Egt1

On the contrary, collectivist societies value conformity, and are more concerned with the success of the group as a whole (Goncalo & Staw, 2006). One of the key differences between the two is the structure of the family unit and the significance placed on maintaining close family ties. Collectivist societies follow a hierarchical system with the patriarchal figure given ultimate power and respect. The importance of family is not valued as highly in individualist societies. For example, while it would be typical for a family living under one roof to consist of many generations and extended relations in China, it would seem highly unusual if the same was to occur in a country such as the United States of America (USA) (Jyh-Shen Chiou, 2001). This is due to the heavy emphasis placed on collectivism in China. Western countries, including the USA, are traditionally viewed as individualist societies (Cai, Wilson, & Drake, 2000). As there is no clear distinction between the family unit and the individual in collectivist cultures, the reputation of the family name is closely tied to the behaviour of every person. Embarrassing one’s self would be to bring shame to the

Throughout this task I will do my best to explain how firms determined to maximize profit do just that. Specifically I will delineate how such firms choose the optimum level of production or output for the goods they produce and how they behave with respect to various elevations of marginal revenue. In my attempt it will be appropriate for me to clarify the definitions of various economic terms in order to assure a proper understanding of my thoughts on this topic, I will provide these definitions throughout.

India is one country which is developing rapidly at the moment along with China (Lal and Clement, 2005). The political, economic, social, cultural, technological and legal climate in India is extremely suitable for international entrepreneurs since business prospects in a country are heavily dependent on the above mentioned parameters. Since India is the second most heavily populated country in the world, British telecommunication company, Vodafone has enormous business opportunities in India. Mobile phone usage in India is increasing rapidly in recent times (Press Information Bureau: Government of India, 2010). A substantial portion of Indian

The outsourcing of non-core business and services has risen in recent years. The top benefactor of this rise has been India. Corporations have found a profusion of well-trained, English-speaking workers to cram into call centers and customer service jobs. This is even happening in high-skill positions like hospital X-rays technicians also. India is seen as the pioneer in outsourcing jobs

But it is clear that the India’s success came not from home demand but from US demand. Indian engineers have been for years working for US companies, especially in IT sector. With the growth of IT industry, there has been developed a sort of strong “Indian connection” in Silicon Valley. According to Anna Lee Saxenian, an associate professor at the University of California at Berkeley whose research is a study about Silicon Valley’s immigrant, that “of an estimated 2,000 startups in Silicon Valley 40% are Indian-spawned.” [4] The Indian connection in Silicon Valley, the intellectual capital in India and the trend of outsourcing in current global competition altogether bring India a great competitive advantage.

The biggest advantage of spreading the business in India is the population of the country. India has huge population and is enriched with efficient human resources. It is the second largest country in terms of population. Larger population brings in larger customers which mean increased sales. A good labour force and can be

No matter what the age, the gender, or the culture, communication is a large portion of each of our lives. Communication is an ingredient of everyday life and each culture plays a significant role in how one learns to interact with another by means of verbal and nonverbal communication. While shaking someone’s hand might be normal and a gesture of acceptance in American culture, this can be considered a sign of disrespect or even being rude in another. Communication between two people of different cultures can go unpleasantly if one does not gain the knowledge of what is acceptable and not acceptable in the others culture. Learning the do’s and don’ts of cultures different than our own can broaden our relationships and strengthen our ability to communicate amongst those who do not share the same beliefs. Let’s take into consideration the cultural differences of communication between the United States and India. By learning the

“Today, Indian outsourcing is one of the best ways for CIOs to cut application development and maintenance costs, and deal effectively with the peaks and valleys of software demands.” (Yeo). Outsourcing to India is still focused primarily on highly technological aspects, but is not limited there. They are known for creative development in the pharmaceutical field, and have recently developed an unsurpassed medication for adult ADHD. Their superior IT assistance is not limited to companies, they offer many websites for individuals seeking help with programming. In mid 2007, U.S. outsourcing to India reached $4.9 billion. Although technologically advanced, they still lag in economic prosperity and therefore still don’t expect the type of compensation that Americans do. “They

4b.The next article, “Their oyster, with grit included”, discuses cross border deals that India is involved in. Most Indian firms are aspiring to be multinationals, and succeeding. Some of the way these firms are achieving this is through vertical integration, acquisition and using a Greenfield approach. This is successful because Indian workers are already used to a very diverse workforce. Another approach that is gaining success is firms being pocket multinationals meaning that acquire small businesses abroad and use those small businesses to maintain a presence. A benefit of being a pocket multinational is having access to new technology, products and markets but merging to different very cultures of two different firms is always a challenge. Foreign firms in investing in India are not having the easiest time either. Most Indian

Eric Rivers has been a hired by leading firm to offer strategic advice to technology firms in the fast growing Indian market. He also decided to leave his job back in the United States of America (USA) and move to India. He is an experienced manager with management skills and was eager to bring about a change to the Indian developing economy. He had two visions for the industry those were empowerment and a flat hierarchy.

The impact of software development offshore outsourcing has many economic and social impacts. Economically, India is thriving with GDP growth accelerating exponentially including having the potential to achieve double-digit growth.1 Meanwhile, in the United States, the numbers relating to developer jobs are quite the opposite. Most figures suggest that by 2015, roughly 3.3 million business-processing jobs will have moved abroad. As of July 2003, around 400,000 jobs already had.2

India is now becoming a major player in the global stage. This change has given lot of opportunities to our country to grow further but it has also posed lot of challenges in front of us, Indian companies have gained the confidence to acquire foreign giant companies and try to establish themselves competitively against their foreign counterparts. at the same time we have to give emphasis on the various challenges before us like the gap between people in the corporate world and those in the rural areas is becoming serious concern and the wage differentials between blue collared workers and senior managers, the candidates having good education and communication skills getting

India is facing competition from other countries around the world in IT outsourcing. China, Ireland, The Philippines, Malaysia, Vietnam, Poland, and Egypt are just some of the countries that are aggressively looking at IT outsourcing for growth. Over the years, these countries have been developing their country to be able to provide IT outsourcing and lay a strong foundation to sustain this new idea. According to KPMG (2016), some of the investments these countries have done are build a huge market share by delivering a wide-range of services across their products line, insights across industries, investments in industry specific offerings and intellectual property tools/templates and accelerators. KPMG (2016) states that the main reasons

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 with limited local support is a difficult task, especially for a small U.S. firm with limited capital.

For example, the eldest son in a family will not be permitted to talk to his parents or grandparents the same way he talks to his younger siblings. This social hierarchy is apparent in Asian schools where people in younger schools act very polite to their upperclassmen. The Western culture; in contrast to Eastern or Asian culture. The quality of life is strongly valued in western culture where families should be prioritized before work. Western cultures such as the US are much more laid back compared to Eastern cultures regarding human interactions. Western cultures are not as reserved and stand closer together when having conversations. In Western cultures, they consider life as a form of service, whether it is toward your business, family, belief, and so on. In Eastern cultures, life is viewed as a never ending journey, although of course this depends on which Eastern cultural belief we are focused on. Eastern cultural tend to have a more spiritual approach to their goals where they encourage each individual to lead a virtuous life while striving towards their success, while Western culture is more materialistic which refers to the concrete elements you have in your life such as money and strives towards success through ethical analysis and actions.