EXAM PREPARATION Essay Example | Topics and Well Written Essays - 500 words

EXAM PREPARATION - Essay Example It is in this context that strategic CSR rewards in financial benefits for the company and in turn creates an additional benefit on the structural development of the society. Evidently enough, based on the effectiveness of CSR, it is also termed as â€Å"Spiritual Capitalism† (McElhaney, 2009). Correspondingly, it can be stated that strategic CSR is linked with the concept of societal marketing, which determines the requirements and interests of the targeted audiences as well as provides satisfaction by enhancing the well being of the society at large. Another important aspect of CSR, in alignment with societal marketing is that it supports the issues related to education and culture to safeguard the organization along with the society. For instance, IBM institute for Business Value conducts its CSR through the implementation of societal marketing by providing consumers assistance by elite services and aims to develop the society by providing proper product and basic education (McElhaney, 2009). These additional attributes will assist the company to meet the present customer needs. Moreover, through these continuous learning processes regarding the CSR will provide future benefits for the company and the society. It is evident from the instances of IBM and Wal-Mart that CSR activities are quite effective to yield the benefits of competitive differentiation and favorable positioning to find potential customers in the emerging market and assist in creating new future revenue streams thereon (McElhaney, 2009). Creating CSR strategies assists the companies in attaining their goals by ensuring correct measures in the right direction and time, which further benefits them in their long term sustainability. In this regard, to provide further satisfaction to the customers and ensure high performance organizations needs to implement sustainable marketing concepts.

Indian Negotiation Styles Essay Example | Topics and Well Written Essays - 1500 words

Indian Negotiation Styles - Essay Example It is therefore important for business theorists to establish ways of establishing ways through which the synergies of culture, attitudes, and values can be incorporated into business practice. The Problem Background In India, business is considered as a culture and not simply a means towards profits. Success and failure are assessed in terms of the character and ability of agents rather than logical outcomes of strategies and processes (Martin, & Chaney, 2009). In the context of international business, the negotiation process in India is considered, in many circles, as a process of balance of power and an adjustment of equilibriums between the presumed cultural greatness of the west and Indian culture. Cultural balance and cultural universalism acquire more prominence to challenge the negative assumptions resident in theories of cultural relativism as understood in business context. Indian negotiating styles significantly rely on the details (Zubko, & Sahay, 2010). Issues are broken down into their constituent parts and analyzed in accordance with the manner in which they relate to the bigger picture. In essence, the process entails the realization of a range of issues that connect with outcomes. Usually, the focus begins with the bigger picture before attention is given to the driving factors and the specifics of the deal. Clarity and order in the details of the deal becomes necessary for purposes of assessing the feasibility of the deal. Naturally, Indians prefer the guidance of clear data and mathematical procedure towards the attainment of a given goal. This trait is consistent with the cultural attachment to matters of mathematical and scientific importance.... Indian Negotiation Styles A break from socialist policies to a capitalist oriented economic structure has been cited as one of the contributing factors to the country’s economic growth. Western countries have increased their levels of interest in the country for purposes of economic partnership. India’s high population estimated at over a billion has attracted foreign investors who seek market for their products or cheap labor. However engaging with India demands a deeper connection with the culture, attitudes, and philosophies underlying their business practices. The Problem Multinationals and other global business entities that have attempted to establish their businesses in India have been faced with unique challenges that demanded the understanding of the corporate climate. The levels of success or failure in Indian business are directly related to the manner in which international players adjust to the unique character of Indian culture. Studies have established a strong connection between culture and business in the Indian context. Past and recent analyses on Indian negotiating style show that the styles adopted in Indian business environment are largely consistent with their cultural believes, social values, and attitudes towards life in general. Indians embrace family values and respect the aspect of honesty, respect, order, and hierarchy. This study focuses on the negotiation style of India in international business negotiations, with respect to their culture, which greatly shapes their negotiation styles.