Evolution of Traditional Indian Business
Evolution of Traditional Indian Business:
Challenges and Strategies to Commercial Success.
dissecting the traditional Singapore Indian business: roles and functions (239)
Traditional Indian businesses; small-scale and family controlled firms employ distinct socio-economic characteristics that exploit functional family role-relationships and allegiances to ensure efficient implementation of business decisions. These firms utilize a mixture of informal and conventional management styles to complement paternalistic and nepotic practises; thereby allowing family members strategic control of key managerial positions. [1]
Although traditional Indian enterprises have played a major role in Singapore’s economic growth and commercial economy, I will establish these enterprises as being fundamentally immature and inappropriate for modern economic growth without the evolution and adaptation process coupled with the strong foundation and base priorities of these firms; the joint ownership, personal stakes involved in its success and acceptance of patriarchal decisions that puts them in an excellent position to achieve commercial success. [2]
My essay will highlight the challenges faced by the Chettiar community as a reflection of the tough socio-economic climate faced by traditional Indian businesses in Singapore and the decline of Chettiar money-lending to show the need for the evolution of traditional Indian businesses to remain economically relevant.
My essay will also compare some of the expansionary strategies implemented by Indian enterprises to adapt, evolve and ultimately ensure the survival and continued success of the traditional Indian firm in Singapore. I will proceed to evaluate the impact of these strategies on the contrasting fortunes of Mustaq Ahmad and P Govindasamy Pillai as a reflection of the challenges and strategies to commercial success.
the challenges faced: decline of money-lending and the Chettiars (311)
Since their advent in the
Challenges and Strategies to Commercial Success.
dissecting the traditional Singapore Indian business: roles and functions (239)
Traditional Indian businesses; small-scale and family controlled firms employ distinct socio-economic characteristics that exploit functional family role-relationships and allegiances to ensure efficient implementation of business decisions. These firms utilize a mixture of informal and conventional management styles to complement paternalistic and nepotic practises; thereby allowing family members strategic control of key managerial positions. [1]
Although traditional Indian enterprises have played a major role in Singapore’s economic growth and commercial economy, I will establish these enterprises as being fundamentally immature and inappropriate for modern economic growth without the evolution and adaptation process coupled with the strong foundation and base priorities of these firms; the joint ownership, personal stakes involved in its success and acceptance of patriarchal decisions that puts them in an excellent position to achieve commercial success. [2]
My essay will highlight the challenges faced by the Chettiar community as a reflection of the tough socio-economic climate faced by traditional Indian businesses in Singapore and the decline of Chettiar money-lending to show the need for the evolution of traditional Indian businesses to remain economically relevant.
My essay will also compare some of the expansionary strategies implemented by Indian enterprises to adapt, evolve and ultimately ensure the survival and continued success of the traditional Indian firm in Singapore. I will proceed to evaluate the impact of these strategies on the contrasting fortunes of Mustaq Ahmad and P Govindasamy Pillai as a reflection of the challenges and strategies to commercial success.
the challenges faced: decline of money-lending and the Chettiars (311)
Since their advent in the