2nd
Set
Solved
Assignments for Rs.150 each
08627023490
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. The Diamond Model of Michael Porter
for the competitive advantage of Nations offers a model that can help
understand the comparative position of a nation in global competition. The
model can also be used for major geographic regions.
PORTER argued
that a nation can create new advanced factor endowments such as skilled labor,
a strong technology and knowledge base, government support, and culture. PORTER
used a diamond shaped diagram as a basis of a
Q2. Evaluate the importance of
political stability for conducting international business. What is political
risk?
Answer. Political stability can be achieved through having an
environment that is not prone to armed conflict or otherwise, or through having
a political party in place that does not have to compete to be re-elected. In
this latter case, political stability is a double edged sword –on one hand,
many praise the peaceful environment that political stability may offer; on the
other hand, cronyism is never seen in a positive light, leading many to think
ill of a particular nation-state. Such is the dilemma that many countries
around the world have to face. And indeed, in one way or another political
stability poses a big challenge
Q3. Discuss the role of WTO in
international trade. Explain any 2 major agreements in WTO.
Answer. The World Trade Organization
(WTO) international
organization dealing with the global rules of trade between nations. Its main
function is to ensure that trade flows as smoothly, predictably, and freely as
possible.
Some,
especially multinational corporations, believe that the WTO is great for
business. Others believe the WTO will undermine the principles of democracy and
simply make the rich much richer.
Basic
functions of the WTO:-
Q4. Write short note on:
a) Strategic planning
b) Ethical convergence
Answer.
(a) Strategic planning is an organization's process of
defining its strategy, or direction, and making decisions on allocating its
resources to pursue this strategy.
In order to
determine the future direction of the organization, it is necessary to
understand its current position and the possible avenues through which it can
pursue particular courses of action. Generally, strategic planning deals with
at least one of three key questions:-
"What
do we do?"
"For
whom do we do it?"
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. Telegraphic
Transfer or Mail Transfer
In this
system, the payer deposits the money along with other charges in a bank which
has a branch office at the payee's place. On receipt of cash and other charges,
the bank telegraphically informs the branch office to credit the amount to the
payee's A/C.
2. Open
account
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.
There are
several different methods of indirect exporting:-
Ø The simplest
2nd
Set
Solved
Assignments for Rs.150 each
08627023490
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