Page 4 - DMGT545_INTERNATIONAL_BUSINESS

syllaBus

international Business
Objectives: The objective of the course is to:

l Enable students build strong foundation in concepts of international trade and business
l Help students understand social, cultural and economic factors that lead to trade between countries
l Help students study various economic integrations for promoting regional trade and investments

sr. no. topics
1 International Business: An Overview – Evolution of International Business, Drivers of Globalization, Influences of
International Business, Stages of Internationalization, Differences between Domestic and International Business,
International Business Approaches, Advantages of International Business.
2 Theories of International Trade – Mercantilism, Theory of absolute cost advantage, Comparative cost advantage
theory, Relative factor endowment theory, Country similarity theory, Product life cycle theory.
3 International Business Environment – Social and Cultural Environment, Technological Environment, Economic
Environment, Political Environment.

4 Modes of Entering International Business – Modes of Entry, Exporting, licensing, franchising, contract
manufacturing, management contracts, turnkey projects, foreign direct investment, alliances like mergers and
acquisitions, joint ventures, Comparison of Different Modes of Entry.
5 Foreign Direct Investment – Factors Influencing FDI, Reasons for FDI, Costs and Benefits of FDI, Trends in FDI,
Foreign Direct Investment in India.
6 World Trade Organization – General Agreement on Tariffs and Trade (GATT), Establishment of World Trade
Organization, The Uruguay Round Package: Organization Structure of the WTO, WTO – The Third Pillar in the
Global Business.
7 International Financial Institutions and Liquidity – IMF, World Bank, International Development Association,
International Liquidity and SDR International Finance Cooperation.
8 Basics of International Marketing, Basics of Global HRM, Basics of International Financial Management, Basics of
International Accounting.
9 International Production and Logistics Management – Generic Strategies of the International Business, Acquisition
of Resources, Location Decisions, International Logistics Management.
10 Global Strategic Management and Business Ethics – Peculiarities of Global Strategic Management, Value Creation,
Global Strategic Management Process, Collaborative Strategies, Ethics and Global Business.