Culture
What hierarchial social system has had a lasting effect on India's tradition and business practices?
What is the Caste System
What are the loose collections of independent firms in India called?
What are Business Groups (BG's)
Which globalizing force increases the frequency and intensity of state and societal interactions for a business?
what is a deepening force
is India a high-context or low-context culture?
What is a high-context culture
When a state allows economic progress to be driven by businesses rather than government influence
What is Co-governance
Which globalizing force expands both the economic and geographical connections of a business?
What is a broadening force
What is North & South
Are business groups more or less likely to engage in globalization?
what is less likely
Name 2 forces of Localization
What are nationalism, consumer preferences, history & tradition, security, and cultural diversity
Name 3 of the 4 most predominant religions in India (order does not matter)
What are Hinduism, Islam, Christianity, and Sikhism
What factor prevents Indian business/business groups from expanding to foreign markets?
what is a loss of control
which term describes when a country/company feels pressure from both globalizing and localizing forces
What is Glocalization