Doing Business in America - University of Kentucky July 2015

The University of Kentucky’s g at to n c o l l e g e o f b u s i n e s s a n d e c o n o m i c s

Do ing

Business in A m e r i c a

Gain a foundation in American business thinking in a new, two-week program designed for MBA students, executives and business faculty.

gatton.uky.edu/businessinamerica

July 11-25

“There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.”

S a m Wa lt o n

D o i n g B u s i n e s s i n A m e r i c a ( J u ly 1 1 - 2 5 , 2 0 1 5 ) Although the American people are from all corners of the world, the world of business unites them. As a former American president Calvin Coolidge once said, “The chief business of the American people is business.” The Executive Education Center in the University of Kentucky’s Gatton College of Business and Economics is pleased to announce a fascinating two week program designed for MBA students, executives, and business faculty to provide a foundation in American business thinking.

Learn about American legal roots, managerial philosophies, marketing strategies, and supply chain decision making. Through memorable lectures by our best University of Kentucky faculty, visits to leading global corporations, and rich cultural sites, hear about and see firsthand the essence of American business thinking and contemporary business practices. This course will be held on the University of Kentucky campus located in the heart of the beautiful Bluegrass Region in safe and charming Lexington, Kentucky and within walking distance of downtown.*

O p t i o n a l V i s i t t o W a s h i n g t o n , D . C . ( J u ly 2 5 - 2 9 , 2 0 1 5 ) We have partnered with Washington Campus (www.washcampus.edu) to provide you with a three day extended program in Washington, D.C. Tour the Capitol, the U.S. Supreme Court, and attend Congressional hearings. Meet with US trade representatives, diplomats, key legislators, media representatives, corporate government relations representatives, and regulators to delve more deeply into the relationship between government, business, and trade policy. We will take a tour bus from Lexington to Washington, D.C. on July 25.

H o r s e fa r m i n L e x i n g t o n

D o i n g B u s i n e s s i n A m e r i c a C e r t i f i c at e

U.S. Capitol

Complete all ten lectures and attend company and cultural visits and you will receive a Doing Business in America Certificate.

S c o t t Ell i s , Fa c u lt y

Housing & Meals Housing will be in our new state-of-the-art dormitories in double occupancy suites with a connected bathroom with shower. Single rooms are available for an additional charge.

Conveniently located within walking distance to restaurants and downtown. We will provide breakfast and lunch, along with an opening and closing reception.

Th e P r e s e n t e r s Lectures will be provided by the esteemed faculty from the Gatton College of Business and Economics of the University of Kentucky. Our faculty are well-known throughout the world for their expertise, teaching, and research.

U n i v e r s i t y o f K e n t u c ky c a m p u s

Doing Business in America Courses Introduction to American Business Culture and Philosophy America is called the land of opportunity. We will explore the historical foundations of American innovation and entrepreneurship to lend insights into the culture of modern business.

The Legal and Regulatory Environment and Its Influence on the American Approach to Business The American legal system is a complex interaction of the Constitution, and our laws and regulations. Analyze the essentials of the American legal system and its effects upon business.

The Essence of American Financial Institutions Untangle the complex world of American financial markets from investment banking to the Federal Reserve system.

The American Approach to Human Resource Management Equity, equality, and effectiveness conceptually capture the varied American approach to selecting, training, and compensating employees. We will consider the legal and cultural context of managing human resources in the US. MEMORIA L H A L L , UNI V ERSITY OF K ENTUC KY CAMPUS

Entrepreneurship, Innovation, and Venture Capital: An American Tradition From Andrew Carnegie to Steve Jobs many major US corporations began as a simple idea that grew into a major corporation. Discover the factors that affect and contribute to American entreprenuerial success.

The American Consumer What to consider in attempting to satisfy and continue satisfying American consumers and their ever-changing preferences.

Teams and Creativity Organizational Stucture, Design, and Social Capital in the U.S. American businesses compete in many different types of business environments, which require very different formal and informal organizational structures and configurations. We will explore how these structural decisions are made in American businesses.

In spite of a reputation for individualism, Americans are increasingly encouraged to work in teams in the workplace.

We consider how Americans build and work in teams to inspire creativity and innovation.

Global Strategic Decision Making Cross-Border Supply Chains and How Organizations Approach Off-Shoring/On-Shoring Decision Making Uncover the factors and considerations that drive Americans to move work outside the country or bring it back again.

Learn the essence of what forms and shapes top business leaders’ strategic thinking, including how they evaluate the business environment to set long-term goals for their organizations.

H o lly H a p k e , fa c u lt y

Days

1-4

“It doesn’t work to leap a twenty-foot chasm in two ten-foot jumps.”

American Proverb

Saturday, July 11, 2015 ARRIVE / S ETTLE IN We will greet you at the Lexington Bluegrass airport, take you to your residence hall, and help you get settled in.

Sunday, July 12, 2015 BLUE G RA S S / H OR S E F ARM TOUR Take a behind-the-scenes tour of world-renowned Keeneland Racecourse, a driving tour behind the gates of a signature thoroughbred horse farm and a tour through historic downtown Lexington.

Next, head to the heart of the Bluegrass horse country for a reception at the charming Holly Hill Inn for an official welcome by David Blackwell, Dean, Gatton College of Business & Economics.

Finally, enjoy a delicious dinner of local fare.

Monday, July 13, 2015 C l a ss Introduction to American Business Culture and Philosophy * All classes will be held at the Hilary J. Boone Center on the University of Kentucky campus.

Ke e n e lan d rac ecou rse

Monday, July 13, 2015, continued Tour Hunt-Morgan House - In the heart of downtown Lexington.

The Hunt-Morgan family of Central Kentucky ranks as one of the region’s most historic, producing the first millionaire west of the Alleghenies, a civil war general and Kentucky’s first Nobel Prize Winner.

Gove r nor’s mansion

Evening Event

H o lly H i ll i n n

Be part of a live audience at “Woodsongs” Radio Show, a one -hour weekly show focusing on Americana music.

Tuesday, July 14, 2015 C l a ss The Legal and Regulatory Environment and Its Influence on the American Approach to Business

Tour Governor’s Mansion - The State Capitol (one of the nation’s most beautiful statehouses with elaborate murals) and the locally-famous “Floral Clock.” The Governor’s Mansion is located in Frankfort, Kentucky’s state capital.

H u n t- M o r g a n H o u s e

Days

5-9

“Many of life’s failures are people who did not realize how close they were to success when they gave up.”

Th o m a s E d i s o n

Wednesday, July 15, 2015 C l a ss The Essence of American Financial Institutions

Evening Activity Lexington Legends Minor League Baseball Game L e x i n g t o n l e g e n d s b a s e b a ll pa r k

Thursday, July 16, 2015 C l a ss The American Approach to Human Resource Management

Tour Tempur-Sealy International - headquarted in Lexington, Kentucky, is the world’s largest bedding provider. They are a leading and thoughtful innovator in human resources practices.

Evening Activity Thursday Night Live - a free concert series in Downtown Lexington in the Fifth Third Bank Pavilion at Cheapside Park. t h u r s d ay n i g h t l i v e

Friday, July 17, 2015 C l a ss Entrepreneurship, Innovation, and Venture Capital: An American Tradition

Tour Alltech - Alltech was founded by Pearse Lyons, an Irish businessman, in his garage while working in Kentucky. Alltech is a leading animal nutrition and animal health company that is centered on innovation, research and development.

Allt e c h H e a d q u a r t e r s

Saturday, July 18, 2015 Activity Mammoth Cave - A southern Wonder of the World. This 2 hour, 2 mile journey through the natural entrance leads to “classic� Mammoth Cave landmarks visited by writers, scientists, military figures and celebrities of the 1800s and early 1900s.

Sunday, July 19, 2015 Activity Shopping in the largest mall in Kentucky.

M a m m o t h c av e

Days

10-13

“Willingness to change is a strength, even if it means plunging part of the company into total confusion for a while.”

Jac k We lc h

Monday, July 20, 2015 C l a ss Organizational Stucture, Design, and Social Capital in the U.S.

Tour Shaker Village of Pleasant Hill – The Shakers were a religious community known for their simplicity and beautiful architecture. The day starts with a memorable meal at the Inn. Afterwards, tour the fully-restored buildings and wellpreserved natural landscapes for a true feel of Shaker’s unique world. Finally, hop on board the “Dixie Bell” for a ride down the Kentucky River.

Sh a k e r v i ll a g e

Tuesday, July 21, 2015 C l a ss Cross-Border Supply Chains and How Organizations Approach Off-Shoring/On-Shoring Decision Making

Lunch Cracker Barrel - An American favorite, famous for its authentic southern, home-style meals. Afterwards, browse through the country store for a souvenir.

Sh a k e r v i ll a g e

Tuesday, July 21, 2015, continued Tour Toyota Motor Manufacturing - The first wholly owned manufacturing facility in the U.S. (Georgetown, KY) and the largest Toyota plant outside of Japan. Visitors can see what goes into the manufacturing of the Camry, Avalon and Venza vehicles that roll off the line each day.

Wednesday, July 22, 2015

B u f fa l o t r a c e d i s t i ll e r y

C l a ss The American Consumer

Tour

K r o g e r C o r p o r at i o n

Kroger Corporation, headquartered just over the Kentucky border in Cincinnati, Ohio, is America’s largest supermarket chain. It has been recently cited by the Wall Street Journal as a bright spot in the world of supermarket retailers due in part to its success in logistics and e-commerce.

Thursday, July 23, 2015 C l a ss Teams and Creativity

Tour Buffalo Trace Distillery - a National historic landmark, has received international recognition for its award winning bourbons from Pappy Van Winkle to it Sazerac Rye.

T o y o ta m o t o r m a n u fa c t u r i n g

Days

14-15

“Risk comes from not knowing what you’re doing.”

W a r r e n B u ff e t t

Friday, July 24, 2015 C l a ss Global Strategic Decision Making

Tour Yum Brands - (Louisville, KY) is among the world’s largest restaurant companies, operating in more than 125 countries and territories. Their restaurant brands include KFC, Pizza Hut and Taco Bell.

T o u r / R e c e p t i o n / D i n n e r / C e r t i f i c at e C e r e m o n y Our closing ceremony starts with a tour of the Kentucky Horse Park with more than 1,200 rolling acres, that showcase museums, galleries, theaters and exhibits dedicated to all breeds of horses. We will follow with a dinner of traditional Kentucky fare, a certificate ceremony, and “clog dancing” entertainment.

Saturday, July 25, 2015 Transportation to Blue Grass Airport to return home or take a tour bus to Washington, D.C. for those joining us for the optional program.

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OPTIONAL TR I P TO WASH I NGTON, D.C. Monday, July 26, 2015 – Wednesday, July 29, 2015 In your visit to the nation’s capital, Washington Campus (www.washcampus.edu) will provide you with 12 sessions designed to give you an intimate knowledge of American government from people directly shaping American policy. You will have meetings with policy specialists, lobbyists, Congress men and women, diplomats, trade representatives, and media experts with a focus on U.S. and global relations. Tour the Federal Reserve, Capitol Hill, and the U.S. Supreme Court and sit in on Congressional hearings. Included in the cost is transportation from Lexington, Kentucky to Washington, D.C. via tour bus. You will have one day on your own to explore the city.

C ost o f B u sin e ss in A m e rica P ACKA G E A Academic Only* Individual Enrollment $3600/person double occupancy Group Rate Savings (10 or more) $3200/person double occupancy Group Rate Savings (20 or more) $3000/person double occupancy University of Kentucky Conference (includes double occupancy in modern dormitories, two meals per day, airport pick-up and drop off, a welcome and closing ceremony, certificate, transportation to and from company and cultural visits). Participants are responsible for airfare to and from Lexington, Kentucky and most evening meals. Translation services included.

P ACKA G E B Academic + Washington, D.C. Program Individual Enrollment $8,000/person double occupancy Group Rate Savings (10 or more) $7500/person double occupancy Group Rate Savings (20 or more) $7200/person double occupancy Participants are responsible for dinner meals and transportation to the airport. Participants in both the Kentucky and the Washington, D.C. program will fly into Lexington, Kentucky and depart from Washington, D.C. t h e f e d e r a l r e s e rv e

Contact Us for Mor e I n formation Website gatton.uky.edu/businessinamerica

Phone +1.859.257.8746

Email eec.ed@uky.edu