International Business

International business encompasses all commercial activities that take place to promote the transfer of goods, services, resources, people, ideas, and technologies across national boundaries.

International business occurs in many different formats. The study of international business involves understanding the effects that the above activities have on domestic and foreign markets, countries, governments, companies, and individuals. Successful international businesses recognize the diversity of the world marketplace and are able to cope with the uncertainties and risks of doing business in a continually changing global market.

Duration: 3 days
Mode: Classroom / Online
Deliverables: CourseWare Hard/ Soft Copies

Course Contents

Introduction to International Business
Importance, nature and scope of International
business
Modes of entry into International Business
Internationalization process and Managerial Implications

Multinational Corporations and their involvement in International
Business
Issues in foreign investments, technology transfer, pricing and regulations
International collaborative arrangements and strategic alliances- Counter Trade
Exercises/Case Studies

International Business Environment
Economic, Political, Cultural and Legal environments in
International Business
Framework for analyzing international business environment
Differences in Culture

Introduction — Social Structure — Religion — Language
Education —Culture and the Workplace — Cultural Change — Cross-cultural Literacy —
Culture and Competitive Advantage
Exercises/Case Studies

Introduction to International Trade Theory
Mercantilism 
Absolute Advantage 
Comparative Advantage
Heckscher-Ohlin Theory 

The New Trade Theory 
National Competitive Advantage 
Porter’s Diamond 
WTO & Development of World Trade 
Exercises/Case Studies

Regional Grouping of Countries and its Impact
Exercises/Case Studies
World trade in goods and services 
Major trends and developments

World trade and Protectionism 
Tariff and non-tariff barriers
Foreign investments-Pattern, Structure and
effects
Movements in foreign exchange and interest rates and their impact on trade and
investment flows
Exercises/Case Studies

Functions of Foreign Exchange Market
Foreign Direct Investments 
FDI in the World Economy 
Horizontal and Vertical Foreign Direct Investment 

Advantages of Host and Home Countries
Regional Economic Groupings in Practice
Levels of Regional Economic Integration
Regionalism vs. Multilateralism
Exercises/Case Studies

Important Regional Economic Groupings in the World
Contemporary Issues in International Business
Role of International financial institutions
like IMF and World Bank-Labour and Environmental Issues

Conclusion and Feedback