8/6/2019 Corporate Culture Presentation

1/26

GROUP 5:

INDIAN SUB-CONTINENT FINANCESECTOR INTERESTS IN SOUTH

EAST ASIA(INDONESIA& JAPAN)

8/6/2019 Corporate Culture Presentation

2/26

ORGANISATION CORPORATE CULTURE

Wait for Hetal

8/6/2019 Corporate Culture Presentation

3/26

THE IMPACT OF CULTURE ON FINANCIAL

ORGANISATION

Wait for Hetal

8/6/2019 Corporate Culture Presentation

4/26

CULTURAL DIFFERENCES:

INDIAN SUB-CONTINENT

India

-Traditional Caste System

-Fatalism

-Collectivism

-Religion is a way of life

-Financial channels are from friends & family

-Main religion is Hinduism

-Main language is Hindi

8/6/2019 Corporate Culture Presentation

5/26

CULTURAL DIFFERENCES:

INDIAN SUB-CONTINENT

Pakistan

-Hierarchical Society

-Main religion is Islam-Follow basic of business etiquettes

-Negotiation is the prioritised in business

-Business card is a must

8/6/2019 Corporate Culture Presentation

6/26

Bangladesh

-Developing relationships

-Business entertainment is important-Exchanging favours

-Punctuality is important

-Women are accepted in business

CULTURAL DIFFERENCES:

INDIAN SUB-CONTINENT

8/6/2019 Corporate Culture Presentation

7/26

CULTURAL DIFFERENCES:

SOUTH EAST ASIA

Indonesia

-Hierarchically structured

-Manager allocates tasks and making decisions

-Promotions & selections are based onrelationships

-Connections with the government &

organisations is a key to success

-Hold of bureaucracy

8/6/2019 Corporate Culture Presentation

8/26

Japan

-Lifetime employment

-Regard of individuals

-Hierarchy based on consensus and cooperationrather than top-downdecision

-Long-term business relationships

-Decision making is participative

CULTURAL DIFFERENCES:

SOUTH EAST ASIA

8/6/2019 Corporate Culture Presentation

9/26

CULTURAL DIFFERENCES:

Periodical

employment Team responsibilities

Top-downdecisions

Hierarchical innature

Authoritarianmanners

Lifetime employment

Individualresponsibility (Japan),

Team responsibility

(Indonesia)

Co-operation

Hierarchy is based on

consensus

Decision making is

participative

Indian Sub-continent South East Asia

8/6/2019 Corporate Culture Presentation

10/26

ALIAND ISMAIL SECTION

8/6/2019 Corporate Culture Presentation

11/26

INTERNAL STAKEHOLDERS

Shareholders Employees

Customers Suppliers

8/6/2019 Corporate Culture Presentation

12/26

EXTERNAL STAKEHOLDERS

Government

Financial

regulatory

authorities

Indian financial regulatory

authorities

The Reserve Bank ofIndia

Securities and Exchange Board

ofIndia (SEBI) National Stock Exchange

Bombay Stock Exchange (BSE)

Major Financial Institutions in

India

ForeignInvestment Promotion

Board

Indonesian financial regulatory

Authorities

Indonesian Capital Market and

Financial InstitutionsSupervisory Agency

Bank ofIndonesia

Japanese financial regulatory

Authorities

Financial Services Agency

Japan Securities Dealers

Association

8/6/2019 Corporate Culture Presentation

13/26

EXTERNAL STAKEHOLDERS

Government

Financial

regulatory

authorities

Credit Rating

Agencies

Indian credit rating agencies

ONICRA Credit Rating Agency ofIndia

Ltd.

Credit Rating Information Services of

India Limited (CRISIL)

Investment Information and Credit

Rating Agency ofIndia (ICRA)

Credit Analysis & Research Limited

(CARE)

Duff & Phelps Credit Rating India

Private Ltd. (DCR India)

Indonesian credit rating

agencies

P.T.PEFINDO Credit Rating Indonesia

P.T. Kasnic Credit Rating Indonesia

Japanese credit rating

agencies

Japan Credit Rating Agency, Ltd.

(JCR)

Mikuni & Co., Ltd.

Rating andInvestment Information,

Inc. (R&I)

8/6/2019 Corporate Culture Presentation

14/26

EXTERNAL STAKEHOLDERS

GovernmentCredit Rating

Agencies

Financial

regulatory

authorities

Media

Competitors

8/6/2019 Corporate Culture Presentation

15/26

Building a relationship

Caste system

- extremely hierarchically business structured

- authoritarian style of management

- less staff initiatives

Time is flexible

English is one of the official languages

INDIAN-SUBCONTINENT BUSINESS

CULTURE

8/6/2019 Corporate Culture Presentation

16/26

INDONESIAN BUSINESS CULTURE

Extremely hierarchical business structure

- managers allocate tasks and making decisions

- less staff initiatives and proactive thinking

Priority- show respect to seniority

- avoid losing face

Relationship is the key issue

Low competence in English usage

8/6/2019 Corporate Culture Presentation

17/26

JAPANESE BUSINESS CULTURE

Hierarchy structure is ranked on responsibilities andbased on consensus rather than the top-downdecision making process

Information flow on the bottom-up structure

Encourage group orientation and teamworking

Relationships should come before business

Punctuality is very important

Low competence in English usage

8/6/2019 Corporate Culture Presentation

18/26

PROPOSALS FOR A

COMMUNICATION STRATEGY

WITH INDONESIAN OFFICE

8/6/2019 Corporate Culture Presentation

19/26

All communication channel should be translatedinto Indonesian language

The usage of company email in communicatingbetween home office and overseas

Important announcements or memorandum fromthe home office should only be forwarded to

Indonesian senior managements

Annual meeting with each type of internalstakeholders

INDONESIAN INTERNAL STAKEHOLDER

8/6/2019 Corporate Culture Presentation

20/26

Build continuous relationships with major

external stakeholders by providing

company report on a regular basis

INDONESIAN EXTERNAL STAKEHOLDER

8/6/2019 Corporate Culture Presentation

21/26

PROPOSALS FOR A

COMMUNICATION STRATEGY

WITH JAPANESE OFFICE

8/6/2019 Corporate Culture Presentation

22/26

All communication channel should be translated

into Japanese language

Set up weekly group meeting to improve groupcooperation level information can be shared and

ideas can be generated and brought up to the top

managements very quickly

Any updated information from the home office

can be forwarded to every members of staff by

company email

JAPANESE INTERNAL STAKEHOLDER

8/6/2019 Corporate Culture Presentation

23/26

8/6/2019 Corporate Culture Presentation

24/26

Email, company update letter or meeting can be

arranged with the stakeholders to provide thecompanys progress and to maintain the

relationship

JAPANESE EXTERNAL STAKEHOLDER

8/6/2019 Corporate Culture Presentation

25/26

CONCLUSION

8/6/2019 Corporate Culture Presentation

26/26

PRESENTED BYGROUP 5

1. Ms.Rukhsana Habib 1245596

2. Ms.Hetel Patel

3. Mr. Ashar Ali Shujah

4. Mr.Ismail Khan 12713345. Ms. Waranya Vattapakdee 1273463