As the world recovers from the Great Recession of 2008, the worst financial crisis since the early 20th Century, the globalization of business continues. This issue of the Baylor Business Review delves into current issues facing companies in a post-economic recession, globalized business world through the unique perspectives of Baylor Business professors, students, alumni and friends.
A routine chat tipped off Hankamer School of Business Professor Les Palich that China’s rocketing pace of economic expansion was about to cool off. About two years ago, he received a call from a colleague who was spending several weeks in the port city of Shanghai, as he does each year. The friend reported noticing a decline in freighter traffic from his spot overlooking the bay. “He said he had been there for five weeks and it was very clear that traffic was significantly lighter,” recalls Palich, who holds the Mrs. W. A. Mays Professorship in Entrepreneurship. “Not too long after that call, things really started slowing down in China.”
After leaving Baylor, alumni scatter all over the world to pursue their dreams. From Western Europe to the Middle East to South America, former Baylor Business students continue to “fling [their] green and gold afar.” We reached out to four alumni who moved abroad for business to evaluate their experiences outside of the U.S.
There has been a great deal of chatter over the last few years about whether International Financial Reporting Standards, or IFRS, are going to become the official standards of the United States. The whims of politics, though, have rendered the eventual decision of the Securities and Exchange Commission (SEC) a little less certain than it seemed a decade ago. Such is the effect of changes in leadership and the appetite for additional reporting changes after those wrought by the rule making activities following the 2008 financial meltdown.
Growing up in Nigeria, Sunkanmi Agbomeji knew he wanted to do one thing: change lives. At first, he thought he would do it by becoming a medical doctor. After graduating from medical school, his plans began to evolve, and although his path was unclear, his goal was not. He continued to help people. He just found several new ways to do so.
Awareness of current global events, once a casual office luxury, has evolved into a daily necessity for the successful business leader. Can you monitor your supply line? Will political unrest threaten a planned factory?
Here are a few pointers to help maximize your global connection.
A little more than 20 years ago, a revolutionary but controversial trade agreement was signed into law. The North American Free Trade Agreement (NAFTA), eliminated tariffs and other trade barriers among the United States, Canada and Mexico. Orchestrated by former President George H.W. Bush, Mexican President Carlos Salinas and Canadian Prime Minister Brian Mulroney, NAFTA created the world’s largest free trade area.
The Baylor Business School has had many homes on campus since its founding more than 90 years ago. As the Hankamer School of Business continues to grow in size and prestige, the School’s home has grown to help foster innovation and learning.
Human resource (HR) managers working for multinational companies here and abroad face common issues that cross country borders. The most pressing concerns are hiring, engaging and retaining the right talent.
The most recent summer in senior Daniel Lin’s life could be mistaken for an episode of television’s “Amazing Race,” where teams trek around the globe to complete tasks and win prizes. In about eight months, Daniel went from the United States to Germany, then traveled to the Netherlands to arrive in Suriname.
The proliferation of industrial and economic espionage incidents reported in the news media sound wickedly sophisticated and dizzyingly complex. With increasing, nearly daily, frequency we read about crippling denial of service attacks, instances in which millions of customer records are swiped and estimates of billions of U.S. dollars lost to pilfered intellectual property (IP). It’s easy to picture Lex Luthor-esque hackers hunkered over keyboards in their high-tech lairs. But many of these accounts, not to mention our imaginations, are misleading, according to the world’s leading cybersecurity experts.
Catch up on the latest news from Baylor University’s Hankamer School of Business. Numerous gifts were made to support the Paul L. Foster Campus for Business and Innovation. The Executive MBA program is ranked internationally by Financial Times. The Entrepreneurship program was ranked fifth in the nation by the Princeton Review and Entrepreneurship magazine. Read more to learn what else is going on in the Hankamer School of Business.