In today’s world, globalisation plays a more and more important role. The idea of the “global village” is becoming reality and business is done not only regional but over the whole world. A European enterprise for example nowadays usually does not only have business partnerships in Europe but also in America or Asia, depending on the branch of their business. In this world of doing business with any kinds of nations and cultures knowledge about the culture and business habits is a “must-have”. In my essay, I would like to introduce India as a country with a culture which is thousands of years old and also the most important facts about Indian business behaviour in general, in meetings and in negotiations.
Before starting with the business culture it is essential to know some general facts about India, its culture and its economy.
First of all, India is one of the oldest cultures in the world. Its cultural heritage which dates back at least 5,000 years is still influencing the life and habits of Indian people. This is why the understanding of the cultural traditions is essential for a successful business partnership. Geographically, India is surrounded by the Indian Ocean in the south, east and west, while its geographical northern border would be the Himalayan Mountains.
As the ancient streams of the Indian culture influence today’s habits a lot, knowledge about the key concepts and values is essential. There are three mains concepts which are Hinduism and the traditional caste system, Fatalism and Collectivism.
... middle of paper ...
...usal or criticism is also considered to be rude. Instead of a direct “no” it is appropriate to communicate in a more indirect way and show no bad feelings. To sum it up, aggression should never occur in negotiations.
Last but not least, the final decision will be made by the highest-ranking business executives. Therefore it is very important to build up and maintain a particularly strong relationship to these senior persons.
After a successful negotiation there will be a celebration dinner.
With the knowledge of traditional Indian culture and religion and in addition to this the most important information about Indian business culture, most problems and barriers of a intercultural partnership should be easy to overcome.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Speak the Language: A Global Analysis "Globalization and immigration have transformed today's business world. Many organizations are looking for solutions to improve communication between the established corporate culture and the new multicultural workforce" (Cross Cultural Consulting and Training, para. 1). Since its beginnings in 1986, Speak the Language focused mainly on foreign companies operating in the United States. Since then the company has seen a sore need for language and culture assimilation services outside the U.S.... [tags: India Business Analysis Culture]
1638 words (4.7 pages)
- There are a few things that should be known about India before business is conducted there. The social and cultural standards are one thing that’s different. There are also differences in the political and legal systems, economical systems, and managerial systems. Some of the differences are obvious, while others are qualities that a representative or individual should be aware of before conducting business in the area. Social-Cultural In India, the polite culture makes it nearly impossible for individuals to say ‘no’.... [tags: Society, Culture, Politics, Economy]
881 words (2.5 pages)
- In international business the differences in culture matters. For instances, McDonald has several restaurants around the globe. The restaurant chain, literally can write a book about, how to do business in overseas countries. In the late 90s, McDonald, has decided to open some of their restaurant in India, even though India is a poor country, however, it has a flourishing middle class, of 200 million. The possibility of getting into this new customers arena was enough for the chain to go for India.... [tags: McDonald'sin India]
712 words (2 pages)
- INTRODUCTION When determining if a foreign country is a good market to expand into, many factors will help choose which market is best. These factors include Culture, Politics and Law, the Current National Economy, Market Size and Demand, Human Resources, and Financial Resources and Profitability. The factors listed above are not all-inclusive, but give a well-defined checklist to compare other markets. These factors will be discussed and prove that India is a great market to expand into for Business Processing Outsourcing (BPO) services.... [tags: India]
863 words (2.5 pages)
- Conducting Business in India According to the CIA World Fact Book and the World Bank, India’s trillion-dollar economy has been ranked fourth worldwide and is the second most populated country in the world (n.d.). These statistics provide adequate indicators to corporations and aspiring entrepreneurs that India has potential within the world market. Since the reforms of the 1990s, India has embraced the concept of globalization and the open-market. GlobalEDGE (n.d.) identified these reforms to include “increasingly liberal foreign investment and exchange regimes, industrial decontrol, deductions in tariffs and other trade barriers, opening and modernization of the financial sector, significa... [tags: International Business ]
1639 words (4.7 pages)
- McDonald’s in India In America, we consider McDonald’s to be a beef serving, sometimes fatty fast food restaurant, but after a 6 year business plan to sway the Indian population, McDonald’s has transformed. If they can continue this growth in India, and all over the world, globalization will start to love McDonald’s even more. They seemed to have hit the right points, from playing it safe, investing their time doing marketing research, to find the best places to put a restaurant and finding out what it is that people in India like to eat.... [tags: International Busines Culture India Mcdonalds]
1814 words (5.2 pages)
- What may be seen as a result of a surplus of labor by an economist, has ultimately led to an epidemic. India's population, estimated to be 1.35 billion, suffers extensive poverty as more than thirty seven percent of its population lives below the poverty line. (Economy Watch) This surplus of labor has driven the price of labor in India to incredibly low amounts, hence the outsourcing which has become rampant. Low labor prices compounded with exclusion due to the caste system and high dependency on agriculture all have amplified the poverty which in turn, has given rise to the largest population—2.3 million--within the borders of a nation to be infected with HIV/AIDS.... [tags: AIDS India Health]
1967 words (5.6 pages)
- Organsations need to be sensitive to the need for change in order to survive in today’s highly competitive and dynamic business environment. Present and future Needs in and outside an Organizations are changing everyday, the organisation needs to be equiped with a clear and deep understanding of them and simultaneously respond to them on a priority basis. Indian organizations are operating in a highly volatile political and economic environment so even they are facing the same challenge. For decades, the Indian organizations have been less systems-driven and more people and relationship-oriented.... [tags: Business India Analysis]
1048 words (3 pages)
- Cultural Impact of Hinduism in India Huge population, pollution, peace, snakes, saris, dance, curry, and religion are probably the most popular words that come up when we think about India. India is a well-known country. Although it is a relatively poor country, it has a rich and diverse culture. India is populated by approximately 953 million people. It has been a home for many religions, including Hinduism, Buddhism, Sikhism, Jainism, Islam and Christianity. The first four mentioned above originated in India (Finegan 151).... [tags: Cause Effect India Essays]
1266 words (3.6 pages)
- India is likely to overtake China very soon, this is what the two authors of „Riding the Indian Tiger – Understanding India, the World’s Fastest Growing Market” state. The authors who wrote this book together know a lot about doing business in India from their experience. William Nobrega is president and founder of The Conrad Group, LLC, a consulting firm specializing in emerging market strategic planning, advisory services for institutional investor groups, and mergers and acquisitions. Ashish Sinha is the COO of RocSearch, a UK-based research and analytics offshoring firm.... [tags: India China Economics GDP]
1034 words (3 pages)