AIB Newsletter V OL

AIB Newsletter V OL. 7, NO . 3 T HIRD Q UARTER 2001 Conference Details from Sydney

his year’s AIB Conference in Sydney, Australia will be held in the summer—Australia-time, November 16-19. Attendees can look forward to The AIB would like to express Tsome fun times in the land down under. its heartfelt sympathy for the victims and their loved As part of this year’s Conference, we at host school AGSM have organised a ones of the tragedies of wide range of events that will give you a taste of Australian culture and cuisine, a September 11, 2001. chance to explore some of Sydney’s highlights and an opportunity to "go bush" in the surrounding areas. There will be lots of activities in store for you on the first We hope that all AIB day of the Conference. You can book most of these activities through the AGSM members will do what they can conference website www.aib.agsm.edu.au. If you want to do these activities on to help end terroristic acts another day, the contact details are provided in the descriptions of "Things To Do around the world. When You Arrive" (page 6), so you can book them directly for the day of your choice. Additionally, we’ve included information about other things you might want to include in your itinerary. All prices listed are approximate and in Australian dollars. We will be keeping this information up-to-date on our web site, so check there regularly. Sydney 2001 and Puerto Rico 2002 Read on for a brief summary of what’s in store for you in Australia. hotel and meeting Conference Events registration information is Official Opening Reception of the AIB Conference available under EVENTS at The Presidential Reception on Friday evening will be a wine tasting, spon- www.aibworld.net sored by Southcorp Wines. Australian wines enjoy an enviable reputation for quality and Southcorp owns some of the best and most recognisable wines in AIB Newsletter is published quarterly by the Australia. Delegates will enter a "wine tunnel" where they can taste some of the Academy of International Business varieties of wines available from all over Australia and talk with wine makers Secretariat. For information, please contact: ...Continued on Page 6 James R. Wills, Jr., AIB Exec. Secretary or Laurel King, Managing Director, I N S I D E T H I S I S S U E 2404 Maile Way, The second issue of University of Hawai‘i, CBA C-306, AIB 2001 1 Honolulu, Hawai‘i 96822 U.S.A. AIB Insights is here! Tel: (808) 956-3665 ¥ Fax: (808) 956-3261 Included in this issue President’s Letter 2 E-mail: [email protected] Member Updates 4 www.aibworld.net are articles by Nancy Newsletter Staff: InsightsAdler, Sam Antrobus, AIB Insights 11 Layout - Eric Fong Chapters 23 Editing - Karen Iwamoto David Ricks, and Allan Bird. Announcements 25 Copyright © 2001 See page 11. Advertisements 27 Academy of International Business Membership Forms 30 ISSN: 1520-6262

AIB Newsletter - Third Quarter 2001 1 EXECUTIVE BOARD President Stephen J. Kobrin L e t t e r f r o m t h e P r e s i d e n t Wharton School University of Pennsylvania Dear Colleagues: Immediate Past President The AIB lost a wonderful colleague and friend when Steve José de la Torre The Anderson School at UCLA Guisinger died unexpectedly of complications following sur- Vice President - 2001 Program gery on July 3rd. Steve, who was a Professor of International Bernard Yeung Management at the University of Texas at Dallas, made major Stern School, New York University contributions to both scholarship and policy. (A more complete Vice President - 2002 Program obituary can be found on the next page.) He was a mentor to Lorraine Eden Mays College, Texas A&M University countless students from all over the world and will be sorely Vice President of Administration missed, but not forgotten. Steve had an all too rare ability to Daniel Van Den Bulcke take his work and his students very seriously, but to look at him- University of Antwerp - RUCA self and the world around him with a wonderful sense of humor Executive Secretary and playfulness. We will pay tribute to Steve Guisinger in AIB President James R. Wills, Jr. Sydney. University of Hawai‘i at Manoa Stephen J. Kobrin Our Annual Meeting is shaping up as an extraordinary CHAPTER CHAIRPERSONS -South Africa Chapter- event. AIB Vice-President Bernie Yeung reports a total of 456 submissions, up almost 40% Cyril V. Francis, University of Pretoria from our very successful 2001 Phoenix meeting. Our strategy of meeting in diverse geo- -Japan Chapter- graphic locations is paying off, as 54% of the submissions are from scholars located outside Masataka Ota, Waseda University of the United States reflecting the very global nature of AIB. (Twenty-four percent are from -Korea Chapter- Europe, 17% from Asia and the Pacific and 12% from Australia and New Zealand.) Over 300 Dong-Kee Rhee Seoul National University people will be involved in the meeting as presenters, discussants, and session chairs. -Pacific Basin Chapter- Sydney is one of the world’s great cities, combining a very cosmopolitan and modern Aspy P. Palia University of Hawai‘i at Manoa ambience with great natural beauty and access to some of the worlds finest beaches. Tim -Southeast Asia Chapter- Devinney and Anne Fitzsimmons of AGSM, our host school, have put together an exciting T.S. Chan program of special events including pre-conference tours (a climb of the Harbour Bridge for Lingnan University, Hong Kong the more adventurous), a wine tasting as an opening event and a final gala dinner at the -Western Europe Chapter- J.J. Duran Herrera Sydney Town Hall. I hope to see all of you in Sydney at the meetings in November. Please Universidad Autonoma de Madrid take a minute to check out their meeting web site at www.aib.agsm.edu.au. It contains a great -United Kingdom Chapter- deal of information about the Sydney region and the meeting itself. Registration details are on James H. Taggart University of Glasgow the AIB website at www.aibworld.net. -Canada Chapter- The most important task that the AIB Executive Board has undertaken this year is to select Terri R. Lituchy, Concordia University an Editor for JIBS, as Tom Brewer’s term ends on June 30, 2002. We have completed a very -Midwest USA Chapter- thorough and deliberate selection process and we are pleased to announce that Arie Lewin, Stewart Miller Michigan State University who is Professor of Business Administration and Sociology at the Fuqua School at Duke -Northeast USA Chapter- University and Director of the Duke CIBER will be the next Editor-in-Chief of JIBS, begin- Rajib Sanyal ning his three year term on July 1st. Arie has already begun the transition process, and has The College of New Jersey named five Associate Editors including Donald Lessard of MIT, Tamer Cavusgil of Michigan -Southeast USA Chapter- Robert D. Goddard, III Sate, Lary Fahr of HUST, Joan-Enric Ricart of IESE and Henk Volberda of Erasmus. Appalachian State University As many of you are aware, the 2002 AIB Annual Meeting will be held in Puerto Rico -Southwest USA Chapter- Syed Tariq Anwar from June 28th to July 1st. AIB Vice-President Lorraine Eden is hard at work putting togeth- West Texas A&M University er the program and events. The Executive Board has decided to make this move to early sum- -Western USA Chapter- mer permanent and the 2003 Annual Meeting will be held in the United States in late June or “Ram” Sundaresan Ram early July. We will make the final site selection at our fall Board meeting in Sydney and Thunderbird announce it shortly thereafter. -Chile Chapter- Carlos Fuentes I speak for the entire Board in asking that everyone share any thoughts, suggestions or Universidad Gabriela Mistral ideas with any of us at any time. AIB is a truly global organization with our members spread JOURNAL OF INTERNATIONAL throughout the world. However, the Net allows all of us to be in instant communication and BUSINESS STUDIES we urge you to get in touch with any or all of us by any means. Thomas L. Brewer, Editor Georgetown University Catherine Langlois, Deputy Editor Regards, Georgetown University EXECUTIVE SECRETARIAT Laurel King, Managing Director

2 AIB Newsletter - Third Quarter 2001 president’s letter In Memory of Stephen Guisinger JIBS - New Editor January 14, 1941 - July 3, 2001 Steve Guisinger, long-time member of the Academy of Arie Lewin, Fuqua School, International Business and professor of international management at Duke University and the University of Texas at Dallas, passed away on July 3 of this year. Director of the Duke CIBER His energetic support of the AIB and his presence at the annual meetings will be dearly missed by all. Steve was a friend, colleague and an rie Lewin is a very able scholar and inspiration to all who knew him. has demonstrated success as the AFounding Editor of Organizational Steve died unexpectedly of a heart attack while undergoing sur- Science, building it into a major and widely gery for stomach cancer. He was 60 years old. He leaves behind three respected journal. Arie will be in Sydney and daughters, Victoria Guisinger, Amari Guisinger, and Alexandra looks forward to everyone’s ideas about the Guisinger, as well as one grandchild, and Sheila Barnes, his partner of future of JIBS as well as the opportunity to many years. discuss his plans for the editorial structure and Those close to him will remember him for his fine sense of humor review process. and kind heart. JIBS faces the same challenge as AIB as a "Steve was an energetic and upbeat person who was always a whole: how to maintain its position as the pre- pleasure to be around," said AIB president Stephen J. Kobrin in a eminent international business academic jour- recent message to the AIB-L listserv. "While he was a very dedicated nal in an environment where the disciplinary and serious scholar, he had a wonderful sense of humor. He loved journals (such as those of the Academy of jokes and was the only one I knew who kept them in a data base on Management) are publishing an increasing his palm pilot." number of articles with substantial interna- Steve’s students will remember him as someone who was always tional content. Arie Lewin faces a daunting willing, and oftentimes went out of the way, to mentor them. He took task of maintaining the broad disciplinary base personal pride in their accomplishments and successes. and traditions of JIBS while facing up to increased competition for both authors and He earned a bachelor’s degree in economics from Yale University readers. He will need all of our help to accom- in 1963. He received a master’s degree in public administration from plish that goal and insure that JIBS remains at Harvard University in 1965. In 1970 he earned a doctorate in eco- the head of the pack. nomics, also from Harvard. He taught at Southern Methodist University from 1970-1976. Since 1976, he has been with UTD’s Arie will work closely with Tom Brewer school of management. He was a past president of the Dallas and Catherine Langlois during the transition Economists Club, a founding member of the Dallas Committee on period. Every AIB member owes a deep debt Foreign Relations, and an elected member of the Council of Foreign of gratitude to both Tom and Catherine who Relations. have put a great deal of effort into JIBS during their term as Editors. They both have done an Steve traveled extensively, visiting more than 40 countries as a excellent job in difficult circumstances. I consultant to the World Bank, the International Finance Corp., the know that they will be of invaluable help to Organization for European Cooperation and Development and the Arie Lewin and his team during the transition Harvard Institute for International Development. He lived in Pakistan process. for two years on a Ford Foundation Project. In his memory, his family has asked the University of Texas at Dallas to set up a scholarship fund for international students. Update on Li Shaomin "He was so proud and supportive of all his students, but particu- On 25 July 2001, China deported AIB larly those from abroad," his daughter Alexandra said. "We thought it member Li Shaomin, City University of would be nice if we could continue his support in at least some form." Hong Kong, who had been detained and accused of spying by the Chinese govern- Contributions to his memorial fund can be addressed to: ment on February 25, 2001. He told reporters he was happy to be home and Stephen Guisinger Memorial Scholarship Fund for International Students reunited with his family, and to see all of his UTD Development Office friends. Adding that it had been a long jour- P.O. Box 830688, MP13, Richardson, TX 75083-0688 ney home. president’s letter AIB Newsletter - Third Quarter 2001 3 trade policies and globalization issues. In May 2001 he was also invited by the American Embassy in Warsaw, Poland to present major speeches to two global telecommunications and broadcast Members conferences. ICHEL AROCHE M L , John Molson School of Business, Concordia University in Montreal has been appointed the Royal Bank on the Move Distinguished Professor of Marketing, and he is organizing the Royal Bank Research Seminar on the Influence of Culture on Service to take place September 28 and 29 in Montreal. Last May JEFFREY S. ARPAN, the James F. Kane Professor of International 1st, he was selected 2001 Marketing Personality (category of Business, was recently named one of ten “Southerners to Watch business consultant and professor) by the Montreal Chapter of the in Globalization” by Southern Growth (Summer 2001) magazine, American Marketing Association. In May and June he was a publication of the Southern Growth Policies Board. He was Visiting Professor at the IAE in Aix-en-Provence (University of cited as “one of the cornerstones of the nationally renowned Aix-Marseilles). On October 17, he is to be awarded a Doctor of Master of International Business Studies (MIBS) program [at the Science honoris causa by the University of Guelph (Ontario). Moore School of Business] ... consistently ranked among the best in the nation ... [the] MIBS program gives the state, and the South JAGJIT SINGH, Executive President, as a whole, a higher profile and major competitive advantage in International Institute of Marketing & international business.” Management has been unanimously In addition to his influence through research, teaching, and exec- elected as the Chairman, Deli (National utive education in the international business arena, the magazine Capital Region) Chapter of the says “Arpan was also influential in the early years in helping the Association of Indian Management Southern Growth Policies Board develop its international Schools. He is the Founder of the Institute research agenda.” Among the “Ten to Watch”, Arpan is in the of Marketing & Management and cur- company of Andrew Young, former U.S. ambassador to the rently its Executive President-cum-Senior United Nations, two-term mayor of Atlanta, and Congressman; Professor. He holds a Ph.D. degree in and Richard Riley, U.S. Secretary of Education under Clinton and Business Organisation & Management former governor of South Carolina. from the University of Nebraska, USA, as a Fullbright Scholar. He was with Esso Standard Eastern as a Marketing Analyst; has JAGDEEP S. CHHOKAR has been appointed Dean of the Indian taught at the Universities of Rhode Island and Nebraska in the Institute of Management, Ahmedabad India. USA, and Jamnalal Bajaj Institute at Mumbai; and worked with over 100 organizations as a consultant, including UN Bodies. He PERVEZ N. GHAURI, The editor of International Business Review has been an Expert Member of the All India Council for Technical (IBR) and Professor of Marketing and International Business at Education (AICTE), Government of India and is the Honorary the Faculty of Management & Organization, University of Commercial Attache in India for the State of Nebraska, USA. Groningen in the Netherlands spent 9 months of his sabbatical leave at CIBER, Michigan State University in the United States. He worked on a couple of research projects with Tamer Cavusgil, together with whom he also finished the book manuscript, "Doing Business in Emerging Markets: Entry and Negotiation THE PRESS Strategies", to be published by Sage. After his sabbatical, Ghauri has moved to Manchester School of Management, UMIST JUST OFF (University of Manchester, Institute of Science and Technology) in the United Kingdom, as Professor in International Business. At ILAN ALON (State University of New York at Brockport) and UMIST his main responsibility is to develop a center of DIANNE WELSH (John Carroll University) have recently pub- International Business education and research. The editorial lished two edited books - International Franchising in Emerging office for the journal, IBR, has also moved to UMIST in Markets: Central and Eastern Europe and Latin America, and Manchester. His new email address is: [email protected]. International Franchising in Emerging Markets: China, India, and Other Asian Countries. These books are published by CCH, EARL F. GIBBONS has been appointed Dean of the School of Inc. (http://onlinestore.cch.com; fax number 847-267-2400). AIB Business and Economics at Longwood College in Virginia. members can get 10% off for 2 or more copies.

HARRY G. HARRIS, Visiting Professor at the University of J. JAY CHOI, Laura H. Carnell Professor of Finance and California, Davis, traveled to Argentina in March 2001 at the invi- International Business at Temple University, started a new book tation of the American Embassy in Buenos Aires. He met with series, International Finance Review, with Elsevier Science (JAI senior government officials and private sector leaders and gave a imprint). It publishes theme-oriented annual volumes in interna- series of lectures and speeches on the current state of hemisphere tional finance, global capital markets, multinational financial

4 AIB Newsletter - Third Quarter 2001 MEMBER UPDATES management and related issues. Future issues planned include Comparing Values, Behaviors, Institutions and Organizations Corporate Finance and Asset Management in Changing Japan, Across Nations (Thousand Oaks CA: Sage Publications, 2001. and Corporate Governance and Financial Restructuring in 596pp, ISBN 0-8039-7323-3 hardcover.) Sixty percent of the lit- Korea. Please contact J. Jay Choi ([email protected]) if erature reviewed dates from after 1980, including all significant you are interested in submitting an article or editing a volume. applications of Hofstede's paradigm since its appearance. A one- day seminar at IRIC, Tilburg University, the Netherlands on April FAROK J. CONTRACTOR has edited Valuation of Intangible Assets 27 was devoted to the appearance of this new book, with 225 par- in Global Operations (Westport, CT and London, Quorum Books, ticipants from 35 countries. Speakers included Harry Triandis, 2001). There are two aspects to the book. First, explain its meth- Shalom Schwartz and Ronald Inglehart. See also ods, benchmarks and techniques which put a monetary value on http://iric.kub.nl. intangible assets. Second, it examines the strategic context for intellectual property valuation in global companies. The book EUGENE D. JAFFE, and ISRAEL D. NEBENZAHL, of Bar-Ilan covers intellectual property strategy in global firms, and covers University, Israel, have published National Image and valuation techniques for the transfer or sale of brands, licenses Competitive Advantage: The Theory and Practice of Country-of- and other intangible assets, and valuing human capital. Several Origin Effect (Copenhagen Business School Press, 2001. ISBN: chapters target international tax, transfer pricing, and the pharma- 8716135164). The book provides a structured in-depth analysis of ceutical, and software sectors. Contributors include expert practi- the dynamic relationships between brand, country and product tioners from Big-5 accounting/consulting companies and academ- images, including guidelines for managerial action. Subjects cov- ics from five nations. ered include country of original labeling requirements, the use of the ‘made-in’ label as a trade barrier and the role of brand and LARRY FEICK (University of Pittsburgh) and MARTY ROTH country images in the age of eCommerce. For more information, (University of South Carolina) have just published Country visit www.cbspress.dk. Manager, along with co-authors Stu James and Mike Deighan at Interpretive Software. Country Manager is an international mar- ARVIND K. JAIN has edited The Political Economy of Corruption, keting simulation game. the second volume in the Routledge Contemporary Economic Participants work for the toothpaste brand management team Policy Issues series, July 2001. The volume addresses the politi- at All-Star Brands. They inherit a situation in which the domestic cal environment of corruption and includes contributions by polit- (US) market has matured, and the head of the Consumer ical scientists, economists, lawyers and philosophers. The objec- Healthcare Division has identified Latin America as the best tive of the volume is to present theoretical and practical explana- potential source of future growth for the division. The objective is tions, as well as empirical examinations of these explanations, for to decide how best to enter and expand in this potentially lucra- the existence of “grand” or political corruption. Details of this and tive market. Unfortunately for the management team, other inter- previously edited volumes by the same author (Economics of national competitors are already in place and expanding their dis- Corruption, Kluwer Academic) can be viewed at www-com- tribution, while local firms still dominate the traditional channels. merce.concordia.ca/jain/TPECpromo.htm. From there, participants decide which of the six Latin American countries to enter, which demographic and benefit-based cus- MASAAKI KOTABE (Temple University) and RICHARDO LEAL tomer segments to target, the channels to motivate, how best to (COPPEAD, Federal University of Rio de Janeiro) announce their communicate their message to the customer, which SKUs to offer, recent book, Market Revolution in Latin America: Beyond Mexico as well as from which country to manufacture products. The game (New York: Elsevier Science, 2001 ISBN 0-08-043897-0). This can be used in international marketing classes, international busi- book offers a compilation of in-depth analyses of trade adn liber- ness classes with a strong market entry and marketing component, alization movements in Latin America (particularly MERCO- and marketing management or strategy courses in which a strong SUR), examines managerial issues related to collaborating with international component is desired. Latin American companies, and explore macro- and micro-finan- The simulation software runs under Windows cial implications of investing in Latin American countries. For 95/98/ME/NT/2000 and the participant manual (2000, more information, please visit http://www.elsevier.nl/inca/publi- Interpretive Software, ISBN 1-885837-28-3) includes the case, cations/store/6/2/1/9/0/5/index.htt. detailed operating instructions, issues in making decisions as country manager, issues in international marketing, and detailed ALLEN J. SCOTT, University of California at Los Angeles, is economic and cultural information for each country. An pleased to announce the publication of Global City-Regions: Instructor’s manual is also included with sample course syllabi Trends, Theory, Policy (Oxford and New York: Oxford University and assignments, PowerPoint slides. For more information, please Press). The book will be of interest to business analysts concerned contact Marjorie Adams at Interpretive Software at 1-800- with issues of competitiveness, economic geography, and global- SIMUL8R , email [email protected] or visit ization. Among the twenty-two chapters are major statements by the website at www.interpretive.com to find the demo version. Kenichi Ohmae, Michael Porter, and James Wolfensohn.

GEERT HOFSTEDE (IRIC, Tilburg University, the Netherlands), has published a completely re-written Second Edition of his 1980 classic Culture's Consequences with the new sub-title:

MEMBER UPDATES AIB Newsletter - Third Quarter 2001 5 ...continued from cover about the distinctive characteristics of the wines. Then, you get to test your knowledge and have some fun as you try to iden- tify the "mystery wines" at the end! This will be a fun night to catch up with each other over some of the best wines in the world. The Executive of the Year Awards (Sunday 18th November) will host a beer tasting at the Powerhouse Museum--one of Sydney’s best museums. Lion Nathan, brewers of Hahn, Tooheys and Victoria Bitter, will sponsor the evening. The Gala Dinner (Monday 19th November) will be held at Sydney’s historic Town Hall. Our guest speaker, Gareth Evans, is a former Australian Foreign Minister who now serves on the International Crisis Management Group based in Brussels. Our other plenary speakers represent a WINE: AIB Members wide cross section of Australian society will have the opportunity to participate in a and promise to have some lively and wine tasting at the insightful discussions. More details at conference opening, www.aib.agsm.edu.au. sponsored by Southcorp Wines. Things To Do When You Arrive Visitors to Sydney Sydney is one of the world’s great also have the option cities. It is a thriving, harbourside metrop- to join the Hunter olis with more than 4 million people. Valley Wine Tour. To There is an enormous range of activities to book on the tour, go to suit every budget, level of fitness and inter- www.aib.agsm.edu.au est. Listed below are just a few samples of or email things to do while you are visiting Sydney. [email protected] If you are interested in these, we recom- mend booking your place, as some of these attractions are extremely popular, particularly on weekends.

The following websites provide more information on what to do in Sydney and surrounding areas: www.citysearch.com.au www.sydney.com.au www.ninemsn.com.au/sydneyguide www.lonelyplanet.com www.sydneyaquarium.com.au

6 AIB Newsletter - Third Quarter 2001 SYDNEY 2001 Activities for Friday, November 16 Harbour Cruise For more information and to book any of these exciting activities, go to www.aib.agsm.edu.au Quarantine Station Tour Ð booking essential From 1828, people arriving in Sydney were quarantined here if they were ill or their vessel was carrying disease. It is significant for its many Aboriginal sites, and for its medical, immigration and maritime history. As one of the few remaining places in Sydney with undisturbed bushland, it has also become a haven for endangered plant and animal species. The station was closed in 1984 and is now run by the National Parks and Wildlife Service. There are 90- minute tours (Mon, Wed, Fri, Sat and Sun), as well as Adult Ghost Tours (Wed, Fri, Sat and Sun, 7:30p.m.-10:30p.m) and Kids Ghost Tours (under 12 years) on Fridays only (6p.m.-8p.m. 1 adult to every 6 children is required). The Quarantine Station is part of the Sydney Ferries run regular commuter ferry Sydney Harbour National Park. There is a popular beach and plen- services to all points on Sydney Harbour, Manly ty of picnic spots. and west to Parramatta. In addition, they run tours of the Harbour that visit places their regular ferry Sydney Highlights Tour services don’t. We will arrange a half-day bus tour to delegates who want to The one-hour Morning Harbour Cruise departs get their bearings quickly and in air-conditioned comfort. Apart at 10a.m. and 11:15a.m. and will take you through from the city area, the tour will also take you to areas outside the the main reach of Sydney's magnificent harbour. central city area such as Bondi Beach. Full commentary provided. The cruises pass Shark & Clarke Islands, the Opera Hunter Valley Wine Tour House, the Royal Botanic Gardens & Fort Denison, which was once a prison. Before returning to The Hunter Valley is one of Australia’s premier wine producing Circular Quay you will cruise under the famous regions. Located at approximately a two hours drive north of Sydney Harbour Bridge. Prices are approximately Sydney, the Hunter vineyards are renowned for their crisp whites $15.00 (adult), $7.50 (child), $37.50 (family). and full-bodied red wines. The valley itself is very picturesque, so bring your camera. You will visit three premier wineries, have The Afternoon Harbour Cruise (2.5 hours) lunch at one of the Valley’s excellent vineyard restaurants and be departs at 1p.m. Monday to Friday and is a relaxing back in time to test your new knowledge at the AIB Official journey down the main harbour to Sydney Heads, Opening Wine Tasting. Costs are to be finalised but will be in the followed by a tour of the maze of waterways at order of A$100 ($50US). Middle Harbour. The ferry passes the Opera House and Royal Botanic Gardens, and follows the south- Harbour Bridge ern shore past Elizabeth Bay, Double Bay, Rose Climb Bay and Watsons Bay. Prices are $22.00 (adult), Ð booking essential $11.00 (child), and $55.00 (family). For THE most The Evening Harbour Lights Cruise (1.5 hours) spectacular views of departs at 8p.m. from Monday to Saturday. This Sydney, join a cruise offers a spectacular after-dark tour of the Bridge Climb, main harbour. It goes east as far as Shark Island and which will take you west to Goat Island. This is the best way to see to the top arch of the Sydney in full splendour, with lights in rainbow Sydney Harbour colours, floodlights illuminating the famous fea- Bridge. The climb takes 3 hours and tures of the Opera House and Harbour Bridge, and professional a kaleidoscope of reflections on the rippling water. climbers ensure In summer, spectacular sunsets silhouette the your complete safety as you walk to the summit over catwalks, lad- Harbour Bridge. Prices are $19.00 (adult), $9.50 ders and arches. Prices are around $125 for adults and $100 for chil- (child), and $47.50 (family). dren (minimum age is 12 years).

SYDNEY 2001 AIB Newsletter - Third Quarter 2001 7 The Sydney Opera House and Royal Botanical Garden

The Sights of Sydney The best way to see many of Sydney’s highlights is on Self-Guided Walking Tour of Central Business District foot. If you've got time on your hands, walking is the best If you've only got a few days in Sydney and want to way of seeing a good deal of the main attractions of Sydney. make the most of it, this is the walk to do. Much of Sydney's Most of the main tourist sights - such as the Harbour Bridge, sights and attractions are based around the Central Business Circular Quay, Opera House, Hyde Park Barracks Museum, District and in three days you can get to see heaps. This Darling Harbour, The Rocks, and the Royal Botanic walk covers Darling Harbour, The Rocks, the Sydney Gardens - lie on the perimeter surrounding the central busi- Harbour Bridge, the Sydney Opera House and Royal ness district and are within easy walking distance from Botanic Gardens. You can't get much better than that! there. Other attractions, such as the Centerpoint Tower, Queen Victoria Building and dozens of historical buildings Harbourside Walks are within the Central Business District. There are numerous harbourside walks that skirt around You don't have to be all that fit, as you can always stop various points of the harbour and even along the ocean surf- at any point and hop on to public transport. Explorer buses beach suburbs. These get you away from the hustle and bus- travel in a loop around most sights, so you can always bail tle of the city and give you breathtaking views. Try the out and take the bus. Bondi to Coogee walk, which is spectacular and easy. For kids, consider a visit to Taronga Zoo. Take a ferry Catch a bus to either Coogee or Bondi Beach and follow the to the Zoo from Circular Quay and either catch the bus to signs. the entrance or take the Sky Rail from the ferry terminal. Or The Rocks is one of the most-visited parts of Sydney. take a ferry to Manly and visit Ocean World. Shark Feeding Located under the Sydney Harbour Bridge, The Rocks is the times are 11.30 am Monday, Wednesday and Friday. foundation place of Sydney and Australia. It is of enormous Darling Harbour is one of Sydney’s premier tourist dis- historical significance. It is often described as "Sydney's tricts and offers an extensive range of activities for children outdoor museum". The Rocks is the oldest area of Sydney and adults within a landscaped and relaxed environment. and was the site of Sydney’s first slums. An outbreak of Attractions include the Imax Theatre (with its 8-storey high Bubonic Plague began here in the early 1900’s. However, screen), Sega World, the Australian National Maritime this historic district has been transformed into a vibrant Museum (climb all over a naval destroyer) and the Sydney pocket of cafes and restaurants, tourist shops and stalls. Aquarium (where sharks, stingrays, platypus and sea lions Many of the historic buildings have been preserved, and the swim around YOU). Or just walk around and enjoy the free area comes alive on weekends with a large, covered market, street entertainment on weekends. live music and rowdy pubs, such as the Lord Nelson, Sydney’s oldest pub and one of the few that brews its own ales.

8 AIB Newsletter - Third Quarter 2001 SYDNEY 2001 "Go Bush" in Sydney’s Surroundings Useful Information Here is some relevant information you will find useful The Blue Mountains in making your travel plans. To the west of Sydney is the Blue Mountains National Park. This is a spectacular area with gorges, great bushwalking trails, waterfalls and beautiful vistas. All offer a great day trip alternative. Booking AIB Conference Accommodation in Sydney The Blue Mountains are part of the Great Dividing Range, which When booking your accommodation, you need to quote "The AIB runs down the entire length of eastern Australia, and they get their Conference". name from the bluish haze caused by the fine mist of eucalypt oil Main Conference Hotel- Sheraton On The Park Hotel Sydney – email: given off by the eucalypt trees. The mountains rise quite dramati- [email protected], phone +61 2 9286 6000, fax +61 cally from the Sydney basin, to a height of 1100 metres. It is not 2 9286 6565. Website: www.sheraton.com uncommon for the mountains to receive snow in winter, and there is always a significant temperature difference to Sydney. Pack a Sydney Park Regis – email: [email protected], phone +61 2 9267 6511, fax +61 2 9264 2252. Website: picnic and take a sweater. For more information visit www.parkregissydney.com.au http://www.bluemts.com.au/tourist/default.htm Hotel Ibis Darling Harbour – email: [email protected], phone The Blue Mountains are easily accessible by car and train. +61 2 9563 0889, fax: +61 2 9563 0845 Alternatively, Sydney Tours offer coach and four-wheel drive tours Grand Mecure Apartments Darling Harbour – email: h1807@accor- to the Blue Mountains, which includes transfers, transport and hotels.com, phone +61 2 9563 0889, fax +61 2 9563 0845 lunch. They are offering AIB delegates a 10% discount off their normal charges, which are $115 (coach) and $139 (4WD). Official AIB Conference Season Bookings can be made by emailing [email protected]. Visit their website at www.sydneytours.com.au. Airline The AIB Conference will be held in The Hawkesbury River Air New Zealand is the official airline November, which is spring in The Hawkesbury enters the sea 30kms north of Sydney and is sponsor for the conference. We will Australia. The weather is normally one of the major rivers in eastern Australia and is dotted with coves, be advising you how to make your quite mild to warm during the day beaches and picnic spots. A great way to see the area is to catch the travel arrangements with them on and evenings are balmy, but bring a Riverboat Postman, a mail delivery boat which does a 40km round our website www.aib.agsm.edu.au light jacket or cardigan. trip every weekday for under $30. Catch a train from Central shortly. Thunderstorms can also occur, so Station in Sydney to Brooklyn, where you can join the Riverboat pack a raincoat. Average tempera- Postman. The boat departs twice a day. For bookings, go to Currency tures in Sydney in November are www.aib.agsm.edu.au. For further details call +61 2 9985 7566. between 16C (60F) and 24C (76F). Further Afield Australia uses the Australian Dollar. Sydney will be on Daylight Saving For up to date exchange rates, time in November, so delegates can Sydney is the International gateway to Australia and, as such, go to the following link experience longer, light evenings is linked by daily flights to every other capital city and many http://www10.americanexpress.com with sunset around 8.30pm. regional destinations. Qantas, Ansett Airlines and Virgin Blue are /sif/cda/page/0,1641,6707,00.asp$ the main domestic carriers. Ansett is in receivership but is continu- ing to operate a limited schedule with the Federal Government and click onto "currency converter". guaranteeing tickets until at least earlyDecember. So they are safe As an indication, $1US buys nearly Time Difference to use. For latest fares, consult the carriers’ Web sites - www.qan- AUS$2. tas.com; www.virginblue.com and www.ansett.com.au. Delegates from North America and Delegates should consider a visit to the world heritage listed Visas Europe will have to cross the areas of Uluru (Ayers Rock), the Great Barrier Reef (the world’s International Date Line to reach largest living organism) and Kakadu National Park in the Currently, all visitors to Australia Australia. If travelling from the Northern Territory. require a visa. Ensure that you US/Canada/South America, you will The Uluru-Kata Tjuta National Park is owned and operated have one before making your travel LOSE two days travelling to by the Anangu people of Central Australia and is one of the great arrangements, as airlines may Australia. Therefore, if you want to wonders of the world. The park covers 1,325 hectares and has been refuse to let you board if you do not arrive early on Friday 16th World Heritage listed twice - for its natural as well as cultural sig- possess a valid visa. The following November, you will need to com- nificance. There are daily, direct flights to Uluru from Sydney. For site has useful information on visas mence your travel on Wednesday Aboriginal operated tours go to www.anangutours.com.au. and how to apply: 14th November. You will, however, Other destinations a short flight from Sydney include http://www.immi.gov.au/visitors/inde gain those two days when you Melbourne (the second-largest Greek city in the world, after x.htm return. Athens), which is known for its cosmopolitan style, shopping, cafes and live music scene; and Byron Bay (fly to Ballina), a renown For program, registration and hotel information, please visit beauty spot where whales pass close by on their southern migration the AIB web site at www.aibworld.net in October/November and where the alternative lifestyle co-exists with great surfing, diving, first class restaurants and a lively music For tours and local information, please visit the AGSM web- scene. site at www.aib.agsm.edu.au

SYDNEY 2001 AIB Newsletter - Third Quarter 2001 9 New Members Members Joining from May 24 - September 8, 2001

Elliot Adams, Univ. of Central Lancashire Joanne Huang, Univ. of Central Lancashire Prasad Padmanabhan, San Diego State Tamir Agmon, School of Business Admin, Kenneth Hunsader, Florida State Univ. Univ. Israel Yukiko Imao, Suzuka Int'l Univ. Nitin V. Pangarkar, National Univ. of Yusaf Akbar, Budapest Univ. of Economics Yumiko Iwata, Univ. of Central Lancashire Singapore Karl Alorbi, Univ. of Strathclyde Marion James, Nova Southeastern Univ. Sunmi Park, Meiji Univ. Ioannis Anonmeritis, Univ. of Central Melvin H. Jameson, Univ. of Nevada, Las Steven E. Phelan, Univ. of Texas, Dallas Lancashire Vegas Krairoek Pinkaeo, Bangkok Univ. Olusegun A. Balogun, Univ. of Sarasota Lucas Janssen, James Cook Univ. Glenn Pitman, Binghamton Univ. Constance Bates, Florida International Univ. Debra Johnson, Univ. of Lincolnshire & Jennifer A. Pope, Univ. of Texas Pan John M. Beehler, Wichita State Univ. Humberside American Maryanne Benito, RMIT Univ. Ioannis Kakos, Univ. of Central Lancashire Moshe Porat, Fox School of Business Franc Branko Sain, Buckinhamshire Adrian Kamalodeen, Citigroup Ruby Ranjan, Monash Univ. Chilterns Univ. Ioanna Karagianni, Univ. of Central R. Glenn Richey, Univ. of Oklahoma Robert Brown Lancashire Mike Roberson, Eastern Kentucky Univ. Chris Carr, Univ. of Edinburgh Ciara N. Karlsson, Institute of International Joanne Roberts, Univ. of Durham Business Palakom Chaikittisilpa, Univ. of Western Business School Sydney, Univ. of Thailand (ABAC) Faizal Karolia, Univ. of Central Lancashire Steve Roche, Digital Juice, Inc. Ivy S.N. Chen, Hong Kong Polytechnic Amal R. Karunaratna, Adelaide Univ. Steven Rundle, Biola Univ. Univ. Chol Rae Kim, Keimyung Univ. Matthew T. Schroeder, Univ. of California, Zhengyi Chen, Michigan State Univ. Youngok Kim, Univ. of New South Wales Berkley Sylvie K. Chetty, Massey Univ. Alina Kudina, Oxford Univ. Roland Schwald William K. Choy, Univ. of South Wales Benjamin Kudo, Imanaka Kudo and Andrew Shipilov, Univ. of Toronto Deborah Colton-Herbert, Univ. of South Fujimoto LLC George J Siedel, Univ. of Michigan Carolina Pooja Kumar, Monash Univ. Kulwant Singh, National Univ. of Singapore Cristanna Cook, Husson College Alla Latyaeva, Kingston Univ. Karin Sixl-Bornemann, Institute of Kathryn Cort, Elon Univ. Lorraine Limbrick, Staffordshire Univ. International Management Gavin Cullen, Routledge Jie Liu, Manchester Metropolitan Univ. Arjen Slangen, Tilburg Univ. Ransford Darko, Excellence Business Lana Liu, Univ. of Northumbria at Edward Sodmann, Fachhochschule Bochum Foundation Newcastle Kent Springdal, Kingston Univ. Ransford Darko, Excellence Business Soo Wah Low, Univ. of Kebangsaan David Stead, Leeds Metropolitan Univ. Foundation Malaysia Chanika Suksaard, Monash Univ. Victor Davila, Univ. of Akron Sandiago ("Jim") Luna Toshikazu Takahashi, Rikkyo Univ. Isabelle De Voldere, Vlerick Leuven Gent John Mark, Kings College London Graduate School Business Mgmt School Peter Massingham, Univ. of Wollongong Wee Liang Tan, Singapore Management Larry DiMatteo, Univ. of Florida Jane L. Menzies, Monash Univ. Univ. Paul Evans, INSEAD Anthony Miano Michael C. Tu, Nova Southeastern Univ. Francesca Falovo, Univ. of Central Nikolaos Michelinakis, Univ. of Central Janet Tully, Coventry Univ. Lancashire Lancashire Charikleia Vlachogianni, Univ. of Central Sunny Fong, Sun Microsystems Nikolaos Mourtzakis, Univ. of Central Lancashire Anne Marie Francesco, Hong Kong Baptist Lancashire Janet Walsh, Univ. of London Univ. Shannon Mudd, Thunderbird Klaus Weber, Univ. of Michigan Frank Francone, Loyola Univ. Graduate Abdul Wahid Nabish, Univ. of Science, Catherine L. Welch, Univ. of New South Alumnus Malaysia Wales Susan Freeman, Monash Univ. M Nageb, Sumbershire Education Group Peter Leung Kwong Wong, Aetna Life Hubert Fromlet, Blekinge Institute of M Nageb, Sumbershire Education Group Insurance Company Technology/ Swedsbank Shahnaz Naughton, Univ. of New South Gregory Worden, SGT, Inc. George Frynas, Coventry Univ. Wales John K. Yabs, U.S. International Univ., Mika Gabrielsson, Lappenranta Univ. of Sin Hui Ng, Nanyang Technological Univ. Nairobi Campus Technology George J. Niemanis, Niagara Univ. Terushia Yamada, Yokohama Shoka Univ. Michel Garzy, Dauphine Louis Nzegwu, Univ. of Wisconsin- Zhangming Yang, Univ. of Central Eftychios Gkakidis, Univ. of Central Platteville Lancashire Lancashire Kathleen Oconnell, Kweneng Commercial Beiqing (Emery) Yao, Katz Graduate Lau Ching Ha Greenie, Hong Kong Consultants School of Business, Univ. of Pittsburgh Polytechnic Univ. Marlene Olsavsky, Pearson Education Terry Young, Pepperdine Univ. Craig Harris, Univ. of Central Lancashire Francine O'Sullivan, Edward Elgar Richard Zeltmann, Nova Southeastern Univ. David E. Hitchin, Pepperdine Univ. Publishing Jie Zhao, Univ. of Hartfordshire Sigrid Hofer, IIB/Stockholm School of Shinji Ota Zheng Zhou, Univ. of Central Lancashire Economics Oceana Ou, Univ. of Central Lancashire

10 AIB Newsletter - Third Quarter 2001 NEW MEMBERS InsightsVolume 1, No. 2, 2001 Comments From the Editor The events of September 11, 2001, have left me, like others, in a state of shock. I share with all my colleagues a great sense of sadness and loss and, yet, hope that somehow the world will be a better place, in spite of, or because of, the very tragic series of events. I remember with great affection the wonderful life-size, and incredibly life-like bronze statues on the plaza of the World Trade Center. These statues portrayed ordinary people, in every day activities. The events of September 11 have reminded us to pay attention to the ordinary people in our lives, every day, everywhere. Our objective for Insights - to provide global insights - is even more important and relevant now. t is a pleasure to present the second issue of Insights. We hope that readers will Comments and find it as interesting and useful as the first issue. We have been delighted with suggestions Ithe response to the first issue - many nice comments, people asking to use the should be sent to material in their classes, and requests to reprint the articles. This suggests that the Editor Insights is providing a valuable service for AIB members. To continue to provide this service, we need your input Ð suggestions for themes or features, as well as articles, comments on articles, teaching tools, blunders, reprints of speeches …. any material that you think would offer ‘insights’ to colleagues. Please send articles and class- The current issue of Insights is similar in format to the first. Once again there are room material to two featured articles, some blunders, and information for use in the classroom. We the Editor for con- expect to follow this format for many issues, but we also aim to be flexible in for- sideration for mat Ð some issues may concentrate on a particular theme or a particular location, upcoming Insights some may be devoted to teaching, others to research, and so on. Insights is an - consider reprints evolving publication, intended to provide an array of material that readers will find of speeches you insightful. have made Academy of International Business The format is similar but the content is quite different. The first issue had an article and a reaction to the article. This issue has two articles that address very dissimilar topics. The first issue had an exercise for classroom use, this issue has tips for using Readers are a particular classroom technique. This first issue had two recent blunders, and for- encouraged to tunately, this issue has two more. submit comments, for possi- The two articles in this issue of Insights illustrate the array of material that is appro- ble inclusion in priate for this publication. I liked both articles, but for very different reasons. future Insights The first article, by Nancy Adler, is entitled "Global Leadership: Giving Oneself to Things Far Greater than Oneself". This article is written from a perspective that provides insights into Professor Adler’s personal thinking. It also provides important insights into the nature of leadership in today’s Please contact world. I found the article both touching and thought-provoking, and, like all the Editor with suggestions of Professor Adler’s work, eminently well written. The second article, by Sam Antrobus, is entitled "Arguments For and Against a Monetary Union for North America". This article is a practical discussion of the pros and cons of a monetary union, largely from the Canadian perspective. I found the article particularly useful in preparing for ...continued on next page

INSIGHTS AIB Newsletter - Third Quarter 2001 11 ...continued from previous page a class discussion on ‘dolarization’ Ð a topic of growing interest in the Caribbean and Latin America. As well as the two articles, this issue includes a discussion on Using Video Clips in the Classroom, provided by Allan Bird, and two blunders from David Ricks.. Allan is well-versed in the use of innovative classroom approaches, and his advice is valuable for all of us who want to increase our effectiveness in the classroom. David’s blunders, as always, amuse while providing valuable lessons. Insights is meant to be a flexible publication - we welcome submissions on a wide variety of topics, from contributors any- where in the world, in any discipline Ð so long as the material offers insights for people involved in International Business. Submissions and suggestions have come from the Canada, the Caribbean, England, India, New Zealand, and the USA Ð and we hope soon to boast of contributions from all parts of the world. We have been fortunate that leading scholars in the international business field have contributed to the first issues of Insights, but we have also had contributions and suggestions from students and practitioners, and a variety of academics, at all career stages. We hope that all readers will offer contributions or suggestions, and look forward to hearing from you.

Submission Information

¥ Submissions to Insights can be sent at other media. any time to the Editor. We look forward to your comments and Editor submissions. ¥ Submissions may be electronic, by Betty Jane (BJ) Punnett fax, or by mail. Electronic submissions Thanks to the AIB Board for this initi- Management Studies are preferred. atve. Thanks to Laurel King for her sup- University of the West port and suggestions. Thanks to the Indies ¥ Submissions will be reviewed by the Advisory Board members for their assis- Cave Hill, Barbados Editor to ensure material is appropriate tance in preparing this issue of AIB for Insights, then the advisory board Insights. Ph. 246-420-1796 will comment on submissions. Fax 246-420-1797 BJ [email protected] ¥ For consideration for specific editions, submissions must reach the editor by the FAQs Advisory Board following dates: The most frequently asked questions relate to the length and format for sub- 1st Quarter: December 15 missions to Insights. We do not have Jagdeep Chhokar 2nd Quarter: March 15 strict guidelines for submissions. We Indian Institute of encourage you to send material in the 3rd Quarter: June 15 Management, Ahmedabad, format that you believe will provide the India 4th Quarter: September 15 best insights. If we want to include the material, we may then ask you to make ¥ Articles should be approximately 2-3 changes to suit a particular issue. We Terry Jackson printed pages. do have general guidelines: EAM. UK submissions should be short (usually ¥ Exercises, simulations, and other about two printed pages, although Paul Simmonds material should include all the informa- there will be both longer and shorter Florida State University, tion needed for use in the classroom. pieces), and Tallahassee Material submitted should not contra- they should be "insightful" (providing vene any copyrights. knowledge obtained by mental pene- tration - Oxford), and can be provoca- David Ricks tive (inviting a reaction, stimulating a University of Missouri, ¥ Blunders should be based on real- response – Mirriam -Webster) St. Louis world events and should be new - ie, not necessary references should be pro- previously published, or disseminated in vided as end notes

12 AIB Newsletter - Third Quarter 2001 INSIGHTS Leading Globally: Giving Oneself for Things Far Greater Than Oneself

Nancy J. Adler

McGill University, Faculty of Management 1001 Rue Sherbrooke Ouest, Montreal, Quebec, Canada H3A 1G5 Tel: 514-398-4031; Fax: 514-398-3876 Email: [email protected]

An earlier version of this article was published by MIT Press in Reflections and they retain full copyright.

To be human is to give yourself for things far greater than yourself; To lead is to give yourself for things far greater than yourself.1

hen I was 11 years old, my world. it may soon become blasphemous to 2 Austrian mother explained Of course, none of us can claim even consider ourselves a civilization. Wto me that when she was my that the twenty-first century entered on And yet why not a more peaceful, age she had wanted to have at least 6 a safe, secure, or loving note—a note sustainable, and compassionate society children. Yet by the time she met my imbued with peace, wisdom, compas- in the twenty-first century? Why not a American father, just 8 years later, she sion, and love. As we ask ourselves global civilization that we could no longer wanted any children. Losing which of our twentieth-century lega- bequeath with pride to our children and most of her friends and family during cies we wish to pass on to the children our children’s children? Naively ideal- World War II to Hitler’s terror had con- of the twenty-first century, we are istic? Perhaps; but only if we ignore vinced her that the world was not a fit humbled into shameful silence. Yes, the wisdom and approaches to learning place to raise children. Luckily, espe- we have advanced science, technology, of Adam Kahane and like-minded col- cially from my perspective, my father and commerce, but at the price of a leagues around the world—people who convinced my mother that within the world torn asunder by a polluted envi- have dared to attempt to make a differ- family the two of them could create a ronment, cities infested with social ence. Only if we renege on our role as bubble of love, and within that bubble chaos and physical decay, an increas- leaders and simply adapt to the future, their children could grow up in safety ingly skewed income distribution that rather than collectively attempting to and happiness, protected from the condemns large portions of the popula- improve it. As former U.S. Secretary inhumanity raging outside. Having tion to poverty (including people living of State Madeleine Albright admonish- grown up within the bubble of their in the world’s most affluent societies), es us, "We have a responsibility in our love, and in sunny southern California and rampant physical violence contin- time, as others have had in theirs, not rather than war torn Europe, I never uing to kill people in titularly limited to be prisoners of history, but to shape doubted that our role on earth, as wars and seemingly random acts of history…."3 human beings and as leaders, was to violence. No, we did not exit the twen- After a quarter century of conduct- expand the bubble to encompass the tieth century with pride. Unless we ing research and consulting on global world: or as the rabbis would exhort collectively learn to treat each other strategy and cross-cultural manage- us, to return to our original task of and our planet in a more civilized way, Tikun Olam, the restoration of the ment, I have increasingly focused the

INSIGHTS AIB Newsletter - Third Quarter 2001 13 last few years on the small, but rapidly rather than merely contributing a piece way." Her attempts at moving Sri increasingly number of women who to the puzzle—opens up the possibility Lanka toward peace and unity have by are among the world’s most prominent of communion and oneness, of tran- no means met with unequivocal suc- business and political leaders—women scending history to create a new future: cess. Yet Kumaratunga persists, even who have served as their country’s "We have the greatest capacity to make in the face of constant death threats president or prime minister or as CEO a difference when we dare to open our- and a bomb explosion that already of a major global firm.4 Perhaps it is selves up, to expose our most honest claimed one of her eyes. Kahane not surprising that at this moment in nightmares and our most heart-felt reminds us that leaders who influence history, countries around the world, dreams."10 history do so because they live the par- 12 most for the first time, are turning to As a social thinker, Adam Kahane adox. They have the courage to com- women leaders rather than to the tradi- points out that leaders who make a dif- mit their lives to effecting the changes 13 tional cohort of men. People want a ference are extraordinarily committed, they want to see. At the same time, change; they no longer want the nar- body and soul, to the changes they they have the courage to engage with row, circumscribed leadership of the want to see in the world, to goals much others—even their enemies; the twentieth century nor its outcomes. larger than themselves.11 The lives of courage to give up the illusion of being They hope and imagine that women many of the world’s first women lead- in control, to venture beyond detach- 14 will bring a more inclusive and com- ers mirror commitments much larger ment, and to surrender to the process. passionate approach to leadership. than themselves. For example, in her Will Kumaratunga be able to stay com- In Nicaragua, for example, former personal commitment, Chandrika mitted to changing her country while president Violetta Chamorro’s ability Kumaratunga, the president of war remaining open to listening to how to bring all the members of her family torn Sri Lanka, became a prism for the each faction wants to change? Will she together every week for Sunday dinner paradoxes of extraordinary leadership. be able to maintain the paradox? To achieved near legendary status. When she was only eleven years old, paraphrase Martin Buber,15 Symbolically, her dinners gave the her father, who was the country’s Does Kumaratunga believe in des- nation hope that it could heal its civil- founding father and its first prime min- tiny and also that destiny needs her; war-inflicted wounds and find a peace ister, was assassinated, many believe that destiny does not lead her, but 5 that would reunite all Nicaraguans. due to his policies which advantaged rather waits for her. Can she pro- Why such elevated hopes from a the Sinhalese and stripped the Tamil of ceed toward her country’s and her Sunday night dinner? Because of many of their cultural rights. Her own destiny without knowing Chamorro’s four adult children, two mother, who also served as prime min- where it waits for her? Will she be were prominent Sandanistas while the ister, furthered the country’s ethnically able to continue going forth with other two equally prominently opposed divisive policies. As an adult, her whole being? Destiny will not the Sandanistas, not an unusual split in Kumaratunga’s husband, a politically turn out the way her resolve intend- war torn Nicaragua.6 As Violetta involved citizen and noted actor, was ed it; but what she wants will come Chamorro’s children told their stories murdered, in what many believe to about only if she resolves to do that around her dining room table, others in have been Tamil-initiated violence. which she can. Will she be able the country began to believe that they With the constant and very real threat neither to interfere nor to merely too could "reach a deeper, more real of death to her and to her children, why allow things to happen? consensus—including around such did Kumaratunga choose to stay in Sri While the answer will only be profoundly important issues as unity Lanka and to run for office? And once written in the months and years ahead, and peace—through the telling of their she won, how did she find the courage we know that Kumaratunga has personal stories."7 Implicitly, the to tell her mother—whom she later demonstrated enormous courage to Nicaraguans believed that by listening appointed to serve as prime minister— date to begin the journey. The chal- attentively to each other, with empathy, and the country that she was going to lenge of leadership is in the openness they could hear the sacred within each attempt to find a peaceful solution to to destiny and the complete commit- person, their core humanity and that of Sri Lanka’s seemingly interminable ment to change for the better; not in the nation.8 It is not coincidence that civil war by sitting down with the simplistic short term evaluations of the symbol of hope, peace and unity Tamil and listening to their story. success and failure. Kumaratunga, with both her father and was a dining room table and not a This past year, my Jewish nephew 9 husband murdered, chose to go outside board room table. Such holographic Aaron married a deeply religious the patterns of history and say, listening, as Adam Kahane labels it— Catholic woman Karen. Although told "Enough! There has to be a better in which each story reflects the whole, that their wedding ceremony and life

14 AIB Newsletter - Third Quarter 2001 INSIGHTS together would be rooted in the two can never close our eyes to the com- Global Leadership Forum: Enhancing spiritual traditions, both families ques- plexity of the world or to the profound- One Company’s Leadership Capacity," tioned the reality of the young couple’s ly influential interactions that define Human Resource Management, Vol. 39 pronouncement when the invitations society. Goethe’s admonishes us that (Nos. 2 & 3), 2000, pp. 209-225. 5 arrived announcing that the wedding leaders know themselves only to the See Michelle A. Saint-Germain’s "Women in Power in Nicaragua: Myth would be celebrated at Holy Family extent that they know the world; that and Reality" in Michael A. Genovese Catholic Church with a Catholic priest, they become aware of themselves only (ed.), Women as National Leaders. and no rabbi, presiding. Only as the within the world, and aware of the Newbury Park, California: Sage, 1993, priest opened the service in Hebrew world only within themselves.17 p. 80. with a traditional Jewish prayer did the 6 Ibid. 7 tension begin to reside. In one of the To be human is to find ourselves Kahane, op. cit. 8 Paraphased from Kahane, op. cit., and most moving and profoundly meaning- behind our names.18 ful wedding ceremonies I have ever applied to the sitution in Nicaragua. To lead is to find ourselves behind our 9 Artist Jacqueline Hassink created a attended, the priest celebrated Aaron names. and Karen’s unique individuality, series of photo essays on the tables of power (board room tables) and tables of including their two distinctly different relationship (dining room tables) of both spiritual traditions. He made no male and female CEOs worldwide. See attempt to minimize or ignore the dif- Endnotes Hassink’s The Table of Power. ferences between Judaism and Amesterdam: Menno van de Koppel, Christianity. After the bride and groom 1 First half of the quote is taken from 1996 and her Queen Bees: Female had exchanged vows, the priest Sister Joan Chittister, in Frederick Power Stations. Amsterdam: Menno reminded us of the hatred that has all Franck, Janis Roze, and Richard van de Koppel, 1999. 10 too frequently separated Jewish and Connolly’s (eds.) What Does It Mean To Kahane, op. cit. 11 Catholic communities. He then asked Be Human? Nyack, New York: Ibid 12 Circumstantial Productions, 1998, p. Ibid each of us to see Karen and Aaron as 13 194. Ibid symbolic of the love that could unite 14 2 Based on Stephan Rechtschaffen’s Ibid the two traditions, the love that could 15 Paraphrased from Martin I Buber’s I and replace the all too common hatred. observation in Timeshifting. New York: Bantam Doubleday Dell Audio Thou. New York: Touchstone Books, What more powerful symbol of global Publishing, 1996. 1970. 16 leadership: love replacing hate, love 3 From former U.S. Secretary of State Kahane, op. cit. 17 bridging distinct individuality, love Madeleine K. Albright’s Harvard Paraphased from J.W. von Goethe, uniting bride and groom on their wed- Commencement Address as reported in Goethe’s Scientific Studies. Translanted ding day, love respecting and bridging the New York Times, June 6th, 1997, p. by D. Miller. Edited by A. P. Cottrell and differences among all peoples at all A8. D. Miller. Boston, MA: Suhkamp Insel, 4 For a more in depth discussion of 1985; as cited in Kahane, op. cit. times. 18 women serving as global leaders, see First half of quote from David Krieger Our capacity to see and to change Adler’s "Did You Hear? Global in Frederick Franck, Janis Roze, and the world co-evolves with our capacity Leadership in Charity’s World," Journal Richard Connolly’s (eds.) What Does It 16 to see and to change ourselves. As of Management Inquiry, Vol. 7 (No. 2), Mean To Be Human? Nyack, New York: the marriage ceremony changed Aaron 1998, pp. 135-143; "Global Leaders: A Circumstantial Productions, 1998, p. and Karen into husband and wife, so Dialogue with Future History," 273. too did it change all of us into people International Management, Vol. 1 (No. who more deeply understand what it 2), 1997, pp. 21-33; "Global means to unify diversity without extin- Entrepreneurs: Women, Myths, and guishing individuality. As leaders, we History," Global Focus, Vol.11 (No. 4), 1999, pp. 125-134; "The Women’s

INSIGHTS AIB Newsletter - Third Quarter 2001 15 Arguments For and Against a Monetary Union for North America

S. J. Antrobus School of Management, University of Bath, Claverton Down, Bath, BA2 7AY, United Kingdom, [email protected]

xchange rate regimes are in the rates were the only viable options. The improved productivity.vii news following the economic perceived stability and prosperity that A second factor is the successful Edifficulties experienced in fixed rates bring, combined with the implementation of the Canada-US Free Argentina and Turkey, and the continu- obvious dangers of less stable regimes Trade Agreement (CUSFTA) in 1989 ing drama of the Euro. The prospect of have led to increased enthusiasm for and the North American Free Trade expansion of the European Union into monetary unions and dollarization, Agreement (NAFTA) in 1994. Early Central and Eastern Europe and a with discussion in countries as diverse studies, including that by Krueger,viii iii iv potential recession in Europe, provide as Australia , Mexico, South Korea indicate that levels of trade between the first real tests of the currency, and and Canada. the signatories have increased since the may expose some of the weaknesses of This paper focuses on the NAFTA agreements came into force. Finally, the union. The choice between fixed or region, and in particular the point-of- and probably most importantly, the floating exchange rate regimes has view of Canada, exploring the debate introduction of a single currency unit been the source of debate for many surrounding the possibility of a North amongst eleven nations in Europe in years, with many high profile collaps- American Monetary Union (using a 1999 has sparked debate about similar es of pegged exchange systems such as currency called the Amero), and con- arrangements elsewhere in the world. Britain’s exit from the European sidering the costs and benefits of such Courchene and Harrisix go as far as to Exchange Rate Mechanism (ERM) in a union for Canada. In order to high- describe the advent of the Euro as "a 1992 and the South-East Asian crisis in light the key issues, themes are drawn watershed in the annals of economic 1997. However, there are also many from two prominent articles on the and monetary history". success stories where fixed exchange topic.v In recent years a combination rates have brought calm and stability to of three factors has led to increasing Arguments for Monetary Union economies. interest in this topic, and made this a Grubelx emphasises the static and Countries can adopt a number of relevant issue for further study. Firstly, dynamic efficiency gains realised by exchange rate regimes ranging from the Canadian dollar has continued its adopting a single currency across the free floating to monetary union, with decline relative to the US dollar, region. The most obvious is the reduc- managed float, currency peg and the falling by approximately 36% from tion in transaction costs from eliminat- adoption of the currency of another parity in the 1970s. This has led to a ing currency exchanges in cross-border nation (most commonly ‘dollarization’ relative decline in the living standards trade and investment. There is also or ‘euroization’) between the two of Canadians when compared to their reduced uncertainty for businesses, extremes. However, as Crowi com- neighbours in the USA, adding an with more stable cash flows allowing ments, a "pegged regime invites attack additional stimulus for talented more accurate budgeting and more vi and is demonstrably brittle under pres- Canadians to head south of the border. efficient use of resources. It is difficult sure." Likewise, even before the Asian Many economists also argue that the to quantify the actual cost savings from crisis, Eichengreen,ii a senior policy decline in the Canadian dollar is one of a currency union but clearly they adviser at the IMF, had concluded that the causes of lower productivity levels would be substantial, given the signifi- pegged exchange rates were anachro- in Canada, as it provides protection cant levels of trade between the US, nistic, and that the two extremes of against international competition, thus Canada and Mexico. Linked to this are currency union and floating exchange masking the need for investment and dynamic gains from the expansion of

16 AIB Newsletter - Third Quarter 2001 INSIGHTS trade between the nations because the and offsetting price developments Arguments against Monetary monetary union lowers the costs of across industries is increased. While no Union doing business between the nations attempt is made to quantify this saving, involved. there seems to be some merit to this The Canadian and US economies A further efficiency gain results argument, particularly from the are highly integrated, with 80% of from the reduction in Canadian interest Canadian point of view, as Canada Canadian exports destined for the US rates. Canadian long-term government remains heavily reliant on the extrac- market, nevertheless, Murrayxii argues bonds have historically been priced at tion and processing of natural that the different structures of the US a premium over those of the US gov- resources.xi In addition to price stabili- and Canadian economies provide a ernment. This premium resulted from ty, greater price transparency leads to a strong case for monetary policy inde- the expectation of Canadian dollar levelling of prices across the currency pendence Ð an example is the impor- depreciation, the exchange risk associ- union, as the burden of cross-currency tance of commodity prices to Canada, ated with the fluctuation of the price comparisons and cost of non- where commodities account for over exchange rate, and the expectation of domestic currency transactions are 10% of Canadian GDP and 35% of its higher inflation rates in Canada. Over removed. The benefits of this to the merchandise exports. Consequently, the 50 years to 1999, the premium consumer are clear. the US and Canada experience differ- averaged 117 basis points (bp), reach- Grubel argues forcefully that ing economic reactions to commodity ing highs of 350bp in the early 1980s. monetary union would also benefit price shocks (as demonstrated in fig- Grubel argues that a currency union Canada by imposing increased disci- ure A belowxiii). would eliminate the currency risk and pline on its labour markets, which at Murray also questions the extent expectations of higher inflation in present have unionisation levels of to which Canada would be able to Canada, leading to the removal of 35%, significantly higher than those of influence monetary policy within a much of this premium. A reduction of the US. Grubel presents evidence that union, commenting that "it is unrealis- 100bp in the cost of debt would result the declining value of the Canadian tic to think that Canadians would ever in an annual cost saving of approxi- dollar has created artificially high prof- have anything more than a token mately $6 billion for Canada’s federal its for Canadian firms. This has led to voice," due to the significant disparity government, with corresponding sav- successful lobbying for wage increases in the sizes of the two economies, and ings for provincial governments, agen- from unionised workers, which have the fact that Canada clearly has a lot cies and corporations with fixed inter- inevitably spread through the rest of more to benefit from such a union than est borrowings. The lower cost of bor- the economy, leading to a cycle of the US. The combination of these two rowing would also lead to a greater inflation, as increasing labour costs factors means that the US is unlikely to level of investment by industry and push the price of goods higher. A mon- make substantial concessions on its subsequent productivity gains, as well etary union would have the effect of role in setting monetary policy within as a lower cost of housing increasing removing this currency depreciation, its own borders, and consequently the standard of living. and as a result would reduce the power within the union. Grubel also argues that a mone- of the labour markets to negotiate Murray advocates flexible tary union leads to greater price stabil- higher wages, thus helping Canadian exchange rates because of the benefits ity because price stability is a function firms to improve their efficiency. derived from controlling monetary pol- of the size and diversity of a currency icy. This argument is supported by area, and the probability of opposite recent developments in the Eurozone,

Figure A Measure Canada USA Absolute terms of trade correlation with oil price 0.85 -0.89 Absolute terms of trade correlation with non-oil commodity price 0.87 -0.92 The data show that for Canada, the terms of trade (the relationship between the prices at which a country sells its exports and the prices paid for its imports) are positively correlated to the price of commodities, whereas for the USA the correlation in negative. Movements in the relative terms of trade between the two nations will be exaggerated by movements in the absolute terms of trade. This leads to the conclusion that different monetary policies would be required in each nation following a commodity price shock. Thus, a currency union would be unworkable, due to the common monetary policy that such a union requires.

INSIGHTS AIB Newsletter - Third Quarter 2001 17 where there are concerns that the reduce the threat from the Euro to the without the long-term political and European Central Bank’s discount rate supremacy of the US dollar (with hind- economic integration that a union may be out of step with the economy sight we see that this was over empha- would require, while possibly provid- of one of the key constituents of the sised - the Euro has dropped by over ing a stepping stone towards a union. monetary union. Germany, the largest 20% against the US dollar since its Hanke and Schulerxvi conclude that the of the Eurozone economies, appears to launch, greatly reducing the extent to currency-board system offers a "means be in the midst of a slowdown that which it may be a substitute for the US to establish sound money" in the requires lower interest rates to kick- currency, and the US dollar’s strength Americas, and would provide a base start a recovery. It is estimated that the in the face of recent drops in the value from which to evolve to a common ECB rate may be at least 50bp above of the NASDAQ and Dow Jones, and currency. However, with the recent the optimum interest rate for Germany. cuts in the Federal Reserve discount developments in Germany highlighted As long as the German economy con- rate, confirms its current position as earlier, and the looming worldwide tinues to grow at a slower rate than the the predominant world currency). recession, North America may be well rest of the Eurozone, this gap will On balance, while the literature served to wait to see what develops in become more exaggerated. The advocating the introduction of the the next few years before committing xiv Economist posed the question "How monetary union is compelling from an itself to anything. When the time does long before the Germans start yearning economic point-of-view, doubts come to act, it seems that the benefits for a central bank of their own?" remain about the validity of common of monetary union or dollarization for Murray also believes that floating fiscal policy across multiple Canada and Mexico are clear, and the rates provide a buffer in the event of an economies. A further issue is why the costs to the US are limited. This oppor- asymmetric economic shock. In the USA should choose to join a union. tunity to strengthen the bond between short-term, movements in the nominal Equally, it is unclear whether there the NAFTA partners should certainly exchange rate can offset the effects of would be the political will within the be considered. More research is need- a shock, and help to ease the transition Canadian government, and support ed however. to a new equilibrium if the shock is from the electorate, to push through It is useful to remember the story enduring. This may be of increasingly such a proposal. As one advisor to of the two economists stranded on a limited value, because, since the Prime Minister Chretien notes, dollar- desert island with nothing to eat but implementation of the FTA, only one ization remains ‘completely taboo in sealed tins of food, and no means of of Canada’s five fastest growing export respectable Canadian society.’xv opening them. One turns to the other sectors has been commodity based. Pressure for a monetary union is and says, "if we assume that we have a Four of the five sectors that experi- greater from Mexico than it is in tin opener…" Academics addressing enced fastest contraction were com- Canada, with the head of the Mexican the question of monetary union need to modities, indicating a reducing Bankers Association calling for mone- bring a level of reality to their studies. dependence on commodities. tary union, and a prominent business A key question to address is whether organisation calling for dollarization. there is a significant body of support Some Conclusions and Clearly Mexico has much to gain from for monetary union within both Thoughts on Needed Research closer ties with the USA, and a stable Canada and the USA. It is also impor- Grubel argues effectively in favour currency can only serve to increase the tant to detail the benefits that would of a currency union on the basis of effi- attractiveness of Mexico as a source of accrue to the two countries, as identi- ciency gains, and supports his argu- foreign direct investment for firms fying and quantifying these will be ments with econometric data as well as wishing to find a base within the vital if the idea is to be sold to the gov- evidence from studies on the expected NAFTA area. This is something that ernments and their electorates. benefits of the Euro. The study is lim- Canada must bear in mind, as to some Monetary union in North America ited, however, in its examination of the extent Mexico’s gain in attracting highlights many of the problems asso- costs of the union. A brief examination inward investment may be Canada’s ciated with both fixed and floating is made of the impact of the loss of loss. If Mexico were to pursue either exchange rates. The precedent of the economic, political and economic sov- dollarization or a monetary union with Euro and the possible dollarization of ereignty on Canada, only a weak case the USA, the pressure on Canada to do Mexico adds a sense of urgency to the is made for why the USA would want likewise would increase. discussion, and should help to move to join such a union - that it is in the the debate from being purely theoretic The adoption of a system of interests of the US to have strong and to being of real practical value to poli- pegged exchange rates may provide stable neighbours, and that a North cymakers in the North American American Monetary Union would the benefits of the monetary union

18 AIB Newsletter - Third Quarter 2001 INSIGHTS region. Continued debate is needed, and the papers discussed have laid foundations on which further research and investigation can be based. It is likely that in the next few years econometric studies of the benefits of the Euro will emerge which will be applicable to the study of this area. Empirical research should be carried out to attempt to quantify the specific costs and benefits to all three members of NAFTA, resulting from the introduction of a monetary union. This could take the form of a scenario analysis incorporating differing values for the economic growth rates of each nation, commodity prices, intra- NAFTA trade levels, and so on. Endnotes i Crow, J., (1996). "The Floating Canadian Dollar in our ix Courchene, T.C. & Harris, R.G., (2000). "North American Future" in Thomas J. Courchene (ed.) Policy Frameworks for Monetary Union: analytical principles and operational guide- a Knowledge Economy, Volume 4 in the Bell Canada Papers lines." North American Journal of Economics and Finance, on Economic and Public Policy (Kingston: The John Deutsch 11, pp.3-18. Institute, Queen's University) 11-36. x Grubel, H.G., (1999). "The case for the Amero: the econom- ii Eichengreen, B., (1995). "International Monetary ics and politics of a North American Monetary Union." Arrangements for the 21st Century." The Brookings Critical Issues Bulletin. Fraser Institute: Vancouver. Institution: Washington, D.C.. xi Clement, N.C.; del Castillo Vera, G.; Gerber, J.; Kerr, W.A.; iii Ellis, E., (2001). " A Way to Stop the Aussie Dollar’s Slide?" MacFadyen, A.J.; Shedd, S.; Zepeda, E. & Alarcón, D., Business Week: April, 20 2001. (1999). "North American economic integration: theory and iv Barro, R.J., (2001). "A ‘Yankee Imperialist’ Offers Asia a practice." Edward Elgar: Cheltenham. Road Map." Business Week: June 11, 2001. xii Murray, J., (1999). "Why Canada needs a flexible exchange v Grubel, H.G., (1999). "The case for the Amero: the econom- rate." Paper presented at the conference "Should Canada and ics and politics of a North American Monetary Union." the United States adopt a common currency?" Western Critical Issues Bulletin. Fraser Institute: Vancouver. & Washington University, April 30, 1999. Murray, J., (1999). "Why Canada needs a flexible exchange xiii Roger, S. (1991). "Terms of Trade Movements in Major rate." Paper presented at the conference "Should Canada and Industrial Countries." Bank of Canada Working Paper No.91- the United States adopt a common currency?" Western 2. Washington University, April 30, 1999. xiv The Economist, (2001). "European economies: France 1 vi Harris, R.G., (2000). "The case for North American Germany 0." (March 17) Monetary Union." ISUMA 1(1), Spring 2000. xv Toulin, A., ‘Union with the US on the Table: PM’s Advisor’, vii Courchene, T.C. & Harris, R.G., (2000). "North American National Post, 29 June 2001, http://nationalpost.com. Monetary Union: analytical principles and operational guide- xvi Hanke, S. & Schuler, K., (1993). "Currency Boards for Latin lines." North American Journal of Economics and Finance, America," in Nissan Liviatan (ed.) Proceedings of a 11, pp.3-18. Conference on Currency Substitution and Currency Boards, viii Kruger, A.O., (2000). "NAFTA’s effects: A preliminary Washington: The World Bank. assessment." The World Economy, 23(6) June, Blackwell: Oxford.

Blunders in International Business International business people often Of course, people have poorly translated encounter some interesting signs in their English into other languages as well. hotels while traveling overseas. Some of those recently reported follow (try to "Violators will be fined" was translated guess where they were found): into Spanish to say "Rapists will be deceased"? (Phoenix) 1. "Please leave your values at the front desk" The posters and printed advertisements 2. "Visitors are expected to complain to "Hear the concert of the year" were at the office between the hours of 9 not very effective in the Spanish speak- and 11 am daily" ing community when it was incorrectly 3. "The flattening of underwear with translated to say "Hear the concert of the pleasure of the job of the chamber- anus" Ð what a difference one little mark maid" over an "N" can make (also in Phoenix) 4. "The lift is being fixed for the next day. During that time we regret that Thanks to David A. Ricks

you will be unbearable" (University of Missouri, St. Louis)

hens 3: Zagreb 4: Bucharest) 4: Zagreb 3: hens At 2: Paris 1:

(Locations for above blunders: above for (Locations for sharing these

INSIGHTS AIB Newsletter - Third Quarter 2001 19 Using Video Clips in the Classroom

Allan Bird University of Missouri, St. Louis

e now work with students (be they undergradu- videos such as "Going International," few films or shows ates, graduates or executives) who were raised are worth spending an entire class session or two watching. in the highly visual world of movies and televi- Consequently, I have moved in the direction of using short W segments, often 3 to 5 minutes in length to demonstrate spe- sion. In particular, television seems to have had a dramatic impact on students’ classroom expectations in two ways. cific concepts. Not only do students seem to enjoy the clips, First, students expect to do more than read and listen. They but also from their comments and their performance on are accustomed to taking things in visually as well as aural- exams it also appears that they are learning more. ly, and at a fast pace. Lectures and even the now-popular In three sections below I share some ideas that I have Powerpoint presentations pale in comparison to the world of gleaned from readings, workshops and discussions with col- movies and television when it comes to communicating leagues about how to use clips effectively. The first section complex, multi-layered messages. Second, students have a addresses some of the mechanics of presenting the clips and shorter attention span. They can, but would prefer not to, sit incorporating them into your lesson plan. The second sec- for long periods of time listening, or even talking. tion provides some suggestions on how to locate new clips, something that is essential in order to keep material timely. In response to these realities, I have sought ways to The last section contains a list of films and television show present concepts and models through the use of movies and episodes that I have found useful in my own teaching. television shows. Except for a few made-for-teaching

USING CLIPS SUCESSFULLY Based on my experience using clips in the classroom, I offer the following advice to make them a successful learning experience, for the lecturer and students. 1. Set the stage > Make sure the tape is properly cued > Know the location of room lights and how they function (Can they be dimmed? Can you leave some areas lit? Can you move to and from VCR and monitor controls when turning the lights on and off?) > Check the sound levels (Can the sound be heard clearly throughout the room? Does the sound come on imme- diately? Can the volume be adjusted easily during play?) > Check sight lines (Do all seats have a clear view of the monitor? Is the monitor sufficiently large to allow all seats to see on-screen details clearly?) Thoughts: Consider preparing a personalized checklist of what needs to be done to prepare the rooms where you teach. Doing so will avoid costly miscues and foul-ups which detract from the learning experience. Because you are working with a short segment, it is important that all set up be done in advance of the start of the session and that the transition into and out of the video segment be smooth and quick.

20 AIB Newsletter - Third Quarter 2001 INSIGHTS 2. Warm up the crowd SOURCES OF VIDEO CLIPS > Don’t assume that students will be able to grasp the point (explain why you are showing this clip; Many schools have excellent personnel capable of help- what students will learn, provide background regarding you to prepare clips for classroom presentation. You ing the clip and where it fits into the larger video have to provide them with the content. That means you from which it is drawn, indicate what students ought have to go looking for it. For me the key is being ready to look for or pay attention to) to come across material. More than once I have been > Draw connections to lectures prior to viewing watching a show and thought to myself, "That last seg- (note that the demonstration of a behavior or the con- ment would have been great for my module on ‘Cultural sequence of some action will be contained in the clip, Differences in Negotiating Styles’ (or some other mod- arouse interest and curiosity by mentioning that they ule." Unfortunately, I wasn’t prepared, and so the mate- will see a clip which drives the point home) > Where appropriate, comment on the cinematog- rial was lost. To avoid seeing, but not hanging on to raphy or the film itself (the way in which a segment good material, I would offer the following advice. is shot may also contain important information or shape the viewing experience, the time or location of 1. Have VCR, will record the film may also be important to understanding it) a. TV Guide is your friend > Don’t overdo the warm-up (keep comments short i. check weekly listings for anything that might and to the point, don’t oversell or over-describe the be interesting clip, don’t interpret the clip in advance) ii. put post-it notes on the TV or VCR with broadcast information on them 3. See the show b. check out the regulars > Watching in class is a communal experience (stu- i. news programs such as 60 Minutes, 20/20. dent reactions affect the experience of those around Frontline, Nightline them, some students may feel uncomfortable with some clips) ii. PBS regular and occasional series such as > Be sure that the class is ready (have students put Masterpiece Theater, The Brain down pens and pencils, students should be comfort- c. keep one in the chamber able, everyone should be quiet) i. keep one tape handy on which you can record at a moment’s notice for when you come across 4. Bring up the lights something unexpectedly; you can transfer the > Get students to talk (give students a chance to talk, clip to a clean tape or to your computer later ask "what did you see?" questions as well as "what ii. family members and friends can also record did you think?", ask students to draw parallels or things for you make extensions of what they saw or thought to other d. you can always erase contexts as well as to concepts and models they’ve previously covered in the course, psychoanalyze the 2. Make your local video store an ally actors: what are their motives? what are they thinking? Dissect the situation: why is it that way? how a. put together a list of movies that you think might does it affect the actors?) be useful > Move on to interactive activities (re-viewing the i. consider the classics clip - focus attention in light of discussion, cover part ii. try foreign films of the screen, turn off the sound, freeze-frame analy- iii. stay current with new releases sis) b. talk to store personnel about what they might rec- Thoughts: ommend or what they have seen lately Consider role-playing the scene - take roles in the i. many films are released directly to video, clip, play the scene differently, extend the scene, bypassing movie theaters change the setting ii. films from cable -- HBO, Cinemax Ð are also Use field activities - observe a similar setting or released on video behavior and report on it, visit a site comparable to the one in the clip and report on it, interview people who have been in similar situations to find out how 3. Don’t break the law they behaved a. some movies are worth owning Before & after assessments - have students write b. copying a rental tape or for use other than per- down their expectations, beliefs, or understanding sonal is illegal prior to seeing the clip, have students do the same c. the law remains somewhat vague on some points, thing after seeing the clip, and then compare the two clarify what the policies are at your institution

INSIGHTS AIB Newsletter - Third Quarter 2001 21 SUGGESTED VIDEOS

The following list is not intended as an exhaustive catalog of video sources for classes on international management. Rather, it is intended as a guide to possible sources of video clips as well as an illustration of the types of videos that I have found effective. The use of clips, however, is a highly personal one. The specific segment of video to be used, the length of the clip, its placement within the curriculum and its relationship to various concepts and ideas is highly subjective.

American Game, Japanese Rules - A comparison of The Mosquito Coast - An American inventor travels Japanese and American ways of doing things that to Latin America to bring ice to indigenous people and draws analogies between how the two cultures flee the materialism of Western Society. Useful in approach baseball and how they approach business. exploring issues of cultural imperialism and variant Useful in exploring differences required for cultural strains of ethnocentrism. adjustment in differing countries. Also relates to cultural differences in the definition and interpretation of Remember the Titans - Based on a true story, it pres- important concepts such as "fairness." ents the struggle for racial integration of a Virginia high school football team in the early 1970’s. Several Dances with Wolves - A US cavalryman learns to live excellent segments dealing with bridging cultural dif- with a Lakota Sioux tribe. Excellent scenes dealing ferences in communication. with non-verbal communication within and between cultures. Also useful for exploring the inferences Star Trek The Next Generation: A Matter of Honor drawn by participants in cross-cultural encounters. (Episode 34) - Riker volunteers to serve aboard a Klingon starship as part of an officer exchange pro- Gung Ho - A humorous tale about a Japanese car gram. Relates to issues of selection and preparation manufacturer that takes over an American plant in the for international assignments, adjustment to host cul- mid-West. Addresses cross-cultural communication, tures, intercultural sensemaking and problem solving creating a third culture (neither Japanese nor and to cultural sensitivity. American), cultural adjustment from both the sojourn- er and the native perspective. Star Trek The Next Generation: Darmok (Episode 104) - Picard and a Tamarian captain are isolated on Koyaanisqatsi - A striking juxtaposition of scenes of an alien planet and forced to learn how to communi- beauty and splendor from the natural world with cate with one another. Relates to issues of intercultur- images of frenetic, technological modern society set to al communication (both verbal and non-verbal) and haunting music. No narration. Relates well to issues sensemaking. of values relating to technology and man’s control over nature as well as issues related to sustainable Witness - A young Amish boy witnesses a police- development and also stress. man’s murder in Philadelphia. A policeman seeks to protect the boy and himself by hiding in the Amish Last of the Mohicans - A white taken in by the community. Relates well to adjusting to another cul- Mohican tribe protects and then falls in love with an ture, to fitting in. Also useful in explorations of dif- English woman in the midst of the French Indian wars. ferences in cultural values related to materialism, Relates to issues of culture clash, the ability of two responsibility and cultural change. cultures to achieve harmony with one another. Also relates to understanding context.

Local Hero - A quirky, laid-back tale about an American sent to Scotland to negotiate the purchase of a town for conversion into a refinery site. Addresses preferences in communication style, understanding and reading context, and assumptions about counter- parts in negotiations.

22 AIB Newsletter - Third Quarter 2001 INSIGHTS SOUTHWEST USA MIDWEST USA Chapter Conference Annual Meeting March 6-9, 2002 February 27 - March 1, 2002 St. Louis, Missouri Chicago, Illinois (Hotel: Adam’s Mark Hotel) The annual meeting of the Midwest Academy of International The Annual meeting of the 2002 AIB U.S. Southwest Chapter Business will be held in conjunction with the Midwest Business Conference will be held in conjunction with the 2002 Federation Administration Association annual meetings in Chicago during of Business Disciplines (formerly Southwestern Federation of Administrative Disciplines-SWFAD) Conference, St. Louis, February 27, 28, and March 1, 2002. Missouri, (Adam’s Mark Hotel) March 6-9, 2002. You are invited to submit papers and/or panel proposals that deal with any international business topic. Papers that cross tradi- Researchers around the world are encouraged to submit compet- tional functional boundaries, span several borders, and deal with itive papers, work-in-progress, symposia and workshops from the broad conference theme, "International Business in the all fields of International Business and its related areas. Submissions addressing internatinoal management, finance, Twenty-first century: The Challenges and Opportunities for marketing, educaiton, law, e-commerce, economics, strategy, or Enterprises in Old and New Economy," are especially welcome. trade are particularly welcome, as are submissions investigating Panel proposals related to global strategy, international finance, any type of cross-cultural or foreign (non-U.S.) country-specific international marketing, international supply chain management, phenomenon. international human resource management, international ecom- Submission Guidelines are as follows: merce, and transition economies are especially welcome. Doctoral students are strongly encouraged to submit papers to a 1. Authors may submit doctoral student session. A proceedings issue is published and dis- (a) full-length papers, tributed at the conference. There is also "Distinguished Paper (b) research-in-progress papers, or Award." (c) proposals for special panels 2. All full-length papers and research-in-progress papers will be double-blind reviewed. Accepted full-length papers will Submission rules: be published in the SOUTHWEST REVIEW OF INTER- NATIONAL BUSINESS RESEARCH (the conference pro- 1. One copy of the complete paper must be received by ceedings) October 1, 2001. (No extensions or abstracts). Please 3. Full-length papers should not exceed 30 double-spaced provide a Microsoft Word disk version. pages. 2. Completed papers are not to exceed twenty-five double- 4. Research-in-progress papers should not exceed 10 double- spaced typewritten pages including figures, tables, and spaced pages. references. 5. Proposals for special panels should not exceed 4 double- 3. A title page with a complete list of authors, addresses, spaced pages. The proposals should include the purpose of and phone numbers (and email addresses if available) the panel, the names and affiliations of participants, a sum- should be included as a cover sheet. The first page of text mary of contributions, and the justification for the proposal. 6. Submit 3 copies of the paper or proposal directly to the should include the title of the paper but not the authors' Program Chair OR submit your paper or proposal electroni- names or affiliations. Paper submissions to the confer- cally via email in Microsoft Word format. Email submis- ence are double blind reviewed. Papers should follow the sions are highly encouraged! Please indicate in the cover let- style guidelines of Journal of International Business ter the subject area and whether the paper is a full paper, Studies. research-in-progress or panel proposal. Awards will be pre- 4. Panel proposals must be complete and detailed as to sented for the best submissions. (a) the topic of the session, 7. Individuals wishing to serve as session chairs, discussants, (b) who will present, and and/or reviewers should contact the Program Chair. (c) what material will be presented. Panel proposals must be received by October 1, 2001. Submission deadline: October 15, 2001 5. Submissions must be original and must not have been For further information, contact: previously published or presented at another conference. 6. All panel and paper submissions should be sent to: Wolfgang Hinck College of Business Administration Sumit K. Kundu The University of Texas-Pan American Program Chair - Midwest AIB 2002 Meeting 1201 West University Dr Associate Professor of International Business Edinburg, Texas 78539-2999 Boeing Institute of International Business Tel: (956) 381-2105 John Cook School of Business Fax: (956) 381-2867 Saint Louis University, 307 Davis Shaughnessy Hall [email protected] 3674 Lindell Boulevard Saint Louis, MO 63108 U.S.A. Chapter Web Site: http://wtfaculty.wtamu.edu/~sanwar.bus/aibsw.html Telephone: (314) 977-3601 / Fax: (314) 977-7188 Email: [email protected]

CHAPTER NEWS AIB Newsletter - Third Quarter 2001 23 Our first annual meeting in summer Geographies and International Business THE AIB 2002 Annual Meeting at the Caribe Hilton San Juan, Puerto Rico

June 28 - July 1, 2002

he Academy of International Business 2002 Annual Meeting will take place at the beautiful Caribe Hilton San Juan, in Puerto Rico. It is being hosted by the TUniversity of Puerto Rico. The 2002 program chair is Lorraine Eden of Texas A&M University. Holding our AIB 2002 meeting in Puerto Rico suggests a conference theme that focuses on the interaction of geography and international business. We include not only the geography and microstates such as Puerto Rico, but all varieties of geography. Country characteristics such as size, location and internal geographic features can be important attractions or deterrents to international business. Much recent IB literature draws its inspiration from geography. At the same time, the absence of geography also is of critical interest to IB scholars. At the AIB 2002 conference, Geographies and International Business will be the general theme. Please visit www.aibworld.net and click on EVENTS for all the most up-to-date information on the 2002 meeting. Submission deadline is December 17, 2001. Submissions must be electronic (email, web or diskette; email is preferred). For more information, contact the AIB Executive Secretariat office, or the program chair at the following address: Lorraine Eden, AIB 2002 Program Chair, Dept. of Management, TAMU 4221, Texas A&M University, College Station Texas 77843-4221, USA or e-mail: [email protected].

For more information, please visit the AIB Web site at www.aibworld.net AIB The Caribe Hilton San Juan in Puerto Rico

24 AIB Newsletter - Third Quarter 2001 2002 MEETING MISCELLANEOUS ANNOUNCEMENTS

Calls for Papers

Global Interdependence and Language, M&A Summit 2002 International Academy of Culture and Business (CIBER 2002) Calgary Alberta, Canada African Business and June 6-9, 2002 Development The conference seeks to bring together business 3rd Annual Conference and language professionals and academics to dis- The M&A Summit 2002 will be April 3-6, 2002 cuss the juncture of foreign language, culture, and held June 6-9, 2002 at the Port Elizabeth, S. Africa business in education today. Global interdepend- Sheraton Suites, Eau Claire in ence demands an educational milieu to match Calgary, Alberta, Canada. This is The main theme of the conference reality. U.S. students must be able to take advan- the first international conference is “Expanding the Horizons of tage of new opportunities, environments, organi- to be held in North America African Business and zations, and technologies that are shaping the specifically dedicated to bring- Development.” The conference world. Business/language/literature faculties pos- ing together scholars and practi- will feature contributed paper ses- sess untapped opportunities to join their respec- tioners from around the world to sions, plenary presentations, case tive disciplines to create curricula, pedagogies, explore NEW thinking about the studies, and panel sessions. educational materials, and technologies relevant management of mergers and Papers will undergo a blind, mul- for students' futures as part of an interdependent acquisitions. tiple referee process and will be global economy. published in the conference pro- We welcome both established ceedings. The primary goal of this We welcome submissions exploring theoretical, and new scholars at this event conference is to provide a unique empirical, and practical approaches to integrating that will include well-known international forum to facilitate foreign language instruction, cross-cultural stud- academic and practitioner the exchange of leading-edge ies, and international business education to pre- keynote speakers, paper ses- ideas for effective advancement pare for a globally interdependent world. sions, CEO roundtables, panel of knowledge in African business. Presentations may focus on the K-12, undergrad- presentations and expert work- This will be achieved through uate, post-graduate, or professional levels. shops. multi-disciplinary presentations and discussions of current busi- Presentations should not exceed 20 minutes. Send The call for papers and paper ness and development issues in proposals for papers via email attachment to submission guidelines are cur- Africa. [email protected], with cc: rently available on the confer- [email protected]. Deadline for receipt: ence website at www.masum- We welcome the submission of December 7, 2001. Invitations to participate in mit.com. Proposals accepted papers that address the conference the program will be issued by 1/11/02. through a refereed process will theme as well as all functional be published in a proceedings, areas of business. Deadline for Organized and hosted by the Centers for and selected complete papers submission of papers is International Business Education and Research will be included in a published (CIBER) at Duke University and the University of November 15, 2001. For more edited volume. North Carolina at Chapel Hill. Cosponsored by information, please contact the the CIBERs at Brigham Young University, conference chair: Submission deadline is Florida International University, San Diego State Martheanne Finnemore University, Thunderbird-The American Graduate November 15, 2001. For more Dean, Faculty of Economic and School of International Management, University information, please contact: Building Sciences of South Carolina, University of Texas-Austin, Dr. Amy L. Pablo University of Port Elizabeth and University of Utah. Faculty of Management PO Box 1600 University of Calgary Port Elizabeth 6000 For more information, please contact the 403-220-8537 ph. South Africa Conference coordinator, Marybeth Lavrakas, at 403-282-0095 fax tel: +27-41-5042906 [email protected] and visit the web site at [email protected] fax: +27-41-5042647 http://faculty.fuqua.duke.edu/ciber www.masummit.com email: [email protected]

ANNOUNCEMENTS AIB Newsletter - Third Quarter 2001 25 MISCELLANEOUS ANNOUNCEMENTS Calls for Papers Newsletter Info Northeast Decision Sciences Institute 2002 Annual Meeting: March 20 - 22, 2002 The AIB Newsletter is proud to share the latest Caribe Hilton Hotel & Casino news about its members in the Members on the San Juan, Puerto Rico Move and Just Off the Press sections. E-mail your professional accomplishments, book publica- The 2002 Annual Meeting of the Northeast Region of the tions, promotions, and honors, to: Decision Sciences Institute will be held on March 20 - 22, [email protected] 2002 at the Caribe Hilton Hotel & Casino in San Juan, Puerto Rico. Or send typed items and photographs via mail to:

Competitive papers or detailed abstracts and proposals for AIB Newsletter symposia, tutorials and workshops are invited in, but not 2404 Maile Way, CBA-C306 limited to, the topic areas listed below. Sessions involving Honolulu, HI 96822-2223 USA practitioners will be given special considerations. Submissions will be blind refereed and those accepted will be published in the Conference Proceedings. By submit- AIB Copy Deadlines are: ting a manuscript, the author certifies that it is not copy- Quarter 1: February 1 righted or previously published, has not been presented or Quarter 2: May 1 accepted for presentation at another professional meeting, Quarter 3: August 1 and is not currently under review for presentation at anoth- Quarter 4: November 1 er professional meeting. In addition, at least one of the authors certifies that it is his/her intention to register for Only items received on or before the first working and attend the conference to present the paper if it is day after the deadline will be considered for publi- accepted. All papers, abstracts and workshop proposals cation. Fax us at (808) 956-3261 for information must be postmarked on or before October 8, 2001. regarding our advertising and promotional services. Program Tracks: Accounting; Business Ethics & Business Law; Case Development and Teaching; Feature Articles for Insights Curriculum and Students, E-Business; Finance and Real For consideration in Insights, feature articles may Estate; International Business; Management Science & be sent at any time to Newsletter Submissions Operations Research; MIS, DSS, AI and Microcomputers; Editor Betty Jane Punnett. Submissions should be Marketing; Organizational Theory, Behavior & Strategy; a maximum of 2000 words and of general interest Outcome Assessment; Production & Operation to the AIB membership. See page 12 for details. Management - Manufacturing/Services; Quality & Productivity; Service and Health Care Management; Send articles as a Word attachment or as text in Statistical Theory & Applications. the body of the message to: For more information, please contact: [email protected] Barbara E. Withers, PhD NEDSI Program Chair You may also mail articles with a diskette to: School of Business Administration 5998 Alcala Park University of San Diego Betty Jane Punnett San Diego, California 92110 Dept. of Management Studies Email: [email protected] The University of the West Indies Phone: (619) 260-2380 Cave Hill, Barbados Fax: (619) 260-4891 West Indies

26 AIB Newsletter - Third Quarter 2001 ANNOUNCEMENTS Global Corporate Finance, 5th Edition The Business Association of Latin Suk Kim, Seung Kim, and Kenneth Kim American Studies (BALAS) Annual Blackwell Publishers, 2002 Conference March 20-23, 2002; Wyndham Harbour Island The fifth edition of Global Corporate Finance is suit- Hotel, Tampa, Florida able for both undergraduate and graduate courses in “Transformations in Latin America: international finance. This book may be used success- Innovations in Leadership, Technology, and fully in college courses and in professional seminars all Entrepreneurship” over the world, because it does not take a specific national viewpoint, it is self-contained, and it combines BALAS is an international organization with a theory with applications. Global Corporate Finance, Latin American focus dedicated to bringing togeth- one of the most popular textbooks in the field, has been er scholars and professional managers to facilitate used at over 200 colleges, universities, and management the exchange of ideas and information, to stimulate development programs worldwide, because it stresses the development of economic research, and to pro- practical applications in a user-friendly format. mote and foster leadership in Latin American busi- Global Corporate Finance provides students with the ness organizations. Papers will be accepted on all practical skills needed to understand global financial aspects of business related to transformations and problems and techniques. The fifth edition of this distin- innovations in Latin America. Although English is guished text has been completely revised in the areas of the language of the conference and the presenta- shareholder value and corporate governance, global tions, papers may be submitted in Spanish or strategy, and corporate finance practices, while its Portuguese. All papers are subject to blind review. approach is still grounded in readability, case studies, Selected papers are eligible for publication in the the basics, and user-friendliness. conference Proceedings. The deadline for submis- The fifth edition of Global Corporate Finance is sion of papers is November 1, 2001. accompanied by a highly extensive set of supplements. A comprehensive Instructor's Manual is available for The conference will be organized around adopters of this book from Blackwell Publishers. And twelve tracks: 1) Accounting, Taxation and the following textbook-related items are available on our Management Information and Control Systems; 3) website: a study guide, transparency masters of lecture Cultural, Social, and Ethical Issues; 4) Economic notes prepared by the authors, and currency symbols and Environment; 5) Financial Markets and Financial codes. Our website is an integral part of the fifth edition. Management; 6) Human Resource Management; In addition to providing useful information about the 7) International Business and Global Competitive book, our site will also direct visitors to World Wide Business Practices; 8) Western Hemispheric Web sites in three related areas: international business, Issues; 9) Information and Technology investments, and student needs. To help visitors use our Management; 10) Marketing; 11) Strategic website more effectively, we have developed 40 Internet Management; 12) Teaching Cases. exercises and posted them on our home page. For additional information visit the BALAS To obtain a copy of the book, please contact: Web site: http://www.balas.org or contact either Blackwell Publishers: ISBN 0-631-22951-5 (hardback) of the conference co-chairs: Dr. Corinne Young: PO Box 20 [email protected] or Dr. Marcy Kittner: Williston, VT 05495, USA Tel: (800) 216-2522 [email protected]. Fax: (802) 864-7626

Blackwell Publishers: ISBN 0-631-22952-3 (paperback) The conference is sponsored by the John H. PO Box 269, Abingdon Sykes College of Business at the Oxon OX14 4YN, UK Tel: +44(0)1235 465500 University of Tampa. Fax: +44(0)1235 465555

ADVERTISEMENTS AIB Newsletter - Third Quarter 2001 27 University of Pennsylvania Position Announcement position announcement

Multinational Management The Stockholm School of Economics – SSE – is seeking to fill a tenured position as Professor of Business Administration in The Department of Management of the Wharton International Business based at the Institute of International Business – IIB. The position is guaranteed by the Institute of School is recruiting for a tenure track position in International Business Endowment. Multinational Management. Although we have a prefer- ence for entry-level candidates, we would be willing to The Stockholm School of Economics, a top tier business school in consider applications at all levels. Europe, was founded by royal statute in 1909 in response to a need for increased professionalism in the Swedish business community. Over the years, the school has built a worldwide reputation around Multinational Management is a research area. its research and educational programs. SSE with a faculty of more Other areas include: Strategy, Organizational Behavior, than 40 full professors and some 350 researchers is a member of the Human Resources Management and Entrepreneurship. Community of European Management Schools, CEMS, and is fully Applicants should be solidly grounded in one of these accredited by EQUIS. areas, or in a relevant social science discipline, and The Institute of International Business was established in 1975 to demonstrate strong international interests. strengthen SSE’s position in international business research and educational programs. Three of the schools prominent honorary doc- The Wharton School and the Department of tors and long time supporters, Dr Ruben Rausing and Drs Jacob Management are fully committed to globalization. The and Marcus Wallenberg initiated the creation of the institute and the IIB student body is very international and an innovative and Endowment. Today, with over 20 faculty members and researchers, IIB offers an exciting and supportive research climate. Research and exciting program is in place which will globalize the cur- education programs focus on four related areas: Competition and riculum, students, and faculty. As Multinational Strategy (C&S), Innovation and Entrepreneurship (I&E), Management is an integral part of the Department, facul- International Management (IM) and Cross-Cultural Management ty have a unique opportunity to pursue international and (CCM). functional management interests in research and teaching. The applicants who will be considered for this position must have a highly recognized international research profile in the field of Successful candidates will be able to demonstrate International Business, and should demonstrate excellent research outstanding research potential as well as a strong interest skills in combining different theoretical bodies to mirror the trans- and competence in teaching. Applicants for other than disciplinary tradition of IIB. The applicant must show a recent entry level positions should have a solid record of publi- record of scientific publication in peer-reviewed publications of the highest international standing. cation in first rate academic journals. For further information about the position, please contact Professor The University of Pennsylvania is an equal Örjan Sölvell, Director of the Institute of International Business, opportunity employer and takes its obligation in that area Stockholm School of Economics (Tel +46-8-736 95 01 Fax +46-8- very seriously. Please indicate in your cover letter 31 99 27 E-mail [email protected] www.iib.edu).

which areas you wish to be considered. Send applica- Applications should be addressed to the Board of Directors at the tion materials -- cover letter, cv, 3 letters of recommenda- Stockholm School of Economics. In addition to a curriculum vitae, tion, sample publications and abstracts-- preferably via include 10 chosen scientific works (four copies of each work) to the E-mail with attachment (Word or WordPerfect preferred) address below. All materials must be received by October 1, 2001. to: [email protected] OR by mail to: Chair, Department of Management The Registrar The Wharton School Stockholm School of Economics University of Pennsylvania P.O. Box 6501 SE-113 83 Stockholm 2028 Steinberg-Dietrich Hall SWEDEN Philadelphia, PA 19104-6370

Applicants should send materials by November 1, 2001

AA/EEO Employer

28 AIB Newsletter - Third Quarter 2001 ADVERTISEMENTS Graduate School of Economics and Management Tohoku University, JAPAN

Tohoku University is the third oldest national university in Deadline for Application: September 30, 2001 Japan and was ranked No.1 among Asian universities in Annual Salary and Fringe Benefits: Annual salary is 1998. It is located in the City of Sendai, which has a popula- approximately 5 million yen, including a “bonus”. Its exact tion of one million and is about 2 hours from Tokyo by train. amount is determined taking into account the candidate’s Sendai is also known as one of the most beautiful cities in educational and teaching experience. Fringe benefits include the country. The School has three departments: Economics, health care, holidays and research grants of approximately Management and Modern Applied Economic Sciences, and 0.6 million yen. University housing may be available. it has established its reputation as a leading school in the Application Procedure: Please send a curriculum vitae, a country with respect to both research and education in these list of research articles published and unpublished, copies of areas. main articles, and an e-mail address to Professor Hajime Position Opening: The School would like to invite a lectur- Hori, the Dean of the Graduate School of Economics and er who teaches American and Latin American Economies in Management. (Please see the address below.) Applicants the English language. This is a two-year contract and during shall be notified of the selection results around December each year, one is required to teach two undergraduate cours- 2001. Please do not hesitate to send an e-mail to es and one graduate course on the above topic. [email protected] for any further inquiry on this position. Qualifications for Application: An applicant should have a Ph.D. degree in the related field or working/teaching experi- Graduate School of Economics and Management ence which is deemed to be its equivalent. An excellent com- Tohoku University mand of English is also required. Kawauchi, Aoba-ku, Sendai 980-8576 Date of Appointment: April 1, 2002 Japan

Faculty Position: The Richard Ivey School of Business General Management / Strategy University of Western Ontario

The Richard Ivey School of Business (former- part of a larger University community with the achievement indicate an interest and ability to ly the Western Business School) is widely rec- equivalent of 26,000 full-time students. The quickly begin playing a leadership role in the ognized for the quality of its management edu- School also is undertaking substantial pro- areas mentioned above. cation. The School’s major activities include: grams of teaching and research activities in a highly regarded MBA program, a small and Asia. This position is subject to budget approval. In selective undergraduate program, a well- accordance with Canadian Immigration established doctoral program active in most The School seeks candidates for at least one requirements, priority will be given to major areas of management; as well as execu- tenure track or limited term position at the Canadian citizens and Permanent Residents of tive education programs for managers, includ- level of Assistant or Associate Professor in the Canada. The Richard Ivey School of Business ing an Executive MBA program. The School General Management / Strategy area. The and the University of Western Ontario are is internationally oriented in curricula, position is available to begin July 2002. The committed to employment equity and wel- research, faculty and students. The School successful candidate will have demonstrated a comes applications from all qualified women supports research dealing with issues of inter- strong commitment to the practice of manage- and men, including visible minorities, aborig- est and relevance to practicing managers. ment in both research and teaching. The abili- inal people and persons with disabilities. Excellence in teaching, and course develop- ty to teach the core Strategy course (formula- ment is highly valued. The faculty is collegial tion and implementation) is essential. A Applicants should send their Curriculum Vitae and engages in interdisciplinary investigation demonstrated interest in international manage- to Professor Rod White, Richard Ivey School as well as independent inquiry. ment and/or the management of rapidly grow- of Business, The University of Western ing enterprises is an asset. Several years of Ontario, London, Ontario, Canada N6A 3K7. The School’s principal location is London, teaching experience with a proven ability in Submission deadline is November 30, 2001. Canada, a community of 326,000 equidistant executive education programs is highly val- from Toronto and Detroit. The Executive ued. Phone: 519-661-4211 MBA facilities are situated in Mississauga, Fax: 519-661-3485 just outside of Toronto, and Hong Kong. Applications for a tenured Associate Professor E-mail: [email protected] Road, air and train links to major Canadian or Full Professor position are encouraged if and U.S. cities are excellent. The School is the candidate’s qualifications and record of

ADVERTISEMENTS AIB Newsletter - Third Quarter 2001 29 AIB INSTITUTIONAL MEMBERSHIP APPLICATION A C A D E M Y O F I N T E R N A T I O N A L B U S I N E S S

Terms of Membership: For an annual fee of US$1,000, a school may designate two faculty members to receive AIB membership and two to receive registration at the AIB’s Annual Meeting. A Ph.D. candidate may also be nominated to receive membership and meeting registration provided that he or she commits to attending the Doctoral Consortium. Each participating institution will be recognized once a year in both the AIB Newsletter and the Annual Meeting Program.

NAMES OF NOMINEES INSTITUTION’S CONTACT INFORMATION - Please write the names of the individuals at your institution Please type or print clearly and remit payment with form. who will receive the benefits listed below. - Attach a copy of the “Individual Membership” form on the next page for each person nominated. - Check off the box for “Institutional Nominee” on the form. FIRST NAME INITIAL FAMILY NAME MEMBERSHIP #1 POSITION TITLE ORGANIZATION FIRST NAME INITIAL FAMILY NAME

STREET ADDRESS LINE 1 POSITION/TITLE FAX NUMBER

STREET ADDRESS LINE 2 E-MAIL

CITY STATE COUNTRY POSTAL CODE MEMBERSHIP #2

TELEPHONE FAX FIRST NAME INITIAL FAMILY NAME

E-MAIL PERSONAL WEB PAGE POSITION/TITLE FAX NUMBER

Make cheques payable to the Academy of International Business. Applicants outside the US must pay by credit card or remit funds by means E-MAIL of an international money order denominated in US dollars or by a check drawn upon a US bank. Foreign cheques must have micro-encoded banking information, including the ABA routing number at the bottom of the cheque, Our institution nominates the following two individuals to a US bank address and have the US dollar amount imprinted on them. The regular annual membership dues of $85 and the Student and Low-income attend the AIB’s Annual Meeting in Sydney, Australia on annual membership of $45 in the Academy of International Business both November 16-19, 2001. include $40 for a one-year subscription to the Journal of International Business Studies. (Federal Employer ID #23-7442958). REGISTRATION #1 (name only if same as #1 above) You must return this form (or a copy) with your payment to ensure FIRST NAME INITIAL FAMILY NAME proper recording. (Return by October 15 for the current meeting.)

AMOUNT PAID: $ ______(Dues for _____ years) POSITION/TITLE FAX NUMBER

METHOD OF PAYMENT: E-MAIL ❑ Cheque (No.: ______Date: ______) ❑ Credit Card (Circle: MasterCard / VISA / AMEX / Diners / Discover) REGISTRATION #2 (name only if same as #2 above) FIRST NAME INITIAL FAMILY NAME

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Signature (if credit card payment) Ph.D. Nominee (Membership and 2001 Registration Fee) MAIL TO: Academy of International Business FIRST NAME INITIAL FAMILY NAME University of Hawai`i at Manoa - CBA 2404 Maile Way (C-306) POSITION/TITLE FAX NUMBER Honolulu, HI 96822-2223 USA FAX TO: (808) 956-3261 E-MAIL

30 AIB Newsletter - Third Quarter 2001 Institutional Form Please fill in your discipline and research Disciplines: / (also write codes on reverse side) interests in the boxes to the right and on the reverse side. Refer to the list below to determine the appropriate codes. Research Interests: //// DISCIPLINE & RESEARCH INTERESTCODES DISCIPLINE & RESEARCH INTERESTCODES

A. ECONOMICS I. LAW A1 INTERNATIONAL TRADE I1 LAW OF CONTRACT A2 THEORY OF FDI AND THE MNE I2 INTERNATIONAL PROPERTY LAW A3 INDUSTRIAL ORGANIZATION I3 EXTRA-TERRITORIALITY A4 TRANSACTION COST ECONOMICS I4 FOREIGN INVESTMENT LAWS A5 ECONOMIC DEVELOPMENT I5 INVESTMENT GUARANTEES & DISPUTE SETTLEMENTS A6 ECONOMIC INTEGRATION I6 NEGOTIATION & BARGAINING PROCEDURES A7 ECONOMICS OF INNOVATION & TECHNOLOGICAL TRANSFER I7 INT’L TRADE LAW & INT’L ORGANIZATIONS A8 OTHER ...... I8 CODES OF CONDUCT I9 OTHER ...... B. FINANCE B1 COST OF CAPITAL & FINANCIAL STRUCTURE J. INTERNATIONAL RELATIONS AND POLITICAL SCIENCE B2 CAPITAL BUDGETING J1 POLITICAL RISK ASSESSMENT & MANAGEMENT B3 INTERNATIONAL FINANCIAL MARKETS J2 INTER-GOVERNMENT RELATIONS B4 FOREIGN EXCHANGE MANAGEMENT J3 ISSUES OF SOVEREIGNTY, HEGEMONY & DEPENDENCE B5 INVESTMENT APPRAISAL J4 POLITICAL ASPECTS OF MNE ACTIVITY, BUREAUCRACIES B6 TRANSFER PRICING ISSUES J5 MNES & DISTRIBUTION POWER B7 OTHER ...... J6 PRESSURE GROUPS, PUBLIC AFFAIRS, PUBLIC OPINION J7 OTHER ...... C. ACCOUNTING & TAXATION C1 COMPARATIVE ACCOUNTING SYSTEMS & PRACTICES K. SOCIAL ISSUES C2 INTERNATIONAL FINANCIAL REPORTING K1 ENVIRONMENT & POLLUTION C3 MEASUREMENT ISSUES (E.G., CURRENCY TRANSLATION, INFLATION K2 CONSUMER PROTECTION EFFECTS) K3 INCOME DISTRIBUTION C4 INTERNATIONAL MANAGEMENT ACCOUNTING K4 SOUTH AFRICA C5 PERFORMANCE EVALUATION & CONTROL K5 CULTURAL IMPACT OF MNES C6 AUDITING K6 OTHER ...... C7 INTERNATIONAL TAXATION C8 OTHER ...... L. ECONOMIC & BUSINESS HISTORY L1 ECONOMIC HISTORY D. ORGANIZATION L2 BUSINESS HISTORY (GENERAL) D1 ORGANIZATIONAL STRUCTURE L3 BUSINESS HISTORY (COMPANY SPECIFIC) D2 THE SOCIOLOGY OF ORGANIZATIONS L4 HISTORY OF FDI & THE MNE D3 DECISION-TAKING STRUCTURES, HQ-SUBSIDIARY RELATIONS L5 OTHER ...... D4 INTER-FIRM ORGANIZATIONS (JV, ALLIANCES, NETWORKING) D5 COMPARATIVE ORGANIZATIONAL STUDIES M. COUNTRY OR AREA STUDY D6 OTHER ...... M1 NORTH AMERICA M2 LATIN AMERICA E. MANAGEMENT M3 EUROPE E1 COMPARATIVE MANAGEMENT M4 JAPAN E2 CROSS-CULTURAL MANAGEMENT M5 OTHER ASIA & PACIFIC E3 MANAGEMENT & INFORMATION SYSTEMS (PLANNING, STRATEGY, M6 AFRICA & MIDDLE EAST CONTROL, INFORMATION) (IF INTEREST IN COMPARATIVE STUDIES, PLEASE INDICATE HERE BY E4 MANAGEMENT OF TECHNOLOGY INDICATING 2 OR MORE AREAS, E.G., NORTH AMER/JAPAN AS M1/4) E5 PRODUCTION/SOURCING OPERATIONS MANAGEMENT M7 OTHER ...... E6 MANAGEMENT OF RISK E7 ENTREPRENEURSHIP N. INDUSTRY/SECTORIAL STUDY E8 OTHER ...... N1 PRIMARY N2 SECONDARY F. BUSINESS POLICY N3 SERVICE (IF INTERESTED IN PARTICULAR SECTORS, E.G., PHARMA- F1 BUSINESS STRATEGY CEUTICAL, BANKING, PLEASE STATE) F2 BUSINESS/GOVERNMENT INTERACTION N4 ELECTRONIC COMMERCE F3 BUSINESS & THE ENVIRONMENT F4 BUSINESS POLICY & DEVELOPING COUNTRIES O. POLICY-ORIENTED STUDY F5 GLOBAL COMPETITION & MARKETS O1 COST-BENEFIT ANALYSIS F6 OTHER ...... O2 FOREIGN DIRECT INVESTMENT POLICY O3 INVESTMENT INCENTIVES G. MARKETING O4 PERFORMANCE REQUIREMENTS G1 COMPARATIVE MARKETING O5 NATIONALIZATION, EXPROPRIATION, ETC. G2 INTERNATIONAL MARKETING MANAGEMENT & STRATEGY O6 OTHER ...... G3 CROSS-NATIONAL CONSUMER & INDUSTRIAL BEHAVIOR G4 INT’L PRODUCT/PROM/PRICING/DIST STRATEGY P. EDUCATION & IB G5 EXPORT/IMPORT: FOREIGN MARKET ENTRY MODES P1 PEDAGOGIC ISSUES G6 OTHER ...... P2 CURRICULA & SYLLABI P3 EDUCATION & IB H. HUMAN RESOURCES & INDUSTRIAL RELATIONS P4 RESEARCH METHODOLOGY IN IB H1 HUMAN RESOURCES (INCL PERSONNEL) MANAGEMENT P5 CASE STUDIES H2 COMPARATIVE IR SYSTEMS P6 TEACHER TRAINING IN IB H3 DISPUTE RESOLUTION P7 OTHER ...... H4 LABOR/MANAGEMENT ISSUES (INCL WAGE NEGOTIATIONS) H5 EMPLOYMENT EFFECTS OF FDI & MNE ACTIVITY Q. RESEARCH AREAS NOT COVERED BY GROUPINGS H6 RECRUITING & TRAINING ISSUES Q1 H7 OTHER ...... Q2 ......

Discipline Codes AIB Newsletter - Third Quarter 2001 31 AIB MEMBERSHIP APPLICATION

A C A D E M Y O F I N T E R N A T I O N A L B U S I N E S S

Action(s): ❑ New Membership ❑ Renewal ❑ Address Correction Type of Membership: ❑ Regular - $85 ❑ Student - $45 ❑ Low Income - $45* ❑ Institutional Nominee - $0 ❑ Current member sponsoring dues for new member ______Your Name and ID Number (If Applicable)

Please print clearly or type and remit payment with form. Family (or Last) Name First Name Initial

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Telephone Fax

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Highest Degree Alma Mater

Disciplines Research Interests See Research Codes on the back of this page, or under the Membership link on our Web site at http://www.aibworld.net

Make cheques payable to the Academy of International Business. Overpayments will be processed as gifts FOR OFFICE USE: to the AIBFoundation and/or the Adopt-A-Library program and acknowledged inAIB the Newsletter . Applicants AMOUNT:______outside the US are requested to pay by credit card or to remit funds by means of International money order NAME:______denominated in US dollars or by check drawn upon a US bank. Foreign cheques must have micro-encoded DEP.#: ______banking information, including the ABA routing number at the bottom of the cheque, a US bank address and CHECK#: ______have the US dollar amount imprinted on them. The regular annual membership dues of $85 and the Student DATE: ______and Low-income annual membership of $45 in the Academy of International Business both include $40 for a AREA: ______one-year subscription to the Journal of International Business Studies. Federal Employer ID #23-7442958 REGION: ______

AMOUNT PAID: $______(Dues for ______years) You must return this form (or a copy) with your payment to assure proper recording. Method of Payment:

❑ Cheque (No.: ______Date: ______) MAIL TO: Academy of International Business ❑ Credit Card (Circle One: MasterCard / VISA / AMEX / Diners / Discover) University of Hawaii at Manoa - CBA 2404 Maile Way (C-306) ______Honolulu, HI 96822-2223 USA Credit Card Number FAX TO: (808) 956-3261 Expiration Date: ______/ ______(Month/Year) ______

______* Low income memberships are offered to individuals Signature (If Credit Card payment) with gross annual incomes below US$25,000.

32 AIB Newsletter - Third Quarter 2001 MEMBERSHIP FORM