Cultural influences impacted business strategies from "summary" of A Business History of India by Tirthankar Roy
Throughout history, the business landscape in India has been shaped by a myriad of cultural influences. These influences have played a significant role in determining the strategies adopted by businesses in the country. From the ancient civilizations of the Indus Valley to the Mughal Empire and beyond, cultural norms and practices have had a profound impact on business practices. One of the key ways in which cultural influences have impacted business strategies is through the importance placed on relationships and hierarchy in Indian society. In India, relationships are often valued above all else, and this has implications for how business is conducted. Building and maintaining strong relationships with partners, customers, and other stakeholders is often considered essential for success in business. Furthermore, the hierarchical nature of Indian society has also influenced business strategies. In a society where social status and rank a...
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