International Business Management

Unit

Title and Contents

No. of

Lecture Hours

1

Foundations of International Business and Core Concepts of Import–Export

15

1.1.

Introduction to the Meaning, Nature, and Scope of International Business, Domestic vs International Business.

1.2.

Understanding Globalization: Meaning, Benefits, Challenges, and Economic Effects.

1.3.

International Trade Theories: Comparative Advantage, Heckscher–Ohlin, Product Life Cycle Theory, National Competitive Advantage (Porter’s Diamond).

1.4.

Modes of Entry into International Business:

Exporting & Importing, Licensing & Franchising, Joint Ventures

Wholly-Owned Subsidiaries and MNCs & Global Companies.

1.5.

International Institutions: Their Role in Promoting Trade: WTO, IMF, World Bank and UNCTAD.

1.6.

India’s Foreign Trade Overview: India’s Major Exports & Imports, Key Trading Partners and Current Trends.

2

Export–Import Process and Regulatory Framework

15

2.1.

Introduction to Export–Import: Meaning of Export & Import Types of Exporters (Manufacturer Exporters, Merchant Exporters) Export–Import Cycle.

2.2.

Export Procedure: Registration (IEC, RCMC), Selection of Product & Market, Documentation – Invoice, Packing list, Bill of Lading/Airway Bill, Certificate of Origin, Insurance Documents. Role of CHA (Custom House Agent).

2.3.

Import Procedure: Import License Requirements, Placing an Order Bill of Entry, Customs Clearance, Duty Structure (Basic Understanding)

2.4.

Export Payment Methods: Advance Payment, Letter of Credit (LC) – Simple Explanation, Documentary Collection (DP/DA), Open Account

2.5.

Export Incentives in India: Duty Drawback, MEIS/SEIS (or their Updated Schemes – Simple Explanation), EPCG, EOU/STPI, Export Promotion Councils.

2.6.

Logistics in Export–Import: Freight Forwarding – Basic Idea, Incoterms (EXW, FOB, CIF, etc.) Simplified, Warehousing, Packing, Labelling Requirements

2.7.

Government Support Agencies: DGFT, FIEO, ECGC (Export Credit Guarantee Corporation), EXIM Bank – Role in Promoting Exports.