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PRESPECTIVE
CHALLENGES IN
GLOBALIZATION
Name : MAHAK KAGRA
Program : BBA
University : Guru Gobind Singh
Indraprastha University
INTRODUCTION
The word ‘Culture’ is derived from the Latin word cultura stemming
from colere, meaning ‘to cultivate’. It refers to patterns of human activity
and the symbolic structures that give such activities significance and
importance.
Culture can be defined as all the ways of life including arts, beliefs and
institutions of a population those are passed down from generation to
generation. Culture has been called ‘the way of life for an entire society’ by
famous Marxist novelist and critic, Raymond Williams.
Practice, practice, practice. That's the first rule, because it's in the doing that we actually
get better at cross-cultural communication.
Don't assume that breakdowns in communication occur because other people are on the
wrong track.
Be prepared for a discussion of the past. Use this as an opportunity to develop an
understanding from "the other's" point of view, rather than getting defensive or impatient.
Remember that cultural norms may not apply to the behavior of any particular individual.
Formal VS Informal Business Culture:
Informal Cultures
Australia
USA
Canada
New Zealand
Denmark, Norway and Iceland
Formal Cultures
Fist in Palm: In Southeast Asia this type of body language is similar to an obscene
sexual gesture.
Index finger Pointing: Throughout East and Southeast Asia it is rude to point at
anyone with your forefinger. Instead, use your whole hand or jerk your chin in the
direction you wish to indicate or to simply glance in the direction you wish to indicate.
•Index finger Beckoning: All over Asia this gesture is reserved for calling dogs and
prostitutes. A repeated scooping motion of the right hand is the polite way to beckon.
•Tapping Your Head: In France, Italy and Germany, if you tap your forehead or temple
with your finger while looking at someone you are saying nonverbally, “Hey, you are
stupid!” Be careful using that sign in Germany, where it is called Vogelzeigen and will
cost you a EURO 100 fine if the Polizei catch you doing it.
In Spain or Great Britain that same gesture is self-referential and means “I am so
clever!”
RESEARCH METHODOLOGY
1.Sample size
There are two ways to select a sample: probability sampling which means that units are
selected randomly, and non-probability sampling meaning that all units do not have the
same chance to be selected Saunders (2007).
PRIMARY DATA
•Data collected from brokers and members of India Infoline Ltd.
SECONDARY DATA
•Data collected from various books.