COURSE DESCRIPTION
Gain a big-picture understanding of political dynamics and how it affects global businesses, helping to shape your nonmarket strategy. This course is designed to equip you with a fresh lens from which to understand the risks and opportunities that political dynamics presents, and with the confidence to make decisions as a smart and savvy global leader.
For business leaders in global organizations, nonmarket strategy is as important as market strategy. This goes beyond a business’ strategy and activities in the marketplace, and focuses on the political and social arenas.
In the World Bank’s Global Investment Competitiveness Report 2017/2018, a survey of 750 top executives found that political stability, security, and macroeconomic conditions are the top drivers of investment decisions. This outranks factors such as market size, available labor force, infrastructure, and tax rates. Political and social unrest affects exchange rates, business plans, investment decisions, and holds many other economic implications for firms.
In Navigating Political Dynamics in International Business, leaders at all levels will gain the tools and knowledge to understand how political risks affect a firm – and how to navigate through them. You’ll learn about the (IA) 3 Framework for nonmarket strategy, developed by David Bach and David Allen, and apply it to social and political issues faced by your industry.
Drawing on classic case studies taught globally, combined with emerging world case studies from Asia, Latin America, and Africa developed uniquely for this course, and interactive discussions, this intense, accelerated course will equip participants with the essentials of nonmarket strategy.
KEY TAKEAWAYS
Core topics
- The importance of political dynamics: Emerging markets versus developed markets
- Sources of political risks to investments
- How political dynamics plays out in different industries
- Putting it all together: applying the (IA)3 framework to develop your nonmarket strategy
Case-based learning
- Reacting to new taxes: Coke and Pepsi in Malaysia
- When industries become the target of activists: Coconuts in Thailand
- Barriers to trade: Rubber gloves and palm oil in Malaysia
- Political leverage: the AirAsia vs. Malaysia Airports dispute
FACULTY BIOGRAPHY
Renato Lima de Oliveira is Assistant Professor of Business and Society at the Asia School of Business (ASB) and research affiliate of the MIT Industrial Performance Center (MIT-IPC). He has a PhD from MIT in Political Economy (M.A. from UIUC, B.A. from UFPE) and his research focuses on state-business relations, particularly in the fields of industrial, innovation, and energy policies. He has worked as a consultant for energy, environment, and politics, including assignments for the Ministry of Energy of Mexico and the World Bank.
RENATO LIMA DE OLIVEIRA
Assistant Professor of Management
International Faculty Fellow at MIT
Areas of Expertise
Political Economy, State-Business Relations, Comparative Politics.
TARGET AUDIENCE
Recent graduates or those considering an MBA
For graduates looking to advance in leadership roles, or those considering an MBA or similar postgraduate degree, get a head start by learning the language of nonmarket strategy.
Mid- to Senior career professionals
For professionals working in risk and strategy-related functions or in leadership roles, gain the confidence to understand and weigh political risks, in order to make better business decisions.
C-Suite, Board Members, and Business Owners
Understand how to better protect your firm from political risk. Develop a broad and encompassing view of your firm’s non-market environment, and sources of risk that can affect the bottom.
TESTIMONIAL
“Leveraging on practical and theoretical cases, this course expanded my perspective on strategies to react and reduce risks from political factors. I highly recommend it.”
GAIN AN EXECUTIVE CERTIFICATE
This course is also part of our Executive Certificate track for ‘General Management’, designed for professionals who wish to gain an in-depth, comprehensive certification of their mastery and understanding of established managerial tools and frameworks for strong process and people management skills.
World-class teaching meets innovation and emerging world expertise
The ASB Iclif Executive Education Center’s open-enrollment courses are designesd for busy professionals to upskill themselves with short, accelerated courses. Each course in our open enrollment program is self-contained and crafted to provide you with the essential knowledge, skills & tools to navigate in today’s complex world. Our course content is developed by drawing on the rigor of our founding parents – Bank Negara Malaysia and MIT Sloan – and combining it with fresh, innovative cases and approaches developed out of emerging trends in Asia and the developing world.
NAVIGATING POLITICAL DYNAMICS IN INTERNATIONAL BUSINESS
July 12, 13
1.00pm – 5.00pm
This course will be offered digitally during 2021, with an option for in-classroom sessions if and when allowed.
