• Home
• Qna
• Question : Comprehension: Read the given passa ...

Question : Comprehension:

Read the given passage and answer the questions that follow.

Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.

Question:
What are the weaknesses of traditional Indian firms?

Option 1: Ingrained ways of thinking and adoption of modern practices of management

Option 2: A weakness for quick profit and the openness to acquiring wealth

Option 3: A lack of team work and the cut-throat competition

Option 4: A lack of team work and a weakness for quick profit