Week 2 - Culture Analysis Must post first Choose two countries that appear to be

Question

Week 2 - Culture Analysis Must post first Choose two countries that appear to be culturally different. Create a scenario where these two cultures may be at odds with one another. Describe the differences. PLEASE NOTE: No duplicates on countries. First come, first serve. If you post a country that has already been done, you will not receive credit for it. The list of items you may want to highlight include: 1. the costs of doing business in each country 2. the likely future economic development of that country 3. business practices 4.corruption- (which includes gift giving and bribes) 5. norms and customs You will post your response like this: Your Last Name, Country 1, Country 2 Example: Brown, France, Ireland

Explanation / Answer

Country 1 - India

Country 2 - USA

1) Cost of doing business.

A) In America, if entrepreneur fails in his/her attempt of business then it is considered as a small hurdle on road to success. U.S. cuslture generally encourages comebacks as much as initial success.

In India, failure is treated as the end of career of entrepreneur. Instead of supporting and motivating in hard times Indian culture has the tendency of haulting the promising careers of countless entrepreneurs.

B) In the U.S., it is easy for startups to raise funds just by showcasing the strong business concept, pre defined business model is not often mandatorily required. Start Ups are usually given the opportunity to prove their value proposition and product testingextensively before releasing them to market.

In India, arranging start up capital is not as smooth process. Startups need to have a proper working product with effective business model in order to get funded. In other words, Indian investors show interest in investing when they get the assurance of returns.

2) Economic Development of India and USA.

Economic growth and development is governed by saving and investment in the country. Both the countries have different level of investment and saving.

US being the leader in economy is known for its forward thinking that focuses on saving and investments to build the stronger tomorrow. Many of the world largest companies are headquartered in US so they remain dominant in Manufacturing and have efficient rotation of capital flow.  

India is also counted among the biggest economies in the world. India has a mixed economy where government-owned and private businesses are the primary drivers. Like most developed countries, India has a highly diversified market and trades with many countries for its imports and exports. However, while the economy continues to grow despite the current global financial instability, the wealth distribution in the country is far from balanced. Essentially, the gap between the rich and the poor has not at all lessened despite India’s vast treasury.

3) Business Pratices

Americans are more concerend for getting things done, be recognized, and move to the next challenge. In contrast, in India an employee’s primary loyalty is with the family not their employer.

Hierarchy mentality dominates the Indian business wherein boss lies with all powers and employees are not typically empowered. From a Western perspective, it is seen that the Indian hierarchical order is so dominant that employees will follow orders even if they believe otherwise and Indian’s are seen as being reluctant to say ‘no’ when discussing possible solutions to a problem. The opposite is true in the US, where power is shared from the board room to the shop floor.

4) Corruption

Corruption does not represent a significant business risk for foreign investors in the US. The US provides a competitive market platform with efficient business opportunities; but, companies should be prepared to deal with bureaucracy due to the decentralized structure and business activities governed by federal, state, county and municipal laws. Business costs are increased by extensive anti-corruption legislation and tough requirements for compliance and internal controls.

Companies operating in India have high corrutption risk. Despite continuous efforts from government to stop corruption, red tape and bribery, these practices continue to be widespread. Corruption is highly found in departments like judiciary, police, public services, and public procurement sectors. Due to varying levels of corruption and quality of government operations across India, local investment conditions vary between and within states.

5) Norms and Customs

India business culture, that differs greatly from American business culture, is that Indian business culture operates under the belief that examining and debating all aspects of a business deal is the most crucial part of a process.

Indians usually take time in taking crucial business decisions; they make sure all this are in order and properly examined.

On the other hand, American business culture is centered around the idea that time is money, and that quick, practical problem solving and deal finalization are most important.

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