Tuesday, 27 June 2017

MB0053 –International Business Management

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Spring 2017
Master of Business Administration- MBA
Semester 4
MB0053 –International Business Management

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Question. 1. Write down the difference between international Vs global business? And what are the benefits of globalization?

Answer:‘Global Strategy’ is a shortened term that covers three areas: global, multinational and international strategies. Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.

In developing ‘global strategy’, it is useful to

Question. 2. Elaborate in detail comparative study on cultures of Japan, China, Brazil and France.

Answer:America, being one of the first cultures to build the dynamic of change into it, greatly values progress. Due to capitalism's boom / bust cycles, the people seek economic stability and security. A job is a major form of identity in a pluralistic society so workers particularly fear unemployment.

Efficiency and productivity are valued as the key to a constantly rising standard of living.

Applied technology and innovation fosters change that can destroy older industries at a startling rate.

Question. 3. Write a short note on Advantages of foreign direct investment and types of foreign direct investment.

Answer:Foreign direct investment (FDI) is made into a business or a sector by an individual or a company from another country. It is different from portfolio investment, which is made more indirectly into another country’s economy by using financial instruments, such as bonds and stocks.

There are various levels and forms of foreign direct investment, depending on the type of companies involved and the reasons for investment. A foreign direct investor

Question. 4. What are the key objectives and function of World Trade organization?

Answer:The WTO has nearly 153 members accounting for over 97% of world trade. Around 30 others are negotiating membership. Decisions are made by the entire membership. This is typically by consensus.

A majority vote is also possible but it has never been used in the WTO and was extremely rare under the WTO’s predecessor, GATT. The WTO’s agreements have been ratified in all members’ parliaments.

The WTO’s top level decision-making body is the

Question. 5. Explain in detail about international regulatory Bodies.
Answer:International regulation is regulation that occurs at the international level, often exercised by international organizations. An advantage of international regulation is that it allows localities and the individuals in them to be held accountable for the impact their actions (e.g. pollution) have on other localities.

Question. 6. What are the various export promotion schemes offered by government in order to promote export from the country?

Answer:After the economic reforms of 1991-92, liberalization of external trade, elimination of duties on imports of information technology products, relaxation of controls on both inward and outward investments and foreign exchange and the fiscal measures taken by the Government of India and the individual State Governments specifically for IT and ITES

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