The Canadian OTS Course in Global Business is designed to provide students with a comprehensive understanding of the complexities and dynamics of conducting business in an increasingly interconnected global marketplace.
Definition and significance of global business in today’s economy.
Overview of the global business environment and its key components, including markets, competition, and regulations.
Understanding the impact of globalization on business practices and strategies.
The role of multinational corporations (MNCs) and their influence on the global economy.
Global Trade Theories and Policies
Exploration of key theories of international trade, including absolute and comparative advantage.
Understanding trade policies, tariffs, and trade agreements (e.g., NAFTA, EU, TPP) and their impact on global business.
The role of international organizations, such as the World Trade Organization (WTO) and the International Monetary Fund (IMF), in regulating global trade.
Analyzing the effects of protectionism and trade barriers on international business operations.
Cultural Factors in Global Business
Understanding the importance of cultural awareness and sensitivity in international business.
Techniques for analyzing cultural differences and their impact on business practices (e.g., Hofstede’s cultural dimensions).
Strategies for effectively communicating and negotiating across cultures.
The role of corporate social responsibility (CSR) and ethical considerations in global business.
Market Entry Strategies
Overview of various market entry strategies, including exporting, licensing, franchising, joint ventures, and wholly-owned subsidiaries.
Analyzing the advantages and disadvantages of each entry strategy.
Techniques for conducting market research and feasibility analysis to support entry decisions.
Understanding the importance of market adaptation and localization in global markets.
International Marketing and Branding
Techniques for developing global marketing strategies that resonate with diverse audiences.
Understanding the challenges of brand management in international markets.
Strategies for adapting marketing mixes (product, price, promotion, place) to meet local preferences and regulations.
The role of digital marketing and social media in reaching global consumers.
Global Supply Chain Management
Understanding the complexities of managing supply chains in a global context.
Techniques for optimizing global supply chain operations to reduce costs and improve efficiency.
The importance of logistics, transportation, and inventory management in international business.
Strategies for mitigating risks and ensuring sustainability in global supply chains.
Challenges and Opportunities in Global Business
Analyzing the current challenges faced by businesses in the global marketplace, including political instability, economic fluctuations, and regulatory changes.
Understanding the impact of technological advancements on global business operations.
Exploring emerging markets and their potential for growth and investment.
Strategies for fostering innovation and adaptability in a rapidly changing global environment.
