National Institute of Technology 2009-1st Sem M.B.A International Business IV Sem - - Question Paper

INTERNATIONAL BUSINESS

Q: one (A) elaborate the basic element of social responsibility?

Ans:

The basic elements of social responsibility are social sciences: political science, law, anthropology, sociology, psychology, economics, and geography. Politics helps shape business worldwide because the political leaders control whether and legal regulations international business takes place. For e.g. Lacasfilm cannot distribute attack of the clones in Cuba because political conflict ranging from Cuba and the United States has led to trade restrictions.

Domestic and international legal regulations determines legally what the managers of a company operating internationally can do. Domestic legal regulations includes regulations in both the home and host countries on such matters as taxation, employment and foreign exchange transactions. For eg: Japanese legal regulations determines how lucafilm revenues from Japanese screenings are taxed and how they can be exchanges from yen to US dollars. International lawin the form of legal agreements ranging from 2 countries governs how the earnings are taxed by both.

Physical and societal factors:

1. Political policies and legal practices.
2. cultural factors
3. economic forces
4. geographical influences

The related sciences of anthropology, sociology and psychology define in part, people’s social and mental development, behavior and interpersonal activities. By studying these sciences, managers can better understand societal values, attitudes and beliefs concerning and others.

Economics explains the other concepts such as why countries exchange foods and services with every other and why capital and people travel among countries in the reason of business and why 1 country’s currency has a various value compared to a different.

Manages who know geography can better determine the location, volume and availability of the world resources as well as the best way to exploit them. The uneven distribution of resources outcomes in various products and services being produced or offered in various parts of the world.

Q: one (B) How can you remove cross-cultural illiteracy?

Ans:

Although the openings case illustrates the advantages of adjusting, such as Harvey Nicholas providing drivers lounges and prayers rooms in its Saudi Arabian department store, international companies sometimes have succeeded in introducing new products, technologies and operating procedures to foreign countries with little adjustments. That because the host society is willing to accept foreign customs as a trade off for other advantages. Often local society on foreigners and its own citizens differently. For eg: western female flight attendants are permitted to wear jeans and T-shirts in public when staying overnight in Jidda, Saudi Arabia, even though local women a\cannot. Members of the host society may even feel they are being stereyo typed in an uncomplimentary way when foreigners adjust too much moreover western female managers in Hong Kong say local people see them primarily as foreigners, not as women. These and elsewhere they are accepted more as manager rather than the local women.

Earning:   Approval pending.