India – A Cultural Profile for Business by Brian Moore MBAA 604 International Management and Aviation Policy Embry-Riddle Aeronautical University Daytona Beach, Florida March 6, 2011 Table of Contents ABSTRACT 3 INTRODUCTION 4 DISCUSSION 5 Country Background 5 Business Culture 7 Comparison to American Business Culture 12 Tips for Conducting Business with Indians 15 CONCLUSION 16 REFERENCES 17
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Power Distance Index (PDI) This refers to the degree of inequality that exists – and is accepted – between people with and without power. A high PDI score indicates that a society accepts an unequal, hierarchical distribution of power, and that people understand "their place" in the system. A low PDI score means that power is shared and is widely dispersed, and that society members do not accept situations where power is distributed unequally. Application: According to the model, in a high PDI
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Jinying Wang, 2010). Geert Hofstede, a Dutch social psychologist and professor emeritus of organization anthropology and international management is one of the pioneer in this study area and published in 1980 a book titled “Culture's Consequences: International Differences in Work-Related Values “ and introduced the first four dimensions of national culture (Geert Hofstede, website, 2014) after a six years study realized among IBM corporation’s employees. The Professor Hofstede, analyzed “how values
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International Business Business Customs Paper County: Brazil When conducting business in Brazil, there is a lot to know about how this country interprets gestures, how they perceive Americans and the best ways to conduct business that will impress them. There are some formalities and policies we may not be aware of in the US. They are important to know in order to conduct successful business in Brazil. Relationship building is key, along with formal attitude and attire and always showing professionalism
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Cultural Differences Hofstede (1984) have determined that Korea's culture is one of the most dissimilar cultures from that of the U.S. According to Hofstede, Korea can be characterized as follows: large power distance, authoritarian, collectivistic, and strong uncertainty avoidance. The U.S. is, basically, at opposite ends of the continuums associated with each of these characteristics. The U.S. has low power distance, is more participatory, is individualistic, and has low uncertainty avoidance
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India, considered one of the biggest emerging markets in the world, is a country located in southern Asia with a population of over a billion people and its capital city being New Delhi (http://www.kwintessential.co.uk/resources/global-etiquette/india-country-profile.html.) The current leadership in India is implementing extensive changes to encourage international business in India, from privatization to the liberalization of trade (http://www.cyborlink.com/besite/india.html). India has more than
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different value system. With the changes in business to a global market place, it has become more important than ever to understand the changes in negotiations between cultures. The differences in culture break down to five main areas described by Hofstede. These areas are Power distance, individualism, Masculinity, Uncertainty avoidance index and long term Orientation. I found that while there are some similarities, there are areas of great difference between the two cultures. Many of the manners
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IKEA in India: An Opportunity for Success James Baskerville, Irina Damianoff, Jacquelynn Mantel, and Teressa Paulus Indiana Wesleyan University Assignment ADM510 Team Project Paper Team Project Paper Rubric: The Team Project report was graded according to the rubric below |Criteria |Points Possible |Point Achieved | |Spelling, grammar and mechanics - Excellent
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INB400 – International Organization and Management Term paper Wal-Mart’s culturally and institutionally flawed entry into the German retail market Joakim Holsten Leren s105710 Julianne Øien s106222 Mirko Wichmann s145433 Lara-Caterina Buggert s145400 Eloise De Bont s145611 22 pages Table of Contents Introduction 2 Case presentation 2 The Wal-Mart concept 3 Institutional challenges [to be deleted] 4 Cultural challenges [to be deleted] 4 German market 5 Theoretical
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“Geert Hotstede (www.geert-hofstede.com) has identified National Cultures in 5 Dimensions. What are each of these cultural dimensions? Compare and contrast each of these dimensions between Malaysia and a chosen Western country of your choice. Critically, discuss the implication for each pair of comparison in the sequence of 5 main national cultures. Answer Hofstede’s research, which was conducted prior to the GLOBE project, is based on 116,000 people in 50 countries. Nonetheless, all of the
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