In today’s world, corporate social responsibility (CSR) is a vital part of Indian business etiquette. However, many corporate leaders are not aware of CSR and the importance of etiquette in Indian business meetings. To understand the Indian culture and the nuances of corporate etiquette, read on. This article provides essential information for Indian business etiquette.
Corporate Social Responsibility (CSR) as a part of Indian business etiquette
CSR is becoming mandatory in India. Companies must discharge their social responsibility by investing a certain percentage of their profits in areas such as poverty relief, education, and rural development. According to recent research, companies have a good track record of complying with these guidelines. The rate of compliance has increased steadily in recent years and is expected to reach 97-98% by 2020. The Indian government has also made CSR a part of its business etiquette.
The role of business in society has changed in the country. Before, companies were family-run and often only managed by family members. Today, many large companies are non-family-run and are not limited to the profit-generating activities of the family. Nehruvian social responsibility, associated with India’s first prime minister Jawaharlal Nehru, has given way to contemporary CSR practices in the country.
Etiquette for corporate meetings
There are some important considerations when it comes to etiquette during corporate meetings in Indian society. First, make sure to introduce yourself and your company in a formal manner. Indian business culture is very formal, which means that you should use “Sir” or “Madam” when you greet someone. Using “Ji” or “Namaste” as a prefix for senior people is a common practice, but it may not be appropriate.
Also, remember that Indians are not known for being direct communicators. As such, they tend to use indirect methods of communication and will not be receptive to aggressive tactics. During a business meeting in Indian society, you should start the conversation by asking questions about their family members, business partners, or potential clients. It is important to remember that Indian decision-making tends to be slow, so avoid any public disagreements with your negotiating team.