Illinois MBA
2005 Study Tour


January 11, 2005

Scenic Warsaw.Han: I've learned from yesterday's experience that finding something to eat can be quite challenging here, since most people on the street don't really speak English, and we'd like to find something to eat that'd fall into our student budget. So I decided to have a huge breakfast and skip lunch instead today. It turns out that I made the right decision, because right before lunch time, Professor Obloj hands out a 17-page long case about a brick company in Austria, asking us to form groups and present the case after lunch break.

Cruser: Back in class at 8:30 we tackle the theories of internationalization and foreign direct investments (FDI). In a nutshell, globalization is the need to increase efficiency and capitalize on the advantages a particular country has over others. Additionally, firms go international to take advantage of certain capabilities not shared by certain local competitors and leveraging their own competitive advantage to assure success in the new market. This is oversimplified, of course, but proved an exceptionally engaging discussion.

Bencic: Tuesday was an interesting day in class. Professor Obloj was in the mood to entertain the class with some stories from the business world. However, he put a spin to his stories, which made the whole class burst out laughing on numerous occasions. What follows is a selection of funny stories.

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