Cultural factors affecting business development

Overview[ edit ] Definitions of complexity often depend on the concept of a confidential " system " — a set of parts or elements that have relationships among them differentiated from relationships with other elements outside the relational regime.

Cultural factors affecting business development

Cultural Factors affecting Consumer Behaviour Cultural Factors affecting Consumer Behaviour Consumer behaviour deals with the study of buying behaviour of consumers.

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Consumer behaviour helps us understand why and why not an individual purchases goods and services from the market. There are several factors which influence the buying decision of consumers, cultural factors being one of the most important factors.

What are Cultural Factors? Cultural factors comprise of set of values and ideologies of a particular community or group of individuals. In simpler words, culture is nothing but values of an individual. What an individual learns from his parents and relatives as a child becomes his culture.

Example - In India, people still value joint family system and family ties. Children in India are conditioned to stay with their parents till they get married as compared to foreign countries where children are more independent and leave their parents once they start earning a living for themselves.

What they see from their childhood becomes their culture.

Cultural factors affecting business development

Let us understand the influence of cultural factors on buying decision of individuals with the help of various examples. Females staying in West Bengal or Assam would prefer buying sarees as compared to Westerns.

Similarly a male consumer would prefer a Dhoti Kurta during auspicious ceremonies in Eastern India as this is what their culture is. Girls in South India wear skirts and blouses as compared to girls in north India who are more into Salwar Kameez.

Our culture says that we need to wear traditional attire on marriages and this is what we have been following since years. Religion Christianity, Hindu, Muslim, Sikhism, Jainism etc A Hindu bride wears red, maroon or a bright colour lehanga or saree whereas a Christian bride wears a white gown on her wedding day.

It is against Hindu culture to wear white on auspicious occasions. Muslims on the other hand prefer to wear green on important occasions.

For Hindus eating beef is considered to be a sin whereas Muslims and Christians absolutely relish the same. Eating pork is against Muslim religion while Hindus do not mind eating it.

A sixty year old individual would not like something which is too bright and colorful. He would prefer something which is more sophisticated and simple.

On the other hand a teenager would prefer funky dresses and loud colours.

Social Factors Affecting Business

In India widows are expected to wear whites. Widows wearing bright colours are treated with suspicion. Status Upper Class, Middle class and Lower Class People from upper class generally have a tendency to spend on luxurious items such as expensive gadgets, cars, dresses etc.

You would hardly find an individual from a lower class spending money on high-end products. A person who finds it difficult to make ends meet would rather prefer spending on items necessary for survival. Individuals from middle class segment generally are more interested in buying products which would make their future secure.

Males are perceived to be strong and tough who look good just the way they are.Social and cultural factors affecting business include belief systems and practices, customs, traditions and behaviours of all people in given country, fashion trends and market activities influencing actions and decisions.

Socio-cultural perspective is one of the most important factor influencing decision of marketing managers and strategic goals . First, in the area of information systems development, the most common consideration about project success is scope success (Agarwal and Rathod, ).In this type of project, many small changes are expected to be decided upon during the execution of the project.

Complexity characterises the behaviour of a system or model whose components interact in multiple ways and follow local rules, meaning there is no reasonable higher instruction to define the various possible interactions.. The term is generally used to characterize something with many parts where those parts interact with each other in multiple ways, culminating in a higher order of emergence.

The nature of the business also affects the culture of the organization. Stock broking industries, financial services, banking industry are all dependent on external factors like demand and supply, market cap, earning per share and so on. Cultural factors are one of the most important factors that influence the buying decision of consumers.

Cultural factors comprises of the set of values of a particular community or a group of individuals. Cultural Factors Affecting Business Development. As with most international products and services decisions an organisation can either adapt or standardise their promotional strategy and message - Cultural Factors Affecting Business Development introduction.

Basic marketing concepts inform businesses that they will sell more of a product if they .

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