Introduction
India is amongst the ancient civilizations with rich historical legacies and cultural traditions. It shares a border with seven countries namely; Pakistan, China, Nepal, Bhutan, Bangladesh and Sri Lanka. This denotes the diversity it has within its mainstream culture and subcultures, in terms of language, religion, ethnicity and mindset.
It is a nation of extensive inconsistencies, with its emergence in the global market as opposed to its restricted economy of labour, capital and knowledge. However these inconsistencies are caused by the contradictory national and managerial mindset goes on to the confidence Indians have in their abilities and future. Bever et al (2005) found, in a study by McKinskey Quaterly, that Indian managers tend to be more optimistic as compared to the others, whereas in reality, it has been seen in only a few industries and corporations. The reason for these inconsistencies could be due to the history and culture behind the management styles. For instance, they are shaped by family dominance, rigid bureaucracy in government structures, and absence of professionalism in managers. Some areas that need attention are ethical indecency, labour laws and human resource management that should be attended. Also of equal consideration is the protectionist culture inspired by socialist economics, which was formed after independence in 1947, when the government-bred regulations fenced the influx of foreign opposition. It created inefficiencies and status-quo that triggered corruption and poor governance (Davis et al., 2005)
However, evidence show India’s potential channeling into performance. This transformation can be fostered by the prominent global industries like software services, automobiles, bio-technology and pharmaceuticals. Ranking as the fourth largest economy, with GDP worth $4.06 trillion as of 2011, managers in these