Asia, with its fast economic development, is becoming a favorite and potential investment destination for many entrepreneurs and institutions. While global economic powers like China, Japan, India, and South Korea continue to thrive, countries such as Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Sri Lanka are on the path to long-term and stable growth.
[img]http://vnmanpower.com/upload_images/images/Blog/billionaire.jpg[/img]
Their charming culture and people may inspire you to consider expanding or starting up your business. What do you need to know and prepare?
Culture Differences
Undoubtedly, every country has its own interesting culture, which can sometimes seem strange to others. However, taking the time to discover the culture of the country where you want to do business is necessary. You can find a common model for local customers and potential partners. Don’t try to change them; instead, adapt your company to suit them.
Another mistake some foreign companies make is treating all of Asia as one country, thinking, "We’ll do business the same way in Indonesia as we do in Japan or China." If that thought has ever crossed your mind or if that’s what you’re doing now, failing to respect the cultural differences of each country will, sadly, lead to paying the price sooner or later.
Local Employees Who Understand the Language
English is the second language in many Asian countries, but it can still be an obstacle when starting up here. Planning to hire staff who can easily communicate with you and local customers, as well as deeply understand the culture, will boost your success rate.
[img]http://vnmanpower.com/upload_images/images/Blog/Apple-Employees.jpg[/img]
Apple Launches New Program to Encourage Employees to Volunteer in Local Communities
Showing Your Commitment
Expressing a strong commitment to long-term relationships with your business partners, whether in prosperous or difficult times, is a key element of success. Most Asian people have a strong sense of loyalty to individuals and communities, which creates a good company image and builds trust and confidence with your customers.
[img]http://vnmanpower.com/upload_images/images/Blog/commitment.jpg[/img]
China is a striking illustration; trust lies at the core of all relationships, and it is critical given that guanxi is regarded as the key to unlocking profitable and highly productive business dealings.
Source: Tips for the Successful Business in Asia
From Vietnam, Hanoi
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25[img]http://vnmanpower.com/upload_images/images/Blog/billionaire.jpg[/img]
Their charming culture and people may inspire you to consider expanding or starting up your business. What do you need to know and prepare?
Culture Differences
Undoubtedly, every country has its own interesting culture, which can sometimes seem strange to others. However, taking the time to discover the culture of the country where you want to do business is necessary. You can find a common model for local customers and potential partners. Don’t try to change them; instead, adapt your company to suit them.
Another mistake some foreign companies make is treating all of Asia as one country, thinking, "We’ll do business the same way in Indonesia as we do in Japan or China." If that thought has ever crossed your mind or if that’s what you’re doing now, failing to respect the cultural differences of each country will, sadly, lead to paying the price sooner or later.
Local Employees Who Understand the Language
English is the second language in many Asian countries, but it can still be an obstacle when starting up here. Planning to hire staff who can easily communicate with you and local customers, as well as deeply understand the culture, will boost your success rate.
[img]http://vnmanpower.com/upload_images/images/Blog/Apple-Employees.jpg[/img]
Apple Launches New Program to Encourage Employees to Volunteer in Local Communities
Showing Your Commitment
Expressing a strong commitment to long-term relationships with your business partners, whether in prosperous or difficult times, is a key element of success. Most Asian people have a strong sense of loyalty to individuals and communities, which creates a good company image and builds trust and confidence with your customers.
[img]http://vnmanpower.com/upload_images/images/Blog/commitment.jpg[/img]
China is a striking illustration; trust lies at the core of all relationships, and it is critical given that guanxi is regarded as the key to unlocking profitable and highly productive business dealings.
Source: Tips for the Successful Business in Asia
From Vietnam, Hanoi
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