Learning Plan 5: Managing Political Risk, Governme

Learning Plan 5: Managing Political Risk, Government Relations, and AllianceCompetency5. Analyze managerial decision-making and control within the context of international operations.Knowledge and skills leading to mastery of this competency:a. Apply a micro and macro perspective to the analysis of political risk.b. Identify the challenges and opportunities implicit in alliance management.OverviewAs with strategic management, decision-making is also vital to managerial success, particularly when MNCs are faced with probable political risks and contentious government relations. This learning plan explores the nature and analysis of political risks, including techniques for responding to political risks, and identifies the aspects in developing a comprehensive framework to create effective government relations.Learning ActivitiesVIEW the following video, "Starbucks steams into China," uploaded by CNNMoney. This video discusses Starbuck’s Coffee revised strategy after operating in China for 10 years; and how they have transformed a tea-drinking culture into coffee-drinkers. Based on the reasoning made by Howard Schultz, Starbuck’s Coffee CEO, in this video to expand the number of stores in the next 10 years in China, list the reasons why you agree or disagree with him, based on your own independent Internet research on this topic.READ Chapter 10 in the textbook.REVIEW the PowerPoint slides for Chapter 10.READ