International Business Management Practices
Date: 10th Feb 2021
Time: 11:00 AM – 12:00 PM
Professor V.R. Ravi Kumar, Editor and Publisher of Agro India Magazine. Heis the president of KARNATAKA MANAGEMENT ASSOCIATION.
His session was on INTERNATIONAL BUSINESS MANAGEMENT AND PRACTICES. He imparted an in-depth knowledge on exports, foreign currency and the problem that our country faces during an export. Export is selling of goods and services beyond geographical boundaries of our country. The population of India makes it a huge market for foreign companies, being the biggest consumer market after China.
He also spoke about foreign currency and foreign exchange rate with an example of US currency in relation to Indian rupees.
International business generates revenue to the country, resulting in easier cash flow management, access to export financing, disposal of surplus goods etc. Strong foreign exchange reserves allow countries to facilitate import and export. It also helps in achieving technical know-how and generating employment.