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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.
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