Global Initiatives

RMIT - Melbourne, Australia

Melbourne

Formerly Royal Melbourne Institute of Technology, RMIT commenced operations in 1887. Since then, the university has grown to become one of the largest in Australia and has built a worldwide reputation for excellence in vocational and technical education and research. RMIT is Australia's most international and culturally diverse university. It is an urban university with about 57,000 students total, and the business school is located a few blocks from other university buildings. Australia is the most popular choice among our undergraduate students.

Academics

Work Opportunities

Housing

MBA course offerings are similar to our own core courses with a particular focus on strategy. Electives are also available.

Exchange students can work up to 20 hours per week while in school. Students are responsible for finding their own jobs but assistance is available.

As an urban campus, RMIT does not offer on-campus housing. However, a variety of options are available including: apartments, student hostels, and homestays.

For more information, visit RMIT’s exchange program website.

What Smith students have to say about RMIT:

“Deciding to study abroad is by far the best decision I have ever made in my life. The moment I stepped off of the plane in Melbourne I knew that I would be having the time of my life and that a semester abroad is far too short. The best part was that the locals were more then happy to teach me about their culture and consider me their 'mate.' Till this day I cannot stop thinking about my incredible opportunity there and I highly urge everyone to take a risk and go somewhere unfamiliar. Not only did I learn so much about the country, but I learned a lot about myself. Australia gave me a chance to see my world very differently and I would give anything to go back to the land down under.

- Smith Student, Class of 2006

MBA Global Business Courses

2014-15 MBA Global Business Courses

Please Note:
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.

THE GRADUATE COURSE BILLING includes UMD tuition for 4 credits total (1 credit in fall, 3 credits in spring), a program fee of $2,250, $250 UMD Education Abroad fee, and a fee for the mandatory CISI insurance.  The $2,250 program fee covers lodging in a shared hotel room, local transportation to company visits and any tickets or fees for required cultural activities as outlined in the syllabus, some group meals, and professor and partner fees.

DEAN'S GLOBAL SCHOLARSHIP ($1,000) is available to eligible full-time and part-time MBA students who are participating on a UMD program abroad in 2014-15. Students must not have studied abroad previously on a UMD program to be 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 is your first time studying abroad with UMD. 

Fall Term Class / Winter Break Travel: CHILE
Doing Business in Chile: A Macro and Micro Examination

Chile

Fall Term Class / Winter Break Travel: CHINA
Western China: China's New Business Frontier

Xi'an

Fall Term Class / Winter Break Travel: UNITED ARAB EMIRATES
Mega-Project Management

Middle East

Fall Term Class / Winter Break Travel: SINGAPORE & JAPAN
Asia's Business Hubs

Singapore

Fall Term Class / Winter Break Travel: INDIA
Competitive Advantage through an India Strategy

India

Fall Term Class / Spring Break Travel: BRAZIL
Emerging Multinational Companies

Brazil

Fall Term Class / Spring Break Travel: EUROPE
New Dynamics in the Energy Industry and Energy Policy

Paris

Fall term competitive applications / Summer I Travel: CHINA & HONG KONG

Dingman Center for Entreprenership AdVENTURE Challenge

China

Resources

New Dynamics in the Energy Industry and Energy Policy

BUSI788E/BUSI798E

New Dynamics in the Energy Industry and Energy Policy

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.

Cities Country and cities TBD
Faculty Dr. Charles Olson
Important Dates BUSI788 fall class meetings announced ASAP; classes meet on Sunday afternoons. Dates abroad: first Friday of spring break to last Sunday.
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.

Additional Costs Intra-country transportation expected to be ~$250. There is an additional $250 study abroad fee to UMD Education Abroad as well as a fee for the mandatory insurance coverage (tbd but likely less than $40). No visa required for U.S. citizens. Students of other nationalities should check the consular office for visa information and requirements. 
Registration Register on Testudo for fall BUSI788E section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

This course will examine major energy concerns shared by almost all Europeans such as climate change, developing sustainable transport and mobility, making renewable energy more affordable, ensuring food safety and security, or coping with the challenge of an ageing population. Consumers, suppliers and governments confront energy economics that range from challenging to scary. Whether producer or consumer, business leaders must make business model and capital investment bets of historic proportions with unclear guidance about energy supply availability and demand patterns.

Due to the strategic importance of energy policy, governments use market and non-market mechanisms to shape capital investment behavior, and in many cases are themselves the direct investors.

Government policy and practice in this arena has evolved along very different lines in the EU and US. This course will explore the government-business interface as it relates to energy industrial capital investments in these two regions. We will look closely at the transition to sustainable production and consumption of energy.

Notes:

  • The intra-country transportation is not included in the program fee.
  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788E 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.

Doing Business in Brazil

Brazil

BUSI788B/BUSI798B

Doing Business in Brazil: Emerging Multinational Companies

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.

Cities Sao Paulo & Rio de Janeiro
Faculty Dr. Paulo Prochno
Important Dates BUSI788 fall class meetings announced ASAP; classes meet on Sunday afternoons. Dates abroad: Friday to Sunday of spring break.
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.

Additional Costs There is an additional $250 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 US citizens, and costs around $130. 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.
Registration Register on Testudo for fall BUSI788B section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

Emerging markets have become one of the main drivers for global growth in the past few years. After two decades of economic turbulence (1980's and 1990's), Brazil certainly seems to be on the right path for sustained growth. This course will bring a comprehensive view of the challenges and opportunities related to doing business in and from Brazil. We will focus both on multinational companies operating in Brazil and local companies at different stages of globalization.

The course comprises lectures, company visits, cultural activities and an opportunity to work directly with a company on a critical issue. Through direct contact with executives and academics working in the country, students will obtain hands-on knowledge of Brazil and expand their business network.

We will:

  • Look at the main challenges and opportunities that global companies face in Brazil
  • Expose students to emerging global companies with rapid growth and high potential
  • Interact with local companies looking to expand abroad
  • As Brazil hosted the soccer World Cup in summer 2014 and will host the Olympics in2016, we will also take some time to learn about the business and cultural implications associated with these events.

Notes:

  • The in-country flight is not included in the program fee.
  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788B 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.

Doing Business in India

Students in India

BUSI788G/798G

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.

Cities Likely to be Mumbai, Delhi and a third city TBD, with an option to visit Agra (Taj Mahal)
Faculty Dr. Sunil Mithas
Dates Abroad 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.

Additional Costs 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.
Pre-departure Meetings 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.
Registration 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.

Notes:

  • 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.

Singapore and Japan: Asia's Business Hubs

Singapore

BUSI788Y/BUSI798Y

Singapore and Japan: Asia's Business Hubs

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.

Cities Singapore and Tokyo
Faculty Martin Dresner and Koki Nagata, Adjunct Professor, LBPP
Important Dates BUSI788 fall class meetings announced ASAP; classes meet on Sunday afternoons. Dates abroad are likely to be 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.

Additional Costs 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 not required for U.S. citizens. Students of other nationalities should check the consular offices of both Japan and Singapore for visa information and requirements.
Registration Register on Testudo for fall BUSI788Y section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

Asia has been the fastest growing area of the world for the past several decades, and two of the key economies are those of Singapore and Japan. Singapore has become a global logistics hub with one of the busiest seaports in the world, and Japan has become the third largest economy in the world and is a leader in engineering and manufacturing, famous for its just-in-time system of inventory control, procurement, and manufacturing. Singapore depends on trade for its strong economy, while Japan depends on manufacturing and the requisite engineering and research and development for its wealth. This course series will examine the similarities, strengths and potential trouble spots of these two economies. We intend to visit several logistics facilities in Singapore, and in Japan the group will go to some of the manufacturing plants that have contributed to the country’s growth. In addition, due to Japan’s unique distribution system, we will likely visit key retail and distribution operations in order to better understand that business environment.

Learning Outcomes:

  1. Develop an understanding of the business practices that have contributed to the success of both Singapore and Japan.
  2. Gain an understanding of how an economy copes with recession and falling prices over an extended period.
  3. Understand how Asian economies compete within the region.
  4. Understand how business practices must be put into place to sustain export-oriented economies.
  5. Learn about the rich cultural heritage of Singapore and Japan that underlies many of their business practices.

Notes:

  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788Y 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.

Mega-Project Management in the Middle East

United Arab Emirates Collage

BUSI788M/BUSI798M

Mega-Project Management in the Middle East

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.

Cities Dubai and Abu Dhabi, United Arab Emirates
Faculty Dr. Hassan Ibrahim
Important Dates 10-11 days abroad in January
BUSI788 fall class meetings announced asap; classes meet on Sunday afternoons. Dates abroad likely in early 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.

Additional Costs 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). No visa is required for U.S. citizens. Students of other nationalities should check the consular office for visa information and requirements.
Registration Register on Testudo for fall BUSI788M section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

The history of the Middle East dates back to thousands of years, and throughout its history the region has been a major center of world affairs and business. In modern times, the Middle East remains a strategic region for world business and a critical player in international relations. The course aims to provide students with a good understanding of doing business in the Middle East, using the United Arab Emirates (UAE) as a working lab.

While significant stocks of oil give the region economic power, several countries have diversified their economies into services, including banking, finance, trade, and transportation and logistics. UAE has a highly developed economy but has suffered, perhaps disproportionately, as the six year boom came to an abrupt halt in the 2008/9 world economy. The course will provide a window into how a country copes with change, and the opportunities, and challenges in the Arab world at a time when such understanding is increasingly vital. In addition to providing a general understanding of doing business in the Middle East, the course will focus on management of projects of major size with potential visits such as: Dubai International Finance Center, Dubai Ports World, Burj Khalifa (the world tallest building), The Palm Islands, Abu Dhabi Investments Authority (Abu Dhabi sovereign fund), Tourism Development & Investment Company, Etihad Rail, Masdar Institute/City, and Advanced Technology Investment Company.

Notes:

  • In-country transportation to Abu Dhabi is included in program fee.
  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788. 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 where applicable.
  • 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.

Western China: China's New Business Frontier

BUSI788C/BUSI798C

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.

Cities Xi’an, Chengdu, Chongqing, Kunming
Faculty Dr. Zhi-Long Chen
Important Dates BUSI788 fall class meetings announced asap; classes meet on Sunday afternoons. Dates abroad are likely to be 10-12 days 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.

Additional Costs 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. Students of other nationalities should check the China consular office for visa information and requirements.
Registration Register on Testudo for fall BUSI788C section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

China is now central to the world economy and is the world’s biggest trading nation as measured by the sum of exports and imports. The country is expected to surpass the US to become the largest economy by 2028. The last three decades of economic reform has made China not only the world’s factory, but also the world’s largest market for numerous products. As such, a basic understanding of the modern China, including its socio-economic, political, and business and management aspects, is imperative for anyone interested in doing business in the global market.

This course will focus on the western region of China which is now a new hotspot for multinational companies due to its lower land and labor costs, rich natural resources, and favorable government tax incentives. China’s vast western region is expected to be the most exciting economic development story of the next decade. In 2001, the Chinese government implemented its Western Development Strategy also known as the “Go West” campaign. The lagging economic progress of the region prompted the Central Government to offer incentives for business development, including a much lower corporate income tax (15% as opposed to the usual 25%). The plan also calls for massive infrastructure development both in urban and rural areas.

After more than 10 years since the beginning of the Western Development Strategy, the positive effects are evident in the region’s largest cities. The key cities that have benefitted most so far are Xi’an (capital of Shaanxi Province), Chengdu (capital of Sichuan Province), Kunming (capital of Yunnan Province) and Chongqing (a provincial level municipality). These cities form a tight bond, and despite each being within a less than 2 hour flight from one another, each is unique in character and culture. The entire region comprises a whopping 70% of China’s landmass and 28% of its population, and currently accounts for 17% of the country’s GDP, with much more expected in future years.

This course will provide students with a first-hand experience about opportunities and challenges in doing business in China’s western region. The specific goals of this class are:

  1. Gain first-hand knowledge about Chinese business environment and China’s culture and traditions.
  2. Explore opportunities and challenges in doing business in China’s western region in the industries that we will focus on – automobile, electronics, software and IT, pharmaceutical, and tourism.
  3. Derive winning strategies that American companies can follow to operate a successful business in China’s west

Notes:

  • UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788C 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.

Managing Across Borders

Classroom

Term

Fall 2013; 3 credit course

Faculty

Dr. Hui Liao and Dr. Bennet Zelner

The course “Managing Across Borders” provides foundational knowledge and tools to recognize, assess, and manage the micro- and macro-organizational influences shaping national business environments. The class will examine the challenges of leading and coordinating with individuals from culturally diverse settings, as well as the broader challenges that cross-national differences in the social, political, and economic institutions pose for firms and managers. The macro analysis and component would provide students with the knowledge and skills necessary to properly interpret and assess the formal (political, regulatory, and legal structures) and informal institutions (shared values, beliefs, and norms) governing a country’s business environment.

This course is highly recommended for participants in the BUSI788/798 modules abroad for the Smith Experience.

Specific learning objectives include the following:

  • Learn to identify the salient features of a country’s social, political, and economic institutions.
  • Understand the importance of acquiring a “social license to operate” from various stakeholder groups in addition to the formal rights and permissions acquired from government.
  • Recognize the pros and cons of adapting business models and strategies to host-country institutional contexts
  • Acquire tools for designing and implementing business strategies to address the institutional idiosyncrasies of different country settings.
  • Understand the role of multilateral institutions (e.g., the World Bank and the WTO) as the IFC and WTO as well as the frictions these are sometimes perceived to create in emerging markets.
  • Know why and how individuals from different cultures react differently to similar managerial practices and work systems.
  • Gain insight into cross-cultural differences that affect leadership and interpersonal interactions such as communication, negotiation, conflict resolution and teamwork, and enhance cultural intelligence.
  • Learn to effectively design, implement, and manage multinational/global teams.
  • Know the factors contributing to effective expatriate adaptation and performance.
  • Understand when and why human capital management systems (e.g., selection, training, performance management, and types of incentives) remain effective across culturally diverse settings, and when they do not.
  • Become familiar with the institutional attributes of specific emerging markets, and with the cultural characteristics of specific emerging markets, including the country selected for the Smith Experience class during the subsequent winter break.

Doing Business in Germany and the United Kingdom: European Entrepreneurship

BMGT 469I: Doing Business in Germany and the United Kingdom: European Entrepreneurship (3 Credits)

Program Dates

May 23-June 1, 2014. First covered hotel night is May 24 (Munich); last covered hotel night is May 31 (London).

Destinations

Munich, Germany and London, England with side trips from both locations

Faculty

Oliver Schlake

Program Fee

$2,950

Scholarships

Up to $2,000 for all Smith School students.

Application

Complete Online Application (NEW APPLICANTS MAY APPLY UNTIL MARCH 1 AT MIDNIGHT)
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.

This course will give a real-life insight in the entrepreneurial and business culture of the UK and Germany. Both countries are members of the European Union. Students will have the opportunity to experience two distinctively different cultures on this course.

In London we will visit a range of companies as well as explore the capital’s rich culture and architecture. Munich, the capital of the state of Bavaria, is of course known for Oktoberfest, which attracts people from around the globe. But Munich is also the Entrepreneurial hotbed of Germany. We have visits planned to the BMW production facility and we will meet with German entrepreneurship students of the Technical University of Munich for an interactive workshop, Last year’s session was considered by most students the highlight of the course. As part of the business visits we have scheduled time at the Bavarian Economic Development agency to explore how US companies do business in Germany. Among others, Microsoft chose Munich as its European headquarters.

Of course, we will have time to explore Munich and the beautiful Alps in the south. There is an option to visit the world-famous castle of Neuschwanstein, the inspiration for Walt Disney’s Cinderella Castle. The time in Munich will be ended with a good-bye-dinner at the Hofbraeuhaus, the most traditional German meeting place.

Dr. Schlake grew up in Germany, so there will be many opportunities for true insider tips on what to do while in Munich – including recommendations for delicious German cuisine.

What else do you need to know?

EXACT PROGRAM DATES (May 23 - June 1). Once accepted, students are advised, but not required, to purchase refundable airplane tickets to counter any inconvenience caused by a change in unforeseen circumstances. Oftentimes, students have made their travel arrangements through STA Travel, a discount student travel agency.

THE COURSE PROGRAM FEE ($2,950) includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage. SCHOLARSHIPS UP TOP $2,000 FOR SMITH STUDENTS ARE AVAILABLE.

Not included: personal expenses, most meals, optional trip insurance and international airfare. Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.

PAYMENT OF THE PUBLISHED PROGRAM FEE is divided into three separate charges that are collected accordingly:

(1) A non-refundable $50 application fee payable online by credit card is due at the time of application.

(2) Upon acceptance into the program, a $250 non-refundable deposit payable online by credit card is due within 10 days or less. The exact due date of this deposit will be communicated when student is accepted. Applicants understand that when he/she pays this deposit after being accepted into the program, it is deemed to be a commitment of participation. This deposit is non-refundable under any circumstances.

(3) The remaining balance will be due upon Education Abroad's registration of student into the program. This amount will appear on the student's account and will be payable before the end of the next billing cycle. See UMD's Education Abroad's website for other Refund and Withdrawal rules.

Any scholarship monies awarded by Smith will be credited to the student's account once the charge appears on his/her account. All efforts will be made to have the scholarship monies credited prior to payment due date.

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