International Business Management (MGT488) — Notes, Syllabus & Past Questions

Strategies for managing operations and resources in a global market.

Elective Course8 Chapters
Chapter 18 Pages

Globalization and International Business

Concept of domestic, international and global business, Opportunities and challenges of IB. Globalization: Concept and drivers, Types of globalization: economic, cultural, political, environmental.

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Chapter 210 Pages

Global Economy and Regional Economy

Global economy: concept, features and structures, changing demographics of global business, MNCs: Concept, types, structures, strategies, and problems.

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Chapter 34 Pages

National Differences in Socio-cultural Environment

Socio-cultural implication on IB. Cultural differences: Determinants of culture: Awareness, values, norms, communication, language and religion. Dealing with cultural differences.

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Chapter 45 Pages

National Differences in Political Environment

Political systems: Democracy & totalitarian spectrum, Business-government relations, Political risk: concept and types, Impact of political environment on international business.

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Chapter 54 Pages

National Differences in Economic Environment

Economic system: market, command, mixed, Determinants of economic development: Inflation, Income (GDP, per capita income nominal & PPP, HDI), Level of economic development: developed, developing.

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Chapter 69 Pages

International Financial Environment

Foreign exchange markets, Spot market, spot rate quotations, bid-ask spreads, trading in spot markets, cross exchange rates, forward markets, forward rate, long and short forward positions.

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Chapter 75 Pages

Strategies for IB

International strategic management: Concept and importance, Modes of entry into a foreign market: Export and import, strategic alliances: equity based (wholly owned subsidiaries, acquisition.

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Chapter 89 Pages

Functional Management and Operation of IB

Polycentric, ethnocentric, regiocentric and geocentric approach in functional management of IB. Global marketing strategies: Product strategy, distribution strategy, promotion strategy.

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Related Study Resources for International Business Management (MGT488)

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