Contemporary Business Topics: International Business is designed to provide a framework for analyzing and addressing situations that arise when a business transaction or a relationship, cross political, economic, or cultural boundaries. The course is broadly divided into three disciplines:
Organizational topics in International Management
Political Economy and Trade topics in International Management
Applications and International Strategy
We will identify how firms are impacted by global culture and different business practices. Students will be able to apply critical thinking skills and cross border concepts to core business competencies. Through case studies, students will develop a set of analytical perspectives for making decisions in a wide range of social, ethical and regulatory challenges.
Field WorkCountry: South Africa
Date: March 23, 2018
The South African wine “industry” has evolved since its introduction in 1652 and after a gestation period of four hundred and fifty years it has given birth to a global industry that spans a contentious history, diverse cultures, and emerging tastes. This field lab provides us an opportunity to meet with the senior management of Groot Constantia, one of the oldest wineries in South Africa, which has engaged in a business strategy of global expansion. Together, we will consider both the surface and subsurface issues and opportunities associated with the global wine industry, including consideration of the marketing, sustainability, and cultural issues associated with the production, processing, distribution, and consumption of wines from South Africa. This should be a phenomenal field trip where we will consider both the surface and subsurface considerations associated with the “terroir” of the South African wine industry.
1. Understand the current importance and economic/social role of the wine sector in South Africa;
2. Understand the opportunities and hurdles associated with international expansion of regulated industries and the business costs associated with the wine industry.
3. Discuss the impact of climate change and sustainable practices for production and operations.