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Cultures of the country and their implications for business

Question:

Prepare a business report which includes Cultures of the country and their implications for business.Political and economic systems of the country and how they may affect your intended business.Nature of business systems in the chosen country, focusing on business organisation, leadership, human resource management and change management principles, and how each may affect your business operations.Differences in finance and banking systems between that country and home country and how these may affect your business and what countermeasures you may need.Any difference in legal systems between that country and home country and how these may affect your business and what countermeasures you may need.Important ethical matters of that chosen country and how they may affect your business operations.

Introduction

Tadka is an Indian restaurant operating as a chain of high class restaurants in various big cities across India. Its specialty is its high class Indian cuisine, which has seen it gain popularity in a short period of time. Along with its amazing food, the restaurant offers an amazing Indian ambience, with a retro mood setting of the Indian Film industry, also popularly called Bollywood. The restaurant plays old songs featured in various movies of the yesteryears and is impeccably decorated with posters of the old Hindi movies along with the posters of some of the biggest names in the industry. It was inaugurated by Mr. Amitabh Bachchan (a huge celebrity in India, also featured in several Hollywood movies such as The Great Gatsby) (imdb, 2013) in Mumbai in the year 1998. Since opening its first store in the movie and business capital of the country, Tadka has expanded to ten other major cities in India, such as New Delhi, Hyderabad, Jaipur, Chandigarh, Ahmadabad, Bangalore, Kolkata, Lucknow, Agra, as well as Patna.

Its business model is simple. Provide delicious food and drinks to its customers, with impeccable quality and ambience, and the customers shall return. At the end of their meal, customers get a free Betel Leaf, also known as Paan to clean their palate.

Recently, the owners of the restaurant have decided to venture internationally, and their chosen destination is Dubai in the UAE, which has a similar cultural background to India, especially with the mass majority of the expatriate population, dominated by Indians and Pakistanis, (Dubai Statistics Centre, 2014) which would be the core target market for the restaurant.

1. The United Arab Emirates (UAE) is an organization of seven emirates while India is a government republic. (Difference Between India and UEA, n.d)

2. Both have been under British tenet with India picking up freedom in 1947 while the UAE picked up autonomy in 1971. (Difference Between India and UEA, n.d)

3. Both have prime ministers who are delegated by their presidents, however while the President of India is chosen, the President of the UAE is picked among the seven emirs. (Difference Between India and UEA, n.d)

4. Both have three branches of government; the executive, governing body, and legal, yet they contrast in creation and capacities. (Difference Between India and UEA, n.d)

Political and economic systems of the country and how they may affect your intended business

5. The Constitution of the UAE is concerned just with the relations between the emirates while the Constitution of India administers the nation. (Difference Between India and UEA, n.d)

6. The UAE is more financially steady than India and is additionally less crowded. (Difference Between India and UEA, n.d)

 UAE as a nation has a rich legacy and different society of its own. Through the years, the inflow of the ostracize populace and the quantity of multinational organizations have expanded altogether. Understanding neighbourhood society and connections with other exile societies is vital for achievement. The ostracize model has paid rich profits to the nation by giving a talented work power, particularly from Asian nations. Ostracizes have increased as far as better living norms and better wage in the UAE. In a multi social business setting, ostracizes with diverse foundations, society and esteem frameworks frequently see business morals in an unexpected way. At the point when individuals don't impart the same foundations then there is a plausibility of misconceptions and clashes in the association. The state of mind towards business morals might likewise shift so incredibly in arriving at agreement on morals crosswise over societies. It might be that an accord on morals crosswise over societies is not by any means prescribed (Donaldson and Dunfee, 1999). In this circumstance the distinctions in society must be contemplated and decently regarded (Randi, 2006).

Improvements have affected inconspicuous changes in the social status and implications of Indian foods, occurring generally outside the scope of vision of nutritionists, ethnographers and editorialists composing on sustenance or restaurants. (Nandi, 2004) Few appear mindful that the conventional concerns of ethnography of sustenance – the cooked and the crude, the unadulterated and the dirtied, commensality and its unlucky deficiency, the blessed and the profane – have united now with another, more liquid governmental issues of sustenance in nations like India. (Nandi, 2004) These governmental issues are fundamentally adjusting, maybe shockingly, the relationship what's more the pecking request among foods that may have recognized one another's vicinity for quite a long time, however never as reluctant, self-sufficient, decently limited culinary customs. That new mindfulness is presenting new subcultures of sustenance, status amusements among culinary customs, and another political economy of open and private eating. India now appears dead set to demonstrate Philip Mcmichael (2004) privilege when he says, Eating regimens have a political history confined by class, social and royal relations. Creature protein utilization signs climbing prosperity and copying of Western eating regimens. Development up the natural way of life progressive system (from starch, to grain, to creature protein and vegetables) is related to advancement'. Most importantly, the new mindfulness is permitting another sort of legislative issues of 'legitimacy', not inside the societies being presented to globalization, yet inside the overwhelming society of worldwide cosmopolitanism, determined by the thoughts of an outsider that is commonplace and the fascinating that is open. In this sense, the significant issues that now puppy Indian cooking is definitely, not fundamentally not the same as the inquiries that puppy Indian social life as a rule (Nandi, 2004). The shapes of this life are progressively characterized not only inside the land limits of India yet by, what most Indians consider, the less well known domain of Indianness as a type of ethnicity that is being re-foreign made from the diasporas into India to reshape numerous spaces of life, including the societies of nourishment inside the nation. Various crossing issues appear to rule this redefinition; we should focus on just four of them: the changing thought of legitimacy as it stops the limits of ethnic sustenance, the development of fast food as another kind inside which a few foods have an edge over others, the slow crystallization of new high and low societies of foods that are globalized or can be given a bigger regional and social range, and the growing inclination to re-vision ethnic sustenance more like the marker of a society as a synecdoche or an alternative to culture. (Nandi, 2004)

Nature of business systems in the chosen country, focusing on business organisation, leadership, human resource management and change management principles, and how each may affect your business operations

Dubai is an advanced city that invites guests from across the globe. In contrary to this, as Dubai is also known as a Muslim city, religious considerations are also evident in the standard of clothing and respect of people in the society.

Religion assumes a noteworthy part in the society of Dubai. The city is a hub to Mosques and it is very often that people petitioning to God in the mosques can be heard (dubai, 2013). Even a vacationer not from Muslim background has the feasibility of visiting the mosques and most vacationers have accepted that the Jumeriah mosque is the greatest one among all (dubai, 2013). Ramadan is a mainstream time of year to visit Dubai; albeit all occupants and guests must forgo consuming or drinking out in the open in sunshine hours, it is a magnificent time to experience the nearby society and solid religious legacy of the city. (dubai, 2013) Non-Muslims may consume and drink in assigned ranges, and numerous inns and shopping centers will have different outlets that stay open amid Ramadan. (dubai, 2013)

 At the point when a business undertaking imports merchandise from different nations, fares its items to them or makes ventures abroad, it bargains in foreign exchange. (Gov. of India, 2014)

In India, all exchanges that incorporate foreign exchange were directed by Foreign Exchange Regulations Act (Fera),1973. (Gov. of India, 2014)The principle goal of FERA was protection and legitimate use of the foreign exchange assets of the nation. (Gov. of India, 2014) It likewise looked to control certain parts of the behaviour of business outside the nation by Indian organizations and in India by remote organizations. (Gov. of India, 2014)It was a criminal enactment which implied that its infringement would prompt detainment and instalment of overwhelming fine. It had numerous prohibitive statements which discouraged outside speculations. (Gov. of India, 2014)

Notwithstanding the likelihood of setting up in one of Dubai's various free zones, universal organizations wishing to work together in Dubai may join or register a neighbourhood substance under the Companies Law or the Civil Code, enlist a limb or agent office of a remote organization or go into a business org association with a UAE national. (Tarbuck & Lester, 2009). Further, each of these structures has impediments on the extent of allowed exercises. Most outstandingly, an agent office might by and large just perform promoting and managerial capacities for sake of a remote guardian, and a limb office might for the most part just participate in exercises which include the advancement of the aptitudes and ability of the individual leading the business. (Tarbuck & Lester, 2009) Business authorizing is especially essential in the UAE and Dubai. Any individual wishing to work together in Dubai (other than through authorized specialists) obliges a permit and the permit affects on the extent of the exercises that the licence bearer may bear on. Likewise with most different wards, certain areas of the UAE and Dubai economy are liable to more stringent authorizing prerequisites than others. As a sample, universal organizations wishing to bear on saving money or most other monetary administrations in Dubai and outside the DIFC oblige a permit from the UAE Central Bank and the allowing of such licenses is entirely directed. Also, a predetermined number of exercises, for example, land business, are limited to UAE national. (Tarbuck & Lester, 2009)

Differences in finance and banking systems between that country and home country and how these may affect your business and what countermeasures you may need

The essential necessity for all business action in the UAE is one of three classifications of permit, business, expert or Industrial. These licenses are issued by the Department of Economic Development of every Emirate (this may change from Emirate to Emirate). (Igarashi, n.d) On the other hand, licenses for a few classes of business oblige approbation from specific services and different powers. Case in point, banks and financial establishments oblige unique approbation from the Central Bank, media companies oblige uncommon endorsement from the National Media Council, and assembling companies oblige exceptional regard from the Ministry of Finance.

In any case, in the free zones diverse sorts of licenses are reachable and accessible and these differ from free zone to free zone. The following are the diverse sorts of licenses accessible at, for instance, the Jebel Ali Free Zone, which is situated in Dubai (Igarashi, n.d). The length of an organization directs its business inside the Jebel Ali Free Zone, the organization is not needed to acquire a permit from the Department of Economic Development. (Igarashi, n.d)

General Trading License: This sort of permit permits the holder to import, fare, disperse and store all things according to Jafza guidelines and regulations. This organization permit empowers the holder to exchange inside the free zone and not outside it; for that it would need to delegate wholesalers on the fundamental area.

Trading License:This kind of permit permits the holder to import, fare, disperse and store the specific things defined in the permit.

This organization permit empowers the holder to exchange inside the free zone and not outside it. Formal enlistment of companies has numerous quick advantages for the companies and for entrepreneurs and representatives. (World Bank, 2014)Legitimate substances can outlast their originators. Assets are pooled as a few shareholders unite to begin an organization. Formally enrolled companies have admittance to administrations and establishments from courts to banks and in addition to new markets. Furthermore their representatives can advantage from assurances gave by the law. An extra advantage accompanies restricted risk companies. This farthest point the financial obligation of organization holders to their speculations, so individual resources of the managers are not put at danger. (World Bank, 2014) Where governments make enrolment simple, more business people begin organizations in the formal segment, making all the more great occupations and producing more income for the government. (World Bank, 2014)

India’s financial part is enhanced and growing quickly. It involves business banks, insurance agencies, non-banking financial companies, cooperatives, annuities reserves, shared trusts and other littler financial substances. (LOK SABHA SECRETARIAT, 2013)

In India, it is a bank ruled financial part and business banks represent in excess of 60 percent of the aggregate resources of the financial framework emulated by the Insurance. (LOK SABHA SECRETARIAT, 2013)Other bank mediators incorporate provincial rustic banks and helpful banks that focus under overhauled country and urban populaces. Numerous non banking finance companies (NBFC) work in specific portions (renting, calculating, micro account, foundation finance), however some can acknowledge stores. (LOK SABHA SECRETARIAT, 2013) Benefits procurement covers 12 percent of the working populace and comprises of common administration game plans, a necessary plan for formal private area representatives, and private plan offered through insurance agencies. (LOK SABHA SECRETARIAT, 2013). Each of these legal considerations play an important role in an organization’s efficient establishment.

Any difference in legal systems between that country and home country and how these may affect your business and what countermeasures you may need

The regulation and supervision of the financial framework in India is completed by distinctive administrative powers. (LOK SABHA SECRETARIAT, 2013) The Reserve Bank of India (RBI) controls and regulates the real piece of the financial framework. The supervisory part of the RBI covers business banks, urban helpful banks (UCBs), some financial establishments and non-banking finance companies (NBFCs). (LOK SABHA SECRETARIAT, 2013)A portion of the financial organizations, thus, manage or direct different foundations in the financial division, for example, Regional Rural Banks and the Co-agent banks are directed by National Bank for Agriculture and Rural Development (NABARD); and lodging finance companies by National Housing Bank(NHB). (LOK SABHA SECRETARIAT, 2013) Bureau of Company Affairs (DCA), Government of India directs store taking exercises of corporate, other than NBFCS. (LOK SABHA SECRETARIAT, 2013)Enlisted under companies Act, however not those which are under partitioned statutes. The Registrar of Cooperatives of distinctive states on account of single state cooperatives and the Central Government on account of multi-state cooperatives are joint controllers, with the RBI for UCBs, and with NABARD for country cooperatives. (LOK SABHA SECRETARIAT, 2013).

On the other hand, in Dubai, Since mid-2000 the UAE, and specifically Dubai, has secured itself as the territorial financial focus and banking center in the Middle East, a position which in the past decades was held by Beirut and, all the more as of late, Bahrain. Dubai's status as a global banking focus gets from its expansive habitat for re-exports, to a great degree great financial and interchanges base and high political steadiness. There are 23 generally joined business banks working in UAE since 2011 with approximately 768 branches, thought about to 28 outside keeps money with 110 delegate business locales enrolled. 24 fund companies, 22 venture companies, and 119 authorized cash changers keep up practically 628 extensions are found in the UAE After the global financial emergency, Dubai has recuperated and reinforced its position as a banking focus in the Middle East, Africa, and past over the previous years, likewise due to the political turmoil in a few nations in the Middle East.

Moreover, Dubai operates on the fundamentals of Islamic Banking, which is quite different from the conventional banking system in India. Financial institutions in Islam are still operating in a society wherein work is performed by routine banking and every capability to function normally is performed in order to establish finances affirmatively. Business worlds are aided by IFIs by presenting all those administrators who will be required for efficient functioning of Islamic economy. In India, all exchanges that incorporate foreign exchange were directed by Foreign Exchange Regulations Act (Fera),1973. (Gov. of India, 2014)The principle goal of FERA was protection and legitimate use of the foreign exchange assets of the nation. (Gov. of India, 2014) It likewise looked to control certain parts of the behaviour of business outside the nation by Indian organizations and in India by remote organizations. (Gov. of India, 2014)It was a criminal enactment which implied that its infringement would prompt detainment and instalment of overwhelming fine. It had numerous prohibitive statements which discouraged outside speculations. (Gov. of India, 2014)

Important ethical matters of that chosen country and how they may affect your business operations

Notwithstanding the likelihood of setting up in one of Dubai's various free zones, universal organizations wishing to work together in Dubai may join or register a neighbourhood substance under the Companies Law or the Civil Code, enlist a limb or agent office of a remote organization or go into a business org association with a UAE national. (Tarbuck & Lester, 2009). Further, each of these structures has impediments on the extent of allowed exercises. Most outstandingly, an agent office might by and large just perform promoting and managerial capacities for sake of a remote guardian, and a limb office might for the most part just participate in exercises which include the advancement of the aptitudes and ability of the individual leading the business. Additionally, the reason and operation taking place have differences. In this section of the report, IFIs operations and results with regard to conventional banks traditionally will be done. Any framework from financial institution is needed for supporting an economy to run smoothly. The starting step will be comprised of preparing to save the expenses from spenders and providing the sole responsibility of the expenses to visionaries of business. Secondly, focus will be laid on general utility provision with regard to trust exchanges administrations that can help in facilitating exchanges universally.

Conclusions

Indian food has been in presence for a few hundreds of years and has developed through time to maintain the image of Indian society. It is known for its multifaceted mixing of fascinating flavours, veggies, and meat to make one genuinely delicious dish. History and flavour, that is really tricky to top. It's no big surprise Indian restaurants have become in notoriety throughout the years. Nobody in the restaurant business has a widespread offer. It is difficult to seize the full 100% of the business sector. Endeavouring such a mammoth objective will just result to disappointment. The market's taste and inclination is as differing as it is wide. Reasonably talking, a restaurateur can just tap around five to ten percent of the aggregate purchaser populace pie. UAE as a nation has a rich legacy and different society of its own. Through the years, the inflow of the ostracize populace and the quantity of multinational organizations have expanded altogether. Understanding neighbourhood society and connections with other exile societies is vital for achievement. The ostracize model has paid rich profits to the nation by giving a talented work power, particularly from Asian nations. Ostracizes have increased as far as better living norms and better wage in the UAE. In a multi social business setting, ostracizes with diverse foundations, society and esteem frameworks frequently see business morals in an unexpected way. At the point when individuals don't impart the same foundations then there is a plausibility of misconceptions and clashes in the association. The state of mind towards business morals might likewise shift so incredibly in arriving at agreement on morals crosswise over societies.

On the off chance that an outsider wishes to do business in the UAE yet does not wish to keep up a physical vicinity in the UAE it may go into a business organization association with a completely neighborhood claimed substance or UAE national. Business operators are for the most part utilized by outside producers and dealers who are occupied with the huge scale importation of products into the UAE all the time. Under a business office, the outside business and the business operators consent to the terms of the business commission, the region of the distributorship (at least, this would be one Emirate) and the term of the relationship. In the event that the business specialists enroll the agreement with the Ministry of Economy and Commerce the operators can acquire the different insurances stood to operators under the UAE Commercial Agencies Law.

While the business and legal systems and even at times cultural traditions may differ between India and Dubai, opening an Indian restaurant could be a favourable proposition to the owners at Tadka. This is mainly because there is a huge demand for Indian cuisine worldwide, and with Dubai being an established tourist destination, it would obviously add to the glamour of the city. Moreover, as discussed earlier, Dubai is home to a lot of expatriates from the Indian subcontinent, who would obviously be regular customers at the restaurant. With the recent run of successes for the restaurant Tadka in India, it would not come as a surprise if the restaurant would quickly grow in Dubai, and, perhaps, even expand into other parts of UAE such as Sharjah and Abu-Dhabi or even the neighbouring Arab countries such as Qatar, Saudi Arabia etc. From this perspective, the restaurant will also be a success in Dubai due to the similarity in external environment between the home and the host country.

References

Difference Between India and UEA. (n.d). Retrieved January 12, 2015.

Donaldson and Dunfee. (1999). When ethics travel: the promise and peril of global business ethics. California Management Review Vol. 41 No. 4 , 45-63.

dubai. (2013, November 07). Getting familiar with Dubai’s culture and etiquette. Retrieved January 12, 2015, from Dubai.

Dubai Statistics Centre. (2014). Population. Retrieved January 12, 2015, from Dubai Statistics Centre; Govt. of Dubai.

Gov. of India. (2014). FEMA. Retrieved January 12, 2015, from Government of India.

Igarashi, C. (n.d). Doing Business in UAE. Al Tamimi & Company.

imdb. (2013). The Great Gatsby. Retrieved January 12, 2015, from Internet Movies Database.

LOK SABHA SECRETARIAT. (2013). Financial Sector in India: Regulations & Reforms. New Delhi: PARLIAMENT LIBRARY AND REFERENCE, RESEARCH, DOCUMENTATION AND INFORMATION SERVICE (LARRDIS).

Nandi, A. (2004). THE CHANGING POPULAR CULTURE OF INDIAN FOOD: PRELIMINARY NOTES. CENTRE FOR THE STUDY OF DEVELOPING SOCIETIES, DELHI , 9-19.

Porwal., R. K. (2007). Legal Articles. Retrieved January 12, 2015, from Indian Law Journal.

Randi, L. S. (2006). Comparing Ethical Attitudes across Cultures,. Cross Cultural Management: an international journal, vol-13, no-2 , 101-113.

Tarbuck & Lester. (2009). DUBAI’S LEGAL SYSTEM. London: Motivate Publishing.

World Bank. (2014). Doing Business in UAE. Washington: The International Bank for Reconstruction and Developmen.

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