MB0053 –International Business Management

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	MBADS / MBAN2 / MBAHCSN3 / MBAFLEX – (SEM 4) PGDENMN /PGDFMN/ PGDHRMN / PGDHSMN / PGDIB / PGDISMN / PGDMMN / PGDOMN / PGDPMN / PGDROMN / PGDSCMN / PGDTQMN – (SEM 2)
SUBJECT CODE & NAME	MB0053 –International Business Management
BK ID	B1724
Credit and Max. Marks	4 credits; 60 marks

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1. Explain the different international trade theories?

Answer: What Is International Trade?

International trade theories are simply different theories to explain international trade. Trade is the concept of exchanging goods and services between two people or entities. International trade is then the concept of this exchange between people or entities in two different countries.

People or entities trade because they believe that they benefit from the exchange. They may need or want the goods or services. While at the surface, this many sound very simple, there is a great deal of theory, policy, and business strategy that constitutes international trade.

Q2. Hofstede said “Culture is more often a source of conflict than of synergy”. Discuss this statement and explain the five cultural dimensions.

Answer: Hofstede's cultural dimensions theory is a framework for cross-cultural communication, developed by Geert Hofstede. It describes the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis. The theory has been widely used in several

Q3 Regional integration is helping the countries in growing their trade. Discuss this statement. Describe in brief the various types of regional integrations.

Answer: Regional integration is a process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments. Regional integration has been organized either via

Q4. Write short note on:

a) Foreign currency derivatives

Answer:A foreign exchange derivative is a financial derivative whose payoff depends on the foreign exchange rate(s) of two (or more) currencies. These instruments are commonly used for currency speculation and arbitrage or for hedging foreign exchange risk.With a foreign exchange (forex) derivative, the owner has the right but not the obligation to exchange money denominated in one currency for another currency at a pre-determined exchange rate and date. The forex derivatives market is the largest market in the world, with over $

b) bases of international tax systems

Answer:International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the scope of their income taxation in some manner territorially or provide for offsets to taxation relating to extraterritorial income. The manner of limitation generally takes the form

Q5. Strategic planning involves allocation of resources to firms to fulfil their long term goals. What are the types of strategic planning? Compare Top-down Vs Bottom-upplanning.

Answer:Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy.Following the generation of a vision and mission statement, and the subsequent operations that will allow these to be achieved, smaller facets of the planning process begin to come into play. These include five general planning frames, which can be applied to different aspects of the operational

Q6 Explain the function of human resource planning. Discuss the scope of International Human Resource Management

Answer : Human resource is the most important asset of an organisation. Human resources planning are the important managerial function. It ensures the right type of people, in the right number, at the right time and place, who are trained and motivated to do the right kind of work at the right time, there is generally a shortage of suitable persons.

As a small-business owner, you may find that human resources sometimes gets pushed to the side of your business plan or organizational management strategy. The planning involved in effective human resources can, however, help your small

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