International Business

Paper Code: 
MIB 321
Credits: 
4
Contact Hours: 
60.00
Objective: 

The purpose of paper is to give students an in-depth knowledge of International Business Environment with an analysis of strategies adopted by exporters while positioning their product globally.

12.00
Unit I: 
Nature of International Business

Introduction, Nature, Scope , Drivers of International Business, International Business Vs Domestic Business, Advantages of International Business, Obstacles to International Business
Multinational Enterprises (MNEs): Meaning, Distinguishing aspects of MNEs, Mode of Foreign Entry: Exports, Contractual Agreements, Own and control assets abroad.

12.00
Unit II: 
Foreign Exchange Market

Organization of Foreign Exchange Markets, Spot Market, Forward Market, Currency Futures and Options Market.
Basics of Exchange Rates: Meaning, Direct and Indirect Quote, Bid-Ask Quote, Spot rate-Forward Rate, Depreciation, Appreciation, Currency trading at premium and discount
Exchange Rate Exposures- Translation, Economic and Transaction exposure

12.00
Unit III: 
Theories of International Trade

Absolute Advantage and comparative advantage theory and Factor Endowments Theory, Forms of Protection- Tarrif and Non Tarrif Barriers, New Theories of International Trade- Strategic Trade

12.00
Unit IV: 
Regulatory Environment of International Business

Types of Law-Common, civil and religious. Basic Principles of International Law for Business, Country Risk Analysis: Meaning, Framework of Analysis- Performance (Economic Performance, Social Performance), Strategy (Goals and Policies)and Context(Cultural and Political)

12.00
Unit V: 
Designing Organizations for International Environments

Basic Principles, Differentiation vs Integration, Formal vs. Informal Structures, Centralized vs. Decentralized structures. Organizational structures for MNEs- International Division Structure, Global Functional Structure, Global Area Structure, Global Product Structure, Global Customer Structure, Global Matrix Structure. Contingencies in Organizational Design

Essential Readings: 

• SundaramAnant K & Blade J Steward, “The International Business Environment-Text and Cases” .Prentice Hall Publishing House,New Delhi.
• Cherunilam Francis , “ International Business”, Himalaya Publishing House,New Delhi.4th edition
• ChandranDr R., “International Business” ,Jaico Publishing house,New Delhi.2007
• Hill Charles W L., “International Business”,TataMcGraw Hill Ltd,New Delhi.5th edition
• Singh Nawnihal, “ International Business” , Anmol Publications.
• Ajami Cool GoldardKhansata., “International Business”, Prentice Hall Publishing House, New Delhi.

Academic Year: 
2019-2020
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