Business Ethics in India and Brazil
The two articles, which are from the same source, I have selected provide excellent summaries of the business ethics in the two countries selected, they are a guide to people wishing to do business in these two developing and fast growing nations. The countries I have selected are India in Asia and Brazil in South America. Both of these countries are part of the BRIC (Brazil, Russia, India and China) group of countries which represent 4 of the fastest growing economies in the world, as such there is a lot of interest with large organizations to enter and benefit from this growth.
The first which focuses on India offers a list of ethical tips for operating in India, it talks briefly about the ethical climate in the country and then lists seven ethical and compliance issues to consider before entering the country to do business. (Global Compliance India, Ethisphere, Oct 2008)
The second article which focuses on Brazil is in a little more detail, this is probably because there are bigger differences in terms of the way business is conducted due to the colonization of India. Again it offers ethical tips and lists ethical and compliance issues, however in addition it includes a section on cultural concepts and etiquette tips. (Global Compliance Brazil, Ethisphere, Sept 2008)
INDIA
The article describes how conducting business in India has great allure for global corporations for a number of reasons, firstly India has 2nd largest population in the world, it is also a source for intellectual capital and a relatively inexpensive educated labor force, nearly all of which speaks English.
The article then goes onto give a number of etiquette tips which in summary are;
Recognizable - Foreigners stand out easily and are often expected to act in a higher standard, don’t be alarmed if people stare!
Patience – Dealings can drag being aggressive and quick in negotiations may be interpreted as showing disrespect, so be patient when dealing with the enormous
The first which focuses on India offers a list of ethical tips for operating in India, it talks briefly about the ethical climate in the country and then lists seven ethical and compliance issues to consider before entering the country to do business. (Global Compliance India, Ethisphere, Oct 2008)
The second article which focuses on Brazil is in a little more detail, this is probably because there are bigger differences in terms of the way business is conducted due to the colonization of India. Again it offers ethical tips and lists ethical and compliance issues, however in addition it includes a section on cultural concepts and etiquette tips. (Global Compliance Brazil, Ethisphere, Sept 2008)
INDIA
The article describes how conducting business in India has great allure for global corporations for a number of reasons, firstly India has 2nd largest population in the world, it is also a source for intellectual capital and a relatively inexpensive educated labor force, nearly all of which speaks English.
The article then goes onto give a number of etiquette tips which in summary are;
Recognizable - Foreigners stand out easily and are often expected to act in a higher standard, don’t be alarmed if people stare!
Patience – Dealings can drag being aggressive and quick in negotiations may be interpreted as showing disrespect, so be patient when dealing with the enormous