Doing Business in India: Competitive Advantage through an India Strategy
For the Academic Year 2014-15, the BUSI798 series will be four credits total (1 credit in the fall, 3 in the spring) starting with the one credit fall BUSI788 course.
Students in the fall BUSI788 one-credit course will automatically be registered for the spring BUSI798 module.
||Likely to be Mumbai, Delhi and a third city TBD, with an option to visit Agra (Taj Mahal)
||Dr. Sunil Mithas
||10-12 days in January. BUSI788 fall class meetings announced ASAP; classes meet on Sunday afternoons. Dates abroad likely to be in mid-January.
|Program Fee and Dean's Global Scholarship
The $2,250 program fee covers shared hotel room, some meals, cost of any scheduled cultural activities, professor and partner costs. Not included: international airfare, personal expenses, and most meals.
The $1,000 Dean's Global Scholarship is available to eligible full-time and part-time MBA students who are participating on a UMD program abroad in 2014-15. Only students who have not studied abroad previously on a UMD program are eligible for this $1,000 scholarship. There is no application form required for the scholarship. Instead, it will be automatically applied to your student account after our office has verified in our records that this your first time studying abroad with UMD.
||There is an additional $250 fee to the Education Abroad Office as well as a fee for the mandatory insurance coverage (TBD but likely less than $40). A visa is required for U.S. citizens and costs ~$140. Students of other nationalities should check the consular office for visa information and requirements. Your passport must be valid for 6 months after your return date, and you should have 2 blank visa pages available.
||Class meetings: Nov 3rd 1 - 7 p.m., 1505 Van Munching Hall; Nov 24th 1 - 7 p.m., 1505 Van Munching Hall.
You must complete the entire set of activities; students are not permitted to take modules as stand-alone classes.
||Register on Testudo for fall BUSI788G section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).
While India’s economy grew by a healthy 8% for several years, this year has seen a downturn. Still - some predict that India will be one of the three largest economies in the world in our lifetime, even ahead of US in some projections. Finance Minister Pranab Mukherjee points out that foreign individuals can now invest directly in the Indian stock market and overseas specialty retailers like Gap can open wholly owned stores in the country (New York Times, Feb 7, 2012). However, in a worrying sign, congress voted to block Wal-Mart in support of India’s millions of small retailers.
The flurry of activity by the Indian government has helped push Indian stock indexes up by 15 percent this year, and the rupee has climbed 8 percent against the dollar.
India remains an attractive source to serve global markets. It is already a major source of information technology, information technology enabled services (ITES) and business process outsourcing (BPO) services for the world, accounting for more than 60 percent of the global offshore IT industry and close to 50 percent of the global business process off shoring industry.
Finally, India is a big market; India’s middle class can be considered as larger than the European Union. Customers in emerging markets provide opportunities for tapping the bottom of the pyramid (BOP) markets that can be challenging but rewarding in terms of revenue growth and innovation potential.
Taken together, all these factors make it important for all managers to understand the opportunities that India presents and how to overcome some of the challenges associated with pursuing these opportunities.
The main objective of this course is to familiarize you to the Indian context and the opportunities offered by India. The course offers an opportunity for students to integrate what they experience in India with what they are learning in other courses to internalize the core themes of globalization, entrepreneurship and information technology in the contemporary economy. This course is meant for those who want to be successful leaders in the global economy in which emerging markets such as India have tremendous strategic importance. It should be especially attractive to students who have not had an opportunity to experience how business is conducted in India in recent times or who want to update their understanding of India.
- In-country flights are not included in the program fee.
- UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788G course. Students dropping the course series after October 15 (when we make financial commitments abroad) will be charged the program fee equivalent.
- Do not purchase airfare until course is confirmed. Students are advised by UMD Education Abroad to purchase refundable airline tickets.
- Students are responsible for obtaining and paying for their own visa and/or entry fee.
- The time abroad IS the class and any instances of: being late and therefore delaying the group, noise in hotel hallways, damage to hotel rooms, hung-over behavior, sleeping during meetings or public displays of affection will be frowned upon as it would for any business traveler on meetings or conferences abroad. You are expected to incorporate professionalism while abroad, and professionalism is part of your total grade. It is our intent to develop world citizens and savvy business travelers, and the courses abroad should be undertaken as serious academic endeavors.
- Students are welcome and encouraged to participate in more than one BUSI788/798 abroad during your time at Smith; up to two course series can apply towards the MBA degree.