IB0017 –International Business Environment and International Law

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ASSIGNMENT

DRIVE	SPRING 2016
PROGRAM	Master of Business Administration- MBA
SEMESTER	4
SUBJECT CODE & NAME	IB0017 –International Business Environment and International Law
BK ID	B1909
CREDIT & 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.

Question.1.Discuss the Driving Forces for Globalization in detail?

Answer:Over the years, the relative success of globalisation is evident in terms of increased foreign trade and capital flows, acceleration of growth rates and rising real per capital GDP in the those countries that have opened up their economies more to the rest of the world than those that have preferred to follow a close economy model.

Driving forces of globalisation are:

1. Technology: Faster and

2. Liberalisation: Strong wave of liberalisation induced

Question.2. Discuss in detail various business environment?

Answer:A. Internal environment

Internal environment includes all those factors which influence business and which are present within the business itself. These factors are usually under the control of business. The study of internal factors is really important for the study of internal environment. These factors are:

(i) Objectives of Business, (ii) Policies of Business, (iii) Production Capacity, (iv) Production Methods, (v) Management Information System, (vi) Participation in Management, (vii) Composition of Board of Directors, (viii) Managerial Attitude, (ix) Organisational Structure, (x) Features of Human Resource, etc.

Question.3. Explain the Relationship between Law and Business?

Answer: Government makes law that is written pretty much by business and handed over to the polticians who vote on the laws. In other words, the relationship is that business owns the polticians by way of campaign donations and other goodies given to politicians who then make sure laws are always in favor of business even to the detriment of the people.

Question.4. Write short notes on:

a. Foreign Exchange Management Act (FEMA)

Answer:The Foreign Exchange Management Act, 1999 (FEMA) is an Act of the Parliament of India "to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India

Main Features

·         Activities such as payments made to any person outside India or receipts from them, along with the deals in foreign exchange and foreign security is restricted. It is FEMA that gives the central government the power to impose the restrictions.

·         Without general

·          

b. Industries (Development and Regulation)

Answer:The Industries (Development and Regulation) Act, (IDRA), came into force from 8th May 1952 under a notification of the Central Government published in the Gazette of India.

The Act extends

Objectives of the Act:

The Important objectives are,

(i) To Implement the Industrial Policy: The Act provides the necessary means to the Central Government in order to implement its industrial policy.

(ii) Regulation and Development of Important Industries: The

Question.5. How does the TRIPs agreement protect IPRs? What are the 7 Intellectual Properties defined in TRIPs?

Answer:The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement administered by the World Trade Organization (WTO) that sets down minimum standards for many forms of intellectual property (IP) regulation as applied to nationals of

Question.6. What are the cultural problems associated with international negotiation? Write a note on government versus company strength in negotiations

Answer:In simplest terms, negotiation is a discussion between two or more disputants who are trying to work out a solution to their problem. This interpersonal or inter-group process can occur at a personal level, as well as at a corporate or international (diplomatic) level. Negotiations typically take place because the parties wish to create

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