The Short program
Contemporary International Business: Challenges, Disruptions, and Innovation
After a relatively long period of stable ‘rules of the game’ for business since 1945, the template of increased openness, international trade, and globalization is challenged on a number of accounts. Multinational (and domestically active) corporations face changing conditions and have to respond in novel, innovative ways.
This Program will introduce participants to the “new world” of international business and, with the help of scholars at the research frontier and study visits to leading multinational corporations, be given the opportunity to reach deeper insight into contemporarily pressing issues like:
- Strategic management, organization, and business models in a changing geopolitical situation and a semi-globalized world (Ghemawat, P. (2007). Why the world isn't flat. Foreign policy, 54-60), where asymmetries are still generated by nation states, regions, culture and income levels
- The effects of digitalization, the emergence and activities of “Matchmaking multisided platform firms”, and financial innovations on society and international corporations
- The effects of the imminent shift in the world’s energy supply from fossil fuels to renewable sources on society and businesses.
- The challenges and opportunities of increased customer concern with sustainability along an increasing number of dimensions, and a growing cynicism among the young regarding the intentions, practices and legitimacy of large multinational corporations, not seen since the 1970s.
- The promises and challenges of increased migration: how are nations and multinational corporations able to integrate, benefit from, and leverage ‘competence that votes with their feet’?
The Program will be held for the first time in Stockholm, Sweden, with study trips to company headquarters and production facilities in March or May 2018. Sweden is a member of the EU and an especially suitable location for this type of program, as the country is a small open economy forced to respond to changes in the political and business environment, and home to a disproportionate number of large, successful multinational corporations. The links with the USA have, especially in the post-war era, been strong and many prominent Swedish engineers, founders of corporations, managers, and scholars have been educated in and inspired by the US.