lunes, 19 de abril de 2010

SOUTH ASIA

  • Afghanistan
  • Pakistan
  • India
  • Maldives
  • Sri Lanka
  • Nepal
  • Bangladesh
  • Bhutan

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  • With a population of some 1.4 billion, South Asia is home to half the world´s poverty.

  • The region has often faced conflicts and political instability, such as the conflict between Pakistan and India.

  • This region has been distinguished by its achievements in the fields of education; industry; health care; information technology and services; international trade; business enterprises; and outsourcing services.

  • Even though, South Asia faces some issues that difficult the total harmony and development of the area; religious extremism, high levels of corruption, disagreements on political boundaries, and inequitable distribution of wealth.

  • The most spoken language is Hindi. Nowadays with the globalization, English has been dominated certain areas from South Asia such as India, especially as a medium of advanced education.

  • The most dominant religions in South Asia are Hinduism, Buddhism and followers of Islam.

source:worldbank.org website


According to the previous table we can notice that India has the largest amount of population between members of South Asia adding to this India had the highest rate of GDP by 2009 of $1.243 billion, it means India has been growing really fast in the last two decades that represents an important development for the region. India’s current economic growth is approximately 7% annually. Also it is considered one of the most attractive markets for outsourcing in products and services from other countries.


SOME IMPORTANT FACTS IN INDIA


  • India promises itself to be the world-wide power in 2025

  • Indian economy is closely joined to western economies (acquisitions and a variety of franchises).

  • There is a friendly relationship between the government and the overseas companies that improve the political stability.

  • A large population can speak English and the labor force is really cheap.

  • It is considered the global powerhouse of generic drugs because India has achieved a great progress in science, technology and a range of manufactured medicines.

  • Urban and rural areas in India have been growing faster than before due to the skilled workers becoming one of the richest states with high levels of income.

  • India with the aim of The World Bank for providing credits to SMEs (Small and Medium enterprises) has promised an economic growth and job creation.

  • India has been facing the growth of cities and towns creating adequate infrastructure in order to improve transport, communications, and water and to use more efficiently the land.

CASTE SYSTEM IN INDIA

Caste: is a closed group whose members are restricted in their choice of occupation and degree of social participation. Marriage outside the caste is prohibited. Social status is determined by the caste of one's birth and may only rarely be transcended.
Nowadays the caste system continues to be influential in organizations due to the choice in the charge that you can get or even the social status in the society is determined by caste system.

DIVISION OF HINDU SOCIETY

  • BRAHMANS: the priestly and learned class
  • KSHATRIYAS: the warriors and rulers
  • VAISYAS: farmers and merchants
  • SUDRAS: peasants and laborers

These divisions refer to the undifferentiated social classes. It is hierarchically organized; those are rigidly differentiated by rituals and beliefs.

DEVELOPMENT OF ECONOMIC ACTIVITIES IN INDIA

  • IT (Information Technology) outsourcing
  • R&D
  • Biotechnology
  • Design
  • Development centers of software
  • Knowledge-based products and services
  • Manufacturing

NOTE OF INTEREST:

International Journal of Indian Culture and Business Management (IJICBM), it is a journal that covers details about new developments in Indian culture and their implications on business.

It is a forum tool mainly for foreign people that want to update every day about Indian market in terms of opportunity and threats in order to get an exchange of new developments in Indian business environment, and the implications of culture and political landscape on business enterprise.
For more information visit the website where you can find more details about it: http://www.acclaimsubscriptions.com/international/catalog/viewItem/?prdid=565116&redir=1

Case study analysis: “HR Challenges at Computer Age Management Services (P) Ltd.”
Vijaya, T.G., D`Netto, Brian and España, Juan. 2007. “HR Challenges at Computer Age Management Services (P) Ltd.” The Management Case Study Journal 7 (2): 41-51.


Question:

1. What do you think are the reasons behind the fast-growth outsourcing industry in India?
Reasons behind the fast-growth outsourcing industry in India:
According to the case “HR Challenges at Computer Age Management Services (P) Ltd.” The Management Case Study Journal 7 (2): 41-51.

The author says in the abstract that: ‘India is one of the significant players in the global outsourcing industry, especially in the area of software development’.

  • India has been recognized by the last years, and has one of the most qualified labor force additionally it is really cheap.
  • Indian workers become from simple tasks to those that imply increased complexity processes.

  • One of the most important aspects and make India be an attractive destiny to contract by outsourcing is the fact that large population can speak English.

  • Since 1991 India has transformed it into one of the fastest growing economies around the world ‘Over the past decade the outsourcing industry in India has grown rapidly’.

  • 'Most Indian employees in the Business Process Outsourcing industry are college educated, ambitious 20-somethings who are lured to the job by attractive starting salaries (Fittipaldi, 2004)’.

References:

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