Ppt 01 introduction to international business

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international business its
growth and importance

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Ppt 01 introduction to international business

  1. 1. Introduction To International Business<br />Prof. S P Das<br />M. Phil (Economics), M.B.A. (Finance), M.A. (Economics), MCCP, PGDM, PGDFM, DBM, DHMCT, B.Com, UGC-SET<br />
  2. 2. WHAT IS INTERNATIONAL BUSINESS?<br />Economic Transaction<br />Two Countries / Across National Boundaries<br />
  3. 3. Features<br />Operating Units Outside the country<br />Institutional Arrangement<br />Massive in Scale<br />Influence Political, Social and Economic Development<br />
  4. 4. International Trade Theories<br />Mercantilsm Theory<br />Theory of Absolute Advantage (Adam Smith)<br />Comparative Advantage Theory (David Ricardo)<br /> Factor Proportion Theory<br />Theory of Country Size<br />Country Similarity Theory<br />Product Life Cycle Theory (Vernon)<br />Human Capital Approach<br />Natural Resources Theory<br />Economies of Large Scale Theory<br />Research and Development Theory <br />
  5. 5. Growing Importance<br />Interdependence<br />Intense Competition<br />Globalization<br />Price Difference<br />Development in ICT<br />
  6. 6. International Business vs Domestic Business<br />Different Legal Systems<br />Different Political Systems<br />Different Social Environment<br />Different Currencies<br />Different Business Practices<br />Different Technology<br />Wider Market<br />High Transportation Cost<br />Higher Counter Party Risk<br />
  7. 7. Environmental Factors of International Business<br />Political Environment<br />Economic Environment<br />Social and Cultural Environment<br />Technological Environment<br />
  8. 8. Assignments<br />Trace out the Growth of International Business from 1991 till 2009.<br />Explain the Importance of International Business with special reference to India<br />
  9. 9. Reference Texts<br />International Business – Dr. P K Bandgar<br />International Business – Hills & Jain<br />International Business – Francis Cherunilam<br />International Business – P Subbarao<br />International Business – ShyamShukla<br />International Business Management – P K Sinha<br />International Business – R Chandran<br />
  10. 10. THANK YOU<br />

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