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Wendy Jeffus

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Title: Short Selling Basics Author: Wendy M. Jeffus Last modified by: Wendy Jeffus Created Date: 2/10/2005 1:57:44 PM Document presentation format – PowerPoint PPT presentation

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Title: Wendy Jeffus


1
International Business
  • Wendy Jeffus
  • Harvard Summer School

2
Introduction
  • Introductions
  • Dr. Wendy Jeffus
  • Brian Levin
  • Beyond the Textbook What is this class about?
  • Class World Perspective
  • Course Websites
  • Textbook www.mhhe.com/hill
  • Harvardhttp//courses.fas.harvard.edu/sum/32268
  • Beyond the Course www.wendyjeffus.com
  • Syllabus
  • Textbook International Business by Charles Hill
    - 7th

http//isites.harvard.edu/k62285
3
Info Sheet Syllabus
  • Handout Student Info Sheet
  • Handout Syllabus
  • Friday Optional Sessions (exam review,
    presentation prep, report feedback)
  • Group Projects
  • Exams
  • Expectations
  • Mid-term Final Exams (Mandatory Attendance)
  • Group Projects
  • Beyond the Classroom

4
No Excuses
  • http//www.youtube.com/watch?vobdd31Q9PqA

5
Group Projects
  • Group Assignments
  • Case Studies
  • Prepare a 10 min PowerPoint presentation
  • 1) Summarize the case
  • 2) Relate the case to the chapter
  • 3) Update the case with current events
  • Final Report
  • 10 min. 10 pages.
  • First Assignment (up to 5 points towards final
    case grade)
  • 1 slide 2 minutes (timed) 3 copies

6
Course Webpage
  • http//courses.fas.harvard.edu/sum/32268
  • Syllabus
  • Info Sheet
  • Group Assignments
  • Class Slides
  • All slides will be posted after the lecture
  • Read the assigned chapters before class and
    youll be able to keep up.
  • (We dont want you to know the punch line)

7
Dan Levin
  • International Entrepreneurship

8
Chapter 1 Globalization
  • Wendy Jeffus
  • Harvard Summer School

9
The World Is Changing
  • My first cell phone
  • My first video game
  • My first internet connection
  • Email Online Shopping Social Networking

1984
1983
1994
Atari (discontinued in 92)
Source http//motoinfo.motorola.com/motoinfo/20th
_anniversary/docs/timeline.pdf Wikipedia.org
10
The Globe is Shrinking
1500-1840
1850-1930
1950s
1960s
Steam locomotives 65mph Steamships 36mph
Propeller aircraft 300-400mph
Jet aircraft 500-700mph
Best average speed of horse-drawn coaches
sailing ships - 10mph
Photo source http//www.masternewmedia.org/images
/wealth_network.jpg
11
Telepresence version 1.0
Telepresence Magic
http//youtube.com/watch?vrcfNC_x0VvE
12
Small Businesses Reach Global Customers
  • Parkers Maple Barn
  • Note the population of Mason, NH was 1,147 at
    the 2000 census.

Source www.parkersmaplebarn.com
13
Consumers are Changing
  • Yesterday
  • Tomorrow

Companies are Reacting to Change
http//www.fritolay.com/
Sources www.fueleconomy.gov, http//coolproductex
po.stanford.edu/NewCarver_Gen3.jpg,
http//www.cepro.com/images/uploads/enviro_friend
ly.jpg
14
Global Rivalries
Toyota (Japan)
Airbus (France)
Boeing (U.S.)
Ford (U.S.)
Caterpillar (U.S.)
Komatsu (Japan)
Sony (Japan)
Microsoft (U.S.)
Nintendo (Japan)
  • Automobiles, airplanes, earthmoving equipment,
    video games.

Photo sources company websites and wikipedia
15
What is Globalization?
  • Globalization is the shift toward a more
    integrated and interdependent economy
  • Two components
  • The globalization of markets
  • National markets become global markets
  • The globalization of production
  • Global sourcing

McDonalds gt100 countries
Starbucks 49 countries
Citigroup 98 countries
Source Company websites and annual reports
16
Globalization of Production
Designed in Germany
Assembled in Mexico
with parts made in the U.S. and Japan
delivered via a Danish ship.
which come from Korean steel and Malaysian
rubber.
owned by a French company
which came from a well off of the coast
of Benin...
The gas was bought at a BP service station
17
Globalization of Production
Japan Fuselage, Wings, etc.
Italy Wing Flaps
Boeing 777
Singapore Doors Landing Gear
18
Macroeconomic Trends
  • Reduction of barriers to trade
  • WTO (Chapters 6-9) IMF/World Bank (Chapter 11)
  • Changes in communication, information,
    transportation technologies.
  • What was the average cost of a 3 minute phone
    call from NY to London in 1930?
  • 244.65
  • Approximately how many people used the Internet
    in 1990?
  • Less than 1 million

See also http//www.corp.att.com/history/mileston
es.html, http//www.internetworldstats.com/stats.h
tm
19
  • Telecommunications is creating a global audience.
    Transportation is creating a global village from
    Buenos Aires to Boston, from Birmingham to
    Beijing, people watch MTV, wear blue jeans, and
    listen to iPods...

Paraphrased from International Business 7th
edition by Hill, p. 14
20
Global Managerial Issues
  • Countries are different
  • Culture
  • Economic Development
  • Politics
  • Economic Systems
  • Legal Systems
  • Differences creates wider range of problems that
    are more complex
  • Government limits and intervention on trade and
    investment
  • Currency conversion issues

21
Who is Stanley Ho?
  • The King of Gambling
  • A Hong Kong tycoon who continues to dominate the
    Macau market with 17 casinos.
  • Forbes 701st richest person in 2009.

Sources The World's Billionaires", Forbes, 8
March 2007. Macau Wikipedia, Betting on
growth, Economist, Jan 25th 2007.
22
Who is Sheldon Adelson?
  • Forbes 178th richest person in 2009 (used to be
    worlds 6th richest).
  • The Chairman and CEO of Las Vegas Sands (NYSE
    LVS)
  • The Venetian in Macau has 870 tables and 3,400
    slot machines in the world's largest gambling
    hall.
  • Political Risk The Chinese authorities slowed
    down visas issued from southern China.

Sources www.venetianmacao.com, Macau wow,
Economist, Aug 30th 2007.
23
Global Billionaires
  • 3. Carlos Slim
  • (Mexico)
  • 4. Ingvar Kamprad
  • (Sweden)
  • 5. Karl/Theo Albrecht
  • (Germany)
  • 6. Mukesh Ambani
  • (India)
  • 7. Lakshmi Mittal
  • (India)
  • 8. Amancio Ortega
  • (Spain)
  • 9. Bernard Arnault
  • (France)
  • 10. Li Ka-shing
  • (Hong Kong, China)

Carlos Slim Helú
Ingvar Kamprad
Lakshmi Mittal
Bernard Arnault
Amancio Ortega Gaona
Karl/Theo Albrecht
Mukesh Ambani
Li Ka-shing
24
Billion Business Ideas
  • Italy (10 billion) Idea Make chocolate a part
    of the morning meal by selling a chocolate
    hazelnut spread that is delicious with breakfast
    toast.
  • U.S. (5.3 billion) Idea Put up a bunch of
    lockers off a highway somewhere. Sell to the
    masses.
  • U.S. (5 billion) Idea Take a polo shirt. Add a
    little horse decal. Price at 50. Watch it sell
    like crazy.
  • U.S. (4.4 billion) Idea Sell books over the
    Internet--saving customers the enormous hassle of
    going to a bookstore.
  • Germany (1.5 billion x 2) Idea Sweet, chewy
    candies in all sorts of shapes.

Source Forbes, Why didnt I think of that?
March 08, 2007.
25
Billion Business Ideas
  • U.S. (4.5 billion) Idea Create stuffed bean
    bags shaped like cute animals with precious
    names. Put out a limited amount, so collectible
    value skyrockets.
  • Thailand and Austria (3.1 billion, 3 billion)
    Idea Concoct a super-caffeinated carbonated
    beverage heavy on the B vitamins. Market to
    athletes and the party crowd.
  • Italy (3 billion) Idea Make shoes with tiny
    holes in the sole that release sweat--thereby
    eliminating stinky feet.
  • U.K. (1.6 billion) Idea Invent upright device
    that sucks dirt off the floor.
  • U.S. (1.1 billion) Idea Put a coffee shop on
    every corner of America.

Source Forbes, Why didnt I think of that?
March 08, 2007.
26
Is Globalization A Good Thing?
  • The Great Globalization Debate (July 20th)
  • Bring Your Cameras!

27
Who Thought of THAT?
  • Beer for Dogs?

http//www.youtube.com/watch?vgKdWfhJityQ
Source http//www.beerfordogs.com/
28
Other Interesting Ideas
  • 20 Most Important Inventions for the Next 10
    Years
  • http//images.businessweek.com/ss/09/02/0225_inven
    tions/1.htm
  • Sustainable Dance Floor
  • www.sustainabledanceclub.com/index.php?tproject
  • Innovative Companies

29
Final Projects
  • What interests you?
  • Where would you like to work?
  • Where would you like to travel?
  • Where would you like to invest?

www.medical-tourism-colombia.com,
wikipedia.org http//www.cbc.ca/news/background/he
althcare/medicaltourism.html
30
First Group Assignment
  • Due next class.
  • What country do you plan to enter?
  • What product do you plan to offer?
  • This should be brief imagine it is an Elevator
    Speech
  • 1 slide 2 minutes (timed) 3 copies
  • Suggestions
  • Have backup projects and countries in mind.
  • Be willing to change!
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