MB0053 –International Business Management

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Master of Business Administration- MBA Semester 4

MB0053 –International Business Management -4 Credits

(Book ID:B1724)

Assignment (60 marks)

Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions.

 

Q1.Write a note on Globalization.10 marks(350-400 words)

Answer : The term “globalization” has acquired considerable emotive force. Some view it as process that is beneficial – a key to future world economic development – and also inevitable and irreversible. Others regard it with hostility, even fear, believing that it increases inequality within and between nations, threatens employment and

 

 

 

 

 

Q2.Why do nations trade? Discuss the relevance of Porter’s diamond model in today’s business context. 4+6 marks(350-400 words)

Answer : Countries trade with each other when, on their own, they do not have the resources, or capacity to satisfy their own needs and wants. By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need.

 

Clear evidence of trading over long distances dates back at least 9,000 years, though long distance trade probably goes back

 

 

 

Q3.Why do firms pay so much attention to economic factors while entering in particular market? Justify your answer with practical examples .10 marks(350-400 words)

Answer : Exporting can be a great way to grow a company, but it also entails risk. Any entrepreneur looking to expand into foreign markets must first gather information, prepare an export plan, make a series of key decisions and line up the necessary financing.

 

Gathering information

It’s essential for exporters to have a clear understanding of the culture, customs and economic conditions of the country where they want to do business. To that end, research is needed. An online search is a good place to

 

 

 

Q4.How has India reacted towards regional integration? Discuss briefly the trade agreement signed by India. 4+6 marks(350-400 words)

Answer : India Committed to Regional Integration of CEPEA: Anand Sharma

Shri Anand Sharma, Commerce and Industry Minister of India met Trade/Commerce Ministers from the ten ASEAN Member States and China, Japan, South Korea and New Zealand (Australia was represented by an Official) gathered at Ad Nang, Vietnam today and exchanged views on regional and global issues affecting the East Asian region as well as developments in several areas of cooperation within the East Asia Summit (EAS) framework.

 

 

 

 

Q5.What is global sourcing? What makes India so attractive for global sourcing?5+5 marks(350-400 words)

Answer : Global sourcing is a strategic sourcing strategy that effectively broadens the scope of the procurement process to include companies that operate in other countries. Strategic sourcing is the internal business process used to manage the bidding and vendor selector process. Procurement is also known as purchasing and refers to the laws surrounding fair and equitable bidding opportunities.

 

The use of global sourcing has been the driving force behind the development and expansion of the global economy. Including suppliers from

 

 

 

Write short notes on:

a) Cross cultural management

Answer : Introduction

 

The premise for discussion in this module – and for our discussion of the textbook (Mead and Andrews, 2009) on which the module is based – is that a systematic and critical understanding of ‘culture’ is important for international managers. You will study the importance of culture in management and develop skills that will help you to analyse when national culture is, and is not, an influence on decision-making.

 

 

 

 

 

 

b) WTO  5 + 5 = 10 Marks(200 – 250 words each)

Answer : WTO

World Trade Organization came into existence in 1995 after the desolation of General Agreement on Tariff and Trade (GATT).The WTO’s overriding objective is to help trade flow smoothly, freely, fairly and predictably. It does this by:

•             Administering trade agreements

 

•             Acting as a forum for trade negotiations

 

 

 

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