MB0053 –International Business Management

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DRIVE

Spring 2017

PROGRAM

Master of Business Administration- MBA

SEMESTER

Semester 4

SUBJECT CODE & NAME

MB0053 –International Business Management

1 Write down the difference between international Vs global business? And what are the benefits of globalization?

Write down the difference between international Vs global business

What are the benefits of globalization

Answer: International vs. global business

Most of us assume that international and global business are the same and that any company that deals with another country for its business is an international or global company. In fact, there is a

2 Elaborate in detail comparative study on cultures of Japan, China, Brazil and France.

Elaborate in detail comparative study on cultures of Japan, China, Brazil and France

Answer: Comparative study on cultures of Japan, China, Brazil and France

Country	Communication style	Women in business	Business dress code
Japan	It is difficult if Japanese language is not known. The combination of vagueness and lack of understanding of the language results in problems which make decision-making very difficult. Body language is very minimal and hence difficult to read for an untrained observer. The Japanese sit in a formal upright posture and look still. Visibility of reaction or emotion is rare.	Discrimination towards women in the workplace still exists. Women are assigned to perform lower grade tasks. Women from western countries working in Japan probably face difficulties working with Japanese male co-workers.	The Japanese mainstream business follows a conventional business dress code of dark suit, shirt and tie. Business dress must be restrained and formal for women. In business, women do not wear trousers.

3 Write a short note on Advantages of foreign direct investment and types of foreign direct investment.

Write a short note on Advantages of foreign direct investment and types of foreign direct investment

Answer: Advantages of Foreign Direct Investment

a.      Easier integration into global economy: A developing country like India is keenly interested to have foreign investment in their economy as it can gain greater access and foothold in other economies of the world. Foreign investor may manufacture the products that may be meant for global markets

4 What are the key objectives and function of World Trade organization?

What are the key objectives of WTO

What are the key functions of WTO

Answer: The key objective of WTO is to promote and ensure international trade in developing countries. The other major functions include:

·         Helping trade flows by encouraging nations to adopt discriminatory trade policies.

·         Promoting employment, expanding productions and trade and raising standard of living and

5 Explain in detail about international regulatory Bodies.

Explain in detail about international regulatory Bodies.

Answer: International Regulatory Bodies

European Union

European Union is pro-active in the harmonisation process. European Commission sets directives, which are orders to the member countries, to bring their laws inline with EU needs, within some transition

6 What are the various export promotion schemes offered by government in order to promote export from the country?

What are the various export promotion schemes offered by government.

Answer: Export promotion and assistance schemes in India

Export incentives and benefits

Duty neutralization and remission

Capacity building and infrastructural support

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