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Fall-2013 Master of Business Administration - MBA Semester 4 MB0053International 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 Porters diamond model for international trade. Answer. Porter's diamond model suggests that there are inherent reasons why some nations, and industries within nations, are more competitive than others on a global scale. The argument is that the national home base of an organization provides organizations with specific factors, which will potentially create competitive advantages on a global scale. 1. Factor Conditions Factor conditions include those factors that can be exploited by companies in a given nation. Factor conditions can be seen as advantageous factors found within a country that are subsequently build upon by companies to more

Q2. Evaluate the importance of political stability for conducting international business. What is political risk? Answer. Political stability can be defined as the state of peace that is experienced in a country, thanks to the activities of the government. The government in this case makes decisions keeping in mind the best interests of the people. Without political stability our economies cannot grow and stronger economies will help us to achieve greater political stability. We need to strengthen ECOWAS by strengthening our individual countries economically and politically. We must

Q3. Discuss the role of WTO in international trade. Explain any 2 major agreements in WTO.

Answer. The World Trade Organization (WTO) is an organization that intends to supervise and liberalize international trade. The organization officially commenced on 1 January 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participant's adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. One of the most important functions of WTO is to serve as a forum for trade negotiations since international negotiations are very

Q4. Write short note on: a) Strategic planning b) Ethical convergence Answer. (a) Strategic management is the comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission, vision and strategy throughout an organization. Strategic management activities transform the static plan into a

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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