)

ATTENDANCE MANDATORY


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GRADING DETAILS

Individual Work

Class and Trip Participation (10%)

Participation in class is a very important component of the learning process in the

course. Students are expected to contribute to class discussions. Such participation is

essential to individual and class learning from case analysis and discussion. Please go over

the readings prior to class. Lectures will not duplicate reading material: they will supplement

and embellish the readings, and offer alternate viewpoints. Attendance will be taken for each

class session and will be a factor in determining your class participation points. Laptops, cell

phones, and other electronic devices are a disturbance to both students and professors. All

electronic devices must be turned off prior to the start of each class meeting.

Participation in scheduled events and programs during the trip to Buenos Aires is also a

very important component of the learning process in this course. Those missing the trip will

be given a make-up assignment whose weight will be equal to that of the trip participation

grade. Those traveling to Buenos Aires are required to adhere to the Stern Code of Conduct.Every session of the course will involve interaction in the form of class discussion. I expect

each one of you to come to class on time and be prepared to contribute to all class sessions.

Location and Industry Competitiveness (15%)A hard copyof this report (3-4 pages, excluding all appendices, single-spaced, 12-point font) is

due in class on the date indicated in the class schedule. An electronic copymust be also

uploaded on NYU Classesbefore class on the day it is due. Failure to upload on NYU

Classesbefore the deadline will result in a 3-point penalty on the assignment. In addition, if for

any reason we are unable to locate the hard copy of your assignment, then we will accept a

duplicate copy only if we find a copy uploaded on NYU Classes.

1. Identify the main industry in which your company competes.2. Select ANOTHER country (you will be given a choice of 6 countries). In

doing so ensure that each member of your group selects a different country.3. Analyze BOTH your selected country as well as the country you will visit

on the following question.a. Are there any features [historical, political, legal, socio-cultural, etc] of the

country that help the companies in THIS INDUSTRY IN THATCOUNTRY achieve competitive advantage internationally? Are there any

features that seem to lead to competitive disadvantages internationally? In

answering the above, ensure that youre incorporating an analysis of theglobal/regional competition in this industry, if any.b. Can the management of firms in this industry, either on their own or

collectively as a group, leverage the competitive advantages, andovercome the disadvantages? How?

4. Building on the above analysis of your companys industry structure, identifymajor competitive advantages/disadvantages your company enjoys.


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Five Learnings from the trip (- ungraded but penalizable)

Write 1-2 pages on the 5 lessons that you learnt from participating on the ISP trip.

At least 2 of these lessons should be based on the talks that you attended on Monday. Thelearning from the company visit is not required since youll be incorporating them in your

project proposal. However, at least one learning should be based on your observations

about the business culture in Chile/Latin America.

Readings Exam (35%)

The closed-book exam on the readings will take place in class on the date

mentioned in the class schedule. The exam will be a combination of multiple-choiceand/or short-answer type questions. More details on the exam will be provided in class.

Final Strategy Report (15%)

Write a report (3-4 pages single-spaced, 12pt font excluding appendices) on your

company that (1) compares, contrasts, and critically evaluates the recommendations of allthe other teams in your section in terms of their potential impact on firm performance,

their impact on the firms competitive position and risks, their use of competitivelyvaluable firm resources, and their affordability in terms of the cash flows and debt

capacity of the firm, and (2) presents an integrated set of strategic recommendations thatyou would make to the corporate board based on the above comparison, contrast and

evaluation. Your report should include an Appendix that lists the main strengths andweaknesses of each presentation (excluding yours). An anonymous version of this

appendix analysis maybe provided to each group at the end of the course.

Suggested format:

1.

Analysis of the other class presentations 1-2 pages

2. Integrated strategic recommendations &

Justification for your recommendation 1-2 pages

3. Appendices (see below)

While making and justifying your recommendation, please address the following points:

1. Your recommendations need to be supported with proper analysis. Be sure to

evaluate the recommendations in terms of their potential impact on the business for

example, impact on sales, competitive position, risks and their affordability in terms

of the cash flows and debt capacity of the firm. (Note: obviously, not all

recommendations impact every aspect of the firm).

2.

Attach an appendix with the following:

The main strengths and weaknesses of each presentation (excluding

yours)

An electronic copymust be also uploaded on NYU Classesbefore class on the day it isdue. Failure to upload on NYU Classes before the deadline will result in a 2-point penalty

on each portion the assignment. In addition, if for any reason we are unable to locate the


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hard copy of your assignment, we will accept a duplicate only if the NYU Classes versionhas been uploaded.

Group WorkPlease form groups of 5-6 people. Since group activity is a big component ofthis course, it is recommended that you find group members with whom you share a good

group dynamic and complementary capabilities. It is also required that each group has nomore than one person who is not going on the trip to Argentina. Peer evaluations will be

used to determine individual contributions to the group project.

Case Presentation (10%)

Each group will be assigned one of the cases for a group analysis and class presentation.

Your group is required to analyze the case and make a 20-minute presentation in class onthe date assigned for the case. All members of the group are required to take part in the

presentation. A comprehensive analysis of the case is expected. You are stronglyencouraged to do external research to obtain and use outside information on the firm and

the industry while preparing your case analysis. Please reference all external sourcesused in your report. Also please turn in a copy of your presentation slides before class

begins on the day of your presentation.

Company questions (Ungraded but penalizable)

Identify what questions you will consider asking the senior management of yourcompany if presented with an opportunity to do so. Explain why your group thinks each

question is important to the strategic direction of the company in a paragraph or two. Thecompany question report will be recorded but not graded (see the class schedule for the

due date).

Project Proposal (Ungraded but penalizable)

After returning from the trip, your group is required to submit a project proposal (1 page,

double spaced) on the date indicated in the syllabus. The proposal should outline thestrategic issue(s) that you will be focusing on for your project. The Professor and the TF

will meet with each group to discuss and approve the proposal. The proposal will not begraded. All group members are required to attend this meeting. Failure to do so will

result in loss of points in the project presentation scores.

Group Work Project Presentation (15%)

Details: Outline your company's strategic situation, i.e., its prospects for growth inearnings over the next 3-5 years, its strengths/advantages over competitors, and the major

challenges and weaknesses it will have to overcome in the next few years. Develop astrategic plan for the next 3-5 years to sustain and improve the firm's performance


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prospects. Specifically, what significant changes in the firms geographic scope, productscope, product development policies, marketing policies, operations policies, finance

policies, organization structure, and/or human resource management policies would yourecommend?

Each group will have to make a strategic plan presentation in class on their company (13minutes, plus 2 minutes for Q&A). These presentations will take place on the dates givenin the class schedule. Please time your presentations properly going over time will

count against you in the grading. One team will be selected to represent your section inthe Regional Finals. More information on the presentation will be provided in class.

Slides Submission: Please do NOT email slides to us. Instead post them on NYU

Classes.Presentation Dates: Your group will be randomly assigned to one of the two days

allotted for the presentations. Your TF will email you with your presentation dates.

USEFUL WEBSITES

1. http://lanic.utexas.edu/2. http://lac.eads.usaidallnet.gov/

3. http://www.eclac.org/4. http://www.usaid.gov/locations/latin_america_caribbean/

5. http://www.export.gov/


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Academic IntegrityIntegrity is critical to the learning process and to all that we do here at NYU Stern. All

students are expected to abide by the NYUStern Student Code of Conduct. A students

responsibilities include, but are not limited to:

A duty to acknowledge the work and efforts of others when submitting work as ones

own. Ideas, data, direct quotations, paraphrasing, creative expression, or any other

incorporation of the work of others must be clearly referenced.

A duty to exercise the utmost integrity when preparing for and completing examinations,

including an obligation to report any observed violations.

Please see www.stern.nyu.edu/uc/codeofconduct for more information.

Grading

At NYU Stern we seek to teach challenging courses that allow students to demonstrate

differential mastery of the subject matter. Assigning grades that reward excellence and reflect

differences in performance is important to ensuring the integrity of our curriculum.

In line with Grading Guidelines for the NYU Stern Undergraduate College, the process of

assigning of grades is intended be one of unbiased evaluation. This means that students are

encouraged to respect the integrity and authority of the professors grading system and

discouraged from pursuing arbitrary challenges to it.If you feel that an inadvertent error has been made in the grading of an individual

assignment or in assessing an overall course grade, a request to have that the grade be re-

evaluated may be submitted in writing to your TF within 7 days of receiving the grade, including

a brief written statement of why you believe that an error in grading was made.

Students with Disabilities

Students whose class performance may be affected due to a disability should notify me

early in the semester so that arrangements can be made, in consultation with the Henry and Lucy

Moses Center for Students with Disabilities, to accommodate their needs. Please see

www.nyu.edu/csdfor more information.


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ISP Travel and the Stern Undergraduate Code of Conduct

The ISP Faculty recognizes that the overwhelming majority of students are approaching

the International Study Program week abroad with excitement, seriousness of purpose, and every

intention of behaving appropriately throughout the program. To protect the potentially

outstanding experience of that majority of students on the ISP trip, which could be damaged bythe actions of a few, and to protect the reputation of the school, we remind all students that they

must act in a manner consistent with the Stern Undergraduate Code of Conduct and the special

conditions of this travel opportunity.

Professional Conduct

Throughout the trip students are expected to perform in ways that (1) reflect favorably on

themselves, their classmates, and the Stern School and (2) contribute to the educational

environment and objectives of the course in other words, to perform professionally.

Professional performance includes, but is not limited to, the following behaviors:

Actively participating in all formal sessions; Attending all presentations and visits scheduled in conjunction with the course;

Being on time and prepared for all scheduled events;

Preparing for and engaging respectfully with presenters and other guests;

Being cooperative and helpful during the logistical activities of the trip;

Acting in a manner consistent with the nature and tone of each scheduled event;

Respecting local customs and values during the trip:

Follow the appropriate dress code for mandatory events.

Violations of the expected professionalism behaviors will result in direct penalty to the

course grade. Frequent failure to behave professionally could result in as much as atwo

letter reduction in the course grade.

Personal Conduct

While on the ISP trip, students will have a significant amount of time on their own to explore

the history, cultural sites, and local customs of their destination. During this unsupervised time,

students are expected to behave in a manner consistent with those provisions of the

Undergraduate Code of Conduct pertaining to personal conduct. Personal conduct violations

include, but are not limited to physical assault, harassment (including sexual and verbal), property

damage, and excessive consumption of alcohol.

Accusations of such violations by hotel staff, local police, local citizens, or other students will

be investigated by faculty and administrative staff accompanying the students on the trip, and

may result in violators being immediately sent home to prevent further damage. In all casespersonal conduct violations will be reported to Dean Greenbaum, for determination of sanctions

by the Honor Council.

It is the responsibility of each student to ask for clarification of any aspect of these

Undergraduate Code of Conduct requirements as they apply to the ISP trip that is not understood

or is considered ambiguous prior to the trip.


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Sign Your Name: ___________________

Group Work Peer Evaluation (Optional)

International Study Program (Spring 2015)

Professor Srivatsan

On a percentage scale of 0-100, please evaluate your group members on how much contribution

each one of them made to his or her share of the project work. If someone in your group did his or her

share of the work (or more), then give that person a score of 100. For others, please give a score that

reflects their contribution to their share (for example if someone contributed only 90% of his or her share,

then give that person a score of 90, etc.). Please return this form to me before the last day of class. If youdo not turn in this form, then it will be assumed that you have given a score of 100 for all your other group

members. Therefore, if you feel that all your other group members did their share of the work, you

do NOT have to turn in the evaluations. Please be honest and fair in your evaluations, in accordance

with the Stern Honor Code. Also note that your evaluation of your group members may affect their grades

but will not have any impact on your grade in the course.

Group Member Names (do not include your name) Contribution Score (0-100)

________________________________________ ______________

_________________________________________ ______________

_________________________________________ ______________

_________________________________________ ______________

_________________________________________ ______________

If you give anyone a score less than 100, then please give specific reasons below so that I can discuss it

with the person concerned.

Isp 2015 Syllabus

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