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Master of Business Administration- MBA Semester 4 MB0053International Business Management -4 Credits (Book ID: B1724) Assignment (60 marks) Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. Write a note on Globalization. Answer. The term "globalization" has acquired considerable emotive force. Some view it as process that is beneficial a key to future world economic development and also inevitable and irreversible. Others regard it with hostility, even fear, believing that it increases inequality within and between nations, threatens employment and living standards and thwarts social progress. This brief offers an overview of some aspects of globalization and aims to identify ways in which countries can tap the gains of this process, while remaining realistic about its potential and its risks. Globalization offers extensive opportunities for truly worldwide development but it is not progressing evenly. Some countries are becoming integrated into the global economy more quickly than others. Countries that have been able to integrate are seeing faster growth and reduced poverty. Q2. Why does nations trade? Discuss the relevance of Porters diamond model in todays business context. Answer. Countries trade with each other when, on their own, they do not have the resources, or capacity to satisfy their own needs and wants. By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need. Clear evidence of trading over long distances dates back at least 9,000 years, though long distance trade probably goes back much further to the domestication of pack animals and the invention of ships. Today, international trade is at the heart of the global economy and is responsible for much of the development and prosperity of the modern industrialised world.

Q3. Why do firms pay so much attention to economic factors while entering in particular market? Justify your answer with practical examples . Answer. Exporting can be a great way to grow a company, but it also entails risk. Any entrepreneur looking to expand into foreign markets must first gather information, prepare an export plan, make a series of key decisions and line up the necessary financing. Gathering information It's essential for exporters to have a clear understanding of the culture, customs and economic conditions of the country where they want to do business. To that end, research is needed. An online search is a good place to begin. Canada Business provides information on government and private-sector services, markets and industry sectors, and potential partners. It also offers statistics

Q4. How has India reacted towards regional integration? Discuss briefly the trade agreement signed by India. Answer. India Committed to Regional Integration of CEPEA: Anand Sharma Shri Anand Sharma, Commerce and Industry Minister of India met Trade/Commerce Ministers from the ten ASEAN Member States and China, Japan, South Korea and New Zealand (Australia was represented by an Official) gathered at Ad Nang, Vietnam today and exchanged views on regional and global issues affecting the East Asian region as well as developments in several areas of cooperation within the East Asia Summit (EAS) framework. He reiterated India's commitment towards the 16 country regional integration initiative of Comprehensive Economic Partnership in East Asia (CEPEA) and welcomed the formation of four Working Groups to study Economic Cooperation, Rules of Origin, Customs Procedures and Tariff Nomenclature of the region. He announced that India would host the next workshop on Rules of Q5. What is global sourcing? What makes India so attractive for global sourcing? Answer. Global sourcing is a strategic sourcing strategy that effectively broadens the scope of the procurement process to include companies that operate in other countries. Strategic sourcing is the internal business process used to manage the bidding and vendor selector process. Procurement is also known as purchasing and refers to the laws surrounding fair and equitable bidding opportunities. The use of global sourcing has been the driving force behind the development and expansion of the global economy. Including suppliers from around the world in the bidding process for large contracts reduces prices and increases competition. The creation of this type of infrastructure allows firms to create subsidiary offices in locations around the world. There are three main industries that are ideal for this strategy: manufacturing, skilled services and telephone call centres.

Q6. Write short notes on: a) Cross cultural management Answer. Introduction The premise for discussion in this module and for our discussion of the textbook (Mead and Andrews, 2009) on which the module is based is that a systematic and critical understanding of 'culture' is important for international managers. You will study the importance of culture in management and develop skills that will help you to analyse when national culture is, and is not, an influence on decision-making.

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