Global Regulatory Strategy: Key to Competitive Advantage in International Business
In today’s global economy, a firm’s regulatory strategy is not merely a compliance exercise but a critical component of its overall competitive positioning, often as vital as its product or market strategy. International Business elective course — Global Regulatory Strategy — examines how firms, particularly those bringing innovation to market, assess regulatory landscapes and employ diverse non-market strategies for competitive advantage.
Students in the course develop a strong foundation in strategy, learning to distinguish good strategy from bad and move beyond conventional frameworks by using a challenge-based approach to strategy creation. Building on this foundation, the case-based course examines how real-world firms employ strategies — ranging from confrontation and collaboration to lobbying and self-regulation — to drive international expansion.
“This course has given me invaluable insight into the regulatory challenges businesses face and how companies navigate those complexities,” shares current student Kira Ohanian. “By examining case studies of well-known companies, the course has made the material feel tangible and relevant. It offers a unique perspective on corporate strategy and the critical role of non-market influences.”
Course instructor Jeff Mihm, who prior to joining the McCombs faculty served as the CEO of an international pharmaceutical company, explains, “This course is designed to prepare students for the complexities of global business by emphasizing three core competencies: sharp critical thinking, clear and effective communication, and a globally inquisitive mindset. These are not just academic competencies — they are practical tools that empower students to thrive in today’s dynamic global economy.”
Discover more about our innovative IB Curriculum by visiting our website.
