Graduate Certificate in Global Business
Global cultural agility, intercultural communication and leading across countries and cultures are 21st century foundational leadership skills. Build your global mindset and cultural competence to successfully manage in multinational business environments with diverse market, economic and political systems. Experience global business directly by travelling with a group of fellow professionals on one of our short-term study abroad experiences.
Part-time graduate certificate program
- Evening courses designed for working professionals
- Complete at your own pace taking one or more courses per term
Graduate Certificate in Global Business
The Graduate Certificate in Global Business provides:
- A program developed and delivered in partnership with global business professionals
- Part-time study with flexible enrollment options to match your pace and schedule
- Short-term study abroad component
- Elective courses designed to build your professional effectiveness in global contexts
- In-depth options in global finance, marketing, economics and business law
- Option to apply graduate certificate credits to a St. Thomas Flex MBA degree
Curriculum and Course Descriptions
12 credits total
Required Courses (6 credits)
Today, companies have a variety of choices when deciding where to locate different value-creating activities. This course explores the opportunities and challenges associated with conducting business in a global context. The goal is to provide the foundations for understanding the external global environment facing a multinational enterprise (MNE) and the internal challenges of managing an MNE. Specifically, we will examine the following topics: the forces behind globalization; the different cultural, political, legal and economic environments in which global businesses operate; the tradeoffs between global and local strategies; the alternatives available for coordinating activity in an MN;, and the unique challenges involved with managing people in a globally dispersed organization.
*Students may choose from approved MBA or graduate-level study abroad courses which are led by St. Thomas faculty. Offerings vary each academic year and are often offered as J-term courses. Examples of recent courses include:
- MGMT 753 Global Risk Leadership (Scandinavia)
- FINC 752 Global Financial Services (China)
The global financial services industry transcends national boundaries and includes hundreds of multi-national financial companies in the fields of commercial banking, investment banking, insurance, real estate, investments and asset management, financial advising and consulting, brokerage and trading services, capital market listing companies, and related marketing and communication services. By some measures, it has grown to become the largest industry sector in the world, representing approximately 30% of global business enterprise and the global economy. This course is designed to blend theory and practice regarding the structure and markets of global financial services. Expert presenters in each location will present topics such as investment banking, commercial banking, investment theory and practice, institutional wealth management, insurance, risk management, real estate and other real assets, custodial and transaction processing, political risk, social environment, regional economics, and currency and monetary policy. Emphasis on the global market will provide students with a broad perspective of the global economy and its interrelationships. The January 2014 course will be located in Hong Kong and Shanghai, China.
- MKTG 714 Emerging Markets (Latin America)
This elective will examine frameworks, strategies and practices for marketing in the emerging markets of South America. As with all marketing strategy, we will analyze contextual factors related to political, economic, social/cultural and technological aspects of life and business in Argentina and Brazil (aka PEST analysis). We will further examine how these contextual factors impact marketing strategy and implementation. We will discuss which aspects of marketing in South America are applicable to other emerging markets (vs. unique to South America) and will compare them to marketing practices in the United States. You will improve your skills in critically analyzing and evaluating market situations and making marketing decisions in emerging markets through on-campus class sessions and a trip to Argentina and Brazil.
- MKTG 714 Marketing in a Mega Market (India)
Today, India is at cross-roads. While it has emerged as a powerful economic player on the world stage over the past few years, it also faces many challenges as it looks to shape its future as the second-largest world economy by 2050. As a country, India is a very intriguing place. It is the world’s largest democracy and home to roughly a fifth of the world’s total population. As a business destination, it is a challenging place given its geographical and cultural diversity. Our class aims to make sense of India as a mega-market from a marketing and business strategy standpoint through our readings and case discussions, as well as imbibe its intensity and diversity as a nation and a business destination by spending time in India in January 2016.
Elective Courses (3 credits)
Develop an understanding of global macroeconomic conditions and markets in order to evaluate the current economic environment for business and financial decision making. Concepts covered include: determinants of the level of national income, employment, investment, interest rates, business cycles, inflation, exchange rates, managing exchange rate exposure, and current global economic and finance developments and issues.
A critical examination of the current finance and economic crises and issues faced by specific countries and the global financial system as a whole. We will study the causes, consequences and implications of such issues and formulate appropriate policies to prevent or mitigate such issues. The specific topics of this course may vary from year to year depending on the current global finance issues, but will not duplicate existing courses.
This course will provide an overview of the concepts and tools required to understand and evaluate market opportunities in specific global environments. In addition to readings, cases and lectures, the primary project for the course will be the development of a plan for international expansion, based primarily on the analysis and use of secondary sources.
You will explore, study and research the important issues, theories and practices in international marketing. The topics of this course include: the international marketing environment, scope, theory, ethics, marketing mix and strategies, as well as international trade and investment.
Develop a foundation and framework for understanding the national, multilateral and international legal issues confronted by the multinational enterprise (MNE). You will examine the legal and regulatory environment associated with conducting business across national borders including international trade and commercial transactions. Legal topics, explored in the context of their impact on managerial decision making and business strategy, will include: international trade, mechanisms for effectively resolving international business disputes, legal issues impacting market entry and expansion strategies (trade, intellectual property licensing and foreign direct investment), regulation of the market place, and compliance.
Professional Effectiveness Courses (3 credits)
Many of the key opportunities and challenges for businesses today and in the future center on people from different cultures and backgrounds working together as co-workers, employees, managers, suppliers, customers and strategic alliance partners. You will gain knowledge and skills to manage intercultural and diverse synergies and challenges on interpersonal and organizational levels in order to improve outcomes, including: market penetration, employee engagement, customer loyalty, work climate, job satisfaction and the bottom line. National cultures, subcultures and domestic cultures, as well as human diversity and the ethical implications of managing across cultures, are considered. The course is designed for general managers. Specialists in strategy, management, leadership, human resources, marketing and entrepreneurship may find this material especially salient.
Businesses increasingly use teams to get work done at all levels of the organization, but often teams are not managed effectively. This course examines when teams are the right choice (and when they are not), how to be an effective team member and leader, and how to diagnose and solve common team problems. You will also examine how teams operate under special circumstances, e.g., cross-functional, temporary, global, and distributed (or virtual).
This course provides key insights into the various negotiation situations that are encountered in the business world. You will learn the techniques which best apply in dealing with the multitude of negotiation situations encountered in the workplace. Extensive use of in-class negotiations and case studies will build your negotiation skills, beginning with one-on-one negotiations and concluding with large group negotiations. Mock negotiations will be conducted each week. A few classes will focus on special negotiation skills, including international negotiations and salary negotiations. You will be offered the opportunity to practice your negotiation skills in both buyer and seller roles.