What cultural tradition was violated by the merger of Mittal and Acelor?
A) Europeans view workers from developing countries as subordinates.
B) Indian culture asserts that women should not hold positions of authority.
C) The European culture requires more formality than the Marwari culture does.
D) The Marwari believe that it is critical for companies to maintain family ownership

Question

Quizplus · Accepted Answer

The Marwari, the community to which Lakshmi Mittal belongs, strongly believe in maintaining family ownership of their businesses. The merger with Acelor, a European company, violated this cultural tradition as it involved a loss of family control over the Mittal Steel Company.

What Cultural Tradition Was Violated by the Merger of Mittal