International Business Enviornment

Paper Code: 
MIV 324
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes (COs):

Course Outcomes

Learning and teaching strategies

Assessment Strategies

On    completion   of    this   course,                  the students will be able to:

CO 126: Understand the most widely used international business terms and concepts.

CO 127: Understand the functioning of Foreign Exchange markets & Basics of exchange rates.

CO 128: Analyze the impact of exchange rates on business.

CO 129: Identify the role and impact of political, economical, social and cultural variables in international business.

CO 130: Analyze international business from a multi-centric perspective, avoiding ethnocentrism.

CO 131: Understand the structure of organization and organization environment

Approach in teaching: Interactive Lectures using whiteboards, Discussion, , Reading assignments, Demonstration, Team teaching, Quiz.

Learning activities for the students:

Self learning assignments, Effective questions, Solving problems of unsolved questions, Problem based learning-cases, Group learning teamwork,

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

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: 

*Case studies related to entire topics are to be taught.

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

 

References: 

SUGGESTED READINGS:

·        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.

E-RESOURCES:

·        International Business, Hill, McGraw Hill Education

https://www.expresslibrary.mheducation.com/bookshelf

·        International Business, Aswathappa, McGraw Hill Education

https://www.expresslibrary.mheducation.com/bookshelf

JOURNALS:

·        Global Business Review

·        Harvard Business Review

 

ACADEMIC YEAR: 
2022-2023
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