Fundamentals of International Management

Fundamentals
of
International Management
Indian Institute of Foreign Trade, Delhi / Kolkata
EPGDIB: 2019-20
Course: Fundamentals of International Management
Course Coordinator: Dr. Prateek Maheshwari
Email: [email protected]
Term-I Course Credit:02
Course Description:
It’s an era of globalization which has poised many challenges to government, institutions and
business entities. Companies are facing cut throat competition, uncertainties and dynamism in
business environment. Increasing workforce diversity and cross-cultural issues are throwing
new challenges to modern day managers. Achieving maximum output with the use of
minimum inputs is the focus of each of the organization. In order to achieve operational
efficiencies and greater productivity, an organization’s management need to evolve and adapt
itself constantly to achieve the desired results.
In this light, the Fundamentals of International Management is an introductory course

describing the role of a modern-day manager. It introduces to the basic concepts of
management and managerial functions which will to equip budding managers to face the
challenges of modern business scenario. The course is expected to strengthen conceptual
clarity and application of management knowledge in a more appropriate manner.
Course Objectives:
• Understanding fundamentals of management, managerial roles and skills in a global

business scenario
• Knowing the managerial functions viz. planning, organizing, directing, coordinating and
controlling
• Understanding rational decision-making process and cross-cultural issues in international
management context
• Understanding role of technology and increasing work force diversity in global business
environment context
• Understanding group dynamics while working in teams through group projects, in-class
activities and case analysis
Pedagogy:
A variety of methods to be used such as lectures, discussions, in-class activities, case studies,
assignments and in-class presentations to achieve course objectives. Students’ proactive
attitude towards learning is highly appreciated.
Learning Outcomes:
• LO - 1: Decision Making in an International Context
Understanding of several political/social/cultural/economic/technological factors in an

international environment which can impact business decisions
• LO - 2: Developing analytical and critical thinking
Ability to apply appropriate theories, models, tools and techniques to critically analyze
issues in an international business setting.
• LO - 3: Managing complex, dynamic and uncertain business situations
Ability to take strategic decisions which will lead to attainment of business goals
Evaluation Components:
• Quizzes – 2 15% + 15%
• Assignment/In-class Activities 10%
• Project Presentation/Submission 20%
• End Term Exam 40%
Linkages with Other Courses:

Being a basic course, Fundamentals of International Management provides foundation for all
the other courses.
Suggested Text Readings:

• Essentials of Management: An International, Innovation, and Leadership
Perspective Kindle Edition, by Harold Koontz (Author), Heinz Weihrich (Author)
• MANAGEMENT: A GLOBAL & ENTREPRENEURIAL PERSPECTIVE
Paperback, by Heinz Weihrich (Author), Mark Cannice (Author), Harold Koontz
(Author)
Session Plan:
Session Topics and Sub-topics Readings/Activities
Introduction to International Management

• Understanding management, Why international
management, Reason for going international
• Challenges of global management Case Study:
1-2
• Assessing business environment, VUCA Sarvodaya Samiti
• Role of culture and cross-cultural issues
• Best management practices followed by
companies across the globe
Planning and Decision Making

In – class activity: I
• Planning, Types of plans, The planning process
3-4 • Strategic planning and decision making
Short Cases
• Types of decisions, The decision - making (Decision Making)
process
Organizing, Formulating and Implementing Strategy

• Organizational design, Elements of
organizational design In – class activity:
• International organizational structures II and III
5-6
• International entry mode decisions
Case Study:
• Strategic Alliances, M & A etc.
Dr. Reddy’s Lab (DRL)
• Centralization vs. Decentralization
• Defining strategy, Levels of strategies etc.
Motivating, Leading an Change Management

• Motivation and Leadership; An Overview Case Study:
7-8 • Relevance of Motivation and Leadership AW Ltd.:
• Change and Resistance to change Managing Change
• Managing Change
International Control and Contemporary Issues in

Management
• Types of control, Controlling tools, Process Case Study:
9-10
• Feed forward, concurrent and feedback control Mumbai’s Dabbawalas
• Role of information systems in control
• TQM, MBO, 5S, Six Sigma, Kaizen, ISO etc.
End Term Project Presentation/Submission:
Make a group of 3-5 students, select a company of your choice (preferably one in which you are
working). Identify several activities carried out at the organization and categorize them among
5 managerial functions.
As a manager, suggest some changes which you would like to incorporate for the betterment of
your work place.

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Fundamentals

In this light, the Fundamentals of International Management is an introductory course

• Understanding fundamentals of management, managerial roles and skills in a global

Understanding of several political/social/cultural/economic/technological factors in an

• LO - 2: Developing analytical and critical thinking

• LO - 3: Managing complex, dynamic and uncertain business situations

Linkages with Other Courses:

Suggested Text Readings:

Introduction to International Management

Planning and Decision Making

Organizing, Formulating and Implementing Strategy

Motivating, Leading an Change Management

International Control and Contemporary Issues in

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