Sri Lanka Culture Change to Attract Fdi
Should Sri Lanka Business Culture be Changed to Attract Foreign Investments, to Produce Goods and Services to the Global Market
By
Fathima Shamila Suhaib
MBA UWIC – at ICBT Mount Campus
Batch No. 6
Student Number - 67
Introduction
After worn out by the War for almost 30 years Sri Lanka is now rising high, like a Phoenix raising its wings of beauty. For many Global Business Giants this is very promising, many would see this as a Cinderalla Story “hidden in the kitchen now shining like a Princess…..”
However Sri Lanka on its developing journey has planned many a routes to shine on the World Map, to attract foreign interest and investment and though the pearl of the Indian Ocean to shine like a new found star.
On this context we would discuss how Sri Lanka should attract FDI to the country and should the Sri Lankan business culture be changed in order to attract Foreign Investments and Produce Goods and Services to the Global Market.
Sri Lankan Culture
Sri Lanka with its strong values, beliefs and rich heritage webbed around it has cultivated a strong rich culture and the Sri Lankan Business Culture though varies from organization to organization and industry to industry stems and thrives on this.
To most, culture simply means “when, why and how we do things around here ….” And to many even a slight change in this will be seen as a threat to resist as they fear failure and not seen as an opportunity to move forward and succeed. Many just prefer to be stuck in their own “comfort zones” and they don’t realize the things they miss out and that the race is on.
In order to come to a conclusion should the culture be changed, first we have to identify if with the present culture will we be able to achieve the purpose. As in many cases when the “matter in hand” is seen or shown larger than life the changes or adaptation follow on its course.
For this we have to first identify the current position of FDI in Sri Lanka with the prevailing culture.
By
Fathima Shamila Suhaib
MBA UWIC – at ICBT Mount Campus
Batch No. 6
Student Number - 67
Introduction
After worn out by the War for almost 30 years Sri Lanka is now rising high, like a Phoenix raising its wings of beauty. For many Global Business Giants this is very promising, many would see this as a Cinderalla Story “hidden in the kitchen now shining like a Princess…..”
However Sri Lanka on its developing journey has planned many a routes to shine on the World Map, to attract foreign interest and investment and though the pearl of the Indian Ocean to shine like a new found star.
On this context we would discuss how Sri Lanka should attract FDI to the country and should the Sri Lankan business culture be changed in order to attract Foreign Investments and Produce Goods and Services to the Global Market.
Sri Lankan Culture
Sri Lanka with its strong values, beliefs and rich heritage webbed around it has cultivated a strong rich culture and the Sri Lankan Business Culture though varies from organization to organization and industry to industry stems and thrives on this.
To most, culture simply means “when, why and how we do things around here ….” And to many even a slight change in this will be seen as a threat to resist as they fear failure and not seen as an opportunity to move forward and succeed. Many just prefer to be stuck in their own “comfort zones” and they don’t realize the things they miss out and that the race is on.
In order to come to a conclusion should the culture be changed, first we have to identify if with the present culture will we be able to achieve the purpose. As in many cases when the “matter in hand” is seen or shown larger than life the changes or adaptation follow on its course.
For this we have to first identify the current position of FDI in Sri Lanka with the prevailing culture.