Relationships vs. Rules; Individualism vs. Communitarianism; Status as Achieved vs. Status as Ascribed.

Managing country risks | Business & Finance homework help

Relationships vs. Rules: India is a collectivist nation, placing great value on relationships and networks. Social obligations play a major role in decision-making, often superseding any rules or regulations that may be established.

Individualism vs Communitarianism: Indian culture emphasizes the importance of community over individual needs or desires. Decisions are made for the greater good of all rather than the individual, leading to collective responsibility and mutual support among family members and friends.

Status as Achieved vs Status as Ascribed: India has traditionally followed an ‘ascribed’ system when it comes to social status, with one’s caste determined at birth by their family lineage or circumstances outside of their control such as gender, religion or ethnicity playing an important role in determining one’s place in society. However, there is also an increasing trend towards achieving status based on personal merit and accomplishments rather than inherited traits