Thailand is a country located in Southeast Asia with a population of approximately 65 million. It was once a European colony, but later freed itself to later become the Kingdom of Thailand. Majority of its people are Thai, while the rest from other countries of Asia and the world. Having a long coastal strip and warm tropical climate, it has managed to be a good tourist destination for people around the world (Leppert, 2001). The Thai people are often productive and hardworking as they believe that a person is supposed to enjoy his or her life. They too possess a cultural heritage which they are proud of.
Thais have a pro-business attitude and usually are slow in making decisions. They prefer passing the decision through various levels before making a final decision. Usually the top management in most businesses is often a family. They believe that when conducting a business, how influential or powerful a person is important to them. During the first business meeting, good humor, some smiles, and polite conversation whisks the day off. Thais prefer the second meeting to include a meal invitation and proper etiquettes ought to be observed. Usually, meetings begin with various small talks, as it is regarded as impolite moving to discuss business before knowing each other. When conducting negotiations with them, they may sometimes be lengthy based on their decision making process. They usually take time to go over the content before coming up with a decision (Leppert, 2001). Sometimes the slow information flow may cause delay in discussions. Furthermore, Thais prefer working late rather than early morning. They also like to keep business separate from work and always their families come first before business. When asked vital questio...
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...k Chia when he comes back to North Carolina offering Chi Nei Tsang a.k.a. Deep Organ Massage. There are over 300 YouTube videos which are available online by Grand Master Mantak Chia. Here is a link to his health resort for your review: http://tao-garden.com/
References
Leppert, P. A. (2001). Doing Business with Thailand. New York: Jain Publishing Company.
Oxford. (2012). The Report: Thailand 2012. New York: Oxford Business Group.
UN. (2009). Guide to Business Process Analysis to Simplify Trade Procedures. New York: United Nations Publications.
References
Leppert, P. A. (2001). Doing Business with Thailand. New York: Jain Publishing Company.
Oxford. (2012). The Report: Thailand 2012. New York: Oxford Business Group.
UN. (2009). Guide to Business Process Analysis to Simplify Trade Procedures. New York: United Nations Publications.
With globalization in full force nowadays, it is crucial for a businessperson working in the international setting to understand how business practices vary in different countries. Showing the understanding of other cultures and showing an effort to adapt to their business customs can make or break any negotiation. In order to ensure success during meetings and presentations, this short guide will outline the main aspects and differences between the United States’ and Japanese business practices with regards to the business attire, meetings and negotiations, salaries and benefits and finally the popular careers in Japan.
In today's competitive marketplace, all firms are seeking ways to improve their overall performance. One such method of improvement, recently adopted by many firms, is benchmarking. Benchmarking is a technique used to evaluate internal business processes. "In this analysis, managers determine the firm's critical processes and outputs, baseline those processes, then compare the performance of each process against a standard outside the industry" (Bounds, Yorks, Adams, & Ranney 1994). To effectively improve a business process to world-class quality, managers must find a firm that is recognized as a global leader, not just the industry standard. Successful benchmarking requires tailor-made solutions, not just blind copying of another organization. Measurement and interpretation of data collected is the key to creating business process solutions.
Academic Consortium on International Trade (2000) Letter to Presidents of Universities and Colleges. Available at: http://www.spp.umich.edu/rsie/acit/ [Accessed 1 April 2014]
Bjerke, Juel M. "Week 2 Lecture Notes - Achieving Business Process Excellence and Process Re-engineering." MFGO 601 - The Globally Integrated Manufacturing Company. 2 Nov. 2011.
The rest of the book is spent discussing each of the countries in detail. For each country the authors give a brief explanation of the history of the culture. Then they give tips on what each country expects from a visiting businessman. This includes tips on whether or not it is okay to be late for meetings, proper behavior during a business lunch or dinner, and how to properly address people you come in contact with during your business trip. They also give a guide t...
*** Common sense is an important attribute to have wherever you are in the world. Much of what you need to know and remember while in Thailand or anywhere is common sense. For some reason though, common sense is one of the first things men forget when they come to Thailand. The words of wisdom in this chapter can be applied just anywhere in the world. While I am certain those reading (and writing) this book are well endowed with common sense, nevertheless, I suggest you read it anyway. If one of these items jogs your memory at a later date, it might very well save you time, money, or your life.
... and unique as those you might find in Germany or India." The Brazilian way of doing business, companies follow the norm of the society listed below. (See Figure 2.) Meeting times though affirmed are obviously flexible, "meetings start late and finish even later" in most cases. The initial meeting will be the most formal, it is customary to, "to shake hands with everybody present on arrival" and have "small talk before the meeting proper starts" to foresee a level of interest for investment. In settling on business decisions, never expect the person whom you’re speaking with to, "be in too much of a hurry to end this initial part of the meeting as the tone you set here could be important in the relationship development cycle."(WBC) Business cultures require that individuals, "Do not make yourself appear impatient or overly pushy." so patience is extremely necessary.
In the case, Marks & Spencer and Zara, it discusses two business process designs that each company took. You first had Marks & Spencer, who had a more traditional approach. Their chain started of with the buying team, design, developers, merchandisers, technologist, suppliers, logistics, and lastly the store. Zara, however, comes up with a new innovative design. With this new design in effect the delivery of new collections only has a lead-time of 5 days. They were able to cut down this time due to the fact that products where mainly produced on Galicia.
Working Group on the WTO/MAI. “A Citizen’s Guide to the World Trade Organization” (July 1999): 1-28
Slack, N., Chambers, S., Johnston, R., Betts, A.,(2009). Operations and process management: Second edition. Harlow: Pearson Education Limited
18. Rugman, Alan M. and Collinson, Simon. International Business 4th Edition. Essex : Pearson Education Limited, 2006.
The similarities and differences between the cultures of Thailand and neighboring countries. Thailand and neighboring countries in Southeast Asia. Tradition and culture are both similar and different as a result of geographic factors. Cultural roots and religion. This summary provides an overview below.
Purchasing process is the process of buying the right material, at the right quantity, at the right moment, at the right price and from the right supplier ( Heinritz et al, 1986). It can also be defined as the way an organisation behaves towards it suppliers, as suppliers are the pillar of strength for all organisations at large. According to We...
Thailand, Indonesia, and Maldives were thriving developing countries from the economic support provided by the tourism industry. The white sand beaches and lush tropical greenery found on one island could be replaced with glorious mountains and waterfalls form a short boat ride to another island. Tourism flourished because of the many interesting physical characteristics of the area. According to the CIA World Fact Book, Thailand offered its many visitors peaceful democracy and a southern isthmus known to be always hot and humid (CIA World Fact Book). Maldives present...
Based on Richard R. Gesteland book, deal-focus vs. relationship focus is one of four patterns in the cross-cultural business behavior. More than a few divergences between deal-focus and relationship-focus make both of them will be grumble while working together. Deal-focus people will go straight to the work part. Deal-focus people can be assumed as aggressive, bad-mannered, and assertive. On the contrary, relationship-focus people will concentrate in build strong relationship before jump to the work part. In addition, relationship-focus people are calmer and more flexible in doing business. The examples of countries with deal-focus culture are Australia, New Zealand, Northern Europe and North America. At the side of relationship-focus, Korea, Japan, Chine, and Taiwan are the examples. Furthermore, there will be several explanations, analysis, and recommendations related with case “Exporting to Taiwan: Guanxi in Action”.