directorate of distance education …...subject name: international business management subject...
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SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1 AN INTRODUCTION TO INTERNATIONAL BUSINESS & MANAGEMENT
Unit–2PLANNING FOR INTERNATIONAL BUSINESS
Unit–3MANAGING HUMAN RESOURCES
Unit–4MANAGING INFORMATION & TECHNOLOGICAL RESOURCES
Unit–5INTERNATIONAL BUSINESS OPERATIONS
Unit–6INTERNATIONAL MANAGEMENT AND CROSS-CULTURAL PERSPECTIVES
Unit–7CHANGES AND GROWTH IN THE INTERNATIONAL MARKETPLACE
Unit–8AN INTRODUCTION TO MULTINATIONAL ENTERPRISES
Unit–9THE IMPACT OF ECONOMICS AND THE INTERNATIONAL MONETARY
FRAMEWORK ON INTERNATIONAL MANAGEMENT
Unit–10THE IMPACT OF DOMESTIC POLITICS ON INTERNATIONAL BUSINESS
Unit–11INFORMATION TECHNOLOGY AND ITS IMPACT ON INTERNATIONAL
MANAGEMENT
Unit–12INTERNATIONAL SERVICE MANAGEMENT CULTURE DEFINED
Unit–13THE IMPACT OF CULTURE ON INTERNATIONAL MANAGEMENT
CROSS-CULTURAL TRAINING AND EXPATRIATE ASSIGNMENTS
Unit–14TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS AND
OPPORTUNITIES
Unit–15 CROSS-CULTURAL TRAINING AND EXPATRIATE ASSIGNMENTS
Unit–16TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS &
OPPORTUNITIES
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
INTERNATIONAL BUSINESS MANAGEMENT
UNIT-1 AN INTRODUCTION TO INTERNATIONAL BUSINESS &
MANAGEMENT
Introduction
planning for international business
managing human resources
managing information & technological resources
international business
UNIT-2 PLANNING FOR INTERNATIONAL BUSINESS
introduction
analyzing the global business environment
international and global strategy
behaving responsibly around the world
moral obligation
sustainability
license to
reputation managing change in the international organization
international leadership & management
UNIT-3 MANAGING HUMAN RESOURCES
Introduction
managing human resources
managing difference
international organization design & control
global business processes
UNIT-4 MANAGING INFORMATION & TECHNOLOGICAL RESOURCES
contents
managing information resources
managing knowledge
global business & enterprise systems
global digital business
UNIT-5 INTERNATIONAL BUSINESS OPERATIONS
Introduction
international operations management
international marketing
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
managing global financial resources
UNIT-6 INTERNATIONAL MANAGEMENT AND CROSS-
CULTURAL PERSPECTIVES
Introduction
Globalization
International Management
International Manager
The Roles of an International Manager
Characteristics of Effective and Efficient International Managers
UNIT-7 CHANGES AND GROWTH IN THE INTERNATIONAL
MARKET PLACE
The Global Market
Individual Country Economics
The Growth of the International Marketplace
Market Needs
Technology
Cost
Quality
Communications and Transportation
The World Trading System
The World Trade Organization
Free flow of trade
Companies Becoming Global
Oregon
UNIT-8 AN INTRODUCTION TO MULTINATIONAL
ENTERPRISES
Introduction
characteristics and functions of multinational enterprises
advantages and disadvantages of multinational enterprises
the relationship between multinational enterprises and the economy
impacts and relationships of MNES with home and host countries
influence of MNES in the developing countries
the demand for skilled international managers
the future and multinational enterprises
UNIT-9 THE IMPACT OF ECONOMICS AND THE INTERNATIONAL
MONETARY FRAMEWORK
Introduction
Money Supply
Historical and Current Monetary Systems
Primitive Forms of Money
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
The History of the United States Monetary System
European Monetary Union (EMU)
Background of the European Monetary Union
Tokyo Stock Exchange (TSE)
London Stock Exchange (LSE)
New York Stock Exchange (NYSE)
Johannesburg Stock Exchange (JSE)
China and Hong Kong
UNIT-10 THE IMPACT OF DOMESTIC POLITICS ON
INTERNATIONAL BUSINESS
Introduction
Foreign Trade Regulations
International Trade Rulings
Attitudes in Foreign Trade
Literature on Tax Policy
From the Irish Tax Friendly Strategy to Recent Tax
Competition in Europe
Some Revealing Cases
Tax Policies in Central and Eastern Europe
Tax Dumping and Unfair Tax Competition in East–Central Europe
The Politics of Most Favored Nation Status
Politics of Joint Ventures
Withdrawing from a Joint Venture
Politics of Employment Law
Politics of Environmental Protection Laws
Politics of Ethics and Social Responsibility
Politics of Importing and Exporting
Politics in Expropriation and Confiscation
Review Question
Further Readings
UNIT-11 INTERNATIONAL BUSINESS OPERATIONS
Introduction
The Role of Information Technology in the US
The Experience of Technology in the US
The Role of Information Technology Outside of the US
Information Technology Transfer
Information Technology and its Effects on the Labor Market
Some Effects on International Trade
The Level of Technology in Less Developed Countries and How it Affects
International Managers
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
Technology and Inequality
Why is the Skill Bias of Technology Related to the Supply of Skilled Workers?
The Case of Inequality in the US in Light of Greater
Trade with the Less Developed Countries (LDCs)
Technology between Industrialized Countries and How it Aids Management of
Multinational Managers
Communication, Teleconferencing, and E–mail New Markets
Changes in the Organization of Production
Review Question
Further Readings
UNIT-12 INTERNATIONAL SERVICE MANAGEMENT
Service Management
International Service Standards
Service Quality
The Service Process
Review Question
Further Readings
UNIT-13 CULTURE DEFINED
Introduction
What is Culture?
Describing Culture
Understanding Culture
Cultural Ethnocentrism
Cultural Comparisons
Culture is Learned
Intercultural Communication
Master of Destiny
Issues of Environment
Education’s Role in Developing International
Competency
Importance of Cultural Awareness
The Impact of Culture on Business Practices
The Impact of Culture on Staffing—The Case of Brazil
Review Question
Further Readings
UNIT-14 THE IMPACT OF CULTURE ON INTERNATIONAL
MANAGEMENT
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
Introduction
How Culture Impacts Planning and Implementation of Goals and Objectives
How Culture Impacts the Competitive Environment of Organizations
Effect of Culture on International Planning
International Planning
Strategic Planning
Operational Planning
Cross-cultural Planning
Environmental and Technological Considerations
Effect of Culture on International Controlling
Effect of Culture on International Organizing
Chunnel Case: British Isles and Continental Europe
Effect of Culture on International Leading Promotion
Managing a Culturally Diverse Workforce
Review Question
Further Readings
UNIT-15 CROSS-CULTURAL TRAINING AND EXPATRIATE
ASSIGNMENTS
Introduction
Planning an Expatriate Assignment
Cross-cultural Business Etiquette and Sensitivity
Importance of Cross-cultural Training
Types of Cross-cultural Training
The Self-confrontation Training Technique
Effectiveness of Cross-cultural Training Programs
The Expatriate Assignment and the Role of Human Resources
Female and Minority Expatriates
Expatriate Adjustment
The Role of Outside Organizations
Review Question
Further Readings
UNIT-16 TOWARD NEW INTERNATIONAL BUSINESS CONDITIONS
& OPPORTUNITIES
Introduction
World Oil Peak and Oil Reserves
Global Management and Global Culture in Fast Growing Regions
Toward A New Concept of Global Entrepreneurship
Review Question
Further Readings
SubjectName:INTERNATIONAL BUSINESS MANAGEMENT
SubjectCode:MBA522 PaperCode:IBM
SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1 INTERNATIONAL BUSINESS – AN OVERVIEW
Unit–2 INTERNATIONAL ORGANISATIONS
Unit–3 ORGANISATIONS ENGAGED IN INTERNATIONAL BUSINESS
Unit–4 INTERNATIONAL BUSINESS ENVIRONMENT
Unit–5 FOREIGN INVESTMENT AND FDI CONTENT OUTLINE
SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE
INTERNATIONAL BUSINESS ENVIRONMENT
UNIT-1 INTERNATIONAL BUSINESS – AN OVERVIEW
Introduction
Definition of International Business
Scope of International Business Activities
Special Difficulties in International Business
Benefits of International Business Survival
Framework for Analysing International Business Environment
Micro Environment
Macro Environment
Review Questions
Further Readings
UNIT-2 INTERNATIONAL ORGANISATIONS
International Economic Environment
WTO
What Is GATT
GATT ‘Rounds’ Of Global Trade Negotiations
World Trade Organisation (WTO)
United Nations Conference on Trade and Development
International Commodity Agreements (ICA)
International Monetary Fund (IMF)
World Bank
Review Questions
Further Readings
UNIT-3 ORGANISATIONS ENGAGED IN INTERNATIONAL BUSINESS
Multinational Corporation
Indian MNCs
Types of MNCs
The Structure of MNCs
Nine-Country Complex
MNCs and Home Societies
MNC Effects on Home Country
Trade and Payments
MNCs and Host Societies
SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE
Adaptability of MNCs to Host Environments
Areas of Conflict
National Sovereignty of the Host Country
Technology Transfer
Parties in the Transfer Process
International Technology Issues
Review Questions
Further Readings
UNIT-4 INTERNATIONAL BUSINESS ENVIRONMENT
Introduction
The Forces
Basis for going global
Types of Political Systems
Political Risks of Global Business
The WTO Initiative
Governmental Influence On Trade The Rationale For Governmental Intervention
Sources of International Law
International Dispute Resolution
Types of Legal Systems
Technological Environment
Joint Ventures
The Concept Of Culture
Reconciliation Of International Differences
Economic Trade Policies (Protectionism)
Review Questions
Further Readings
UNIT-5 FOREIGN INVESTMENT AND FDI CONTENT OUTLINE
Introduction
The Role of Foreign Investment Changing Context for TNCs
Foreign Direct Investment
The National FDI Policy Framework
Incentives to Attract FDI
Economic Rationale for Incentives
Competition for FDI with Incentives
The Effect of Incentives on Investment Decisions
Foreign Portfolio Investment (FPI)
Portfolio Capital Flows: Hot or Cold?
The Potential Impact of a Possible Multilateral Framework (MFI)
SubjectName:INTERNATIONAL BUSINESS ENVIRONMENTSubjectCode:MBA523 PaperCode:IBE
Capital Inflows and Overheating Policies To Control Overheating
Sterilisations through Transfers of Public Sector Deposit
Sterilisation through Open Market Operations
Sterilisation through Restrictions on Domestic Credit Growth
Offsetting the Impact of Monetary Expansion on Aggregate Demand
Policy Regimes and Vulnerability
Macroeconomic Management with Growing Integration
Capital Controls Are Of Questionable Effectiveness
Conditions For Effectiveness Of Different Types Of Controls
Are Capital Controls Desirable?
Exchange Rate Policy
Monetary Policy
Fiscal Policy
Review Questions
Further Readings
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1INTERNATIONAL MARKETING: AN INTRODUCTION
Unit–2 INTERNATIONAL ORGANISATIONS
Unit–3 INTERNATIONAL TRADING
Unit–4 INTERNATIONAL PRICING
Unit–5 INTERNATIONAL BUSINESS-TO-BUSINESS MARKETING
Unit–6 INTERNATIONAL MARKETING OF SERVICES
Unit–7 INTERNATIONAL STRATEGIC MARKETING
Unit–8 INTERNATIONAL STAKEHOLDERS
Unit–9 INTERNATIONAL BRANDS
Unit–10 INTERNATIONAL MARKETING CONCEPTS
Unit–11 MARKET COMPETITIVE FORCES WORLDWIDE
Unit–12ADVERTISING AND PROMOTION IN INTERNATIONAL MARKETS
Unit–13 INTERNATIONAL MARKETING RESEARCH
Unit–14 INTERNATIONAL MANAGEMENT FOR MARKETING PERSONNEL
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
INTERNATIONAL MARKETING MANAGEMENT
UNIT-1 INTERNATIONAL MARKETING: AN INTRODUCTION
Objectives of Studying International Marketing
International Marketing Concepts
Going International
Competitive Business Environment
Economic Environment of Host Countries
Brand India
Core Process Reengineering (CPR) And Total Quality Management (TQM)
Total Customer Management (TCM)
Overview of International Marketing
Market Globalization
Cultural Aspects of Global Business
Product Innovation
Global Communications
Marketing Channels
International Marketing—WTO
Areas the WTO Needs To Look Into
Review Questions
Further Readings
UNIT-2 INTERNATIONAL ORGANISATIONS
The World Trade Organization (WTO)
WORLD BANK
International Bank for Reconstruction and
Development (IBRD)
The International Development Association (IDA)
International Finance Corporation (IFC)
Multilateral Investment Guarantee Agency (MIGA)
International Centre for Settlement of Investment
Disputes (ICSID)
International Monetary Fund (IMF)
United Nations Conference On Trade
And Development (UNCTAD)
International Trade Centre
United Nations Industrial Development
Organization (UNIDO)
Market Globalization
Cultural Aspects of Global Business
Product Innovation
International Market Research
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
Products for the International Market
International Marketing Managers Review Questions
Further Readings
UNIT-3 INTERNATIONAL TRADING
Introduction
Recent Trends and Developments in World Trade
Recent Trade Developments—Region- Wise Developments
International Trade and Government Regulations
Strategies for the Twenty-First Century in India
International Marketing Today
International Trade Transactions
Barter System or No Cash Business
Review Questions
Further Readings
UNIT-4 INTERNATIONAL PRICING
Introduction
Introduction
Pricing Formulae
Finalization Of Price
Review Questions
Further Readings
UNIT-5 INTERNATIONAL BUSINESS-TO-BUSINESS MARKETING
Introduction
Purchase Negotiations In Tender And Non-Tender Businesses
Government Tender Business
The Industrial Buying Process
International Industrial Marketing Research
Competition In Industrial Buying
Review Questions
Further Readings
UNIT-6 INTERNATIONAL MARKETING OF SERVICES
Introduction Intangibility
Responsibility of Service Quality
Management of Complaints
Response to Customer Complaints
Handling Complaints
Guarantee of Service
Customer Satisfaction to Customer Delight
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
Service Product Market Research
Review Question
Further Reading
UNIT-7 INTERNATIONAL STRATEGIC MARKETING
Introduction
Product Related Analysis
Competitive Analysis
Market Analysis
Strategic Marketing Planning Process
Business-To-Business Or Industrial Segmentation
Product Positioning
Managing Across The Product Life Cycle (PLC)
Costs, Volumes And Experience Curve
Market Share Strategy
Product Life Cycle—Growth Stage Strategy
Strategies For The Late Growth Stage In The Product Life Cycle
Strategies For The Maturity Stage Of The Product Life Cycle
Market Strategies In The Decline Stage Of The Product Life Cycle
Portfolio Management Analysis
The Ge Model
International Marketing Strategies
Planning International Marketing
Review Questions
Further Readings
UNIT-8 INTERNATIONAL STAKEHOLDERS
Introduction
The World Business Scene
Profits—The Bottom Line
Employees And Customers
A Firm’s Responsibility Towards Its Workers And Customers
Advertising And Promotion
Suppliers And Business Partners
Government And The Society
Environmental Issues
Review Questions
Further Readings
UNIT-9 INTERNATIONAL BRANDS
Primary Social Stakeholders
Secondary Social Stakeholders
Primary Non-Social Stakeholders And
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
Secondary Non-Social Stakeholders
International Brands
Projective Techniques
Types Of Projective Techniques
Problems Of Projective Techniques
Positioning Strategy
Use Of Best Practices
Integrated Focused Communication
Review Questions
Further Readings
UNIT-10 INTERNATIONAL MARKETING CONCEPTS
Market Segmentation
Products And Services
Relationship Marketing
Market Environment
Organizational Culture
Supply Chain Management
Markets—The Customers
The Market And Its Culture
Gaining And Retaining Customers
Corporate Vision
Cost Centre Or Profit Centre Approach Marketing Logistics
Market-Based Marketing Organization
Core Process-Based Organization
Making Teams With A Member From Each Area
Review Questions
Further Readings
UNIT-11 MARKET COMPETITIVE FORCES WORLDWIDE
Introduction
Competition Types
Competitive Advantage
Understanding Competition
Improving Market Share
Generic Product As Competitors
Market Share And Sales
The Complete International Marketing Plan
Marketing Myopia
Sales Target Planning
Rolling Plan
Marketing Strategy
Price–Quality Strategy
Review Questions
Further Readings
SubjectName:INTERNATIONAL MARKETING MANAGEMENT
SubjectCode:MBA524 PaperCode:IMM
UNIT-12 ADVERTISING AND PROMOTION IN INTERNATIONAL MARKETS
Introduction
Advertising Agency
Public Relations Consultants
Objectives Of Advertising
Advertising Agency—Its Working In The New
Advertiser And The Agency Selection
Advertising Agency Selection Process
Agency Rating
Advertising Research And Defining Advertising Goals For Measuring Advertising
Results (DAGMAR)
Media Planning And Product Positioning
Cable Television And Satellite Channels
Advertising Budget
Product Launches
Creative Strategy—Art And Copy
International Advertising
Sales Promotion
Marketing, Advertising And Economy
Marketing And Society Review Questions
Further Readings
UNIT-13 INTERNATIONAL MARKETING RESEARCH
Introduction
Research Plan
Introduction To International Market Research
Marketing Research Objectives
Marketing Research Methods
Data Processing And Analysis
Review Questions
Further Readings
UNIT-14 INTERNATIONAL MANAGEMENT FOR MARKETING PERSONNEL
Introduction
Suitability Criteria for Staff
Knowledge of The Host Country
Seven S Model
International Information Exchange
Foreign Direct Investment (FDI)
Review Questions
Further Readings
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1CORE CONCEPT OF INTERNATIONAL FINANCE MANAGEMENT
Unit–2 INTERNATIONAL BANKING AND FINANCE
Unit–3 STRUCTURE OF FOREIGN MARKET
Unit–4 INTERNATIONAL TRADE TRANSECTIONS
Unit–5 FOREIGN EXCHANGE RISK MANAGEMENT
Unit–6 BALANCE OF PAYMENT
Unit–7 CURRENCY AND INTEREST RATES
Unit–8 INTERNATIONAL CAPITAL BUDGETING
Unit–9 TAXATION
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
INTERNATIONAL FINANCIAL MANAGEMENT
UNIT-1 CORE CONCEPT OF INTERNATIONAL FINANCE MANAGEMENT
Learning Objectives
Why Study International Finance?
World Monetary System
Growth in World Trade In Past Five Decades
Foreign Direct Investment Opportunities
The Emerging Challenges
The Multinational Financial System
Functions of Financial Management
Relationship to Domestic Financial Management
The Importance of Total Risk
Universal Banking
Equity as a Source of External Finance
Review Questions
Further Readings
UNIT-2 INTERNATIONAL BANKING AND FINANCE
Introduction
Learning Objectives
Exchange Rate Regime
A Brief Historical Overview: The Gold Standard and The
Bretton Woods System
Exchange Rate Regimes: The Current Scenario
Is there an Optimal Exchange Rate Regime?
The International Monetary Fund (IMF)
Funding Facilities
International Liquidity and Special Drawing Rights (SDR)
The Role of IMF in the Post-Bretton Woods World
Special Leading Facilities and Policies
The Economic and Monetary Union (EMU)
Euro Markets
An Overview of Money Market Instruments
Review Questions
Further Readings
UNIT-3 STRUCTURE OF FOREIGN MARKET
Introduction
Learning Objectives
Foreign Exchange Market as a Central Trade Clearing House
Exchange Rate Definitions:
Important Note
Characteristics and Participants of the Foreign Exchange Market
Main Participants of Foreign
Exchange Market
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
The Spot Market
Exchange Rate Quotations and Arbitrage
Arbitrage in Spot Markets
Swaps in Foreign Exchange Markets
Exchange Rate Regime and Exchange Control
The Structure of the Indian Foreign Exchange Market
Exchange Rate Calculations
Forward Exchange Rates In India
Definition of an International Bank
International Trade in Banking Services
The Multinational Bank
The International Payments System
The Inter-banking Market
The Costs and Benefits of International Banking
Review Questions
Further Readings
UNIT-4 INTERNATIONAL TRADE TRANSECTIONS
Introduction
Learning Objective
Fundamental Equivalence Relationship
Bill of Lading
Determinations of Exchange Rates
Absolute Purchasing Power Parity
Relative Purchasing Power Parity
Purchasing Power Parity as a Model of Exchange Rate Behavior
Covered Interest Parity
Structural Models For Foreign Exchange And Exposure Rate
Capital Account Monetary Model
The Nature of Money and Currency Values
Central Bank Reputations and Currency Values
The Fundamentals of Central Bank Intervention
Foreign Exchange Market Intervention
The Equilibrium Approach to Exchange Rates
Conceptual Framework of Internationalization Process
Liberalization and Protectionism play a pivotal role in
Internationalization
Issues in the Internationalization Process Of Foreign Investment and International
Business
Evolution of Strategy in the Internationalization Process
Geographic Strategy in the Internationalization Process
Marketing in the Internationalization Process
Financial Market Imperfections
The Strategy of Multinational Enterprises
Designing a Global Expansion Strategy
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
Review Questions
Further Readings
UNIT-5 FOREIGN EXCHANGE RISK MANAGEMENT
Learning Objectives
Translation Exposure
Differences in Accounting Methods
Transactions Exposure
Accounting Treatment of Transaction and Translation Exposure
Economic Exposure
Natural Hedges
Cash Management and Adjusting Intercompany Accounts
International Bond Financing
Currency Options and Multiple Currency Bonds
Macro Factors Governing Exchange Rate Behavior
Review Questions
Further Readings
UNIT-6 BALANCE OF PAYMENT
Learning Objectives
Introduction
Accounting Principles in Balance of Payments
Components of Balance of Payments
The Current Account
The Capital Account
Collection, Reporting and Presentation of the Balance of
Payments Statistics
Balance of Payments Accounting and Accounts
Domestic Savings and Investment and the Capital Account
Meaning of “Deficit” and “Surplus” in the Balance of
Payments
Alternative Concepts of Surplus and Deficits
The Official Settlements Balance
Why are Bop Statistics Important?
Review Questions
Further Readings
UNIT-7 CURRENCY AND INTEREST RATES
Learning Objectives
Futures Contracts, Markets and the Trading Process
Major Features of Futures Contracts
Typical Currency Futures
The Futures Trading Process
Speculation with Currency Futures
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
Options on Spot, Options on Futures and Futures style
Options
Hedging with Currency Options
Futures Options
Empirical Studies of Option Pricing Models
Currency Options in India
Major Types of Swap Structures
Financial Swaps
Expected Inflation and Exchange Rate Changes
The Fisher Effect
The International Fisher Effect
Inflation Risk and Its Impact on Financial Markets
Inflation Risk And Currency Forecasting
Currency Forecasting
Forecasting Controlled Exchange Rates
Review Questions
Further Readings
UNIT-8 INTERNATIONAL CAPITAL BUDGETING
Learning Objectives
Net Present Value
The Adjusted Present Value (APV) Framework
Incremental Cash Flows
Cannibalization
Sales Creation
Opportunity Cost
Transfer Pricing
Fees and Royalties
Parent Versus Project Cash Flows
A Three Stage Approach
Estimating Incremental Project Cash Flows
Tax Factors
Adjusting the Discount Rate or Payback Period
Exchange Rate Changes and Inflation
Project Appraisal in the International Context
Foreign Project Appraisal: The Case of International Diesel
Corporation
Estimation of Project Cash Flows
Initial Investment Outlay
Financing IDCU.K.
Options Approach to Project Appraisal
The Practice of Cross Border Direct Investment Appraisal
The International Banking Crisis of 1982
Onset of the Crisis
The Baker Plan
SubjectName:INTERNATIONAL FINANCIAL MANAGEMENT
SubjectCode:MBA525 PaperCode:IFM
The Brady Plan
Country Risk Analysis in International Banking
Country Risk and the Terms of Trade
The Government’s Cost/Benefit Calculus
Debt Service Measures
Review Questions
Further Readings
UNIT-9 TAXATION
Learning Objectives
Objective of Taxation on International Investment
Tax Neutrality
Tax Equity
Tax Treaties
Scope of Tax Charge
Place of Earning Income and Tax Liability
Foreign Tax Credit
Taxation of Multinational Investment Corporation
Additional Limitations
On the Foreign Tax Credit
Allocation of Income Rules
Tax Implications of Foreign Activities of Indian Enterprise
Tax Incentives for Earnings
Export of Goods or Merchandise outside India
Earnings in Convertible Foreign Exchange
Tax Implications of Activities of Foreign Enterprises in India
Double Taxation Relief
Bilateral Relief
Unilateral Relief
Transfer Pricing
Review Questions
Further Readings
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1INTRODUCTORY TRADE ISSUES: HISTORY, INSTITUTIONS, AND
LEGAL FRAMEWORK
Unit–2 THE RICARDIAN THEORY OF COMPARATIVE ADVANTAGE
Unit–3 THE PURE EXCHANGE MODEL OF TRADE
Unit–4 FACTOR MOBILITY AND INCOME REDISTRIBUTION
Unit–5 THE HECKSCHER-OHLIN (FACTOR PROPORTIONS) MODEL
Unit–6 ECONOMIES OF SCALE AND INTERNATIONAL TRADE
Unit–7TRADE POLICY EFFECTS WITH PERFECTLY COMPETITIVE
MARKETS
Unit–8 DOMESTIC POLICIES AND INTERNATIONAL TRADE
Unit–9TRADE POLICIES WITH MARKET IMPERFECTIONS AND
DISTORTIONS
Unit–10 POLITICAL ECONOMY AND INTERNATIONAL TRADE
Unit–11EVALUATING THE CONTROVERSY BETWEEN FREE TRADE AND
PROTECTIONISM
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
INTERNATIONAL TRADE
UNIT-1 INTRODUCTORY TRADE ISSUES: HISTORY, INSTITUTIONS, AND
LEGAL FRAMEWORK
What Is International Economics?
Understanding Tariffs
Measuring Protectionism: Average Tariff Rates around the World
Problems Using Average Tariffs as a Measure of Protection
Recent Trade Controversies
Doha and WTO
Ambivalence about Globalization since the Uruguay Round
The Great Depression, Smoot-Hawley, and the Reciprocal Trade Agreements Act
(RTAA)
The General Agreement on Tariffs and Trade (GATT)
Most-Favoured Nation
National Treatment
Antisubsidy
The Uruguay Round
The Agreement on Agriculture (AOA)
The General Agreement on Trade in Services (GATS)
The Agreement on Textiles and Clothing (ATC)
Trade-Related Aspects of Intellectual Property Rights (TRIPS)
Other Agreements
The World Trade Organization
The Dispute Settlement Process
Dispute Settlement History
Review Questions
Further Readings
UNIT-2 THE RICARDIAN THEORY OF COMPARATIVE ADVANTAGE
Introduction
The Reasons for Trade
The Theory of Comparative Advantage: Overview
Ricardo’s Numerical Example
The Ricardian Model: Assumptions and Results
Defending against Skeptics: The Intuition behind the Theory of Comparative
Advantage
A Gardening Story
Interpreting the Theory of Comparative Advantage
Ricardian Model Assumptions
Factor Mobility
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
The Ricardian Model Production Possibility Frontier
Comparative Advantage
A Ricardian Numerical Example
Relationship between Prices and Wages
Deriving the Autarky Terms of Trade
The Motivation for International Trade and Specialization
Welfare Effects of Free Trade: Real Wage Effects
The Welfare Effects of Free Trade: Aggregate Effects
Review Questions
Further Readings
UNIT-3 THE PURE EXCHANGE MODEL OF TRADE Introduction
Determinants of the Terms of Trade
Example of a Trade Pattern Three Traders and Redistribution with Trade
Three Traders with International Trade
The Nondiscrimination Argument for Free Trade
Review Questions
Further Readings
UNIT-4 FACTOR MOBILITY AND INCOME REDISTRIBUTION Introduction
Factor Mobility Overview
Domestic Factor Mobility
Time and Factor Mobility
Immobile Factor Model Overview and Assumptions
The Production Possibility Frontier in the Immobile Factor
Depicting a Free Trade Equilibrium in the Immobile Factor Model
Effect of Trade on Real Wages
Intuition of Real Wage Effects
Interpreting the Welfare Effects
Review Questions
Further Readings
UNIT-5 THE HECKSCHER-OHLIN (FACTOR PROPORTIONS) MODEL Introduction
The Main Results of the H-O Model
Heckscher-Ohlin Model Assumptions
The Production Possibility Frontier (Fixed Proportions)
The Rybczynski Theorem
The Magnification Effect for Quantities
The Stolper-Samuelson Theorem
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
The Magnification Effect for Prices
The Heckscher-Ohlin Theorem
The Distributive Effects of Free Trade in the Heckscher- Ohlin Model
The Compensation Principle
Factor-Price Equalization
The Specific Factor Model: Overview
The Specific Factor Model Dynamic Income Redistribution and Trade
Review Questions
Further Readings
UNIT-6 ECONOMIES OF SCALE AND INTERNATIONAL TRADE Introduction
Economies of Scale and Returns to Scale
Monopolistic Competition
Model Assumptions: Monopolistic Competition
The Effects of Trade in a Monopolistically Competitive Industry
The Costs and Benefits of Free Trade under Monopolistic Competition
Review Questions
Further Readings
UNIT-7 TRADE POLICY EFFECTS WITH PERFECTLY COMPETITIVE
MARKETS Introduction
Basic Assumptions of the Partial Equilibrium Model
The Welfare Effects of Trade Policies: Partial Equilibrium
Import Tariffs: Large Country Price Effects
Import Tariffs: Large Country Welfare Effects
The Optimal Tariff
Import Tariffs: Small Country Price Effects
Import Tariffs: Small Country Welfare Effects
Retaliation and Trade Wars
Import Quotas: Large Country Price Effects
Import Quota: Large Country Welfare Effects
Import Quota: Small Country Price Effects
Import Quota: Small Country Welfare Effects
The Choice between Import Tariffs and Quotas
Export Subsidies: Large Country Price Effects
Export Subsidies: Large Country Welfare Effects
Countervailing Duties
Voluntary Export Restraints (VERs): Large Country Price Effects
Administration of a Voluntary Export Restraint
Voluntary Export Restraints: Large Country Welfare Effects
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
Export Taxes: Large Country Price Effects
Review Questions
Further Readings
UNIT-8 DOMESTIC POLICIES AND INTERNATIONAL TRADE Introduction
Types Of Domestic Policies
Domestic Production Subsidies
Production Subsidies as a Reason for Trade
Production Subsidy Effects in a Small Importing Country
Domestic Consumption Taxes
Consumption Taxes as a Reason for Trade
Consumption Tax Effects in a Small Importing Country
Review Questions
Further Readings
UNIT-9 TRADE POLICIES WITH MARKET IMPERFECTIONS AND
DISTORTIONS Introduction
Imperfections and Distortions Defined
The Theory of the Second Best
Unemployment and Trade Policy
The Case of a Foreign Monopoly
Monopoly and Monophony Power and Trade
Trade and the Environment
Review Questions
Further Readings
UNIT-10 POLITICAL ECONOMY AND INTERNATIONAL TRADE Introduction
Some Features of a Democratic Society
The Economic Effects of Protection: An Example
The Consumers’ Lobbying Decision
The Producers’ Lobbying Decision
The Government’s Decision
The Lobbying Problem in a Democracy
Review Questions
Further Readings
UNIT-11 EVALUATING THE CONTROVERSY BETWEEN FREE TRADE AND
PROTECTIONISM Introduction
Economic Efficiency Effects of Free Trade
Free Trade and the Distribution of Income
SubjectName:INTERNATIONAL TRADE
SubjectCode:MBA526 PaperCode:IT
The Case For Selected Protection
The Economic Case against Selected Protection
Review Questions
Further Readings
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1INTRODUCTORY FINANCE ISSUES: CURRENT PATTERNS, PAST
HISTORY, AND INTERNATIONAL INSTITUTIONS
Unit–2NATIONAL INCOME AND THE BALANCE OF PAYMENTS
ACCOUNTS
Unit–3 THE WHOLE TRUTH ABOUT TRADE IMBALANCES
Unit–4 FOREIGN EXCHANGE MARKETS AND RATES OF RETURN
Unit–5 INTEREST RATE PARITY
Unit–6 PURCHASING POWER PARITY
Unit–7 INTEREST RATE DETERMINATION
Unit–8 NATIONAL OUTPUT DETERMINATION
Unit–9 THE AA-DD MODEL
Unit–10 POLICY EFFECTS WITH FLOATING EXCHANGE RATES
Unit–11 FIXED EXCHANGE RATES
Unit–12 POLICY EFFECTS WITH FIXED EXCHANGE RATES
Unit–13 FIXED VERSUS FLOATING EXCHANGE RATES
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
INTERNATIONAL FINANCE
UNIT-1 INTRODUCTORY FINANCE ISSUES: CURRENT PATTERNS, PAST
HISTORY, AND INTERNATIONAL INSTITUTIONS
Introduction
The International Economy and International
Economics
What Is International Economics?
DP, Unemployment, Inflation, and Government Budget Balances
Gross Domestic Product around the World
Unemployment and Inflation around the World
Government Budget Balances around the World
Trade Balances and International Investment Positions
Business Cycles: Economic Ups and Downs
The Recession of 1980–1982
The Great Depression
International Macroeconomic Institutions: The IMF and the World Bank
Review Questions
Further Readings
UNIT-2 NATIONAL INCOME AND THE BALANCE OF PAYMENTS
ACCOUNTS
National Income and Product Accounts
National Income or Product Identity
The Role of Imports in the National Income Identity
U.S. National Income Statistics (2007–2008)
Balance of Payments Accounts: Definitions
Merchandise Trade Balance
GDP versus GNP
Financial Account Balance
Recording Transactions on the Balance of Payments
A Simple Exchange Story
Important Lessons from the Exchange Story
The Twin-Deficit Identity
International Investment Position
The U.S. International Investment Position
Review Questions
Further Readings
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
UNIT-3 THE WHOLE TRUTH ABOUT TRADE IMBALANCES Overview of Trade Imbalances
Trade Imbalances and Jobs
The National Welfare Effects of Trade Imbalances
The Individual Analogy
Some Further Complications
How to Evaluate Trade Imbalances
The International Investment Position
Four Trade Imbalance Scenarios
Review Questions
Further Readings
UNIT-4 FOREIGN EXCHANGE MARKETS AND RATES OF RETURN Introduction
The Forex: Participants and Objectives
Importers and Exporters
Investment Objectives
Exchange Rate: Definitions
Currency Value
Other Exchange Rate Terms
Calculating Rate of Returns on International Investments
U.S. Rate of Return
Interpretation of the Rate of Return Formula
Applying the Rate of Return Formulas
Review Questions
Further Readings
UNIT-5 INTEREST RATE PARITY Introduction
Overview of Interest Rate Parity
Interest Rate Parity Condition
Interest Rate Parity Theory
Comparative Statics in the IRP Theory
Exchange Rate Equilibrium Stories with the RoR Diagram
Exchange Rate Too Low
Review Questions
Further Readings
UNIT-6 PURCHASING POWER PARITY Introduction
Overview of Purchasing Power Parity (PPP)
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
The Law of One Price (LoOP)
From LoOP to PPP
The Consumer Price Index (CPI) and PPP
PPP Using the CPI
PPP as a Theory of Exchange Rate Determination
PPP Equilibrium Story
Adjustment to Price Level Changes under PPP
Problems and Extensions of PPP
Relative PPP
PPP in the Long Run
Overvaluation and Undervaluation
Over- and Undervaluation with Respect to Current Account Balance
PPP and Cross-Country Comparisons
Review Questions
Further Readings
UNIT-7 INTEREST RATE DETERMINATION contents
introduction
review questions
further readings
introduction
UNIT-8 NATIONAL OUTPUT DETERMINATION Introduction
Introduction
Overview of National Output Determination
Consumption Demand
Linear Consumption Function
Investment Demand
Government Demand
Export and Import Demand
The Aggregate Demand Function
The Keynesian Cross Diagram
Goods and Services Market Equilibrium Stories
GNP Too High
GNP Too Low
Effect of an Increase in Government Demand on Real GNP
Effect of an Increase in the U.S. Dollar Value on Real GNP
The J-Curve Effect
Review Questions
Further Readings
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
UNIT-9 THE AA-DD MODEL Introduction
Overview of the AA-DD Model
Derivation of the DD Curve
A Note about Equilibriums
Shifting the DD Curve
Derivation of the AA Curve
A Note about Equilibriums
Shifting the AA Curve
Super equilibrium: Combining DD and AA
Adjustment to the Super equilibrium
Reduction in Investment
Increase in Foreign Interest Rates
AA-DD and the Current Account Balance
Iso-CAB Line
Justifying the Shape of the Iso-CAB Line
Using the Iso-CAB Line
Review Questions
Further Readings
UNIT-10 POLICY EFFECTS WITH FLOATING EXCHANGE RATES Introduction
Overview of Policy with Floating Exchange Rates
Connections
Monetary Policy with Floating Exchange Rates
Expansionary Monetary Policy
Quick Result
Transition Description
Complete Adjustment Story
Contractionary Monetary Policy
Expansionary Fiscal Policy
Quick Result
Transition Description
Complete Adjustment Story
Contractionary Fiscal Policy
Expansionary Monetary Policy with Floating Exchange
Rates in the Long Run
Partial Detail
Foreign Exchange Interventions with Floating
Exchange Rates
Indirect Forex Intervention
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
Direct Forex Intervention
Indirect Effect of Direct Forex Intervention
Sterilized Forex Interventions
Review Questions
Further Readings
UNIT-11 FIXED EXCHANGE RATES Introduction
Overview of Fixed Exchange Rates
Fixed Exchange Rate Systems
Price-Specie Flow Mechanism
Reserve Currency Standard
Gold Exchange Standard
Other Fixed Exchange Rate Variations
Interest Rate Parity with Fixed Exchange Rates
Balance of Payments Deficits and Surpluses
Black Markets
Review Questions
Further Readings
UNIT-12 POLICY EFFECTS WITH FIXED EXCHANGE RATES Introduction
Overview of Policy with Fixed Exchange Rates
Monetary Policy with Fixed Exchange Rates
Expansionary Monetary Policy
Concretionary Monetary Policy
Fiscal Policy with Fixed Exchange Rates
Expansionary Fiscal Policy
Concretionary Fiscal Policy
Exchange Rate Policy with Fixed Exchange Rates
Devaluation
Revaluation
Concretionary Monetary Policy by the Reserve Country
Currency Crises and Capital Flight
Borrowing Reserves
Capital Flight
Return to Float
Review Questions
Further Readings
UNIT-13 FIXED VERSUS FLOATING EXCHANGE RATES Introduction
SubjectName:INTERNATIONAL FINANCE
SubjectCode:MBA527 PaperCode:IF
Overview of Fixed versus Floating Exchange Rates
Exchange Rate Volatility and Risk
Exchange Rate Risk for Traders
Exchange Rate Risk for Investors
Volatility and the Choice of Exchange Rate System
Inflationary Consequences of Exchange Rate Systems
Monetary Autonomy and Exchange Rate Systems
Which Is Better: Fixed or Floating Exchange Rates?
Prudent Monetary and Fiscal Policies
Review Questions
Further Readings
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
DIRECTORATEOFDISTANCEEDUCATION
INTEGRALUNIVERSITY,LUCKNOW
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
(W.e.f.JULY2016Session)
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UNIT ChapterName
Unit-1THE RESPONSIBLE BUSINESS ENTERPRISE
Unit–2 THE BUSINESS ETHICS PROGRAM
Unit–3 STRUCTURING THE BUSINESS ETHICS PROGRAM
Unit–4 PUTTING BUSINESS ETHICS INTO PRACTICE
Unit–5 ACHIEVING RESPONSIBLE BUSINESS CONDUCT
Unit–6 BUSINESS ETHICS INFRASTRUCTURE
Unit–7 BUSINESS ETHICS COMMUNICATIONS AND FEEDBACK
Unit–8 ALIGNING THE RESPONSIBLE BUSINESS ENTERPRISE
Unit–9 RESPONSIBLE BUSINESS CONDUCT AND PRACTICES
Unit–10 PROGRAM EVALUATION AND ORGANIZATIONAL LEARNING
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
VALUES AND ETHICS IN MANAGEMENT
UNIT-1 THE RESPONSIBLE BUSINESS ENTERPRISE
Introduction
Responsible Business Conduct in a Market Economy
Enterprise Purpose and Profit
Business Enterprise Stakeholders
The Business Ethics Program
Triple Bottom Line
The Global Marketplace
Responsible Business as Part Of The Solution
The Small to Medium-Sized Enterprise
Legacies of Central Planning
Market-Oriented Legislative, Procedural, and Institutional Tools Did Not Exist
Development of Market-Oriented Institutions
The Individual Business in an Emerging Market Economy
Improving Business Performance
Helping Build Social Capital
Working With Leaders In Business, Government, And Civil Society
Review Questions
Further Readings
UNIT-2 THE BUSINESS ETHICS PROGRAM
Introduction
Improving Business Performance
Enhanced Reputation and Goodwill
Reduced Risks
Reduced Costs
Protection from Unethical Employees and Agents
Enhanced Performance, Productivity, and Competitive Position
Sample vendor Code
Expanded Access to Capital, Credit, And Foreign Investment
Increased Profits and Sustained Long-Term Growth
Increased International Respect
Social Responsibility
Ultra-Social Responsibility
Concern For The Community
Responsible Business Conduct Is Good Management
Special Opportunities for Small To Medium-Sized Enterprises
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
Emerging Global Standards
Review Questions
Further Readings
UNIT-3 STRUCTURING THE BUSINESS ETHICS PROGRAM
Introduction
Planning, Strategy, And the Business Ethics Program
Corporate Social Responsibility and the SME
Establishing the Nature of the Program
Orientation of the Program
Considerations For The Small To Medium-Sized Enterprise
Compliance Level
Risk Management Level
Reputation Enhancement Level
Value-Added Level
Understanding An Enterprise’s Strengths And Weaknesses
Differentiate Between Governance and Management
Build On Strengths
Mobilize the Entire Enterprise Around Core Beliefs
Using The RBE Worksheets
Review Questions
Further Readings
UNIT-4 PUTTING BUSINESS ETHICS INTO PRACTICE
Introduction
Planning an Effective Business Ethics Program
Essential Characteristics of Enterprises
Expected Program Outcomes
Benchmarks and Baselines
Employee Misconduct
Importance of Context
Scanning the Enterprise’s Internals
Business Ethics Program Logic Model
Review Questions
Further Readings
UNIT-5 ACHIEVING RESPONSIBLE BUSINESS CONDUCT
Introduction
Standards and Procedures
How the RBE Differs From Other Enterprises
Setting Employee Expectations
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
Responsible Governance
Responsible Governance Process
Policy Governance Commitment
Board–Management Delegation
Principles For Setting Management Standards, Procedures, And Expectations
Core Values
Vision of a Desired Future
Guiding Principles
Royal Dutch/Shell’s Economic Principles
Code of Conduct
Basic Principle
Responsible Business Conduct Policies
Typical Code of Conduct Provisions
Business Ethics Program
Review Questions
Further Readings
UNIT-6 BUSINESS ETHICS INFRASTRUCTURE
Introduction
Importance of business ethics infrastructure
Responsibility functions
Business ethics infrastructure for the same
Infrastructure for owner representatives
High-level responsibility
Ethics and business conduct
Business ethics officer
Business ethics council
Professional ethics council
Business conduct representatives
Related executive and department functions
Business conduct representatives
Individual responsibility
Review Questions
Further Readings
UNIT-7 BUSINESS ETHICS COMMUNICATIONS AND FEEDBACK
Introduction
Communicating and Providing Feedback
Developing A Communications Program
Communicating Standards, Procedures, And
Expectations
Creating A Training Program
Delivering The Training Program
Using The Modes Of Training
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
Updating And Modifying The Training Program
Managing Training Administration
Ensuring Members Follow Standards And Meet
Expectations
Employees Seeking Advice And Reporting
Concerns
The Organizational Ombudsman
Policies And Procedures For Investigations
External Stakeholder Engagement
Review Questions
Further Readings
UNIT-8 ALIGNING THE RESPONSIBLE BUSINESS ENTERPRISE
Introduction
Understanding the Importance of Alignment
Business Ethics Programs and Business Planning
Having Responsible Owners, Managers, And
Supervisors
Hiring the Right People
Placing People in the Right Positions
Retaining the Right People
Dealing With the Wrong People
Encouraging Employees to Follow Standards and Procedures
Need For Recognition
Reward Systems
Discipline Systems
Dealing With Mistakes, Misconduct, Or Misunderstandings
Dealing With Mistakes and Failures
Dealing With Misconduct or Serious Harm To Stakeholders
Cooperation with the Government
Handling Misunderstandings and Other Crises
Modifying the Business Ethics Program
Review Questions
Further Readings
UNIT-9 RESPONSIBLE BUSINESS CONDUCT AND PRACTICES
Introduction
Challenges to The Responsible Business Enterprise
Relationships with Government Officials And Entities
Reducing Corruption, Bribery, and Extortion
Government Anticorruption Policies
Encouraging Government Standards And Procedures
Role Of The Private Sector In The Regulatory Process
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
Improperly Influencing Government
Properly Influencing Government
International Center For Entrepreneurial Studies
Government Contracting And Procurement
Challenges In Government Contracting
Model Procurement Standards
Integrity Pacts
Business Ethics And Conduct In Contracting With The United
States Government
Role of Voluntary Action
Levelling The Business Playing Field
Participating In Community Development
Forming Charitable Foundations
Relationships With Foreign Governments And Businesses
Combating Bribery Of Foreign Officials
Adhering To Anti–Money Laundering Provisions
Protecting The Environment
Review Questions
Further Readings
UNIT-10 PROGRAM EVALUATION AND ORGANIZATIONAL LEARNING
Introduction
Importance of Program Evaluation
Enterprises Should Evaluate Their Programs Performance Measurement
Program Evaluation and the Small to Medium- Sized Enterprise
Measuring Program Performance
Defining the Purpose Of Program Evaluation
Scanning the Relevant Context
Tracking Organizational Culture
Evaluating the Process
Defining Expected Program Outcomes
Measurable Factors of Organizational Culture
Developing a Data Collection Plan
Measurable Program Outcomes
Reporting Program Performance
Reporting To External Stakeholders
Building Reporting Credibility
Determining Format
Reporting Content
Organizational Learning
New Beginning
Basic Guidelines for Codes of Business Conduct
SubjectName: VALUES AND ETHICS IN MANAGEMENT
SubjectCode:MBA528 PaperCode:VEM
Principles in Personal and Professional Relations
Prevention of Extortion and Bribery
Creation of a Culture That Fosters Sound
Business Standards and Corporate Practices
Recommendations for Implementation of These Guidelines
Review Questions
Further Readings