Fundamentals of Foreign Trade

Content Provider

iNURTURE

Course Level

Beginner

Mode Of Delivery

Self-Paced

Duration

40 hrs

Certification By

iNURTURE

Course Validity

Valid for 6 months post activation

Industry

General Management and Finance
  • 1,800/- 1599/-
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Description

The course consists of the role of environment analysis in international business, significance of PEST (Political, Economic, Social and Technological) 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. 

This course also covers major laws related to foreign trade in India and differentiate between international business and foreign trade and the internationalization process.



Learning Outcomes:





By the end of this course, you will be able to:




  • 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



 


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.


Key Features


  • 5 Self Learning Modules and 5 PPTs

  • 5 Practice Quizzes 


Career Opportunities


  • 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'.




Who Should Attend


  • Bachelor of Business Administration

  • Bachelor of Commerce

  • Master of Business Administration


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