...International Business Environment in India | Brief Analysis | * Sankeerth Reddy * Suveer Neelam * S Kishore | Introduction India is the largest democracy in the world and geographically 7th largest in the world. It is also one of the best countries for international trade. India is developing at a great pace and also has a proud and rich culture. The Census Bureau of USA projected that by 2025 India will be the largest populated country surpassing China. With majority of the population being in the age group of 20-30 years, India has good educated and highly productive work force which enables a significant edge over the rest of the developing countries India relatively has lower percentage of senior citizens than its competitors like U.S and China further reducing the social expenditure for the elderly. India has a lot of natural resources. Iron ore, manganese, titanium ore, mica, petroleum, natural gas, diamond and limestone are some of the abundant natural resources. The coal reserves in India are the fourth largest in the world. 48% of India’s land is arable. Hindi is the most spoken and English is the official language facilitating transactions with other countries. Culture of India India considers religion as important part of its culture. It is to be respected and given importance to succeed in conducting businesses in India. The Indians talk about punctuality but not everyone practices. It is better if appointments are made in advance...
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...Article Assignment #4 Article Summary: The automotive market in India is not doing as well as the expectation they set for themselves, compared to China. Two years ago, India sold over 2 million vehicles, now their sales started to slow down and it is predicted to remain slow. This decrease in sales rate in combination with over production in merchandise is likely to increase export by Indian automakers and boost domestic makers to overcome foreign markets. The Indian car markets, as well as their competition the Chinese automakers, have always set their goal to expand their business worldwide. Although China started exporting their products only 8 years prior, India’s low base price has already made the production type very popular. Being close to a few of the fastest expanding markets in Southeast Asia has helped, although Africa had a very successful market. According to a statement from South Africa’s Standard Bank, car sales in the area have increased to 160% since 2008 to roughly half of South Korea’s numbers and 3 times China’s sales. Overall, exports of Indian vehicles reached almost 3 million in the year to April 2012; although almost 2 and a half million of these were 2 and 3 wheeler type vehicles used for motor cross bikes. Tata Motors has been a persistent exporter to the less particular and picky emerging markets. In 2011, they also began selling the Nano in foregin markets, aiming in on parts of South Aferica and Asia. The Nano is one of the world’s most...
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...Government of India in the year 1963, has achieved a niche in the domain of International Business by blending business knowledge with creative research, pioneering executive development programmes, international linkages and industry interventions into the curricular corpus. At IIFT, we have been an active learner all these years by continually focusing on maintaining global perspective on issues but with realistic grounding in local conditions. This practical approach has given our students an unbeatable edge in the national as well as international arena. It is because of its allaround achievements that the Institute was awarded the status of Deemed University in May 2002 and accredited in May 2005 as “A” grade institution by National Assessment and Accreditation Council (NAAC) an autonomous institution of University Grants Commission. Leading surveys have rated IIFT as one of the top ten business schools in the country. IIFT achieved its stature on the strengths of its faculty members, who have been active nationally and internationally in academia, students, dedicated staff members and excellent infrastructure. There is regular exchange of faculty and students to and from the leading international Business Schools with which IIFT has strategic alliance. The programmes offered at the Institute have not only addressed the requirement of the different times but always have had orientation towards the preparedness for the future. No wonder then that the international business education...
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...P3 Describe how the environment and culture of another country affects a business operating internationally I am going to discuss how the environment and culture of India and China affect businesses operating internationally. I am going to use Tesco as an example. Environment: Both India and China have been named as countries with the highest expected growth in the next 50 years. India population – 1.1 billion, 1.3 billion. India is democratic, China is communist. (Businesses in India have freedom of speech and the way they operate their business while business operations in China are very limited by the Government) China is strong in manufacturing while India is strong in services and Information Technology. Strengths of China = Weaknesses of India Infrastructure in India: India’s road network is a barrier to business operations and has been holding industry back which is a challenge that Tesco would come across with if deciding to expand in India as it would make imports into India much more difficult, time and cost consuming. However Indian government has made it a priority to improve the country’s infrastructure and has pledged to build 14km of new roads in the nearer future. Infrastructure in China: China’s infrastructure is top class – one of the best in the world. China spends almost 50% of its GDP on investment towards their infrastructure which include; roads, bridges, trains, ports, technology etc. China has currently approved an estimated $156 billion dollar investment...
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...International etiquette is a vital ingredient of every successful expat experience. As an expat, you need a basic understanding of the culture you are about to do business in or with. We have put together a small guide to help you get those international etiquette rules right from the beginning! International Etiquette: Avoid Embarrassment Even tiny mistakes in international etiquette can have a negative effect on your career. They may be interpreted as a significant lack of manners and can put an abrupt end to your business abroad. To your business partners, you will appear uninformed or downright rude, and you might jeopardize your business deal if you do not take the time to research social customs and international etiquette beforehand. International Etiquette: Personal Space Respecting other people’s personal space is a crucial aspect of international etiquette, even in business. It is important to keep in mind that there are significant differences between cultures and also between genders which are reflected in the international etiquette rules for the respective countries. Although it is almost impossible to go wrong with a handshake, it’s always a good idea to hold back when in doubt. By observing your environment closely, you will learn quickly where people draw the line between cordiality and intrusiveness. You need to learn not to cross that line. You may notice that in some cultures men are very touchy-feely with each other. Hugs may be a regular way of...
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...Organised by Local Event Manager Supported by INDIA INTERNATIONAL FURNITURE FAIR 16 - 18 November 2011 I Bombay Convention and Exhibition Centre www.indiafurniturefair.com 16 - 18 November 2011 I Bombay Exhibition Centre I Mumbai, India I www.indiafurniturefair.com ADVANTAGE INDIA • World's largest democracy with 1.2 billion people. • India's economy will grow five-fold in the next 20 years (McKinsey). • Investor-friendly policies and incentive-based schemes. • Second most attractive Foreign Direct Investment (FDI) location in the world; India received a total of US$ 25.9 billion of FDI in 200910. • The urban population of India will double from the 2001 census figure of 290 million to approximately 590 million by 2030 (McKinsey). INDIA INTERNATIONAL FURNITURE FAIR 16 - 18 November 2011 I Bombay Convention and Exhibition Centre www.indiafurniturefair.com INDIA GDP GROWTH 8.9% 8.5-9% Rapid economic growth: GDP to grow by 8.9% in 2010-11* and 9.0% in 2011-12 2010 INDIA INTERNATIONAL FURNITURE FAIR 16 - 18 November 2011 I Bombay Convention and Exhibition Centre www.indiafurniturefair.com 2011-12 Source: World Bank INDIA FURNITURE MARKET • • Worth US $8 Billion Growing at 30% compound annual growth rate in the organised sector (about 15% of the whole industry) World’s 8th biggest importer INDIA INTERNATIONAL FURNITURE FAIR 16 - 18 November 2011 I Bombay Convention and Exhibition Centre www.indiafurniturefair.com • INDUSTRY SEGMENTS ...
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...Ana María Hoyos Business Law in China and India Which is more appealing to Latin America? The economy of the United States has been slowing down during the past years, leaving Latin American economies with no alternative but to look into further horizons. Both China and India have been growing and flourishing into attractive alternatives for Latin American businesses. These two fast-growing developing economies represent a great opportunity for Latin American countries especially because both India and China have showed their interest in doing business with Latin America. Additionally, the recent boom of Latin American leftist governments that are not fond of the United States has minimized the gap between the western south and these two Easter giants, increasing the need for joint business ventures and trading partnerships that contribute to the growth of China, India and Latin America. In order to evaluate the relation of Latin American countries with China and India, it is important to analyze the legal systems and regulatory business environments of the Chinese and Indian governments. By developing a concise comparison between China and India, this paper will eventually evaluate which country has more to offer to Latin American economies. Such comparison will be based upon aspects such as legal backgrounds and traditions, basic business regulations, trade laws and others, to finally conclude what sort of government is more appealing to Latin American economies. ...
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...States and India The United States and India have maintained a business relationship for many years. The American Chamber of Commerce in India has improved commercial ties with the economy. The Chairman of the U.S. India Energy Cooperation Program (ECP) has worked hard to assist in the development of international business between the U.S. and India. Expanding commercial ties will increase international business revenue by 17 percent. ToolsCorp Corporation is a productive company that pursues to achieving its financial goals within the international business sector. It is critical to develop an understanding of the economic sector in India. Demographics, infrastructure and gender can affect the business operation with India, Developing a full blown business for ToolsCorp can allow for a higher success rate within the global marketplace. India has a fast growing economy. There are many perspectives on India and why it is a power move to conduct international business operations within India. India’s values, heritage, and core strengths reflects that of the United States. India has population that increase 5 percent each year (Bosch in India, 2015). India also has one of the largest political systems within the global business world. Technology within India is advancing at a rapid rate. The food processing infrastructures are steadily improving farming operations in India. Regional and Econimic Integration plays an important role on business development...
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...Introduction:- INTERNATIONAL BUSINESS includes all those business transactions or exchange of products and services (these exchange can be through import or export) between two or more countries out of national boundaries . These transactions includes sales, Investment and Transportation . Manufacturing & Trade outside the boundaries of one’s own country is known as International Business . In International business performance of trade & Investment activities by firm across national boundaries . International business can be carried out by Individual Firms, Government & international agencies which also engage in international business transactions . The Firm or international Agencies which involves in International business , Exchange...
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...as well as other sources. The following represent a sample of scholarly journals (in no particular order) in which to find articles to write your essay: * Applied Econometrics and International Development * International Economic Review * Industrial and Labor Relations Review * Journal of International Economics * World Competition * Business Law Review * Journal of World Trade * Journal of Economic Growth * Journal of Chinese Economic and Foreign Trade Studies * Business and Politics * Journal of Asia-Pacific Business * International Journal of Economics and Business Research * Global Business and Economics Review * Journal of Global Business Issues The following sources may also be useful (but note that these are not regarded as scholarly references so cannot be counted in your minimum): * The Economist - www.economist.com/ * The Wall Street Journal (Asia Edition) - asia.wsj.com/home-page * The International Economy - www.international-economy.com/ * MIT Sloan Management Review - sloanreview.mit.edu/about/ * China Brief - www.jamestown.org/chinabrief/ * China Development Brief - www.chinadevelopmentbrief.com/ * Business Standard [on India] - www.business-standard.com * The World Factbook - www.cia.gov/library/publications/the-world-factbook/ * BBC News: Country Profiles - news.bbc.co.uk/2/hi/country_profiles/default...
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...labor cost is low in Bangladesh. The whole manufacturing process will take place in Bangladesh. On the other hand, India and China will mainly provide technology, idea, R&D and special equipment (if required). We have decided to go for joint venture, rather than exporting because, joint venture provides companies with the opportunity to gain new capacity and expertise. It will allow us to enter new geographic markets, that is, India or China and gain new technological knowledge access to greater resources, including technology and sharing of risks with them. China and India is not an easy market to enter, as from geographic point of view, they are vast and also they possess a total different culture. Again, it will be difficult for us to monitor and sustain. So, by joint venture, we will be able to penetrate their market and also to their culture easily and quickly through them as they already have enough knowledge about their market. EXTERNAL ANALYSIS – PESTLE ANALYSIS THE PESTEL ANALYSIS OF INDIA Political: (Stable) After researching the taxation and government policies, it can be said that India is politically stable and it will not upset doing business or growth of the company. India has an open system for the foreign entry. But sometimes the country faces ups & downs in the political sector. Tax rate in India is 30% for Indian companies and 40% for foreign companies. The foreign investments are highly encouraged as 100%...
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...Business Environment (A project report on FOREIGN COMPANIES OPERATING IN INDIA AND THEIR ENTRY STRATAGIES) My Project report covers: * Introduction * Types of Entry Strategies in India * Two Case studies * Conclusion * Sources Introduction: India Strategy Assessment Businesses entering India should analyse the following points before selecting the Entry Strategy: * Am I entering India at the right time? * How do I get my project approved and deal with the legal regulations? * Who are my sourcing partners? India an incredible promise, demonstrating rapid growth and entrepreneurial spirit. Brickwork India is definitely the gateway to the best of India. We help you in evolving innovative and intelligent strategies to foray your efforts into India. We are a specialist firm that can develop, mould, and monitor your India business strategies. We visualize, implement, and realize India entry strategies for companies from across the globe. Our services include consultancy in Setups, Mergers and Acquisitions (M&A), Partner Search, Market Research, Procurement Research, Supplier and Distributor Research, etc. We have an exclusive network of professionals, analysts, thought leaders, industry experts, and bureaucrats who help you in a smooth execution of India Strategy projects. Market Intelligence Market & Industry Analysis Company Profiling Feasibility Studies Competitor Analysis Entry Strategy Market...
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...Access International e-Journal - Included in the International Serial Directories www.ijmra.us July 2012 Volume-2, Issue-7 Chief Patron Dr. JOSE G. VARGAS-HERNANDEZ Member of the National System of Researchers, Mexico Research professor at University Center of Economic and Managerial Sciences, University of Guadalajara Director of Mass Media at Ayuntamiento de Cd. Guzman Ex. director of Centro de Capacitacion y Adiestramiento Patron Dr. Mohammad Reza Noruzi PhD: Public Administration, Public Sector Policy Making Management, Tarbiat Modarres University, Tehran, Iran Faculty of Economics and Management, Tarbiat Modarres University, Tehran, Iran Young Researchers' Club Member, Islamic Azad University, Bonab, Iran Chief Advisors Dr. NAGENDRA. S. Senior Asst. Professor, Department of MBA, Mangalore Institute of Technology and Engineering, Moodabidri Dr. SUNIL KUMAR MISHRA Associate Professor, Dronacharya College of Engineering, Gurgaon, INDIA Mr. GARRY TAN WEI HAN Lecturer and Chairperson (Centre for Business and Management), Department of Marketing, University Tunku Abdul Rahman, MALAYSIA MS. R. KAVITHA Assistant Professor, Aloysius Institute of Management and Information, Mangalore, INDIA Dr. A. JUSTIN DIRAVIAM Assistant Professor, Dept. of Computer Science and Engineering, Sardar Raja College of Engineering, Alangulam Tirunelveli, TAMIL NADU, INDIA Dr. Krishan kumar Dean, School of Life Sciences, Singhania University Rajasthan, INDIA A...
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...INDIAN LOGISTICS INDUSTRY 2009 PROJECT REPORT ON INDIAN LOGISTICS INDUSTRY FOR PARTIAL FULFILLMENT OF POST GRADUATE DIPLOMA IN MANAGEMENT SUBMITTED TO: Ms. Gunjeet Kaur Lect. of SVSM SUBMITTED BY: Rajnish Kumar Roll No. SVPG/07/05 PGDM – 6th Trimester SWAMI VIVEKANAND SCHOOL OF MANAGEMENT Ramnagar (near Banur), Patiala 1 | Page SVSM RAJNISH THAKUR (PGDM) INTERNATIONAL BUSINESS & MARKETING INDIAN LOGISTICS INDUSTRY 2009 Punjab LOGISTICS MANAGEMENT - INTRODUCTION Logistics management is that part of the supply chain which plans, implements and controls the efficient, effective, forward and backward (reverse) flow and storage of goods, services and information between the point of origin and the point of consumption in order to meet customers' requirements rather to the customers’ delight. A professional working in the field of logistics management is called a logistician. Logistics, as a business concept, evolved only in the 1950s. This was mainly due to the increasing complexity of supplying one's business with materials, and shipping out products in an increasingly globalized supply chain, calling for experts in the field who are called Supply Chain Logisticians. This can be defined as having the right item in the right quantity at the right time at the right place for the right price and to the right target customers (consumer); and it is the science of process having its presence in all sectors of the industry. The goal of logistics work is to manage...
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...International Research Journal of Business and Management – IRJBM ISSN 2322-083X Indian Technology and Globalization: A New Wrapper on Old Context Soma Bandyopadhyay Department of Computer Science and Engineering MCKV Institute of Engineering Howrah, India Basab Bandyopadhyay Department of Civil Engineering Professional Engineering Services Pvt. Ltd. Kolkata, India Abstract The objective of this paper is to explain the meaning of Globalization and to explore the impact of globalization in Indian context. Our study has two major goals: To analyse the globalization process before and after independence and to describe the main features of the Indian software industry, especially its competence and weakness. The study also reveals the trade and investment policies of the Government of India and its effects on Foreign Direct Investment. We have also done comparative study between Indian and Chinese economy, their strength and challenges. Keywords—Globalization; FDI; India; IT; China; Economic Policy; Industry; Technology. Introduction Globalization is a natural phenomenon of today’s world economies. However in the Indian perspective the globalization of its economy in general and science and technology in particular has taken varied course on its way to modern times. The key feature of this paper is to trace its path through the different periods, with special emphasis on the evolution of science and technology during this course. Different government policies adopted...
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