India Goes Global! Biz Dev Culture in India
The following is an edited pre-transcript from the rapidly growing monthly #GlobalMindsetChat on Twitter! Join us next month!
Welcome everyone to #GlobalMindsetChat! Join us monthly for global business chats. Thank you for being here, please introduce yourself.
It’s an honor to have Shashi Bellamkonda @shashib with us, he’s a social media, biz dev, entrepreneur, & global business expert! #GlobalMindsetChat
Shashi, you teach at Georgetown University, you travel all over the world, we can’t wait to hear your experiences! #GlobalMindsetChat
Q1 WHAT BUSINESS TRENDS ARE INDIA’S FOCUS RIGHT NOW? #GlobalMindsetChat
India is known 4 Business Processing Outsourcing, trend is towards technology innovation. Entrepreneurship is growing. #GlobalMindsetChat
Q2 WHAT PRODUCTS APPEAL MOST TO THE INDIAN CONSUMER? #GlobalMindsetChat
People watch new phones a lot. They line up 2 buy cheap SIM cards 2 make calls & have a single number 2 receive calls #GlobalMindsetChat
Q3 # IN YOUR RECENT TRIP, WHAT SIGNS OF PROGRESS STRUCK YOU THE MOST? GlobalMindsetChat
I was happy 2 C concrete dwellings instead of mud walls (in villages). Money is spent on building wider multi-lane roads. #GlobalMindsetChat
Q4 WHAT ARE THE TOP JOINT VENTURES OR BUSINESSES THAT ARE INDIAN-OWNED IN THE U.S. AND EUROPE? #GlobalMindsetChat
Indian companies R on #Global buying spree.Tata Motors owns Jaguar-Land Rover & also makes world’s cheapest car:TataNano #GlobalMindsetChat
Q5 STARBUCKS HAS STARTED GROWING IN INDIA, HAVE THEY HAD TO ADJUST CULTURALLY? #GlobalMindsetChat
It has competition from a local company & an Italian one. It will be interesting what products work or not. #GlobalMindsetChat
Q6 IF A BUSINESS LEADER WANTS TO ACQUIRE CONTACTS IN INDIA FOR POTENTIAL JOINT VENTURES, HOW CAN THEY MAKE THAT HAPPEN? #GlobalMindsetChat
I met an interesting company recently called Toozio (@tooziotech), providing such a platform to connect CXO’s globally. #GlobalMindsetChat
A workshop on #cross-cultural #teamwork will ensure your #global team is successful! #GlobalMindsetChat http://www.lamsonconsulting.com/global_services-workshops.php
Q7 DO SMALLER COMPANIES/ENTREPRENEURS VS. LARGER COMPANIES HAVE A BETTER CHANCE IN INDIA OR NOT? WHY? #GlobalMindsetChat
Large companies have the power of joint partnerships smaller enterprises R more agile & faster. Start-ups R growing in India #GlobalMindsetChat
Q8 HOW IMPORTANT IS SOCIAL MEDIA AND WHAT’S THE BEST WAY TO USE IT TO ACCESS BUSINESS CONTACTS IN INDIA?
Many Indian business folks, journalists & entrepreneurs use Twitter. Facebook seems even more popular in India. #GlobalMindsetChat
Q9 CULTURALLY & LINGUISTICALLY, INDIA IS EXTREMELY DIVERSE, IF YOU HAD TO GIVE US ONE CULTURAL TIP, WHAT WOULD IT BE? #GlobalMindsetChat
If u have guests from India ask them about dietary preferences. May help prevent taking a vegetarian 2 a steak house. #GlobalMindsetChat
Q10 WHAT WILL THE TOP 2 TRENDS IN TECHNOLOGY BE IN 5 YEARS? WHICH MARKET WILL LEAD?
Mobile devices play a huge role, PCs R aren’t even used. Companies R working on smartphone apps & software/also SMS & MMS. #GlobalMindsetChat
Q11 FROM YOUR EXPERIENCES AND PERSPECTIVE, WHAT IS IT WE SHOULD KNOW ABOUT THE INDIAN MARKET THAT MIGHT SURPRISE US? #GlobalMindsetChat
Prices of luxury consumer goods R at par w/ same goods in the US. Buying power of Indian middle class is fast expanding. #GlobalMindsetChat
Thank you so much for being here, Shashi @shashib, and sharing such valuable best practices in working with business partners from India. It was a treat! #GlobalMindsetChat
Next time on #GlobalMindsetChat, we’ll talk about cooperation w/Canadian business partners- how to generate hot leads & close the deal!