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Business Management

This course contains globalization and international business, global economy and regional, international trade and investment theories and practices, national difference in political, economic and socio-cultural environment, strategies for international business and international financial environment to provide the basic knowledge to students.

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International Business Management

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Course Title: International Business Management

Course No: MGT488

Nature of the Course: THEORY

Semester: 8

Full Marks: 80 + 20

Pass Marks: 32 + 8

Credit Hours: 3

Course Description

Course Objectives

Course Contents

1. Globalization and International Business

8 hrs

1.1. Concept of domestic, international and global business, Opportunities and challenges of IB.

1.2. Globalization: Concept, drivers, and types (economic, cultural, political, environmental, production, market)

1.3. International Business Environment (Economic, demographic, cultural and political-legal environment) and Globalization debate (positive and negative impact)

2. Global Economy and Regional Economy

6 hrs

2.1. Global economy: concept, features and structures, changing demographics of global business

2.2. MNCs: Concept, types, structures, strategies, and problems

2.3. Global Economic Integration: WTO (Origin, Goals, Structure and Functions)

2.4. Regional Economic Integration Levels: Preferential Trading, Free Trade Areas, Customs Union, Common Market, Economic Union and Political Union

2.5. International Economic Organizations: WTO, UNCTAD, World Bank, IMF, EU, NAFTA, SAFTA and BIMSTEC (Origin, Goals and Structure)

3. National Differences in Socio-cultural Environment

3 hrs

3.1. Socio-cultural implication on IB, Cultural differences

3.2. Determinants of culture: Awareness, values, norms, communication, language and religion

3.3. Dealing with cultural differences.

4. National Differences in Political Environment

3 hrs

4.1. Political systems: Democracy and Totalitarian Spectrum and Business-government relations

4.2. Political risk: concept and types, Impact of Political Environment on International Business

4.3. Implications of legal systems and Intellectual property rights

5. National Differences in Economic Environment

3 hrs

5.1. Economic systems: market, command, mixed

5.2. Determinants of Economic Development: Inflation, Income (GDP, Per Capita Income, Nominal and PPP, HDI)

5.3. Level of Economic Development: Developed, Developing and Emerging Economies (World Bank’s Criteria)

6. International Financial Environment

8 hrs

6.1. Foreign exchange markets, Spot market, spot rate quotations, bid-ask spreads, trading in spot markets, cross exchange rates, forward markets, forward rate, long and short forward positions, forwards premium and discount

6.2. Arbitrage, Hedging, and Speculation

6.3. Types of exchange rate systems: fixed and floating, soft peg, crawling peg, free float, managed float

6.4. Factors affecting exchange rate- relative inflation rates, interest rates, relative interest rates, relative income levels, government controls, expectations; Mode of payment in international trade

7. Strategies for IB

6 hrs

7.1. International strategic management: Concept and importance and Modes of entry: Export and import

7.2. Strategic alliances: equity based (wholly owned subsidiaries, acquisition, greenfield venture, equity alliances, joint venture) and contractual based (licensing, franchising, turnkey operations, BOT, management contract)

7.3. FDI & portfolio investment: benefits and drawbacks

8. Functional Management and Operation of IB

8 hrs

8.1. Polycentric, ethnocentric, regiocentric and geocentric approach in functional management of IB. Global marketing strategies: Product strategy, distribution strategy, promotion strategy, pricing strategy

8.2. Global production strategies: location, outsourcing, managing global supply chain. Global finance strategies: sources of fund, tax practices, tax haven

8.3. Global human resource management strategies: Staffing policy, expatriate management, compensation, cultivating global mindsets

Text Books

1.Cavusgil S.T., Knight G. and Riesenberger J. (2017). International Business. Fourth Edition. England: Pearson Education Limited.
2.Hill, Charles and Hult, Tomas. (2019). International Business. Twelfth Edition. New York: McGraw Hill Education.

Reference Books

1.Daniel J.D., Radebaugh L.H., Sullivan D.P. (2015). International business. Fifteenth Edition. England: Pearson Education Limited.
2.Rugman A.M. and Collinson, S. (2012). International business. Sixth Edition. England: Pearson Education Limited.

Notes:

Source:

This course contains globalization and international business, global economy and regional, international trade and investment theories and practices, national difference in political, economic and socio-cultural environment, strategies for international business and international financial environment to provide the basic knowledge to students.

The objective of this course is to familiarize students with the environment and challenges of doing business abroad. The course presents students with the opportunities to explore a number of issues and concerns relating to international business.

This syllabus follows the official BSC-CSIT curriculum of Tribhuvan University. In case of any doubt or revision, the university's published syllabus shall be considered authoritative.