Course Description
It is necessary to capture managers’ attention to the distinctive strategies that are required to maintain international relations and business considering the opportunities to create value via international activity. Not surprisingly, for many companies, a significant proportion of their international operations subtracts, rather than adds economic value. Managers around the world admit that one of their biggest concerns in the contemporary business environment is managing effectively their international operations. At the same time, they are equally clear that they feel un-equipped to cope effectively with this task.
The world of international business has become bigger. The growth and opening up of many countries that were previously closed to international business have substantially increased the size of the international market, from being confined to North America, Western Europe, and Japan to embarking most parts of the world.
These changes have substantially increased both the challenges and opportunities associated with international activity. This has made the need for an adequate approach to international business strategy ever more important so that managers can recognize and successfully address the challenges and maximize the gains from the opportunities.
What Do Participants Learn?
This comprehensive training will enhance the managerial and organizational capability to look for robust regional and global strategies that create a path towards the internationalization of their business whilst maintaining international relations and international business to cope up with related risks and challenges.
Who Should Attend?
- Business Directors
- Business Owners
- Managers – International Relations
- Multinationals Operations Management
- Regional and Global Business Managers for All Departments
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section 1: Foundations of International Relations and Globalization
- Defining International Relations
- Principles of International Relations
- Impact of International Relations on Business
- Theories in International Relations
- International Economic Relations
- Globalization and its Challenges
- Economic Globalization
- Technological Globalization
- Market Globalization
Section 2: International Relations and Internationalization
- Importance of International Business And trade
- Theory of International Product Life-Cycle
- Dynamics of Foreign investments (FDI)
- Foreign Direct Investment
- Foreign Portfolio Management
- Outflows and Inflows of FDI
- Theories of Foreign Direct investments
- Internationalization of Firms’ Value Chain -Example
- Theory of international New Ventures
- Stages of Internalization process of the Firms
Section 3: International Business and Business Risks
- Economic and Market Risks
- International Monetary System
- Key players in monetary Financial System
- Institutions and International Business
- The World Trade System
- The share of Global GDP
- Government and International Business
- Trade Barriers
- Non-Tariff Barriers
- Investment Restrictions
- Currency Controls
- Local Content Requirements
- Subsidies
- Privatization
- Foreign Exchange Systems
Section 4: Global and Regional Strategy
- Defining Global Strategy
- Global Strategy Foundations
- Global Strategy Perspectives
- Global Strategy Layers
- International Business Strategy – Case Study and Example
- Global Strategy Frameworks
- Approaches to Become an International Company
- Industry and Competition – Porter’s Five Forces Model
- Importance of Policies that Affect Pricing
Section 5: Achieving Strategic Goals in International Market
- Generic Strategies for Competitive positions
- Strategic Goals and Location-Specific Advantages
- Coordination and Configuration Framework
- Resources and Capabilities – VRIO Framework
- Multinational Business Strategies
- Global Integration and Local Strategy
- Contractual Alliances – Stages of Alliance Formation
- Final Discussion – Training Evaluation