Global Business
Global business for managers in Canada, including CUSMA and its annual reviews, CETA, the CPTPP and Canada's newer agreements, the US tariffs of 2025 and 2026 and Canada's response, the Canadian dollar, and Canadian anti-bribery, sanctions and export control law: the world economy in 2026 and the flows of goods, services, investment, people, data and ideas that connect it, trade theory from comparative advantage and factor endowments to scale economies, firm heterogeneity, global value chains and the gravity model, trade policy instruments and their welfare effects, the WTO and its blocked appeals, free trade agreements and rules of origin, exchange rates, purchasing power parity, interest parity and the management of transaction, translation and economic exposure, institutions, state capitalism, corruption and institutional voids, culture and cross-cultural management with Hofstede, GLOBE, Hall and Meyer, market selection with PESTEL, CAGE distance, scoring models and demand estimates, entry modes from exporting and e-commerce through licensing, joint ventures, acquisitions and greenfield subsidiaries, global strategy, structure, staffing and transfer pricing, supply chains under geoeconomic pressure including sanctions, export controls, nearshoring and forced labour laws, and political, currency and compliance risk, ending in a capstone that builds a staged international expansion plan for Cedarline Outdoor, with runnable Python examples.
MBA-611 3 credits 12 lessons · 4 h 20 min ▶ Video lessons coming soon
Offered by HSM University · MBA Core
This is the Canadian version of this course. See the American version.
What you'll learn
- Describe the flows that make up globalization, the waves and current fragmentation of the world economy, and the international exposure of a company on both its revenue and cost sides.
- Explain trade using comparative advantage, factor endowments, scale economies, firm heterogeneity, global value chains and the gravity model, and identify who gains and loses from trade.
- Analyze the instruments and welfare effects of trade policy, the role and limits of the WTO, free trade agreements and rules of origin, and recent changes in North American trade policy.
- Explain how exchange rates are quoted and determined, apply purchasing power parity and covered interest parity, and manage transaction, translation and economic exposure.
- Assess how political, economic and legal institutions, state capitalism, corruption and institutional voids affect international business and how companies protect their investments.
- Use cultural frameworks such as Hofstede, GLOBE, Hall and Meyer, and measures of cultural distance, to anticipate and manage cross-cultural differences without stereotyping.
- Select foreign markets through screening, PESTEL and CAGE analysis, weighted scoring with sensitivity tests and demand estimates by chain ratio and analogy.
- Compare entry modes, including exporting, e-commerce, licensing, franchising, joint ventures, acquisitions and greenfield subsidiaries, and design staged entry with appropriate contracts.
- Choose strategies and structures that balance global integration and local responsiveness, staff international operations and set transfer prices on the arm's length principle.
- Evaluate supply chain decisions in light of geoeconomics, including sanctions, export controls, fragmentation, nearshoring and forced labour laws, and stress-test sourcing choices.
- Identify, quantify and respond to political, currency, compliance and reputational risks, and outline compliance programs for anti-bribery, sanctions, export control and data protection laws.
- Integrate the course into a staged international expansion plan with market choice, entry modes, financial analysis under scenarios, organization, risk management and decision rules.
Course content
12 lessons · 4 h 20 min total · final exam
- 1 Why global business: the world economy in 2026 24 min · quiz
- 2 Trade theory and why countries trade 22 min · quiz
- 3 Trade policy, agreements and the WTO in a fragmenting world 23 min · quiz
- 4 Exchange rates and international finance 22 min · quiz
- 5 Institutions, political economy and the rule of law 22 min · quiz
- 6 Culture and cross-cultural management 20 min · quiz
- 7 Choosing markets: country analysis and attractiveness 20 min · quiz
- 8 Entry strategies: exporting, licensing, joint ventures and acquisitions 21 min · quiz
- 9 Managing the multinational: structure, global versus local, and talent 21 min · quiz
- 10 Global supply chains and geoeconomics 20 min · quiz
- 11 Global risk: political, currency and compliance risk 21 min · quiz
- 12 Capstone: Cedarline's international expansion 24 min · quiz
- E Final exam 20 questions
Requirements
Recommended background. You can start any course at any time.
Description
Global business for managers in Canada, including CUSMA and its annual reviews, CETA, the CPTPP and Canada's newer agreements, the US tariffs of 2025 and 2026 and Canada's response, the Canadian dollar, and Canadian anti-bribery, sanctions and export control law: the world economy in 2026 and the flows of goods, services, investment, people, data and ideas that connect it, trade theory from comparative advantage and factor endowments to scale economies, firm heterogeneity, global value chains and the gravity model, trade policy instruments and their welfare effects, the WTO and its blocked appeals, free trade agreements and rules of origin, exchange rates, purchasing power parity, interest parity and the management of transaction, translation and economic exposure, institutions, state capitalism, corruption and institutional voids, culture and cross-cultural management with Hofstede, GLOBE, Hall and Meyer, market selection with PESTEL, CAGE distance, scoring models and demand estimates, entry modes from exporting and e-commerce through licensing, joint ventures, acquisitions and greenfield subsidiaries, global strategy, structure, staffing and transfer pricing, supply chains under geoeconomic pressure including sanctions, export controls, nearshoring and forced labour laws, and political, currency and compliance risk, ending in a capstone that builds a staged international expansion plan for Cedarline Outdoor, with runnable Python examples.