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Cultural attitudes and differences still exists in this globalized economy. Premonitions like "Indians are poor" are the basis of western businesses misjudging
by reacharavindh 10y ago
Cultural attitudes and differences still exists in this globalized economy.
Premonitions like "Indians are poor" are the basis of western businesses misjudging the markets in developing nations. Get out of your cocoon if you want to develop your business internationally. US is not the world.
It is true that Indians(including myself) are value minded. You need a different business model that caters to a higher volume than looking gor higher margins. But, saying Indians and Spanish are poor so I won't focus on them is just naive. You could instead say - "I don't want my business, in a low-margin market like India because I don't know how to make money there." and that is understandable.
- sortaThrowaway 10y agoDid you read the story? This is an alleged comment made in a private mtg in 2015. When in private do you make full statements with nuance every time you speak?
- reacharavindh 10y agoI did read the story, and the fact that he said it in 2015 doesn't matter to what I opined. I'm not crying out loud that someone said something bad about the country I was born in. I'm just sharing my opinion in a forum of hackers (who could end up running businesses in India) that businesses work differently in India, and that a CEO of a billion $ startup would be just naive to not realize that and word his views accordingly. If I say something that misses the point entirely, I expect my friends to just tell me, I'm wrong, and also tell me why. That's what I intended to do. Albeit publicly.