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
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.