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MB0053–International Business Management

MB0053–International Business Management

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 Set Solved Assignments for Rs.150 each Mail me at: subjects4u@gmail.com or at 08627023490
Fall-2013 Master of Business Administration - MBA Semester 4 MB0053
International Business Management-4 Credits (Book ID: B1724) Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1.
Discuss Porter’s diamond model for international
trade. Answer.
The Diamond Model of Michael Porter for the competitive advantage of Nations offers a model that can help understand the comparative position of a nation in global competition. The model can also be used for major geographic regions. PORTER argued that a nation can create new advanced factor endowments such as skilled labor, a strong technology and knowledge base, government support, and culture. PORTER used a diamond shaped diagram as a basis of a
Q2. Evaluate the importance of political stability for conducting international business. What is political risk? Answer. Political stability
can be achieved through having an environment that is not prone to armed conflict or otherwise, or through having a political party in place that does not have to compete to be re-elected. In this latter case, political stability is a double edged sword
on one hand, many praise the peaceful environment that political stability may offer; on the other hand, cronyism is never seen in a positive light, leading many to think ill of a particular nation-state. Such is the dilemma that many countries around the world have to face. And indeed, in one way or another political stability poses a big challenge
Q3. Discuss the role of WTO in international trade. Explain any 2 major agreements in WTO.
Answer. The World Trade Organization (WTO)
international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible. Some, especially multinational corporations, believe that the WTO is great for business. Others believe the WTO will undermine the principles of democracy and simply make the rich much richer. Basic functions of the WTO:-
Q4. Write short note on: a) Strategic planning b) Ethical convergence Answer. (a) Strategic planning
is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. In order to determine the future direction of the organization, it is necessary to understand its current position and the possible avenues through which it can pursue particular courses of action. Generally, strategic planning deals with at least one of three key questions:- "What do we do?" "For whom do we do it?"
Q5. Explain in various modes of payment in international trade. Discuss the role of letter of credit in the same. Answer. Some of the popular modes of payment are:-
1. Telegraphic Transfer or Mail Transfer In this system, the payer deposits the money along with other charges in a bank which has a branch office at the payee's place. On receipt of cash and other charges, the bank telegraphically informs the branch office to credit the amount to the payee's A/C. 2. Open account
Q6. Explain the various modes of entry in international business which could be used a part of strategy to enter foreign market.

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