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Fundamentals of Foreign Trade
Categories:
Business
Description
The course consists of the role of environment analysis in international business, significance of PEST analysis, various environments impacting international business, elements of culture, cultural shock, the advantages of UNESCO guidelines, Economic integration, the role of NAFTA, SAFTA, ASEAN, EU and SAARC, Joint Ventures and Strategic alliances. The major laws related to foreign trade in India are also covered in this course. By the end of this course, students will be able to differentiate between international business and foreign trade, internationalisation process. They will be able to identify the impact of environments in International Business and Economic Integration including laws related to India’s foreign trade.

Curriculum

Module 1 – An Overview of Foreign Trade

Importance - nature and scope of international business; Modes of entry into international business. Internationalisation process and managerial implications.

Module 2 – Conducting Business in Multiple Countries

Framework for analysing international business environment - Domestic, foreign and global environments and their impact on international business - UNESCO guidelines.

Module 3 – Economic Integration and Agreements

Levels of economic integration, NAFTA, SAFTA, ASEAN, EU and Recent multilateral agreement in India’s foreign trade.

Module 4 – Joint Ventures and Foreign Collaborations

Joint ventures and other forms for strategic alliances: Traditional and emerging reasons for forming strategic alliances: Pitfalls in strategic alliances; Making cross-cultural alliances work.

Module 5 – Regulations for Foreign Trade

India laws and regulations governing international business transactions, Taxation of foreign income; Foreign investment; Setting up offices and branches abroad.

Learning Outcomes

  • Compare modes of entry in international business and the process of internalisation and its managerial implications
  • Analyse domestic, foreign and global environments in International Business
  • Summarise the role of NAFTA, SAFTA, ASEAN, EU
  • Benefits and challenges of joint venture and analyse the cross culture issues in foreign collaborations
  • Explain the major laws related to foreign trade in India, Identify the latest foreign trade policy

Who Should Attend?

  • Bachelor of Business Administration
  • Bachelor of Commerce
  • Master of Business Administration

Job Prospects

  • Relationship Manager
  • Export Manager
  • Client Relationship Partner
  • Purchase Trainee
  • Business Development Manager
  • Accounts Manager

Certification

After completing this course and successfully passing the certification examination, the student will be awarded the “Fundamentals of Foreign Trade” certification.

If a learner chooses not to take up the examination, they will still get a 'Participation Certificate'

Faculty Profiles
Frequently Asked Questions