This course will enable the students to analyze and evaluate the complexities of international business environments and develop strategies for international expansion
Course Outcomes (Cos):
Course |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
Course Code |
Course title |
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25MIV421 |
INTERNATIONAL BUSINESS ENVIORNMENT (Theory) |
CO685: Explore the nature of International Business and understand different foreign market entry strategies for international business to ensure efficiency and effectiveness in international business operations. CO686: Examine the foreign exchange market and exchange rate mechanisms, as well as the tools and techniques for managing exchange rate risk in international business. CO687: Analyse the theories that underpin international trade and develop the ability to analyze and evaluate trade patterns and policies in a global context. CO688: Assess the basic principles of international law that are relevant to international business, including country risk analysis and learn how to conduct a comprehensive analysis using the framework of Performance, Strategy, and Context. CO689: Synthesize the principles of organizational design in international environmnet, including structure, culture, and processes, and how they need to be adapted for international contexts. CO690:Contribute effectively in course-specific interaction |
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, Giving Tasks. |
Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects |
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.
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
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
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)
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
• 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.
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