Global Leadership Blog

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!

Melissa Lamson

About The Author

Melissa Lamson, Founder and President of Lamson Consulting, is an author, consultant, and speaker who accelerates the business expansion goals of today’s most successful companies by developing global mindset, refining leadership skills, and bridging cross cultural communication.
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