International Business Center Reaffirmed as CIBER
We are delighted to report that the International Business Center in the Eli Broad College of Business at Michigan State University – the office which created and maintains globalEDGE – has been reaffirmed as a “Center for International Business Education and Research” (CIBER) by the U.S. Department of Education for the 2014-2018 grant cycle. MSU has been designated as a CIBER institution since 1990.
Feature of the Month: Global Manufacturing
The manufacturing industry is very important for countries around the world. 14% of those employed around the world work in manufacturing, and the industry accounts for 16% of the world’s GDP. The manufacturing industry relies on cost containment and efficiency, pushing companies to find the lowest cost areas around the globe.
With increasing globalization, companies have many more locations to choose from when expanding, allowing for relatively quick shifts in major global manufacturing centers. Countries that once attracted major manufacturing plants can become very unattractive in as little as a decade. Major reasons for this are increasing wages, changing exchange rates, stagnant labor productivity, and increasing energy costs. These four areas are very important to manufacturers looking to contain costs as they study where to expand or relocate.
Shifts in manufacturing between countries have profound effects on the global economy, impacting employment, policies, and trade. Because of this, countries around the world are constantly working to position themselves to become the future leaders in attracting the manufacturing industry.
Featured Resources
Deloitte: Global Manufacturing Competitiveness Index
The Global Manufacturing Competitiveness Index published by Deloitte provides detailed analysis on the landscape of the international manufacturing industry. This index ranks each country based on its manufacturing power and competitiveness on a global scale. Deloitte breaks down the manufacturing industry into three sub-categories: Aerospace & Defense, Automotive, and Industrial Products. Information on these specific manufacturing segments can also be accessed on the site.
Categories: Transport Manufacturing, Aerospace and Defense, Industrial Manufacturing
PricewaterhouseCoopers: Industrial Manufacturing
PricewaterhouseCoopers provides background information on industry sectors globally. This site includes an up-to-date industry environment description, challenges facing the industry and potential solutions, free downloadable publications including annual reviews, and events.
Categories: Industrial Manufacturing
Featured Academy
Key Industry Drivers of Globalization
The Key Industry Drivers of Globalization module offers a general understanding of issues including: the historical circumstances and the forces that currently drive globalization; the implication of globalization on business in the U.S.; the key drivers for a successful global strategy; and the four basic forces that drive globalization.
Categories: Functions
Global Market Opportunity Assessment
The Global Market Opportunity Assessment module informs one on the following issues: why it is important to assess global market opportunities; how companies conduct market opportunity assessment; what makes market research effective; practical approaches to identifying foreign market opportunities. A sample global market opportunity assessment questionnaire and a case study on Thailand’s growing importance in the global export market are also included in the module.
Categories: Market Research and Entry
globalEDGE Business Beat
Hosted by Tomas Hult
globalEDGE Business Beat Segment 4 Steve Hanson
Originally aired on September 10th, 2014
Tomas speaks with Steve Hanson, Dean and Associate Provost of International Studies and Programs at Michigan State University, they discuss the importance of international engagement at MSU and how the institution continually strives to expand and grow internationally.
globalEDGE Business Beat Segment 1 Charles Hill
Originally aired on October 1st, 2014
Tomas speaks with Charles Hill, Hughes and Katherine Bank Endowed Professor at the Foster School of Business at the University of Washington, they discuss his leading textbook on international business as well as trends seen over the past ten years concerning international business.
