CHIN) 5A a China + India= Chindia (Title of the book written by “Pete Engardio” 4 Main causes behind economic gap are: 4 Structure of govt. o Business culture a Similarities also like high economic growth rates and own huge labor markets.COMPARISON BETWEEN INDIAN AND CHINIES MANGEMENT STYLE RRR Management Style a Management styles are group of principles that any firm can follow as a part of their management policy to garner maximum output from its employees and grow collectively as a team. a Every management style is unique and some people may respond positively to a management style whereas some may not perform effectively for the same management style. aBUSINESS CULTURE TS Cele iF. INDIA Businessmen emphasize on —»_ The technology, research their "relations" with other and development businessmen and govt. professionals and business officials. Their business managers have more depends on the strength of avenues to success . In their "relations" with these India, "relations" are not powerful people. the only reason for success. eZDECISION MAKING TS CHINA INDIA QHierarchy is followed. CO) The decision is made only by the key people at the top of the organization. Q) Decisions may take a long time, as they require careful review and consideration. Qi Team decision is followed. Q) Decisions are reached by the person with the most authority. C) Delays are to be expected, especially when dealing with the covernment.MANAGEMENT MATURITY TS Ces tir. INDIA © Shortage of middle- and ) Strong project management senior managers with skills and continues to experience managing client invest in initiatives to expectations, leading large strengthen middle teams, and communicating management capabilities. with customers. wzTRANSPARENCY TS Cel TiN PAN INDIA © Outsourcers in China are 4 Outsourcers in India tend not transparent, which to promote transparency makes business operation with customers, in as much difficult. as true openness is ever a part of an outsourcing deal. eZSIGNING ON THE DOTTED LINE TS CHINA INDIA © China only recently moved © India has a strong tradition away from trading of private contracting and agreement forms to more enforcement, similar to mature contracting leading global providers capabilities. wzSUPPLIER BASE — CHINA INDIA © Market is fragmented and © Robust and competitive dominated by small to mid- provider legion of Indian- size suppliers. owned , publicly held suppliers and large local operations of global providers. BezDIFFERENCES IN ECONOMIC GROWTH PATTERNS I Cols TIL FAN INDIA © Depends on state-owned © Small and medium-sized enterprises and banks . private enterprises are the main life stream of Indian economy. © Strong intervention from the government. o Very less intervention of govt.EASE OF BUSINESS CHINA INDIA © Keep the communist party © India, slow moving happy all the democracy, normally takes administrative and legal a higher moral ground and hassles can be taken care allows the law to take its of, even during legal cases. own course, detrimental to business from eZLEGAL SYSTEM TS CHINA INDIA © Derived from Soviet and © For Western continental legal principles; customers, India's legal It is complex, and system is familiar-a inconsistently enforced. British-based common law system with an independent judiciary. weeWAGE INFLATION — Cele TF.N INDIA © China's wage inflation has © India continues to been low thus far. experience strong upward pressure on salaries wzLABOR FORCE I CHINA INDIA © China boasts 813.5 million © India's 467 million and workers and 4.3 percent 10.7 percent unemployment unemployment. BeezCURRENCY RISK IS Cele TMF. INDIA © Strong, but does not float © A strong India rupee stills despite increasing pressure. erodes the margins of Indian businessman.INFRASTRUCTURE I CHINA INDIA © Major investments in a ©. India's infrastructure is modern transportation weak and has not kept pace system, power with economic growth. supply, telecommunication s, and high-speed broadband. weeCONCLUSION 4 So, after looking upon these differences of management approach, we can conclude that India is going to overtake Chinese economy in near future if it improves some sector like infrastructure, legal system and structure of govt. =)v\, a caSUBMITTED BY: SS oa MAYANK KUMAR MBA 15" YEAR (A) og MAHESH SHERKHANE 5 HESHENA SEMA 8 LAV KUMAR g UDAY DOYAL