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Global Context of Business-MBA

This document outlines a course on Global Business, focusing on the complexities of the global environment in which businesses operate. It aims to equip students with knowledge on globalization, international trade theories, supply chain fundamentals, and corporate social responsibility. The course includes various modules that cover the impact of globalization, trade strategies, and the dynamics of international markets.

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garlyaljanvi59
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14 views3 pages

Global Context of Business-MBA

This document outlines a course on Global Business, focusing on the complexities of the global environment in which businesses operate. It aims to equip students with knowledge on globalization, international trade theories, supply chain fundamentals, and corporate social responsibility. The course includes various modules that cover the impact of globalization, trade strategies, and the dynamics of international markets.

Uploaded by

garlyaljanvi59
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Global context of Business L T P C

Version 0.0 1 0 0 1
Pre-requisites/Exposure
Co-requisites Post-Graduation

Module Description:
In an increasingly interconnected and interdependent world, businesses must navigate a
complex global landscape to thrive and succeed. This course is designed to provide students
with a comprehensive understanding of the multifaceted global environment in which
businesses operate. This course emphasizes on the critical analysis of global business
strategies and their implication for the success of an organization in the rapidly changing
global economy.

Course Objectives:

 To understand the impacts of globalization and to develop the ability to think


strategically about global business issues.
 To equip the students with the basic facts of globalization, the economic foundations
of globalization, and the major trends and institutions shaping the global economy and
the future of international management.
 To provide the students with a framework for assessing a country’s prospects for
global business and its competitiveness in the global business and economic
environment.
 To learn to assess the economic and financial structures and institutions.
 To understand patterns of international competition through examination of specific
industries and firms.
 To integrate and apply frameworks, models, tools, and concepts from various
perspectives to a real-world global setting.

Learning Outcomes:

Upon successful completion of this course, a student will be able to:


 Gain knowledge of the advancement of international business and the relevance of
changing patterns, particularly how the businesses have confronted the different
phases of globalization.
 Identify the different possible strategic approaches that businesses may utilize when
operating in the global environment.
 Apply concepts, theories and frameworks of Foreign direct investment and the
multinational enterprise (MNEs)
 Learn the social responsibility of entrepreneurs and managers and the environmental
implications of conducting business in a global context.

No. of
Sessions
Module I: Understanding Globalization and Global business
environment
Course overview and expectations, Understanding globalization, Impact of
Globalization on Business, Global Business Environment: Political, Legal, 2
Economic, Cultural, and Technological Factors.

Module II: Theories of international trade, trade finance, and strategies


for entering and operating in international markets
Theories of international trade - Classical theory of international trade -
Mercantilism - Absolute advantage - Comparative advantage – Heckscher
Ohlin theory - Factor endowment theory - New theories of international
Trade, Trade Barriers - Tariff and Non-Tariff Barriers, Trade Agreements –
Types – Trade in Goods - Trade in Services - IPR, Trade financing –
Methods of trade payment – Trade Finance Instruments – Financial
institutions and it’s role, International Financial system - Bretton Wood 8
System – European Monetary System - Creation and emergence of Euro
Currency Markets, International Money Market Instruments and Institutions
(IMF-World Bank), Business Expansion Strategies (Licensing, Franchising,
and Joint Ventures), Foreign Direct Investment – definition and importance –
FDI and Economic development – FDI and technology transfer – Risks and
challenges.

Module III: Fundamentals of Supply Chain and Exchange Rate


Mechanisms
Introduction to Global supply chain - Definition – key components of Global
supply chain – Industry 4.0 and the future of supply chain Management - it’s
challenges, International organizational structures, Foreign exchange
markets - Fixed and Flexible Exchange Rates - Spot and Forward Markets – 5
Exchange rates – Factors affecting exchange rates, Corporate social
responsibility (CSR) – Evolution of CSR – Economic benefits of CSR –
Global perspectives on CSR.
Case studies in ethical and responsible business practices
References:
1. F. Cherunilam, (2020). International business. PHI Learning Pvt. Ltd.
2. Domnic Salvatore (2005), “Introduction to International Economics”, John Wiley and
Sons.
3. M.R. Czinkota, I.A. Ronkainen and M.H. Moffett, “International Business”,
CENGAGE Learning.
4. P.S.Rao, “International Business”, Himalaya Publishing House.
5. Charles W.L. Hill, “International Business”, Tata McGraw Hill Edition.

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