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Write 3 page essay on the topic WEEK 5 DISCUSSION 2.The first section comprises of various facts about the state and its economy, which new entrants in the Indian market ought to know (Fischer, 2012).
Write 3 page essay on the topic WEEK 5 DISCUSSION 2.
The first section comprises of various facts about the state and its economy, which new entrants in the Indian market ought to know (Fischer, 2012). The second section Fischer highlights pitfalls which numerous multinational investors usually encounter and how to avoid them (Fischer, 2012). This is because Indian culture is entirely diverse from both the western and American regions (Fischer, 2012).
Therefore, the source will be of vital importance in supporting arguments concerning the uniqueness of Indian market besides other multinational corporations that have failed in the region (Fischer, 2012).
This source comprises of literature written by diverse experts in their respective fields. Varma and Budhwar in their work provide comprehensive information meant to guide diverse investors who may wish to invest in India. This is via outlining prospects and pitfalls, which they ought to evade. Aspects highlighted in this book embrace economic development, critical negotiation skills, opportunities and business culture (Varma & Budhwar, 2010).
In this study, the source will avail adequate information concerning multinational investment in India besides general information concerning economy and pitfalls, which new entrants ought to evade (Varma & Budhwar, 2010). In addition, it will also support arguments regarding critical negotiation skills (Varma & Budhwar, 2010).
Uppal and Mishra outlines diverse aspects that comprise Indian environment, which new entrants ought to consider so that they may succeed. This is because the Indian business environment is extremely diverse from other regions in the world, for instance, the West (Uppal & Mishra, 2009). Some of the aspects highlighted in this source encompass new deregulated policies especially in accounting, auditing and reorientation of the centrally monitored fiscal to market oriented (Uppal &
