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types of cultural or socioeconomic differences

Scenario:

For the past 4 years, you have been working as a Business Analyst for a company named Pacific Oceanic Tech. Pacific Oceanic Tech., which is located in Los Angeles, California, manufactures and sells computers and computer software solely within the domestic market and Canada. Your company is in the process of expanding internationally and they have assigned you to a new position gathering valuable information regarding operations. Your new manager, Mr. Johnson, explains to you that the new position requires examining the potential of developing new operations in an emerging nation, and for you to prepare relevant profiles and analyses.

For your first order of business, your manager, Mr. Johnson requests that you select an emerging nation that appears to have promise as a good market for your company's product. He also explains that he will be giving you assignments which will test your knowledge and understanding in economic data, economic development, culture, linguistics, history, and ethics for the country that you have chosen.

INDIA:
Find and use at least 3 online resources for your data, and provide the links in your report.

Your manager, Mr. Johnson, was impressed with the country you chose, and he wants you to give him more information regarding your host country. He explains that you must prepare a report for him discussing the health of the economy and the business environment of your selected country. He also explains that the report should contain researched information regarding the types of cultural or socioeconomic differences between your selected country and the United States that could result in organizational or operational mistakes for your company.

For this assignment, you must submit a report in which you explain the types of cultural or socioeconomic differences between your selected country and the United States that could result in organizational or operational mistakes for your company. Report on any key data that will inform your manager of the most important possible differences between your host country and the U.S. market. Additionally, you must submit 2 data tables that show the difference between your host country and the United States.

For full credit, you must address the following in your report:

The business environment
The health of the economy
The types of cultural or socioeconomic differences between your selected country and the United States, which could result in organizational or operational mistakes for your company
The total population
Population growth rates
Ethnic and religious makeup
Per capita GDP
Income disparity
Unemployment rates
Education levels and literacy rates
Key industries
Economic output
Inflation
National debt
Statistics on the socioeconomic variables

>>How this information might affect your company's decision to pursue business relationships in your selected country?<<

Solution Preview

The response addresses the queries posted in 1188 words with references.

//Global expansion is very much essential for the organizations in order to survive in this competitive era, where everyone is trying to acquire the market share of each other. However, before expanding its operation in any nation, the organizations need to explore various important aspects regarding the business environment, GDP growth rate and also the socio cultural differences that persist in the host country. The following series analyzes the business environment and also the differences in socio cultural aspect of India and the United States//.

The developing nations are the most attractive regions for multinational companies to expand their operations because of the availability of resources at a cheaper rate in such countries. However, as far as India is concerned, it has a huge potential for growth in various sectors including the IT sector. The Indian domestic market has been growing rapidly attracting well established MNCs across the globe. The reason for such an increase in the operations of MNC in India is the freedom provided by the government in terms of deregulation from the private sector.

Few years ago, the government has the considerable amount of control over the private sector, but after the liberalization of the economy in 1991, the control of the government over the private sectors seems to decrease. This encourages the international companies to start their operation in the country. However, in order to understand the business environment of India for the IT sector, PEST analysis, i.e. Political, Economic, Technological and Social environment is very much useful. The political factors have a major impact on the operations of the companies in terms of the regulations by the government.

However, for the IT industry, the regulations by the government are stable and the government is also promoting the growth of IT sector in the country. Hence, it becomes favorable for the Pacific Oceanic Tech. to start its operation because of the ...

Solution Summary

The response addresses the queries posted in 1188 words with references.

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