International Business Environment

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

Course 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.

 

Course outcomes: On completion of this paper/course students will:

 

Course

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

MIV 324

International Business Environment

 

CO 123: Understand the most widely used international business terms and concepts.

 

CO 124:  Understand the functioning of Foreign Exchange markets & Basics of exchange rates.

 

CO 125: Analyze the impact of exchange rates on business

 

CO 126: Identify the role and impact of political, economical, social and cultural variables in international business.

 

CO 127: Analyze international business from a multi-centric perspective, avoiding ethnocentrism.

 

CO 128: Understand the international organization structures.

 

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: 
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: 
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: 
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: 
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: 
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: 
2021-2022
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