As the global economy is evolving with financial crises, the emergence of China as a major power in many economic and non-economic dimensions and the relative decline of Western Powers all suggests a need for multinational organizations to formulate and implement effective new strategies as a necessary survival response to a changing world. The course will explore these fundamental changes with a focus on China and the Asia-Pacific region, and the implications for multinational organizations regarding suitable business models, global footprints, off shoring and outsourcing strategies, emerging markets and new competitors in China and the Asia-Pacific region.