International Business Pre Course Assignment
Q) Select a country of interest to you and examine the culture of that country and discuss and analyses the implications for international mangers of doing business in that culture.
India is rapidly changing and growing country that recognized as the world’s largest potential market for goods and services. Over the last few decades India has largely been viewed as one of the best outsourcing destination in the world. Where most of the organizations and companies from many countries are looking forward to do businesses in India. And try to reduce their cost through transferring work to a country like India with a large number of graduates who can manage English but whose salary demands were considerably lower than to the other parts of the world. This approach of Indians is help to get the most of the company’s and organization’s attraction toward India in world businesses.
India represents as huge business opportunity, but it also undoubtedly presents as one of the most dangerous country to invest and has significant barriers to entry. Whilst Indian government is looking to open up the country to foreign investment, many sectors remain closed and there is considerable internal pressure to keep these entry barriers strong. Except the political, cultural and bureaucratic barriers, India is definitely open for business and those companies and organizations who interested in Indian market. If someone approach the Indian market with the right mindset, goals and having done the required amount of needs can be extremely successful and secure a bright future business world.
One of the biggest barrier to overcome when entering the Indian market or doing business with India is definitely the cultural differences that international companies will undoubtedly face. Indians do things differently in India. Indian business culture and its products influence of Hinduism, Islam and many more religious believers and views thousands of years. And as well as more recent Western
India is rapidly changing and growing country that recognized as the world’s largest potential market for goods and services. Over the last few decades India has largely been viewed as one of the best outsourcing destination in the world. Where most of the organizations and companies from many countries are looking forward to do businesses in India. And try to reduce their cost through transferring work to a country like India with a large number of graduates who can manage English but whose salary demands were considerably lower than to the other parts of the world. This approach of Indians is help to get the most of the company’s and organization’s attraction toward India in world businesses.
India represents as huge business opportunity, but it also undoubtedly presents as one of the most dangerous country to invest and has significant barriers to entry. Whilst Indian government is looking to open up the country to foreign investment, many sectors remain closed and there is considerable internal pressure to keep these entry barriers strong. Except the political, cultural and bureaucratic barriers, India is definitely open for business and those companies and organizations who interested in Indian market. If someone approach the Indian market with the right mindset, goals and having done the required amount of needs can be extremely successful and secure a bright future business world.
One of the biggest barrier to overcome when entering the Indian market or doing business with India is definitely the cultural differences that international companies will undoubtedly face. Indians do things differently in India. Indian business culture and its products influence of Hinduism, Islam and many more religious believers and views thousands of years. And as well as more recent Western