MB0053-International Business Management

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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
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