How Culture Is Followed In Different Economics : 1.Technology is not used in traditional economies.

Traditional Economy

2. Economic activities are usually centered toward the family or ethnic unit. 3. Examples of economies with this type of culture are Malawi and Ivory Coast in Africa and Burma in Asia.

Command Economy

1. Businesses are competition free and not run to create a profit. 2.Consumers have few choices in the market place and Shortages are common because of poorly run factories . 3. Examples of command economies are The Peoples Republic of China, North Korea and Cuba. 1. Individual freedom is considered very important 2. Economic decisions are made by the basic principals of supply and demand. 3. There is competition among businesses and Competition determines price which increase the quality of the product. 4.Examples of market economy are U.S.A., U.K. and Canada. 1.Both government and Individuals own means of production. 2.But govt. protects consumers and workers from unfair policies. 3. Most effective economy for providing goods and services 4.Examples of this economies are India ,Mexico and South Africa.

Market Economy

Mixed economy

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Authority and Accountability In Bosch- India, BoschU.S. and Bosch- China

Comparison of Bosch India Bosch U.S.

Bosch China

Significantly Leadership style is Leadership style drives a directive very flexible, open mostly resembles leadership style. and individualistic. an autocratic style.

Authority

Subordinates are Subordinates are Subordinates are made known to viewed as treated solely as the nature of generators of information givers decision problem. alternative courses of action or of solutions. Due to either large principle of fixed size and scope of and official the company jurisdictional number of bureaucracy is areas, which are reporting systems inevitable here alsogenerally ordered but no strict and and there is proper by rules or specific supervision of the administrative administrative lower offices by theregulations. rules. higher ones.

Accountabil High level of and bureaucracy ity there are high

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Responsibility and Delegation In Bosch- India, BoschU.S. and Bosch- China.

Bosch India Bosch U.S. Bosch China

Responsibi Responsibility of Responsibility is subsidiaries are given for lity mostly of operativedepartments such

Responsibility of subsidiaries are mostly of operative quality and as Research and quality and quantity quantity and not in Development and and not in global purchase and corporate Identity. decisions of global external affairs. expansion. Strategic departments such routine operating as Research and decisions but not Development, for taking Corporate Identity strategic decisions. etc. are delegated . to some specific subsidiaries. Authority is delegated for routine operating decisions like personal sales , accounting but not for taking strategic decisions in terms of production.

Delegation Authority is delegated for

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Power In Bosch- India, Bosch- U.S. and BoschChina

Bosch India Bosch U.S. Bosch China

Power

Power is centralized in German based Office and is dictated to Indian Headquater.

For operating From the decisions power isperception of decentralised but third parties to retain the objectively they authority to make have authority to strategic meet clients, but decisions, power subjectively they is centralised in wait for a Germany. decisions to be taken from German Office .

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THE END

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