Global Initiatives

Doing Business in Chile: A Macro and Micro Examination

Chile

BUSI788L/BUSI 798L

Course closed for 2015. 2016 global business courses will be announced in Spring 2015.

This global business course is only open to 2nd and 3rd year MBA students.

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.

This course may incorporate consulting projects.

Cities

Santiago and surrounding areas

Faculty

Dr. Bennet Zelner

Dates Abroad

Course dates:

  • Nov 9, VMH 1511, 12-7 p.m.
  • Dec 7, VMH 1511, 12-7 p.m.
  • Feb 8, VMH 1511, 12-7 p.m.
  • Feb 22, VMH 1511, 12-7 p.m.

Depart January 2nd (arrive in Santiago the 3rd); Depart from Santiago January 11th.

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 $39 fee for the mandatory insurance. 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 BUSI788L section BA01 at the same time as your other fall courses. You will automatically be registered for the other module(s).

Chile is a beautiful, exciting country renowned for its economic stability in the South American region. It leads South and Latin American nations in competitiveness, quality of life, economic freedom, and boasts a low perception of corruption. Some of Chile's famous exports include grapes, excellent wines, and fine fish. Mining and minerals are also big business in the country. Chile's progressive economic policies mean that the U.S. is a major destination for Chilean products and services. This class will examine the thoughtful and effective strategies that contribute to the country's wealth. We will explore the development and performance of the Chilean economy in a world continuing to undergo rapid globalization. Capitalizing upon its stature as an economically and politically stable country with an abundance of strong market segments, Chile continues to expand its business presence globally. An integrated set of course readings, cultural excursions, and business visits will facilitate the learning described above. Students will come back with an understanding of the political and economic history of Chile and its place in the global economy.

In addition to a focus on Chilean companies and their domestic and global expansion strategies, students will explore businesses in several disciplines and learn about the country's culture and history. Students will consider issues surrounding the economy as well as cross-cultural communication and leadership.

NOTES:

UMD's regular withdrawal and refund schedule applies for the one-credit BUSI788L 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 the hotel hallways, damage to hotel rooms, hung-over behavior, sleeping during meetings, or public displays of affection will be frowned up as they would be for any business traveler. You are expected to act professionally while abroad and this professional 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 encourafed to participate in more than one BUSI788/798 abroad during your time at Smith. Up to two course series can apply toward the MBA degree.

Hong Kong University of Science & Technology

Hong Kong

Hong Kong, China

The London Times lists Hong Kong University of Science and Technology (HKUST) among the top 50 universities in the world. The University is housed in a hillside and waterfront complex overlooking Port Shelter on the Clear Water Bay peninsula, less than 30 minutes' driving time from central Hong Kong. Hong Kong is a vibrant city imbued with international outlook, cosmopolitan lifestyle, and Chinese culture. This is one of our more competitive exchange offerings; if you are interested in HKUST it is best to see your advisor and apply well before the posted deadline.

Academics

Work Opportunities

Housing

All classes at HKUST are taught in English. The system is very similar to ours in terms of credits and class management. Many business courses are offered each semester.

Exchange students in Hong Kong are eligible to work part-time. Jobs need to be arranged through HKUST.

HKUST offers on-campus residence halls with air conditioning, internet access, and all the comforts of the halls found here. Off-campus housing options are available but may be expensive.

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

What Smith students have to say about HKUST:

Christina Lam“HKUST is known for its campus, it’s gorgeous. It really hits you though when you move into your dorm and realize you are going to get to look at the ocean every day for the next five months. They are very friendly and go above and beyond to make the exchanges feel welcome. The main point is to immerse yourself in a culture and learn something new – you get a chance to be in a whole new country and have to learn how they are and how they think. That helps when you make global friends, which is the most important thing to do while you’re there! It’s worth it just to go, just meet people and learn about their lives and how they view my life; it’s interesting to learn how they view lives in America and what opportunities they think we have -- makes me appreciate my life.”

- Christina Lam, Class of 2010

Copenhagen Business School - Copenhagen, Denmark

Copenhagen

Copenhagen Business School (CBS) is a private educational institution established in 1917 by the Danish Society for the Advancement of Business Education. CBS has around 15,000 students and an annual intake of around 1,000 exchange students. With this number of students as well as around 400 full-time researchers and around 500 administrative employees, CBS is one of the three largest business schools in Northern Europe.

Academics

Work Opportunities

Housing

CBS offers over 100 courses taught in English each semester. Exchange students participate in a “crash course” prior to the semester designed to orient them to the language and culture of Denmark.

Exchange students are eligible to work part-time up to 15 hours per week. However, students are forewarned that jobs in Denmark are scarce.

Students can choose from dorm-style accommodations where they live with other exchange students or make arrangements on their own for a private apartment or flat.

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

What Smith students have to say about Copenhagen:

"I had the time of my life, living with people from about 20 different countries. It was a great chance to network, to meet people from other cultures, and to know about different lifestyles. Their exchange crew was VERY, VERY good... we had the most amazing introduction week and got to make good friends with the Danes and also other exchange students. Their international office was also very helpful in addressing all of our concerns. However, their study system was a little hard to get used to."

- Smith Student, Class of 2007

Guanghua School of Management - Beijing, China

Guanghua

The Guanghua School of Management, Peking University is one of the best business schools in China. The School is staffed with about 100 full-time teaching faculty members. About half of the faculty earned their PhD degrees from prestigious universities overseas including: Harvard, Oxford, Stanford, and UC-Berkeley. Guanghua has a total enrollment of more than 3,000 students and recently won first place as the most Influential MBA of China in a ranking conducted by World Executive.

Academics

Work Opportunities

Housing

Guanghua offers 15-20 business courses taught in English per semester. Students are also encouraged to take Business Chinese.

Exchange students are eligible to access all career services including corporate presentations, career coaching, and job postings.

Due to overwhelming demand for on-campus housing, students must find private accommodations on their own. Assistance from the Office of International Relations is provided.

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

National Taiwan University

Taipei

Taipei, Taiwan

National Taiwan University (NTU) is widely considered the best and most prestigious university in Taiwan. NTU has an enrollment of almost 30,000 students at six campuses. The main campus is located in Taipei, the largest city in Taiwan. Taipei serves as both the center of government and industry for the country.

Academics

Work Opportunities

Housing

NTU offers about 25 graduate business courses taught in English each semester. Exchange students may also take Chinese language courses to improve their mastery of the language.

Unfortunately, exchange students are not eligible to work in Taiwan.

Exchange students are guaranteed on-campus housing in dorm-style accommodations shared with other exchange students.

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

- Rachelle Bye, Class of 2010

WHU - Otto Beisheim School of Management

Koblenz, Germany

Koblenz, Germany

WHU is considered the preeminent business school in Germany. WHU has a strong interest in international business, as well as corporate responsibility. It is a small school, with about 600 students and the classroom dynamic is lively and interactive. Koblenz is a small town located on the Rhine and Mosel rivers, about 1 hour west of Frankfurt.

Academics

Work Opportunities

Housing

All MBA and MSc courses are taught in English. Exchange students are eligible to enroll in courses from both the MBA and MSc programs.

The placement office is available to exchange students and they will work with you on securing a work permit for a post-semester internship.

Students can choose from dorm-style accommodations where they live with other exchange students or make arrangements on their own for a private apartment or flat.

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

SKEMA Business School - Sophia Antipolis, France

France

SKEMA is one of our global partners in the Global Technology and Management Consortium, a group of 5 leading universities around the world focused on technology. Located in the French Riviera, SKEMA is close to many highly regarded technology enterprises. This is generally a graduate exchange, but undergraduates interested in attending this school for a semester will be able to do so.

Academics

Work Opportunities

Housing

SKEMA offers over 40 graduate business courses taught in English each semester. Courses in French are also available to exchange students with language proficiency.

Exchange students are eligible to work part-time in a non-paid internship while taking classes.

Exchange students can choose from on-campus apartments or private accommodations in nearby Haut Sartoux or Antibes. The Housing office assists with exploring these options and roommate matching.

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

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

AdVENTURE Challenge: China

BUSI 788K, 798K – 4 Credits

ENTREPRENEURSHIP | GLOBAL

Course Description

Think Amazing Race meets venture creation. The experience will take students from Shanghai to Beijing. Along the way, students will earn points as we visit Chinese startups, multinational corporations, venture capital firms and cultural sites like the Great Wall and the Forbidden City. The challenge will culminate with a final competition at Peking University’s Guanghua School of Management. Students compete for cash prizes alongside peers from Smith, Guanghua and other Chinese business schools, and Technion-Israel Institute of Technology.

Students from around the world are invited to participate in the 9th Annual China Business Model Competition

BUSI 788K: This 2-credit course is about developing and presenting new venture business models relevant to the Chinese market. It involves working with Chinese team members to develop a business idea using the business model canvas. Canvas presentations will occur in the US and in Beijing, China. Pitches will be based on a business problem. The course is required for participation in AdVENTURE Challenge: China. By registering for this course, you will automatically be registered for the two-credit global studies course to Beijing and Shanghai in May (Summer I), led by the Dingman Center for Entrepreneurship.

On Campus Course Dates

  • March 29th Time TBD
  • April 19th Time TBD
  • May 3rd Time TBD

BUSI 798K: 2 credit course for travel component to China May 23rd – May 31st.

Entrepreneurial Skills

  • Develop a business model that is based in China or leverages Chinese resources and present it to expert  judges for feedback for a chance at prizes
  • Gain exposure to and interact with local VCs and entrepreneurs through company visits and group meals
  • Learn the complexities of doing a startup in China and in the global economy
  • Compete in an international business model competition

International Experiences

  • Work in a cross-cultural team with Chinese students
  • Experience the Chinese culture through completing fun challenges in Shanghai and Beijing
  • Learn about the Chinese business ecosystem and history through site visits

Costs

$2,250 program fee; $250 study abroad fee; and $40 CISI insurance fee. The program fee covers shared hotel room, in-country ground transportation, at least two dinners and cultural activities included in the itinerary.

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 is your first time studying abroad with UMD.

Application Process

The application process is competitive. Enrollment in AdVENTURE Challenge: China is not guaranteed. Students must apply to be considered in the selection process. The ideal candidate should be entrepreneurial and comfortable with international travel and should also have an intellectual curiosity concerning Chinese culture and business.

Completion of BUSI 660 is preferred. In addition, preference will be given to students who have demonstrated an interest in entrepreneurship, venture creation and the startup ecosystem through coursework or participation in Dingman Center activities or the Entrepreneurship Club.

To apply, students must send their resume and a statement on their background and reasons for taking the course to ogi@rhsmith.umd.edu. The Office of Global Initiatives and/or the Dingman Center may conduct interviews to understand each candidate’s skill set and determine fit for the program.

  • Application Deadline: October 31st
  • Selection Interviews: November 3rd – November 7th
  • Student Selections announced: November 10th

Students will be automatically enrolled in Testudo by MPO once selected.

MBA Global Business Courses

2015-16 MBA Global Business Courses 

Check the Networth site for up to date information regarding course numbers, registration details, program fees, withdrawal and refund policies, and scholarship opportunities. (Information to be posted on Networth by April 30, 2015) 

Students should not purchase airfare for global business courses until the Office of Global Initiatives officially confirms that the program will be running and sends specific instructions for purchasing airfare.

Students are welcome and encouraged to participate in more than one global business course abroad. Up to two course series can apply toward the MBA degree.

Winter Break

CHINA
Opportunities in China’s Service Sector
UNITED ARAB EMIRATES
Mega Projects Management in the United Arab Emirates
JAPAN & KOREA
Economic Powers of North East Asia

 

INDIA
Check back soon for more information

Spring Break 

BRAZIL
Growth Opportunities in an Emerging Market

FRANCE
Check back soon for more information

Summer 2015 (Applications closed)

CHINA, SHANGHAI to BEIJING
Dingman Center for Entreprenership AdVENTURE Challenge

China

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