Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 Master of Business Administration - MBA Semester 4 MB0053-International Business Management (Book ID: B1724) Assignment (60 Marks) Note: Answer all questions must be written within 300 to 400 words each. Each Question carries 10 marks 6 X 10=60. Q1. Explain the different international trade theories? Mercantilism - 2 Absolute advantage theory - 2 Comparative advantage theory - 2 Product lifecycle theory -2 Porter’s diamond model -2 Answer. Mercantilism: Mercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries. The goal of these policies was, supposedly, to achieve a “favorable” balance of trade that would bring gold and silver into the country and also to maintain domestic employment. In contrast to the agricultural system of the Q2. Hofstede said “Culture is more often a source of conflict than of synergy”. Discuss this statement and explain the five cultural dimensions. Answer. Importance of culture in international marketing Culture is the way that we do things around here. Culture could relate to a country (national culture), a distinct section of the community (sub-culture), or an organization (corporate culture). It is widely accepted that you are not born with a culture, and that it is learned. So, culture includes all that we have learned in relation to values and norms, customs and traditions, beliefs and religions, rituals and artifacts (i.e. tangible symbols of a culture, such as the Sydney Opera House or the Great Wall of China). Q3. Regional integration is helping the countries in growing their trade. Discuss this statement. Describe in brief the various types of regional integrations. Answer. Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. There are more than one hundred regional trade agreements in place, a number that is continuously evolving as countries reconfigure their economic and political interests and priorities. Additionally, the expansion of the World Trade Organization (WTO) has caused smaller regional agreements to become obsolete. Some of the regional blocs also created side agreements with other regional groups leading to a web of trade agreements and understandings. Q4. Write short note on: a) Foreign Currency derivatives b) Bases of International tax systems. Answer. a. Foreign exchange derivative. A foreign exchange derivative is a financial derivative whose payoff depends on the foreign exchange rate(s) of two (or more) currencies. These instruments are commonly used for currency speculation and arbitrage or for hedging foreign exchange risk. Specific foreign exchange derivatives and related concepts include:Instruments: Binary option: Foreign exchange Q5. Strategic planning involves allocation of resources to firms to fulfil their long term goals. What are the types of strategic planning? Compare Top-down Vs Bottom-up planning. Answer. Specific Types of Plans Following the generation of a vision and mission statement, and the subsequent operations that will allow these to be achieved, smaller facets of the planning process begin to come into play. These include five general planning frames, which can be applied to different aspects of the operational process: Q6. Explain the function of human resource planning. Discuss the scope of International Human Resource Management. Explain the function of human resource planning - 5 Discuss the scope of IHRM - 5 Answer. Function of human resource planning: Understanding HR: Human resources is about managing employees and their well-being. Planning for HR therefore requires that you, as the small-business owner, match employees with the job functions that best meet their skills and interests. As your business grows and changes, you will find that you'll need to have a supply of employee candidates lined up to fill important positions in the organization. Successful organizations are able to manage HR as part of the business's overall strategy plan. In other words, you are able to recruit Spring-2016 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490