INTERNATIONAL BUSINESS ENVIORNMENT

Paper Code: 
MIV 421
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

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

 

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

Essential Readings: 
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

 

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.

 

 

References: 
E-RESOURCES:

 

JOURNALS:
  • Global Business Review
  • Harvard Business Review

 

Academic Year: 
2023-2024
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