Course Description

This course contains globalization and international business, global economy and regional, international trade and investment theories and practices, national difference in political, economic and socio-cultural environment, strategies for international business and international financial environment to provide the basic knowledge to students.

Course Objectives

The objective of this course is to familiarize students with the environment and challenges of doing business abroad. The course presents students with the opportunities to explore a number of issues and concerns relating to international business.

Course Contents

1. Globalization and International Business

8 hrs

1.1. Concept of domestic, international and global business

1.2. Globalization: Concept, drivers, and types (economic, cultural, political, environmental, production, market)

1.3. International Business Environment and Globalization debate

2. Global Economy and Regional Economy

6 hrs

2.1. Global economy: concept, features and structures

2.2. MNCs: Concept, types, structures, strategies, and problems

2.3. Economic Integration: WTO and Regional organizations (EU, NAFTA, SAFTA, BIMSTEC)

3. National Differences in Socio-cultural Environment

3 hrs

3.1. Socio-cultural implication on IB

3.2. Determinants of culture: Awareness, values, norms, communication, language and religion

4. National Differences in Political Environment

3 hrs

4.1. Political systems and Business-government relations

4.2. Political risk: concept and types

4.3. Implications of legal systems and Intellectual property rights

5. National Differences in Economic Environment

3 hrs

5.1. Economic systems: market, command, mixed

5.2. Determinants of development: Inflation, Income (GDP, PPP, HDI)

5.3. Levels of economic development: developed, developing, and emerging

6. International Financial Environment

8 hrs

6.1. Foreign exchange markets: Spot and Forward markets

6.2. Arbitrage, Hedging, and Speculation

6.3. Exchange rate systems and factors affecting rates

7. Strategies for IB

6 hrs

7.1. International strategic management and Modes of entry

7.2. Strategic alliances: equity based and contractual based

7.3. FDI & portfolio investment: benefits and drawbacks

8. Functional Management and Operation of IB

8 hrs

8.1. Approaches in functional management: Polycentric, ethnocentric, regiocentric and geocentric

8.2. Global strategies: Marketing, Production, and Finance

8.3. Global Human Resource Management: Staffing and expatriate management

Text Books

1.Cavusgil S.T., Knight G. and Riesenberger J. (2017). International Business. Fourth Edition. England: Pearson Education Limited.
2.Hill, Charles and Hult, Tomas. (2019). International Business. Twelfth Edition. New York: McGraw Hill Education.

Reference Books

1.Daniel J.D., Radebaugh L.H., Sullivan D.P. (2015). International business. Fifteenth Edition. England: Pearson Education Limited.
2.Rugman A.M. and Collinson, S. (2012). International business. Sixth Edition. England: Pearson Education Limited.

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International Business Management

Course Description

Course Objectives

Course Contents

Text Books

Reference Books

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