Course: GSM 7261G
TRIP DATES: March 20-26, 2016
- GSM7261G is a one-credit graded independent study course. Credits for this course will count towards graduation requirements.
- Professor: Professor Gary Knight
- Prerequisites: One semester of Willamette MBA or law coursework and good academic and conduct standing.
- Tuition: There is no tuition charge for GSM7261G for spring semester 2016. Students are responsible for all program fees and estimated costs.
- Course requires attendance and participation in class sessions prior to and following the trip.
- Tentative Itinerary (subject to change)
- Syllabus to come
Estimated Costs: All inclusive of program fee, airfare, visa and meals on your own - estimate - $5298.
- Program Fee: $3198 (includes in-country travel and transportation, double-occupancy hotel rooms and some meals). Students wanting a single room will pay an additional fee of $295.
- Airfare: $1800 estimated
- Visa application and processing: US citizens do not need a visa however, students from other countries of origin may need a visa.
- Estimated additional Costs: $300 (including meals not included in program fee etc)
- Financial Aid: Students eligible for Federal Stafford or Graduate Plus loans may apply to borrow to cover the costs of the trip Contact Shanan Woods in the WU Financial Aid Office
Application Process: Application form
- November 10 - Application Deadline - Apply here.
- December 1 - Full payment required - $3198 (100% of program fee). This will confirm your participation (NOTE: Financial Aid can be increased for current students during fall semester to cover the cost of the trip
Refund Policy: There will be no refunds after December 1st due to policies and procedures with our international partners.
Trip is subject to cancellation if the minimum number of participants is not met.
Passport and Visa Information:
- Valid passport is required
- There is no visa requirement for US Citizens. Visa process and charge varies by country of citizenship. Students can get information here - Information here
COURSE DESCRIPTION AND RATIONALE
The trip includes visits to numerous companies and other organizations in Munich and Berlin. In this course we study (i) fundamentals of international business, (ii) the environments and challenges of Germany and other European markets, (iii) strategies and operations for succeeding in such markets, and (iv) specific aspects of business in Germany.
Germany comprises 16 states with 81 million people. It is the leading economy and the most populous country of the European Union. Germany was the site of two world wars. After 1945, Germany split into two states, West and East Germany, and reunified in 1990.
In the decades following the devastation of World War II, Germany became one of the world’s wealthiest economies. From base of leading industries and high-tech firms, Germany has become the world's third-largest product importer and exporter. The country also has led the way in numerous social and public policy initiatives, including social security, universal health care, and environmental protection. Germany has a rich cultural history, giving birth to many influential artists, musicians, philosophers, entrepreneurs, and scientists.
Germany is home to a high-skill labor force, massive capital stock, low corruption, and world-leading innovation. The service sector comprises about 70 percent of Germany’s economy. As such, the country is home to numerous top services companies, including SAP (enterprise software), Metro (retailing), and Allianz (financial services). Leading multinationals in the manufacturing sector include Siemens, BASF, and Adidas. Germany is home to perhaps the most competitive and innovative firms in the global automotive industry, especially Volkswagen, Daimler, BMW, and Porsche.
Germany is recognized for its specialized small and medium enterprises – the Mittelstand. Some 1,000 of these firms are global market leaders in their segment and labeled “hidden champions”. The country is also home to many thriving startup companies. Germany has Europe’s lowest unemployment rate (5 percent) and one of the world’s highest labor productivity rates, a testament to its economic strength.
The European Union consists of 28 countries and some 500 million consumers. Germany is the EU’s leading member and home to the European Central Bank, headquartered in Frankfurt, which is also the financial center of continental Europe.
In Germany, we will stay in Berlin, the nation’s center of government and start-up firms, and Munich, at the heart of Bavaria and German culture, and one of the world’s most livable cities. In Berlin we will travel mainly by bus and train. In walking-friendly Munich, we’ll often travel on foot.