We believe the single greatest risk of doing business in India is its bureaucracy. The Indian bureaucracy is often referred to as "babudom." An Indian bureaucrat is often referred to as a "babu." Today‚ babu may also mean "Sir" or "Mr." The babudom was formed after India gained independence from Britain. It employs many more people than necessary and it is highly unproductive. Each geographic region of the babudom requires specific government permissions and taxes. Making progress in the babudom
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Doing Business in Colombia | Colombian Social and Business Culture A Colombian Culture Overview Fact File o o o o o o o Official name – Republic of Colombia Population – 45‚644‚023* Official Languages – Spanish Currency – Colombian peso (COP) Capital city – Bogotá GDP – purchasing power parity $399.4 billion* GDP Per Capita – purchasing power parity $8‚900 * Overview Colombia is a country with a unique culture influenced by a fusion of its indigenous Indian‚ Spanish and African
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Doing Business in Bangladesh Doing Business in Bangladesh Howladar Yunus & Co. Chartered Accountants February 2012 Howladar Yunus & Co. Chartered Accountants Page Chapter Contents 3 3 4 7 18 21 27 30 32 33 37 38 39 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 10.0 11.0 - Disclaimer Introduction The Country Forms and Business Enterprises Direct Taxation Exchange Control Other Forms of Taxation Labour Relations and Social Security Grants and Incentives Quality of Life Appendix – A : Rates
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should communicate with the Indonesians and what they should look into before approaching a foreign business. There are a few important factors discussed in this paper and they are the cultures‚ ethnicity‚ language‚ business etiquettes such as clothing‚ gestures‚ age‚ and date format. These factors should be looked at closely in order to have a successful business in Indonesia. To start a business in a foreign country‚ it is crucial to understand the culture‚ social‚ customs and language of the
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Doing Business In Russia 1 Doing Business In Russia Hofstede’s Dimensions Study Naumov & Puffer (2000) Bollinger (1994) 92 26 76 Geert Hofstede (1980) 90 50 95 10 Uncertainty Avoidance Individualism/ Collectivism Power Distance Long-term Orientation Masculinity/ Feminity 68 41 40 59 55 28 40 Uncertainty Avoidance Index (UAI) Empirical studies of Naumov and Puffer (68 points) as well as Bollinger (92 points) show that Russia is high on uncertainty avoidance. High
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Shamsul Baharin Saihani‚ Lecturer of International Management. Table of Contents Title | Page Number | Introduction | 3 – 4 | Economic Issues | 5 – 6 | Political Issues | 7 | Cultural Issues | 8 – 9 | Negotiation Process | 10 | Business Ethics | 11 – 12 | Conclusion | 13 | Introduction China is an evolving economy that offers lot of market prospects for foreign venture. It is an independent country located in East Asia. Currently China is the world’s most populous country
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Doing Business in Brazil | Brazilian Social and Business Culture A Brazilian Culture Overview Fact File o Official name – Federative Republic of Brazil o Population – 198‚739‚269* o Official Language – Portuguese o Currency – Brazilian real (BRL) o Capital city – Brasilia o GDP – purchasing power parity $1.99 trillion* o GDP Per Capita – purchasing power parity $10‚100* Overview Brazil is a country greatly shaped by its diverse culture and geography. The largest country in South America
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customers into their marketing strategy‚ making sustainability and philanthropy inherent in their business‚ such is the case of NAU Inc. NAU‚ a design company‚ smashes the stereotype by conducting an interaction with customer‚ promising spare 5% of sales to solve crucial environmental and humanitarian problems. Which area the 5% will go is totally indicated by customers Ostensibly‚ NAU is doing a selfless thing. However‚ when putting it into practice‚ customers’ preference may be so various
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Apart from these languages there are innumerable dialects specific to each ethnic group. Different states in India each have different official languages. Central government only recognises Hindi as the official language of India. However‚ when doing business in India‚ English is the language of international commerce. Many Indians bob their heads up and down when affirming something and from side-to-side when conveying a ’No’. Then‚ again‚ silence can express a ’Yes’ or a ’No’. In addition to listening
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Doing business in Malaysia Contents Foreword 5 Chapter 1 - Introduction 6 • • • • • • • • • • • • • Geography & population Advantages of investing in Malaysia Language Political environment Economy Major exports and imports Import controls Regulatory environment Financial services Currency denomination Exchange controls Government policy on foreign investment Communications Chapter 2 - Intellectual property protection • • • • • Patents Trade
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