Exploring the Keys to Successful Cross-cultural Partnerships: Uncovering the Essential Components that Enhance or Hinder Fruitful Joint Ventures and Collaborations Between Entrepreneurs from the Uk and India

Gayatri Panda

doi:10.36948/ijfmr.2024.v06i02.15949

Exploring the Keys to Successful Cross-cultural Partnerships: Uncovering the Essential Components that Enhance or Hinder Fruitful Joint Ventures and Collaborations Between Entrepreneurs from the Uk and India

Author(s)	Gayatri Panda
Country	United Kingdom
Abstract	In the past few years, there has been a big rise in the number of relationships and agreements between businesses in India and the UK. But the results of these cross-cultural projects are very different. Some are huge successes, while others have a hard time. The purpose of this study paper is to find the cultural factors that affect the behaviour and productivity of business ties between the UK and India in a good or bad way. The first part of the paper sheds light on well-known cultural aspects theories, like Hofstede's model, to look at and compare the core values of Indian and UK cultures. It is made clear how the two countries' cultural values are very different. A qualitative exploratory research methodology was employed. Secondary research was conducted analysing scholarly literature on cross-cultural management, cultural dimensions theories, and case studies of real-life UK-India partnerships. What should be done is suggested based on the results. To have long-lasting partnerships with people from other countries, they need to learn about each other's cultures by getting to know each other, being open and flexible, and always learning. The study's result is that companies can do well in different countries by overcoming the challenges that come with their differences and working to be culturally competent.
Keywords	Cultural intelligence, Cross-cultural partnerships, Flexibility, Cultural intelligence, Cultural competence, Transparency, Joint Venture
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-01
Cite This	Exploring the Keys to Successful Cross-cultural Partnerships: Uncovering the Essential Components that Enhance or Hinder Fruitful Joint Ventures and Collaborations Between Entrepreneurs from the Uk and India - Gayatri Panda - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.15949
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.15949
Short DOI	https://doi.org/gtpw9b

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Exploring the Keys to Successful Cross-cultural Partnerships: Uncovering the Essential Components that Enhance or Hinder Fruitful Joint Ventures and Collaborations Between Entrepreneurs from the Uk and India

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