ABC Company's Cross-Cultural Management Challenges in India
VerifiedAdded on 2021/06/16
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Report
AI Summary
This report examines the cross-cultural management challenges faced by ABC Company, a US-based firm, as it expands into India. The report identifies seven key issues: communication barriers, cultural differences, staffing challenges, expatriation difficulties, compensation and benefits considerations, training and development needs, and the impact of the micro and macro environment. The report highlights the importance of understanding India's political and legal factors, as well as the 'Make in India' initiative. The report further discusses the implications of staffing decisions, including the choice between ethnocentric, polycentric, and geocentric approaches. The report addresses the challenges associated with expatriation, compensation, and benefits, and emphasizes the need for cultural awareness and training programs. Finally, the report recommends an ethnocentric approach, the identification of suitable expatriates, the implementation of cultural awareness programs, and the hiring of experienced Indian employees. The report concludes by emphasizing the importance of addressing these issues for a successful international venture and cites relevant academic sources to support its findings.
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