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Fall-2013
Master of
Business Administration - MBA Semester 4
MB0053–International
Business Management-4 Credits
(Book ID:
B1724)
Assignment
(60 Marks)
Note: Answers
for 10 marks questions should be approximately of 400 words. Each question is
followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60.
Q1. Discuss Porter’s diamond model
for international trade.
Answer. A model that attempts to explain the
competitive advantage some nations or groups have due to certain factors
available to them. The Porter Diamond is a model that helps analyze and improve
a nation's role in a globally competitive field. The model was developed by
Michael Porter, who is recognized as an authority on company strategy and
competition; it is a more proactive version of economic theories that quantify
comparative advantages for countries or regions.
Q2. Evaluate the importance of
political stability for conducting international business. What is political
risk?
Answer. A country's political structure is
one of the key issues considered by a company or an individual entering a
foreign environment for conducting business. Political constructs are
integrated bodies of ideas (ranging from simple to very complex) that
constitute sociopolitical platforms for different societies. A variety of
political ideologies may exist in the same society. It may, therefore, be a
good idea to identify the key features of some prevalent political ideologies:-
Q3. Discuss the role of WTO in
international trade. Explain any 2 major agreements in WTO.
Answer. The World Trade Organization
(WTO) is the only
global international organization dealing with the rules of trade between
nations. At its heart are the WTO agreements, negotiated and signed by the bulk
of the world’s trading nations and ratified in their parliaments. The goal is
to help producers of goods and services, exporters, and importers conduct their
business.
Q4. Write short note on:
a) Strategic planning
b) Ethical convergence
Answer.
(a) Strategic planning is an organizational management
activity that is used to set priorities, focus energy and resources, strengthen
operations, ensure that employees and other stakeholders are working toward
common goals, establish agreement around intended outcomes/results, and assess
and adjust the organization's direction in response to a changing environment.
It is a disciplined effort that produces fundamental decisions and actions that
shape and
Q5. Explain in various modes of
payment in international trade. Discuss the role of letter of credit in the
same.
Answer. Some of the popular modes of
payment are:-
1.
Prepayment via telegraphic transfer
This method
is favorable to the exporter. The importer sends the payment through a bank
after accepting an order and before the goods is shipped. It is usually
remitted by international funds transfer (telegraphic transfer). Although the
easiest and cheapest form of payment, telegraphic transfer is typically used to
receive samples or low volume order by air.
Q6. Explain the various modes of
entry in international business which could be used a part of strategy to enter
foreign market.
Answer. Entry Strategies in Foreign
Markets:
1. Indirect
export
The
market-entry technique that offers the lowest level of risk and the least
market control is indirect export, in which products are carried abroad by
others. The firm is not engaging in international marketing and no special
activity is carried on within the firm; the sale is handled like domestic
sales.
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