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Global Management

Overview    |    The Earlham Prize    |    $1M Hult Prize    |    Earlhamites    |    Faculty    |    Plan of Study    |    Courses

 

Start Up, Work and Lead in a Globalized World

Global Management students gain knowledge in theory, practice and imagination in experiential activities in our classes. They develop projects for business startups or nonprofits with peers, compete for funding, and implement their ideas in their home countries or locally.

Courses in the major draw on economics, politics, mathematics, and management and organizational psychology. The major, within the framework of an Earlham liberal arts education, supports development of critical and analytical thinking, good written and oral communications skills, and an interest in contributing to the world.

Our faculty have work experience in a variety of countries and advanced academic degrees.  We regularly involve learners in our research.

Highlights

In preparation for our Field Experience Seminar course as well as for future career development, every student does an internship, either here in Richmond, off-campus within the United States, or even abroad.

The Earlham community is extremely diverse with students from over 40 states and almost 80 countries.  We value the different experiences represented in our classrooms and how it enriches our discussions.

About 80 percent of our alumni have completed or expect to pursue master's degree or Ph.D. programs.

Recent graduates have found employment at a wide variety of organizations from First Bank in Indianapolis to the World Bank in Palestine.

The Earlham Prize for Creative Capitalism

Earlham is a place where social entrepreneurship is thriving.

The Earlham Prize for Creative Capitalism is a business plan competition that helps students move their passions, ideas, and ideals from theory to practice through the lens of social entrepreneurship and creative capitalism.

The competition provides a platform for students to transform their ideas into real world business plans.

Teams entered in the 2016-17 competition focused on such diverse issues as food scarcity here in Richmond, educational opportunities for children in Africa and alternative energy sources in Haiti.

Methane -hub

In the inaugural competition, “Methane Hub” earned the first-place prize of $20,000 and office space at the Richmond Innovation Center. The winners are interested in transforming fecal matter into methane, which can then serve as an affordable and environmentally friendly alternative energy source in low-income communities in Haiti.

Magic Bus 2 DSCF2151

Earlhamites Win $1M Hult Prize to Meet Clinton's Urban Spaces Challenge

A team of Earlham College students was awarded $1 million in start-up capital on Tuesday after winning the Hult Prize, the world’s largest student competition for social good. The Earlham project is designed to positively affect 11 countries and millions of people.


Earlhamites in Global Management
Tyrian Robertson
Student Plans Disaster Relief Nonprofit

Tyrian Robertson ’17 sees how the broader world is at work in her life and is inspired to use her skills and abilities to benefit others. After graduation, Robertson hopes to start a nonprofit that helps areas recover from natural disasters.

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Josh Penn
Oscar Nominee

Josh Penn '06 is one of the producers of Beasts of the Southern Wild, a 2013 nominee for an Oscar for Best Picture by the Academy of Motion Picture Arts and Sciences.

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Lena Tchilingarian
Cultivating Philanthropy

Lena Tchilingarian ’05 puts her business and non-profit management degree to use in her native Russia, working for the philanthropic arm of one of the most recognizable brands in the world.

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Our Faculty

Robert Couch
Assistant Professor of Global Management

Jonathan Diskin
Professor of Economics; Co-Director of the Center of Social Justice and Action

Gene Hambrick
Director of the Center of Entrepreneurship and Innovation and Executive in Residence

Rebecca Jestice
Associate Professor of Global Management

Rajaram Krishnan
Professor of Economics

Mark Lautzenheiser
Associate Professor of Economics

Terence Motsi
Assistant Professor of Global Management

Seth Powless
Assistant Professor of Global Management

Cheri Gaddis
Administrative Assistant
Plan of Study

General Education Requirements

The Program offers 10 courses that fulfill General Education Requirements: one course that meets the Abstract Reasoning component of the Analytical Reasoning Requirement — MGMT 100, one course that meets the Quantitative Reasoning component of the Analytical Reasoning Requirement — MGMT 120, two courses that meet the Domestic component of the Perspectives in Diversity Requirement — MGMT 342 and 343, and six courses that meet the International component of the Perspectives in Diversity Requirement — MGMT 321, 322, 324, 372, 373 and 377.

In addition, MGMT 306, 312, 313 and 369 qualify as Research courses, MGMT 341, 361 and 481 qualify as Immersive Experiences, and MGMT 367 is a Writing Intensive Course.

 

The Major

Students are encouraged to begin the Major during the first or second year. This provides flexibility in the student’s schedule to participate in an off-campus program and to develop multinational professional networks among other students in the Program.

The Core:

  • MGMT 141 World of Business
  • MGMT 200 Financial Accounting
  • MGMT 381 Field Experience Seminar
  • MGMT 368 Business Communication
  • MGMT 481 Internship Experience
  • MGMT 488 Senior Capstone Experience
  • One of the following analytical/quantitative courses:
    • MGMT 100 Introduction to Economics
    • MGMT 120 Elementary Statistics
    • MGMT 204 Statistics for Economics
    • PSYC 245 Research Methods and Statistics

Tracks — students also must complete one of the following tracks of three courses:

courses in italics are future courses not yet approved

  • Finance
    • MGMT 305 Econometrics
    • MGMT 330 Money and Capital Markets
    • MGMT 333 Managerial Finance
    • MGMT 382 International Finance
    • MGMT 383 Corporate Valuation
    • MGMT 399 Impact Investing
    • MGMT 307 Behavioral Economics
  • Marketing
    • MGMT 309 Consumer Behavior
    • MGMT 3XX Marketing Strategy
    • MGMT 3XX International Marketing
    • MGMT 354 Entrepreneurial Marketing
    • MGMT 361 Social Media and Marketing
  • International Business
    • MGMT 282 Introduction to Global SCM Management
    • MGMT 313 Social Entrepreneurship
    • MGMT XXX Introduction to International Business
    • MGMT XXX International Marketing
    • MGMT XXX International Finance
  • Leadership and Change
    • MGMT 211 Leadership: Theory & Practice
    • MGMT 312 Leadership and Change
    • MGMT 342 Leadership and Dealing with Differences
    • MGMT 343 Conflict Resolution
  • Social Entrepreneurship and Social Change
    • MGMT 3XX E-novation Lab
    • MGMT 313 Social Entrepreneurship
    • MGMT 325 Nonprofits and Civil Society
    • MGMT 354 Entrepreneurial Marketing
    • POLS 355 Politics of the Developing World
    • MGMT 399 Impact Investing
  • SCOM/MIT
    • MGMT 240 Transportation and Logistics
    • MGMT 282 Introduction to Global SCM MGT
    • MGMT 361 Social Media and Marketing
    • MGMT 367 Information Technology in the Modern Business World
    • MGMT XXX Management Information Technology

 

The Minor

Earlham graduates, whatever their majors, frequently pursue careers that move them into management positions. By taking Global Management as a minor, students in any major can develop an understanding of how to work and lead in an organization.

Students minoring in Global Management must complete these courses:

  • MGMT 141 World of Business
  • MGMT 200 Financial Accounting
  • MGMT 240 Leadership Skills and Development
  • Two additional upper-level MGMT courses
Courses

* Key

Courses that fulfill
General Education Requirements:

  • (A-AP) = Arts - Applied
  • (A-TH) = Arts - Theoretical/Historical
  • (A-AR) = Analytical - Abstract Reasoning
  • (A-QR) = Analytical - Quantitative
  • (D-D) = Diversity - Domestic
  • (D-I) = Diversity - International
  • (D-L) = Diversity - Language
  • (ES) = Earlham Seminar
  • (IE) = Immersive Experience
  • (RCH) = Research
  • (SI) = Scientific Inquiry
  • (W) = Wellness
  • (WI) = Writing Intensive
  • (AY) = Offered in Alternative Year

*MGMT 100 INTRODUCTION TO ECONOMICS (3 credits)
This course introduces students to the 'economic way of thinking.' It focuses on micro and macro issues and attempts to give the student a way to apply these concepts in different historical, political, social, global and ethical contexts. Macroeconomic topics include aggregate economic measures, income determination and macro policy. Micro topics include marginal and cost-benefit analysis as applied to consumers and firms, market structures, income distribution, market failures and the role of the state in a micro context. Also listed ECON 100, INST 100 and PAGS 100. (A-AR)

*MGMT 120 ELEMENTARY STATISTICS (3 credits)
Topics include exploratory data analysis; measures of central tendency, dispersion and correlation; nonparametric methods; confidence intervals; hypothesis tests; and the design of statistical studies. Also listed as MATH 120. (A-QR)

MGMT 141 WORLD OF BUSINESS (3 credits)
This course introduces concepts, theories, information and issues that impact business. It investigates the role of functional business units and the cultural, economic, legal and geopolitical influences on business. Students also examine the nature of business decisions across such functional areas as human resources management, finance, accounting, marketing and operations management.

MGMT 200 FINANCIAL ACCOUNTING (3 credits)
An introduction to the construction and interpretation of financial statements, valuation of assets, financial ratios analysis, and the construction and use of budgets for decision making.

MGMT 203 INTRODUCTION TO HUMAN BEHAVIOR IN ORGANIZATIONS (3 credits)
In what type of organization do you want to work for your internship or career? What are the differences among businesses, government agencies and nonprofit organizations? Investigates organizations from different perspectives and levels of analysis. Appropriate for second semester first-year students, sophomores and juniors. Prerequisite: ESEM 150 Earlham Seminar.

MGMT 204 STATISTICS FOR ECONOMICS (3 credits)
This course will help students understand the underlying logic of empirical work in economics. The topics we will deal with include descriptive statistics, discrete and continuous probability distribution functions, sampling distributions, confidence intervals, hypothesis testing and regression analysis. The course also helps students gain familiarity in using some popular and commonly used computer/statistical packages. Also listed as ECON 204.

MGMT 206 INTRODUCTION TO INFORMATION SYSTEMS (3 credits)
This course provides an introduction to the structure and use of information systems in organizations. An information system collects, processes, and disseminates information in order to provide feedback and support for organizational functions. Many organizations today rely on information systems to help achieve organizational goals and mission. This course will give students an understanding of technology within organizations, the role and application of information systems, their limitations and benefits, and how they may impact stakeholders. Prerequisite: completion or concurrent registration in MGMT 203.

MGMT 211 LEADERSHIP: THEORY & PRACTICE (3 credits)
In this seminar on leadership students will survey, critique and discuss leadership theory, research and practice. Students will complete exercises to develop and understand individual leadership skills and aspirations. Students also will explore links between the leadership and other organizational issues such as motivation, learning and organizational culture.

MGMT 221 SUPPLY CHAIN AND OPERATIONS MANAGEMENT: AN INTRODUCTION (3 credits)
This course focuses on introductory supply chain and operations processes and performance. Designed for students interested in consulting, positions in operations, marketing, or supply chain, the course introduces key global supply chain concepts and basic tools for effective supply chain management. Topics for exploration include global supply chains, retail logistics, and contemporary supply chain innovations.

MGMT 306 ENNOVATION LAB (3 credits)
This course is designed to be a real-world business (for-profit and not-for-profit) incubator for students to transform their ideas from theory to practice by using ideation, project management and business modeling skills. The course is designed around a team-based and project-based teaching method. Students participate in selection and design, investigation and data collection, analysis, and presentation of  a research project. (RCH)

MGMT 307 BEHAVIORAL ECONOMICS (3 credits)
This course examines how behavioral economics studies effect decision making within different contexts. Decision making will be studied at the individual, organizational and policy levels. A significant portion of the course will be devoted to studying how decision making from a behavioral economics perspective contrasts with the traditional approach. Topics will include methodology, uncertainty and prospect theory. Also listed as ECON 307. Prerequisite: ECON 100.

MGMT 309 CONSUMER BEHAVIOR (3 credits)
This course investigates consumer and organizational buying motives, buying influences, and buying decision-making processes and their implications for marketing strategies and public/social policy. Students explore cross-cultural, ethical and research issues in understanding consumer and industrial/organizational buying.

*MGMT 312 LEADERSHIP AND CHANGE (3 credits)
This course focuses on theory and practice of leading change at a variety of levels, but with special emphasis on the organizational level. Through readings, discussion and projects we will examine organizational dynamics and explore the larger environmental factors that impact leading and managing change in effective organizations. You will have opportunities to reflect on your future work as leaders and agents of change. Prerequisites: Sophomore standing and MGMT 141. (RCH)

*MGMT 313 SOCIAL ENTREPRENEURSHIP (3 credits)
Social entrepreneurs approach social change by creating organizations for the social good. These can be nonprofit or for profit organizations. We will learn about successful and unsuccessful models and outcomes of social enterprises, then complete a project putting what we’ve learned in to action. This is an experiential, project-based course. Prerequisites: Sophomore standing, MGMT 141 and MGMT 200. (RCH)

*MGMT 321 NONPROFITS IN CIVIL SOCIETY (3 credits)
This course takes a comparative look at the development of non-governmental organizations (NGOs) in developing or emerging economies and states. The effect of international NGOs and other external funding sources on local organizations and of local organizations on the external organizations is considered. The course considers the design of strategies for alleviation of poverty and the effect of class on NGO organization and beneficiary organization. Provides experience in grant writing and identification of appropriate funding sources. Prerequisite: MGMT 203 or consent of the instructor. (D-I) (AY)

*MGMT 322 GLOBAL CHANGE I: CLIMATE POLICY (3 credits)
The first in a two-course sequence on global change. Examines the climate crisis, providing a multidisciplinary examination of the anthropogenic causes of climate change, the potential impacts on human society, and potential mitigation strategies (e.g., tax policy, sustainability efforts, urban planning, agricultural reform). Also listed as POLS 322. (D-I) (AY)

*MGMT 324 GLOBAL CHANGE II: ENERGY POLICY (3 credits)
The second in a two-course sequence on global change. Examines the energy crises, providing an in-depth consideration of the ongoing economic crisis resulting from the problem and investigating a broad range of technical and policy alternatives to solve the problem. Also listed as POLS 324. (D-I) (AY)

MGMT 330 MONEY AND CAPITAL MARKETS (4 credits) 
An examination of the structure and operations of the commercial banking system and other financial intermediaries including the stock market and markets for other financial assets, theories of predicting the behavior of stock prices, principles of portfolio selection, and the impact of monetary policy and regulatory agencies on financial markets. Prerequisite: ECON 100. Also listed as ECON 330. (AY)

MGMT 333 MANAGERIAL FINANCE (4 credits) 
Examines the principles governing the acquisition and management of the financial resources of the firm. Special emphasis on determining the cost of capital, optimal capital budgets and capital structure, and dividend policy of the corporation. Prerequisites: ECON 100. Also listed as ECON 333.

MGMT 334 STRATEGIC ANALYSIS AND ACTION (3 credits)
Using case studies of businesses and not-for-profits, examines the broadest and most fundamental questions confronting organizations. Examines principles of internal organization, criteria for selecting among alternative options and the relationship of the organization to its external environment. Explores pricing and promotion of products and services, along with broader social, legal and ethical implications of the organization's activities. Prerequisite: MGMT 200 and 203 or consent of the instructor.

MGMT 341 LABOR ECONOMICS (4 credits) 
An examination of labor, both in the formal labor market, and more generally as human productive activity. Topics include the theories of wage determination, the development and impact of trade unions, and analysis of major legal and economic issues relating to the structure and functioning of labor markets. Special attention to issues of equity, relationship and discrimination in formal labor markets and the household. Prerequisites: MGMT 100, or consent of the instructor. Also listed as ECON 341. (IE)

*MGMT 342 LEADERSHIP AND DEALING WITH DIFFERENCES (3 credits)
Develops skills in engaging differences in diverse groups, helping students become effective members of multicultural teams. Through discussion of leadership theories, exploration of personal values and abilities, experiential exercises, and graduate-level case studies, participants enhance their own understanding of leadership and their roles in teams. Prerequisite: MGMT 203 or consent of the instructor. (D-D)

*MGMT 343 CONFLICT RESOLUTION (3 credits)
Examines the problem of conflict in social theory and practice. Readings introduce types of alternative dispute resolution. Students practice mediation and negotiation skills through simulated conflicts. Race, class and gender perspectives are presented in class activities, readings and films. Also listed as PAGS 343. (D-D)

MGMT 348 INTERNATIONAL TRADE (4 credits) 
Through a combination of theoretical frameworks and real world applications, attempts to develop a broad understanding of micro and macro issues in the area of international economics. Deals with issues related to the logic and critique of free trade, tariffs and quotas, exchange rate determination, balance of payments, open economy macro policy, stabilization policy and the role of international institutions in international trade. Prerequisites: ECON 100. Also listed as ECON 348 and INST 348. (AY)

MGMT 349 AFTER THE REVOLUTION AND DURING REFORM: COMPARATIVE PUBLIC MANAGEMENT AND ORGANIZATION (3 credits)
Examines key issues in public and development administration in several countries, including reforms after revolutions, decentralization, and privatization, and the challenges of reaching the poor. Compares and contrasts the scope, the political context in which public agencies operate, and management of public organizations in defining and implementing public policy. Prerequisite: MGMT 203 or consent of the instructor. (AY)

MGMT 354 ENTREPRENURIAL MARKETING (3 credits)
The course is designed for students that are interested in the area of enrepreneurialism and have a passion for entrepreneurship outside of a "traditional" business field. The learning will be a mix of interactive lectures, experiential learning, small group activities and co-created learning opportunities. Prerequisites: MGMT 200 and MGMT 203.

MGMT 361 SOCIAL MEDIA AND MARKETING (3 credits)
Students may have liked their favorite brand or non-profit on Facebook, followed them on Twitter, and watched their videos on YouTube. Why? What do businesses and non-profits expect to gain from the use of social media? This course examines the use of social media as a marketing and communication tool. Using readings, case studies, current events and a marketing project, students will understand introductory topics in marketing and the benefits and implications of using social media for marketing and communications as well as potential effects on stakeholders. (IE)

MGMT 362 INTERNATIONAL FINANCE (3 credits)
This course analyzes international markets and risks from the perspective of investors, managers, regulators and other stakeholders. Key topics include exchange rates, capital flows, risk analysis and management, valuation, and private-public partnerships. Topics are studied in real-world contexts through case studies, current events, and collaborative research projects. Prerequisite: either MGMT 141, MGMT 200, MGMT 240 or PSYCH 245. Also listed as ECON 362 and INST 362.

*MGMT 367 INFORMATION TECHNOLOGY IN THE MODERN BUSINESS WORLD (3 credits)
This course examines the role and integration of information technology in the contemporary world. Mediums include laptop and desktop computers, mobile devices, drones, robotics, and an array of applications. Students will examine, research, and compose critiques on the emergence of information technology in everyday life, examining how IT permeates business, social lives, and the cultural implications of this growing technology dependence. Prerequisite: Sophomore standing. (WI)

MGMT 368 BUSINESS COMMUNICATION (3 credits)
This skills-based business communication course equips students to effectively make oral presentations alone and in teams, lead meetings, and write for a business audience. Students will learn how to create a sensory experience in their oral presentations, while clearly presenting information, facts and data. Students will practice writing concise summary reports and adopt acceptable business conventions for various correspondence mediums. Prerequisite: Sophomore standing.

*MGMT 369 CORPORATE VALUATION (3 credits)
In this course, students learn financial analysis by writing an in-depth report of a particular corporation of their own choosing. By building a financial model, applying it to a real-time data, and comparing their analysis to real-world analysts, students learn the methods, joys and challenges of financial valuation. Prerequisite: MGMT 200. (RCH)

*MGMT 372 INTERNATIONAL LAW: SOVEREIGNTY, HUMANITARIAN LAW AND HUMAN RIGHTS (4 credits)
Surveys concepts and theories of international law and treaty interpretation, focusing on problems of the international law of war and peace (international humanitarian law), and questions of socio-political justice (human rights). Prerequisites: POLS 107 or consent of the instructor. Also listed as PAGS 372 and POLS 372. (D-I) (AY)

*MGMT 373 INTERNATIONAL LAW: ENVIRONMENT AND DEVELOPMENT (4 credits)
Surveys concepts and theories of international law and treaty interpretation, focusing on environmental problems and policy-making in the global arena. Topics include the emergence of “the environment” as an issue, managing global common property resources, and sustainable trade and development. Prerequisite: POLS 170. Also listed as ENST 373 and POLS 373. (D-I) (AY)

*MGMT 377 POLITICS OF GLOBAL INEQUALITY (3 credits)
Explores the problem of global inequality, its implications for human development and possible solutions. Builds on concepts from International Political Economy and Comparative Politics. Defines inequality and development, and discusses how to measure these phenomena. Explores competing explanations for the existence and persistence of global inequality, and tackles issues important in the developing world. Prerequisite: POLS 104, 105, 107, 170 or consent of the instructor. Also listed as POLS 377. (D-I) (AY)

MGMT 381 FIELD EXPERIENCE SEMINAR (2 credits)
Integrates issues from field experiences with research in social sciences, readings and cases in career development and ethics in preparation for future work settings. Prerequisites: MGMT 200 and 203, completed internship.

MGMT 481 INTERNSHIPS, FIELD STUDIES AND OTHER FIELD EXPERIENCES (1 credit)
Students must complete an internship form approved by a member of the Program faculty before beginning the internship. There are assigned reports to be submitted during the internship. (IE)

MGMT 482 SPECIAL TOPICS (3 credits)
Selected topics determined by the instructor for upper-level study.

MGMT 483 TEACHING ASSISTANTS (1-3 credits)

MGMT 484 FORD/KNIGHT RESEARCH PROJECT (1-4 credits)
Collaborative research with faculty funded by the Ford/Knight Program.

MGMT 485 INDEPENDENT STUDY (1-3 credits)
Students conduct independent research with faculty on topics in Business and Nonprofit Management.

MGMT 488 SENIOR CAPSTONE EXPERIENCE (3 credits)
Examines issues related to organizations, industries, and the socio-cultural, political and economic context in which they operate. Components of the course constitute the comprehensive assessment for the major.