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Ppt 01 introduction to international business

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1. Introduction To International BusinessProf. S P DasM. Phil (Economics), M.B.A. (Finance), M.A. (Economics), MCCP, PGDM, PGDFM, DBM, DHMCT, B.Com, UGC-SET 2. WHAT IS INTERNATIONAL BUSINESS?Economic TransactionTwo Countries / Across National Boundaries 3. FeaturesOperating Units Outside the countryInstitutional ArrangementMassive in ScaleInfluence Political, Social and Economic Development 4. International Trade TheoriesMercantilsm TheoryTheory of Absolute Advantage (Adam Smith)Comparative Advantage Theory (David Ricardo) Factor Proportion TheoryTheory of Country SizeCountry Similarity TheoryProduct Life Cycle Theory (Vernon)Human Capital ApproachNatural Resources TheoryEconomies of Large Scale TheoryResearch and Development Theory 5. Growing ImportanceInterdependenceIntense CompetitionGlobalizationPrice DifferenceDevelopment in ICT

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6. International Business vs Domestic BusinessDifferent Legal SystemsDifferent Political SystemsDifferent Social EnvironmentDifferent CurrenciesDifferent Business PracticesDifferent TechnologyWider MarketHigh Transportation CostHigher Counter Party Risk 7. Environmental Factors of International BusinessPolitical EnvironmentEconomic EnvironmentSocial and Cultural EnvironmentTechnological Environment 8. AssignmentsTrace out the Growth of International Business from 1991 till 2009.Explain the Importance of International Business with special reference to India 9. Reference TextsInternational Business Dr. P K BandgarInternational Business Hills & JainInternational Business Francis CherunilamInternational Business P SubbaraoInternational Business ShyamShuklaInternational Business Management P K SinhaInternational Business R Chandran

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