Business in India

881 Words2 Pages
bulb-icon

Recommended: Influence of western culture in india

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’. It’s best not to pressure an Indian partner or consumer because it’s rude in the culture to express disapproval but it can be assumed through body language and vaguely detailed responses. When greeting associates and consumers, greet the eldest or most senior first, since it is as hierarchical culture. It is also custom to shake hands with all members of the group when bidding farewell. Women are allowed to shake hands with women and men are allowed to shake hands with men but it depends on religious standpoints and beliefs as to whether a mixed gender couple could shake hands, so it is best to wait for the other part to extend a hand. Giving gifts is a good idea in this culture but it is best to not give things like frangipani or white flowers because they are used at funerals. A gift from a man should also be given from a female relative. Muslims and Hindus also have restrictions on gifts such has leather, pigskin, and alcohol. When dining, it is a good idea to take shoes off before entering a home and politely turn down the first offer of beverages and snacks because that is protocol. Visitors should wait to be seated and it is normal to eat with fingers. One should also always use the right hand to eat, uten...

... middle of paper ...

...le.

Works Cited

Dayanand, N. (n.d.). Retrieved from http://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=1001&context=lps_lsapr
Indian management style. (2012). Retrieved from http://worldbusinessculture.com/Indian-Business-Communication-Style.html
Jaspal, S. (2011, September 04). [Web log message]. Retrieved from http://soniajaspal.wordpress.com/2011/09/04/risks-of-doing-business-in-india/
Neil, P. (n.d.). Retrieved from http://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html
Political structure. Retrieved from http://library.thinkquest.org/11372/data/POLITICS.HTM
PTI. (2013, October 12). [Web log message]. Retrieved from http://economictimes.indiatimes.com/news/economy/finance/indian-economy-likely-to-recover-by-next-year-imf/articleshow/23989346.cms
Virmani, B. R. (n.d.). Retrieved from http://www.indianmanagement.org/

Show More
Related

  • Analysis of the Mission and Vision Statements of JPMorgan Chase

    2211 Words  | 5 Pages

    middle of paper ... ... a. The adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the ad About us. Retrieved from https://www.jpmorgan.com/pages/jpmorgan/about Stead, W. E., Worrell, D. L., & Stead, J. G. (1990).

    Read More

  • Keeping Recess in Schools

    1420 Words  | 3 Pages

    of India. n.p. May 2006. Web. The Web.

    Read More

  • Case Study Silvio Napoli At Schindler India

    1192 Words  | 3 Pages

    The Harvard Business School case study Silvio Napoli at Schindler India summarizes the various problems and issues facing Schindler India regarding its entrance into the new foreign market, India. Schindler Holdings Ltd. is a Swiss-based manufacturer of escalators and elevators which is looking for potentially entering into the Indian elevator market. Main executive committee members predicted that the Indian industry showed great promise in terms of future growth potential. The company’s objective was to manufacture standardized elevators at a cost lower than current customized elevator market. Silvio Napoli, who is vice president of Schindler in Asia, was chosen to lead the new entry into India. To successfully enter and penetrate the Indian market, Silvio and company needed to consider a variety of factors like but not limited to: mode of entry and type of strategy to implement, organizational structure, outsourcing and logistics approaches, marketing, and domestic and global hiring procedures.

    Read More

  • Indialantic Research Paper

    804 Words  | 2 Pages

    The beach at Indialantic is an exquisite location like no other. The beach is part of a small town that is surrounded by several hubs of activity. That is partly what makes this area so special. It is a small, sleepy hamlet that is a hidden gem among the hustle and bustle of busy tourist locations. If you are looking for a beach where you can get away from it all, the beach at Indialantic could be the perfect place for you.

    Read More

  • Fukuyama's The End of History

    1898 Words  | 4 Pages

    The adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage The World Bank. Retrieved February 10, 2014, from http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG/countries?display=graph World Death Rate. a. The adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage of the adage Historical Data Graphs per Year. Retrieved February 22, 2014, from http://www.indexmundi.com/g/g.aspx?v=26&c=xx&l=en.

    Read More

  • Arranging A Marriage In India By Serena Nanda

    1089 Words  | 3 Pages

    “Arranging a Marriage in India” by Serena Nanda is a well written, informative article aimed at sharing the view of the Indian culture on arranged marriages and also showing how much effort is put into the process of arranging a marriage. Our own culture has evolved into accepting the fact that we are all independent individuals who could not imagine having someone else make such a significant decision for us. Serena Nanda does an excellent job of using her sources within the society as evidence of the acceptance of the arranged marriage aspect of their culture.

    Read More

  • Business Environment - China Vs India

    1544 Words  | 4 Pages

    In the year 2007, China and India ranked first and second respectively in the list of ideal foreign direct investment (FDI) destinations, according to A T Kearney, a global strategic management consulting firm (The Press Trust of India Limited, 2007a). The two nations, because of their similarities in geopolitical, economic and demographic aspects, are often compared with each other. To determine which one is more attractive for businesses to expand to, this essay will examine the business environment of both countries from the following perspectives: political/legal, economic, socio-cultural and technological.

    Read More

  • Business Practices and Social Customs in Russia

    1000 Words  | 2 Pages

    Upon first greeting, you will always shake their hand (shake with right hand and put your left hand on forearm to show respect for guests and elders) and introduce yourself. You always call the other person by their full name (first name, patronymic, and last name). Until you establish a personal relationship with the person, you will keep your distance (similar to the U.S.) and avoid any touching besides the handshake. Also, you never sit first, but always wait for the person to offer you a seat (Greg Morrissette, personal interview, April 15, 2014).

    Read More

  • Overview Of The East India Company

    2318 Words  | 5 Pages

    All great empires start with a seed, a seed that then turns an empty field into an oasis of life. That seed was the East India Company and from that seed, the East India Company transformed England into what it is most famous for today, a vast empire that ruled the majority of Eurasia. The East India Company started out by looking for a means to new trade and connecting to untouched and unknown places. It can be said that the trade routes and posts that were established in India were the true beginning of the empire. After trade had evolved and became more and more popular amongst European superpowers, the competition increased. The Company stood its ground and instead of only keeping away the competition, The East India Company made alliances with the rivals to strengthen their roots. To defend their newly gained property and its people, they generated armies that had the advanced weaponry and skill of the British Empire. Through alliances, the utilization of armies, and the domination of world trade, the East India Company produced a foundation for the British Empire.

    Read More

  • PEST Analysis of Indian Consumer Goods Retailing Market

    1319 Words  | 3 Pages

    Subramanian, Arvind. India’s Economy is stumbling? The New York Times. August 31, 2013: A19. Print.

    Read More

  • Importance of Cultural Differences in International Business

    1761 Words  | 4 Pages

    Our economic development will forever be defined as our ability to succeed internationally. PwC forecasts India’s real annual GDP growth until 2050 at 8.9 percent, Vietnam’s at 8.8 percent, and China’s at 5.9 percent. The list of fast-growing emerging markets goes on and on. The U.S. forecast is a meager 2.4 percent, comparable with most Western economies. The domestic companies that are likely to see incremental growth in the coming decades are those that are not only doing business internationally, but that are developing the strategic skill set to master doing business across cultures. Cross-cultural core competence is at the crux of today’s sustainable competitive advantage. For example, political environment will tell us, as to how and why political leaders control, whether and how of international business. Legal environment, both national and international will tell us about many kinds of laws by which business firms must work. The cultural environment will tell us about attitudes, beliefs and opinions important to business people. Economic environment will tell us about the economic system being followed by the host country, which may or may not be different from home country. It will also explain the variables such as level of development, human resources, Gross Domestic Per Capita and consumption patterns that determine a firm’s ability to do business. Geography will tell us about location, quantity, and quality of the world’s resources.

    Read More

  • Cultural Differences Between Trompenaars And Walmart

    862 Words  | 2 Pages

    To realise the potential of India, MNCs need to show a strong and visible commitment to the country, empower local management and invest in local talent, while delivering the customization that Indian customers require (Choudhary et al 2012). “…The future of many multinationals depends on their ability to succeed in India” (Choudhary et al 2012. No pagination).

    Read More

  • Intercultural Communication: An Eveolving Discipline

    1868 Words  | 4 Pages

    Effective communication with people of difference cultures can be especially challenging. The way people interpret the world can be strikingly different between cultures. Intercultural communication occurs when a member from one culture produces a message that is absorbed by a member of another culture. How that message is understood by the communicating party is a vital part in intercultural communication. For example, in Cambodia it would be considered rude to discuss business in a social setting (Language, culture, customs and etiquette, n.d.). However, in the United States this is a common practice and is almost an encouraged event. Another important factor and consideration in intercultural communication is the importance of understanding cultures, values, history and beliefs. For instance, in Cambodia, if you deliver a present that is wrapped in white paper, this is considered to represent mourning. This is one of the many reasons why it is important to assimilate into a culture and be mindful of communication between cultures (Language, culture, customs and etiquette, n.d.).

    Read More

  • International Business

    1562 Words  | 4 Pages

    International business contains all business transactions private and governmental, sales, investments, logistics, and transportation that happen between two or more regions, nations and countries beyond their political limits. Generally, private companies undertake such transactions for profit governments undertake them for profit and for political reasons. It refers to all those business activities which involve cross border transactions of goods, services, resources between two or more nations. Transaction of economic resources includes capital, skills, and people. for international production of physical goods and services such as finance, banking, insurance, and construction.

    Read More

  • Essay On Indian Wedding

    1265 Words  | 3 Pages

    Almost every culture around the world have the idea of bringing together households in marriage. In the United States, this a coupling of two people who will start a life on their own. In India, a marriage is more than two people falling and love and getting married. Family, religion and casts play a role for the future bride and groom. The Indian culture’s weddings have different traditions when it comes to proposals, ring traditions and ceremonies not only for the couple but for the families as well.

    Read More

More about Business in India

Open Document