Description

Unit 1 Industry 4.0 and Digital Transformation
Meaning and Nature of Industry 4.0 and Latest Trends. Realignment in Political, Economic,
Socio-Cultural, Technological Factors that are driving change in International Business
Management, the changing nature of Globalization, The changing nature of the regulatory
environment, the natural environment, and new age ethics. Overview of Digital Transformation.

Unit 2 Emerging Technologies as Drivers of Global Business
Artificial Intelligence- Machine Learning, Deep Learning Singularity – Time Lines and
Implication. Augmented Reality, Virtual Reality, and Mixed Reality and Applications. Blockchain – Concepts and Industrial Applications, Challenges in Adopting Blockchain. Additive
Manufacturing: Advantages and Disadvantages, new applications of additive manufacturing,
the impact of additive manufacturing on supply chain management, mass customization, and the
customer experience. Introduction of Neuroscience in Business. Internet of Things (IoT).

Unit 3 New Age Economies
Circular Economy- The concept of Circular Economy, the difference between Linear and Circular
Economy, Role of Circular Economy in Sustainable Business and Innovation. Behavioral
Economics- Core Concepts of Behavioral Economics, Nudging and Choice Architecture, Ethical
Concerns of Behavioral Economics. Economic Nationalism -Nature of Economic Nationalism,
Contemporary Cases in Economic Nationalism, Future of Economic Integration. Sharing
Economy – New Business Models, Characteristics, Difference Between Platforms and
Traditional Business Models, Different Types of Platforms, implications on future of work.

Unit 4 Changing Natures of Global Politics
Identity Politics – Issues & Challenges, The Rise of Authoritarianism and what that means for
geopolitics, Reviving Democratic Ideals, The Rise of China, and its impact on global trade.

Unit 5 Social, Cultural, and Global Challenges
Diversity of different generations in the workplace, issue of inter-generational equity.
Migration – Political, Economic and Human Rights Perspective, the Migrant Crisis in the EU.
Climate Change – Political Dimensions of Climate Change, Plight and Issue of Climate
Refugees, Sustainable Development Goals.
Rising Inequality: Historical Context of Inequality and Social Unrest, Global Inequality, Social
and Economic Reforms. Privacy in the Digital World – Complexity of Privacy Issues, Basics
of GDPR (General Data Protection Regulation), Importance of Personal Data, Existential
Threats – Five Types of Risks Associated with AI, Need for New Age Ethics.