...10 4.0 MARKET ENTRY STRATEGIES 11 4.1 JOINT-VENTURE 11 4.2 DISTRIBUTION SYSTEM 12 5.0 CONCLUSIONS 13 6.0 REFERENCES 14 1.0 INTRODUCTION The purpose of this paper is to discuss and evaluate the attractiveness of the food retail industry in India. Research on the Indian food retail industry will be executed to construct an analysis of the overall competitiveness and investment attractiveness. In Part 1, the researcher will apply the extended version of Porter’s National Diamond (PND) model to the Indian food retail industry. In Part 2, two key management issues will be taken into account and analysed before developing any further operations into the Indian food retail industry. In Part 3, two market entry strategies will be selected, compared, and discuss the advantages and limitations of each to determine the optimal strategy to be implemented in regards to the Indian food retail industry. 2.0 Part 1: PORTER’S NATIONAL DIAMOND ANALYSIS India has experienced significant social and economic change as of late, enabling a solid consumer market for foreign retailers. According to UNICEF, the Indian economy has been booming, with an average GDP growth rate of 4.5% from 1997 to 2007 (Mann & Byun, 2011), and is anticipated to be the world's third greatest economy after the USA and China by 2050. When market size, development prospects, and consumer wealth and preparedness are considered to determine the retail food index, India falls within the main five nations (Mann...
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...5(2): 93-98 (2011) A Study of Elderly Living in Old Age Home and Within Family Set-up in Jammu Aruna Dubey*, Seema Bhasin**, Neelima Gupta* and Neeraj Sharma* * P.G. Department of Home Science, Govt. College for Women, Parade, Jammu, Jammu & Kashmir, India ** Directorate of Distance Education, University of Jammu, Jammu & Kashmir, India KEYWORDS Elderly. Old Age Home. Family. Modernization. Urbanization. Life Expectancy ABSTRACT The last century has witnessed a rapid increase in the population of the elderly people in the developed and industrialized countries. This phenomenon is not restricted to the western world only, but many countries such as ours are now feeling the impact of this transaction. This situation could be attributed to a combination of factors such as increase in age, longevity and decreased death rates due to advancement in the field of medicine, improvement of life expectancy at birth, and enhancement in the average span of life. India ranks 4th in terms of absolute size of elderly population .The country is not adequately equipped to look after their special health needs and the changing traditional value system. A feeling is now growing among the aged persons that the attitude of the younger generation towards them is not as desired. In the above context, a study was conducted to understand the feeling of the elderly residing in the old age homes and within the family setup in Jammu. The sample of elderly women was selected using the “Purposive...
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...IMPACT OF TARGET IN INDIA Prepared for Richard Thomas, CEO Target, Minneapolis, Minnesota Prepared by Bhumi Gandhi Senior Research Consultant Target, Chicago, Illinois November 22, 2013 EXECUTIVE SUMMARY Target Corporation has decided to expand their business to India. The study was authorized by the CEO of Target when all other crew of the company approved for expansion business to India. The CEO of Target Corporation requested an evidence to show the positive impact of expansion. Our conclusion that Target will have positive impact in India is based on scholarly articles, cultural books and research. In order to achieve success in India, the company will have to consider these aspects of the culture: * Social customs: Target needs to adapt various cultural, religion and taste preferences. * Family life: Big quantities will be sold much faster as the basic building block of Hindu society is the joint or extended family. * Religion and Folk belief: Religion has a huge impact on the daily life of almost everyone in India. Business have to holidays on holy festivals of India. * Economic Institutions: Employees must get paid a monthly salary. Target has to compete with “Kirana” stores that sell groceries and food to consumers at a low price. On the basis of these findings, it is recommended that Target needs to offer products not only at a lower price but with good customer service. Target Corporation has to avoid selling beef...
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...exploring the possibilities of their lives and beginning to define themselves as adults, rather than teenagers. They shared the perception of “feeling in between” – knowing they were pulling clear of the struggles of adolescence and starting to feel responsible for themselves,, but still closely tied to their parents and family. Emerging adulthood can be defined as an: Age of identity exploration: young people decide who they are and what they want out of work, school and love. Age of instability: young people either go to college or live with their friends or a romantic partner. For most frequent moves end as a families and careers are established in mid 30’s. Age of feeling in between: many emerging adult say they are taking responsibilities for themselves, but still do not completely feel like an adult. Age of self focus: freed of the parent and society directed routine of school, young people try to decide what they want to do, where they want to go, who they want to be with – before those choices get limited by the constraints of marriage, children and career. Culture influences in India in emerging adulthood In my culture as I m from India, examination of (a) whether or not they feel they are adult (b) the criteria they deem necessary for becoming an adults, (c) the extent to which they feel optimistic about their future. There are some conditions that seem to be necessary for emerging adulthood to exist in a particular society. Firstly, emerging adulthood is...
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...Motors Ltd. (Hero Honda), a joint venture between Hero Cycles of India and Honda of Japan, came into existence in 1984 as a motorcycle and scooter manufacturer in India. In 2001, Hero Honda became the largest two wheeler manufacturing company in India with over a million units produced as well as the 'World's number one' company in terms of the unit volume sales for the calendar year. The technology for manufacturing the bikes was provided by Honda whereas Hero was strong in its distribution and service network spread across the country. | | In August 1999, Honda Motor Company announced the setting up of Honda Motorcycle and Scooter India (HMSI) for making scooters and later motorcycles as well. After this, the stock of Hero Honda fell by 30%. Subsequently, HMSI started producing motorcycles, competing directly with Hero Honda. Hero felt that its ambition to go international was being hampered by the joint venture. Both the companies decided to end the joint venture and signed their parting agreement on December 16, 2010. With the split, the erstwhile partners became competitors. Both the companies have several opportunities ahead of them and are likely to face challenges to gain and consolidate their position in the Indian two wheeler market. Issues: » Understand the benefits (utilizing strong points of both) and problems (different ambitions) of companies being in a Joint Venture. » Understand how the companies can together make the Joint Venture a success. » Discuss...
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... The culture of India refers to the way of life of the people of India. India's languages, religions, dance, music, architecture, food, and customs differ from place to place within the country. The Indian culture, often labelled as an amalgamation of several cultures, spans across the Indian subcontinent and has been influenced by a history that is several millennia old.[1][2] Many elements of India's diverse cultures, such as Indian religions, yoga, and Indian cuisine, have had a profound impact across the world ‘Religions” Main article: Religion in India India is the birthplace of Hinduism, Buddhism, Jainism and Sikhism, collectively known as Indian religions Indian religions, also known as Dharmic religions are a major form of world religions along with Abrahamic one. Today, Hinduism and Buddhism are the world's third and fourth-largest religions respectively, with over 2 billion followers altogether, and possibly as many as 2.5 or 2.6 billion followers India is one of the most religiously diverse nations in the world, with some of the most deeply religious societies and cultures. Religion still plays a central and definitive role in the life of many of its people. According to a 2001 census of India, the religion of 80% of the people is Hinduism. Islam is...
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...necessary and effective for the company to take advantage and implement it throughout their business entirely. The particular area in which board members along with upper management believed that it was most important and needed the most to implement newer technology was in inventory management and logistics. Traditionally technology at Wal-Mart was most popular were in computerization of individual sales, and billing machines that were responsible for central billing and keeping different records. As Wal-Mart started growing as a business so did their inventory and they found that they needed to create a system that could keep track of men as well as materials that were being sent from country to country? It also became much more difficult to maintain the progress and inventory of hundreds of warehouses spread all over throughout the world. Therefore the RFID system/technology became more apparent that it was needed and more valuable and reliable than what the...
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...Introduction:- In India, it is no doubt that a woman is seen as pristine, pious and worshipped on one hand but on the other hand she faces discrimination against her gender identity and victimized by the societal norms created in male dominant society. She never got the legitimate place and never enjoyed a respected position in the society even after all the civilization and societal revolutions. Male superiority is still a legitimate concern for any society and adverse conditions for women are still widely prevalent. The emancipation of women and the accomplishment of full balance between genders should dependably be the essential goal of society. Such denial cannot be justified on any grounds – political, moral or legal and not even biological. If we look through the ancient Hindu Society, a woman did not enjoy any reasonable social status and looked upon as a dependent with hardly any property rights. Under the old Mitakshara Law, the son attains an interest and right in the family property on birth. According to this school, a son, grandson, and a great grandson constitute a class of coparceners, based on births in family. No female is a member of the coparcenary in Mitakshara Law. The constitution of India guarantees equality of opportunity and equal status to both men and women citizen. Since article 14 of the Constitution enshrines “equality before law” and article 15 prohibits any form of discrimination. Perhaps this Constitutional mandate compelled the govt. of India to amend...
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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 fourteen major and three hundred minor languages, but the official language is English and Hindi. The Indo-Aryan ethnic group makes up seventy-two percent of India’s population, with 25 percent Dravidian and 3 percent Mongoloid and/or other (“Country Profile: India”). The market opportunity’s this country brings is enormous; the majority of this country is surrounded by water, thus making trade an appealing aspect. Furthermore, the country itself has a very abundant supply of raw materials with an improving rail system and India holds a very stable parliamentary government (“Country Profile: India”). In the following summary, I will provide you with greater understanding on how India’s business environment works and the benefits this country can bring to a company wanting to expand their foreign operations. The country of India has common laws with a written constitution ensuring the rights of individuals and property. Invasion of privacy by people is not spoken of in the...
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...developments in the late Middle Ages impact the Commercial Revolution? 2. What contribution did Luca Pacioli make to the Commercial Revolution? 3. What was the nature of banking in the Commercial Revolution? 4. What was a joint-stock company? 5. What was the Domestic System” in England? 6. What was the Price Revolution and what were its results? 7. What were the principles of mercantilism and what impact did it have on economics and politics? 8. In what ways did the Commercial Revolution sow the seeds of capitalism? 9. What was “Tulip Mania” in the Netherlands? AP European History • The Commercial Revolution • J.F. Walters & G.W.Whitton 2 The Commercial Revolution Journal 12/A: What important economic changes in the early modern centuries does the term “Commercial Revolution” signify? ––Palmer Chapter 12 • pp. 106-114–– Directions; Using sentences or detailed bulleted notes, identify & explain the evidence Palmer uses to support the thesis listed above. AP European History • The Commercial Revolution • J.F. Walters & G.W.Whitton 3 Background to the Commercial Revolution • Commercial Revolution basics ✓ ✓ ✓ ✓ • change from a town-centered (medieval manorial) to a nation-centered (early modern European) economic system in spite of name, the economic change of the Commercial Revolution was slow in nature Commercial Revolution eventually would contribute to the first era of globalization impacted by developments in the Middle Ages ...
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...Disadvantages of Living in a Joint Family In: Social Issues Advantages and Disadvantages of Living in a Joint Family Advantages and disadvantages of living in a joint family A joint family was a phenomena found only in India of the bygone days. This really meant that, the parents with all their children and grandchildren stayed together under one single roof. This system could prevail for decades for several reasons. First and foremost, all the children stayed in the same town as, no one went out of the town to another distant town in search of a job. This made it possible for all children to remain in town, and that also in the same house. Secondly, and more importantly, the sons and daughters-in-law were all treated as one family. * you get complete support of family members when ever needed, your children will not left out alone at home when you go for a job, you can share your joys and sorrows with them. * the only drawback of joint family is that you don't get that much freedom and privacy as you can get in nuclear family. you cant hide anything as u r in joint family ..what ever u want to keep secret....everyone can find that..so no privacy. (D) * Another benefit, we don't have to ask for help from others if all family members are living together. Each and every person will share their opinions and take a good decision. * no independent decision making.... * One may enjoy a joint family if there is a good thinking among the members of the family. if not it becomes very...
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...Unit 1 Hindu Law From thousands of years people living in the Indian subcontinent have been leading their lives by following the guidelines and concepts given in the Vedas. These guidelines have evolved into rules followed by the people and enforced by the rulers and have thus become de facto law. In this modern times, the same laws have been retrofitted to suit present conditions and have been codified in the form of several acts of which the important ones are - Hindu Marriage Act 1955, Hindu Adoption and Maintenance Act 1956, Hindu Minority and Guardianship Act 1956, and Hindu Succession Act 1956. Application of Hindu Law A precise definition of Hinduism does not exist. Hence, it is impossible to define a fixed criteria for determining who is a Hindu. So a negative definition of 'who is not a Hindu' is used. Further, in this land, several religions have been born and they they follow the same customs and practices. So it cannot be said that Hindu Law can be applied only to people who are Hindus by religion. Due to these reasons, in general, the following people are considered to be Hindu with respect to application of Hindu Law. 1. Hindu by Religion - A person who is Hindu, Jain, Bauddha, or Sikh by religion. In Shastri v Muldas SC AIR 1961, SC has held that various sub sects of Hindus such as Swaminarayan, Satsangis, Arya Samajis are also Hindus by religion because they follow the same basic concept of Hindu Philosophy. Converts and Reconverts are also Hindus...
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...Managing Oral Communication (Project Report) ‘A critique of issues and challenges for cross cultural communication of a recent Joint Venture’ Submitted To: Prof. V. Chandra Submitted By: Anuj Verma (14PGDM073) Harsimran Singh Sandhu (14PGDM082) Mohak Jain (14PGDM092) Pallak Joshi (14PGDM102) Shikha (14PGDM110) Tanya Kapoor (14PGDM121) Vrashank Sharma (14PGDM131) Dated: 21 August 2014 Table of Contents Serial No. Contents Page No. 1 2 3 4 5 6 Introduction Specifics of the Deal Critique Conclusion Exhibits References 1 1 3 7 8 10 ‘ Introduction Joint Ventures represent a combination of subsets of assets, contributed by two or more business entities for a specific business purpose and a limited duration. This can enable a firm to achieve market penetration into new areas over time, enter and develop new product markets, expand into new geographic areas and participate in new technology driven value activities (Sullivan, 2014). For the purpose of this project we decided to analyze the recently concluded Joint Venture between Walmart Inc. and Bharti Enterprises. Bharti Enterprises is an Indian Business conglomerate, which owns various businesses spanning across telecommunications, retail, financial services and manufacturing. It operates in 20 countries across Asia and Africa. Wal-Mart Stores Inc., branded as Walmart, is an American multinational retail corporation that runs chains of large discount department stores and warehouse stores. It...
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...living in a joint family A joint family was a phenomena found only in India of the bygone days. This really meant that, the parents with all their children and grandchildren stayed together under one single roof. This system could prevail for decades for several reasons. First and foremost, all the children stayed in the same town as, no one went out of the town to another distant town in search of a job. This made it possible for all children to remain in town, and that also in the same house. Secondly, and more importantly, the sons and daughters-in-law were all treated as one family. * you get complete support of family members when ever needed, your children will not left out alone at home when you go for a job, you can share your joys and sorrows with them. * the only drawback of joint family is that you don't get that much freedom and privacy as you can get in nuclear family. you cant hide anything as u r in joint family ..what ever u want to keep secret....everyone can find that..so no privacy. (D) * Another benefit, we don't have to ask for help from others if all family members are living together. Each and every person will share their opinions and take a good decision. * no independent decision making.... * One may enjoy a joint family if there is a good thinking among the members of the family. if not it becomes very hard to sustain the joint family as there will be discrimination arising. So basic pillar of joint family is to have healthy...
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...Study of Quick Service Restaurants in India Once an introvert, domestic home driven Indian population is now opening up to a culture of eating out. India is a young country with almost 60 percent of people in the age window of 18- 35 years which are also the most spending years, hence QSR. The first foreign Quick Service restaurant and casual dining entered Indian Market around 20 years ago. Although Quick Service Restaurants contributes to only 2-3% to India’s GDP, the market is worth INR 247,680 crore (USD 48 billion) and is expected to grow to INR 408,040 crore (USD 78 billion) by 2018. It comprises of food services that are organized such as full service casual and fine dining restaurants, hotels, bars and lounges, cafes and frozen dessert formats as well as unorganized sector such as Dhabas, street stalls, roadside vendors, food charts etc. The concept of QSR has gained prominence in India because of the affordable, competitive pricing and convenient quick service to the ever growing population. QSRs face few challenges in terms of Health and hygiene, beating local competition, monitoring multiple outlets in various cities, holding on to the customers as QSR customers are easy to sell to but also easy to lose, maintaining quality service, localization of menu and building a cost effective supply chain. Foreign QSRs have more 63% of the market shares but there are many Indian chains such as Haldiram’s, Faasos, Goli Vada Pav etc. that are flourishing in the market that is...
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