Located where the east meets the west, Turkey is a country poised for growth. Coming off a landslide election which will keep the sitting president at the helm, there are many questions that await. Will the reining party work to revise a constitution considered to be out of date? Six years into its bid to become a member of the European Union, discussions are still uncertain and full membership elusive. Will Turkey relent to the requested domestic reforms to gain full membership into the EU? After an impressive grown of 8.9% in 2010, growth is expected to slow to 6% in 2011 and 4.5% in 2012; what political and economic factors will contribute to this growth? Will the financial stability affecting the EU affect the Turkish economy? Will they be affected by the political instability wracking so many of their Middle Eastern neighbors? The course will explore these challenging questions and other issues related to doing business with and in Turkey.
The course will consist of three classes in New York City that will introduce this complex environment. A week-long visit to Istanbul will include visits to companies addressing the challenges of managing firms in the region, across a variety of sectors. Students will undertake projects that focus on a particular industry or firm and, through corporate visits and additional research, analyze the relationships between firm strategy and local context in this fascinating country.
This class will meet during the B-term on the following Thursdays, 4:00-7:00pm October 25, November 29 and December 6 with one meeting during the spring semester where students will present their final projects. Travel will take place to Istanbul, Turkey from Sunday, January 13, 2013 through Saturday, January 19, 2013.
Global Immersion Program classes bridge classroom lessons and business practices in another country. These three credit classes meet for half a term in New York prior to a one week visit to the country of focus where students will meet with business executives and government officials while working on team projects. Upon return from the travel portion of the class, students will have at least one wrap up meeting at Columbia Business School. The 2012-2013 Global Immersion Program fee for all classes is $1800 and provides students with double occupancy lodging, ground transportation and some meals. It does not cover roundtrip international airfare. Attendance both in New York and in-country and regular participation are a crucial part of the learning experience and as such attendance is mandatory. Students who miss the first class meeting may be removed from the course, and will not have their program fee refunded to them. No program fee refunds will be given after the add/drop period has closed.
Bogachan Celen was a Columbia Business School faculty member from 2004 to 2014.