Business Essay
Write a 6-paragraph essay that answers the following question using the sources in the bottom:
You have decided to open a business in Tijuana, Mexico (a developing county). Please order the tool boxes below in order of what you would prefer to have most to least" in order to establish and sustain your business. Please provide brief definitions for the items in quotes and rationale for your ordering.
• Tool Box 1: One-time comprehensive "due-diligence" report and "integrated strategy"
• Tool Box 2: Understand a single "political risk" cycle
• Tool Box 3: Have a "business plan" created to enter the Market
• Tool Box 4: Recurrent complete "due-diligence" report.
• Tool Box 5: Understand the recurrent "corruption" culture.
Study Guide
I. Globalization
Roderick, D. (2006) ‘Goodbye Washington consensus, hello Washington Confusion?' Journal of Economic Literature, 44 (December): 969-983
Friedman, T. (2009) The World is Flat, online video, accessed 17 Jan 2012 from https://www.youtube.com/watch?v=53vLQnuV9FY
Ghemawat, P. (2007) "Why the world isn't flat", Foreign Policy, March / April 54-60.
II. Business Strategy
Barron, D. (1995) ‘Integrated strategy: market and non-market components' California Management Review, 37 (Winter): 47-6
Porter, Michael (2008) ‘The five competitive forces that shape strategy' Harvard Business Review, January: 79-93.
III. Corruption and Ethical Considerations for conducting Globalized Business
Rose-Ackerman, S. (2002) ‘"Grand" Corruption and the Ethics of Global Business', Journal of Banking and Finance, 26;1889-1918
Donaldson, T. (1996). ‘Values in Tension: Ethics Away from home', Harvard Business Review, September - October, 48-62
Khanna, T., Pelepu, K. and Sinha, J. (2005) ‘Strategies that fit emerging markets' Harvard Business Review, 86(6): 63-76
The Corporation. Dir. Jennifer Abbott and Mark Achbar. Perf. Noam Chomsky, Michael Moore, Milton Friedman. 2003. Youtube Video. (The first 39 minutes)
IV. Managing Global Supply Chains
Fine, C. (1998) ‘The Secret of Life: Harnessing the Power of Double Helix', Chapter 4 in Clockspeed: Winning Industry Control in the Age of Temporary Advantage, Perseus Books, London
Fine, C. (1998) ‘The Primary of Chains: Capability Chains Make a Business'. Chapter 5 in Clockspeed: Winning Industry Control in the Age of Temporary Advantage, Perseus Books, London
Palmisano, Smuel J. (2006) ‘The Globally Integrated Enterprise', Foreign Affairs, 85(3): 127-136
V. Classic Political Risk Management Issues (Vaaler, 2012)
Sethi, S. and Luther, K. (1986) "Political risk analysis and direct foreign investment: some problems of definition and measurement' California Management Review, 28(2): 57-68
Emerging democracies and political business cycles (Vaaler, 2012a)
Martinez, J. and Santiso, J. (2003) ‘Financial markets and politics: the confidence game in Latin America Emerging Countries', International Political Science Review, 24: 363-395.
Vaaler, P., Scharage, B. and Block, S. (2005) ‘Counting the investor vote: political business cycle effects on sovereign bond spreads in developing countries', Journal of International Business Studies, 36: 62-88.
VI. Lecture Notes
All class lectures through 4/27/16
VII. Text Book
The Globalization Paradox Chapters 2 and 3".