International Business

Important Questions

Prof. Janak

Note: Module 1, 2 and 4 are important and will be focussed more during the sessions.

Module 1:
Section – A
1. What is the definition of International Business?
2. What is the difference between IB and Domestic Business?
3. What is Mercantilism?
4. What is zero-sum game?
5. What is absolute cost advantage?
6. What is comparative cost advantage?
7. Differentiate between Adams Theory and Riccardo’s theory?
8. What is Factor’s Endowment?
9. What are the postulates of HO Theory / Factor Endowment Theory?
10. What is the life cycle concept in a Product Life Cycle Theory (Vroom’s Theory)?
11. What is the Porter’s Diamond?
12. What is the Political Environment?
13. What is Cross Culture Management?
14. What are the culture dimensions (Hoff Stedy Dimensions)?
15. What do you understand by Ethnocentric approach?
16. What do you understand by Polycentric approach?
17. What do you understand by Regio-centric approach?
18. What do you understand by Geo-centric approach?
19. What is trans-national companies?
20. Differentiate between the Multi-National and International Companies.

Section – B
21. Compare in contrast the International and Domestic Business
22. What are the drivers which effect the cross border transactions (Also can be asked in Section -C)
23. How do the International Business grow?
24. What are the Political Environments – cultural environments which can affect the business
25. Describe the model used for Cross Cultural Management
26. Describe the Comparative Cost Advantage Theory (Ricardo’s Theory)?
27. What is the philosophy of the Mercantilism Theory
28. Describe Vroom’s Theory of Product Life Cycle
29. What is Leontief Paradox Theory?

Section – C
30. Describe the nature of IB in the present context.
31. Describe the Porter’s National Competitive Advantage Theory.
Module 2:
Section – A
1. How International Strategy is different from Domestic Strategy?
2. What is the entry strategy a company pursues in International Business?

Section – B
3. What are International Joint Ventures?
4. What is management and turn-key contracts?
5. How do the organizational culture influence International Business?

Section – C
6. Describe various International Strategies a company pursues.

Module 3:
Section – A
1. What is International Marketing?
2. What are International Operations?
3. What are the issues connected to the International Supply Change Management?
4. What do you understand by International Technology Transfer?
5. What is outsourcing?
6. What is International Monetary system?
7. What is International Human Resource Management?
8. What are the issues connected to the Expatriate and Impatriate?
9. What is International Human Resource Training?
10. How do they recruit internationally?

Section – B
11. What are the factors which influence International Technology Transfer?
12. How does the International Finance System works?
13. What are the problems a company faces in International HRM?

Section – C
14. Describe the modality of Technology Transfer and its problems

Module 4:
Section – A
1. What are Strategic Alliances? (international)
2. What are the benefits and type of International Alliances?
3. What are the objectives of International Alliances?
4. What are the problems / pitfalls in Strategic alliances? (can also be asked in Section-B)
 5. How the alliances are made successful?
6. What is Economic Integration?
7. What is Free Market?
8. What is Custom Union?
9. What is common market?
10. What is political union?
11. What is trade-blocks?
12. List few trade-blocks (NAFTA, EU, SAFTA, ASEAN, MERCOSUR and SAARC)
13. What is WTO?
14. What is GATT?
15. What is TRIM?
16. What is TRIP?
17. What is GATS?

Section – B
18. Describe the processes of Strategic Alliance?
19. What is the process an economic integration takes place between the countries?

Section – C
1. What is Strategic Alliances? What are the benefits and pitfalls?
2. What are the major features of WTO?

Module 5:
Section – A
1. What is Social Responsibility in International Business?
2. How does Social Responsibility differ from Domestic Social Responsibility?

Books for Reference:

 IB by Francis Cherrunilayam
 IB by P Rao
 Charles W.L. Hill, International Business, McGraw-Hill (Best book for reference - high level)
Important topics in SM: 4.1 STRATEGIC MANAGEMENT

Module 1:

Vision, mission, values, ethics and social responsibilities, five forces model and its limitations,

Module 2:

SWOT analysis, generic building blocks of competitive advantage (Superior efficiency, quality
innovation and customer responsiveness)

Module 3:

VALUE CHAIN ANALYSIS, Competitive strategy at function level, business level & investment
level

Module 4:

Integration, diversification, alliances, acquisitions and joint ventures

Module 5:

Turn around Management, Restructuring

Module 6

Strategies for maturing, declining, fragmented week and crisis ridden industries

Module 7:

Strategic control systems, Matching structure and control

Module 8

Strategic Issues in Non-profit Organizations, Blue Ocean Strategy