Global rules of the game
Global Rules of the Game looks at the rules, norms and laws that shape the global economy, including international institutions and agreements as well as differences and disputes across countries that influence or constrain business opportunities. Topics include: trade and tax laws, intellectual property laws, anti-corruption agreements and national laws, trade agreements, and climate change agreements.
These topics are covered in the core courses of the MBA, but in the Global Rules of the Game module, students will be encouraged to question them more deeply. Who sets the ‘rules’ in the first place? Who is allowed to be around the table and whose interests are being taken into account? How do we create and maintain new rules as new markets emerge? The module will draw on expertise from across the University to give students insights into the mechanisms of business-government relations, stakeholder engagement, and reputation management.
The module starts with a three-hour role-playing game looking at intellectual property in the pharmaceutical industry, highlighting the interaction of government action and business outcomes. It will also connect with discussions in the Responsible Leadership integration module as it addresses issues such as access to medicine. This will be followed by a series of expert lectures delivered by faculty and business leaders on significant areas where global rules shape business activity, are defined in multiple arenas and are currently debated. Subjects include:
• Taxation issues for multinational corporations
• Financial markets regulation and self-regulation
• Intellectual property rights
• Net neutrality or privacy in a digital world
• Labour standards and/or environmental standards for multinational corporations
• Outsourcing of state functions and the role of multinational companies: private military companies, public service companies, etc.
The module will conclude with a second simulation that draws on scenario based learning to help students reflect on implications of rules and institutions, and how to operate in circumstances where these are complex and uncertain.