FORE School of Management, New Delhi

Course Outline
Programme: PGDM(IB) Batch-16 (Sec. D & E)

Name of the Course: Global Business Environment (Core) Credit: 1.5

Term: 2 Academic Year: 2022-2023
Faculty: Prof. Arbuda Sharma Office Contact No.: 011- 41242466
Email: arbuda.sharma@fsm.ac.in

Introduction:

Global integration with the evolution of globalization of the world economy, has led to an
increased global economic augmentation of trade. The cyclical nature of integration and
disintegration of economy, has shifted trade dynamics globally. Domestic business as well as
international business is greatly influenced by the Global competition and so its environment.
Hence, this r e q u i r e s an understanding of environmental factors and other Social, Economic
Regulatory & Trade issues for comprehending the dynamic character of international business.
There is a need to understand the complex Trade policy frameworks and institutional
mechanisms. The concept of scanning the global environment and its impact on business
decisions will be analyzed.
The course also lays emphasis on Globalization, Environment and Human Challenges in
developing Global Vision of just and inclusive development through Sustainable Development
Goals. In doing so, the course seeks to enable the students as future managers and
entrepreneurs to work in an open, highly competitive, and dynamic business environment both
at a national and global level.

Objective:

- Understanding Globalization and its drivers

- Scanning of the Business Environment
- Understanding why Nations Trade? Trade liberalization and free trade
- The emerging economies and trade arrangements, International Business and sustainability
in the complex environment.

Text Book:

Rakesh Mohan Joshi, (2009). International Business, Oxford University Press

Session wise reading material is referenced in the session plan

Reference Book:
1. Hill, C. W. L., & Hult, G. T. M., Methani, R. (2019). International business: Competing in
the global marketplace (12th Edition). McGraw-Hill Education.
2. Cherulinam,F.(2020). International Business Text & Cases (6th Edition) PHI Learning
Private Limited.
Pedagogy: Lectures, class discussions, cases/ Journal Articles/ News Paper Articles

Evaluation Component and weightage:

Component Marks
Assignments- Readings-Group Presentations 25 marks
Projects (Group Assignment) 20 marks
Class participation 05 marks
End Term :
50 marks
Total Marks :
100 Marks

Course Outcome:

Upon completion of the course the student will be able to

- Interpret the global business environment, identify opportunities and recurring challenges
for entering new (and emerging) markets.
- List the critical issues of the Institutionalization of Global Business and trade, and infer on
the case for free trade
- Relate with current times, and summarize reasons responsible for the critical shift from
consensus to disengagement of countries from the global trading system.
- Discuss globalization, Environment and Human Challenges in developing Global Vision of
just and inclusive development through Sustainable Development Goals

Session Plan:

Ses Session Theme Additional Readings Outcomes

si
on
No.
1. Globalisation and Abandoning Globalisation will hurt the US Conceptual
International Business & Businesses HBR, Thomas Hout August 2020 clarity of
International Trade. Forces https://www.theguardian.com/world/2017/jul/ Globalisation,
driving Globalisation 14/Globalisation-the-rise-and-fall-of-an-idea-
Threats of Globalisation that-swept-the-world International
Trade &
Business

International
Business
Internationalisat
ion.
2. Scanning the Global Scanning of countries with respect to these How to scan the
Environment; Political, indicators. Country Evaluation Method regions &
Social and legal, Economic countries.
indicators.
3&4. Why do Nations Trade?
Mercantilism, Absolute
Advantage, PLC,
National Competitive
Advantage
Mc Donald (2009): Why Countries Trade, Why trade takes
Finance & Development, Vol46(4). place at all?
Indian Industry
Nwandu, L. O., Olulowo, T. G., & Moghalu, F. examples.
A. (2021). International Trade: A tool for
promoting peace among nations of the
world. Journal of African Studies and
Sustainable Development.

Milner, H. V., & Kubota, K. (2005). Why the

move to free trade? Democracy and trade
policy in the developing
countries. International organization, 59(1),
107-143.
5&6. Governments Influence Woll, C., & Artigas, A. (2007). When trade How does
on Trade liberalization government
turns into regulatory reform: influence trade?
The impact on business–government relations
in international trade politics. Regulation &
Governance,  1(2), 121-138.

Angulo-Ruiz, F., Pergelova, A., & Wei, W. X.

(2018). How does home government influence
the internationalization of emerging market
firms? The mediating role of strategic intents to
internationalize. International Journal of
Emerging Markets

Davis, C. L., Fuchs, A., & Johnson, K. (2019).

State control and the effects of foreign relations
on bilateral trade. Journal of Conflict
Resolution, 63(2), 405-438.
7. Institutionalis ation of Global Gendron, C., Bisaillon, V., & Rance, A. I. O. Free Trade
Business and Trade -critical (2009). The institutionalization of fair trade: benefits Vs
issues More than just a degraded form of social protectionism
action. Journal of business ethics, 86(1), 63-79. of state

Trakman(2008): The Proliferation of Free

Trade Agreements: Bane or Beauty? Journal of
World Trade,42(2)
8. Consensus, disengagement & A plan to save the WTO. Global trade is in Critically
disillusion Grave danger. But there is still a chance of analysing the
rescue & The world Trading System. recent issues of
Economist July21st 2018. World trading
system
Robinson, S., & Thierfelder, K. (2019). Global
adjustment to US disengagement from the
world trading system. Journal of Policy
Modeling, 41(3), 522-536.
9. Globalisation & Environment Sustainability and the Kyoto Protocol Developing
 Human Challenges Moomaw, W., Ramakrishna, K., Gallagher, K., Synthesis of
& Freid, T. (1999). The Kyoto Protocol: A Global Vision
blueprint for sustainable development. The of just and
Journal of Environment & Development, 8(1), inclusive
82-90. development
through
international
business
10. Sustainable Development Group presentations for SDG’s and Discover the
Goals & Globalization Globalization in the New Order various
challenges and
issues on
chosen SDG

For official use: -

As Benchmarked with course content in previous year, the contents of this course: (Please mark
the right option below)
(a) Is totally new
(b) Has not changed at all
(c) Has undergone less than/equal to 20% change
(d) Has undergone more than 20% change

Course Faculty: Prof. Arbuda Sharma Area Chair : Prof. Sudeep S.

Manager (Academics-I)

Dean (Academics)
 Case Requisition Format

Programme: PGDM(IB) Batch-16 (Sec. D & E)

S. Title, Author & Product No. of Total No. of cases Visiting

No. Publication details No. Pages registratio required for faculty
n Students copy (if
required)
NIL

Faculty Guidelines for Case requisition:

A maximum of four (04) Cases can be recommended by a faculty for core/elective courses.

Course Faculty: Prof. Arbuda Sharma Area Chair : Prof. Sudeep S.

Manager (Academics-I)

Dean (Academics)