As a Thai entrepreneur who imports from a Chinese manufacturing company, you
need to explain the main cultural differences between Thailand and China to your
management staff, according to the GMP Group recommendations (separate file):
“Understanding Asian and European Business Culture”
Please tell us, what you would do according to this article:
1. How do you understand the cultural differences between Chinese and Thai
businesses?
2. What does it take for a Thai company to make a business deal with a Chinese
company?
a. Meeting etiquette
b. Agreements / contracts
1. To understand the cultural difference
between China and Thailand, or any two cultures, one needs to learn
new concepts of time, space, values and attributes.
What it means is that some cultures values being on time more than
others, some give more or less personal space. Some cultures also
have values that are very different from other countries. We will
have to understand these differences between Chinese and Thai
culture to understand the cultural difference.
2a. The first step is to be on time. The
Chinese value the importance of being on time.
Next, it is important to learn proper greetings. Nodding and
handshakes are popular, but one must wait for the Chinese to do it
first.
Exchange of card should be done by both hands in China.
Except a few provinces, business Breakfasts are usually not
prominent in China. Business lunches have grown in
popularity.
Sitting etiquette in China dictates that the most important person
sits at the center and then everyone sits in order of
hierarchy.
2b. In Chinese cultures, the meaning and spirit of
the agreement is more important than the exact word, so one should
make sure that the idea behind a particular clause, and the whole
agreement generally, has been incorporated-rather than exact
specific words and sentences. There should be no conceptual
disagreements between the 2 parties.
As a Thai entrepreneur who imports from a Chinese manufacturing company, you need to explain the...
Subject: Global Business Example: American business culture is very different from Chinese business culture. Firstly, the Chinese seek to build trust and long-term relationships rather than merely to seek out immediate opportunities. Americans accustomed to constant networking may not be sensitive to this. Additionally, you should follow Chinese business etiquette when at a business meeting with Chinese business people. Businessmen and businesswomen are expected to dress conservatively in dark or neutral colors, and women's apparel should be modest. You should...
Hi can you help me make a summary about this short article and how it affects me economically as US ciizen ? US-China Trade Talks Wrap Up After Extending To Third Day Facebook Twitter Flipboard Email January 9, 20196:39 AM ET Matthew S. Schwartz Twitter U.S. and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were "going very well!" Oliver Zhang/AP After extending to an unexpected...
In mid-2005 Gunawan Wiboto (Gunawan), an ethnic Chinese Indonesian entrepreneur and founder of the Ramayana Group, decided to build a steel mill incorporated as a new company: PT Hanuman Steel. His team began the search for an experienced engineering consultant for the project. The company approached several consulting firms reputed for their engineering services. The difficulty, as they quickly discovered, was finding a consultant who believed they could do it their way and be successful. The required services fell into...
Is anyone help me this question? CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption is a fact of lifie in China. In fact Transparency Interna-fo travel to cash or gifts. (This was especially true when few tional, a German organization that applies its Corruption PerceptionPRC officials had been abroad.) As a result, traders report that Index (CP) globally. rates China with a CPl of 3.6 and is number dangling foreign trips in fromt of their PRC clients has...
Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...
Explain how the below key concept are linked to this case (i.e. how the key concepts you have learned in this topic is applied in this case study?) Culture and Cross-Cultural Risk Culture is the values, beliefs, customs, arts, and other products of human thought and work that characterize the people of a given society. Cross-cultural risk arises from a situation or event in which a cultural misunderstanding puts some human value at stake. Values and attitudes are shared beliefs...
Hi cam you help me make a summary about this short article, and how it affects me economically as US citizen? Trump Has Promised to Bring Jobs Back. His Tariffs Threaten to Send Them Away. By Peter S. Goodman Jan. 6, 2019 HOLLAND, Mich. — Plants in every direction shut down and moved their operations to Mexico, succumbing to the relentless pressure to cut costs in an age of globalization. Not EBW Electronics. As the decades passed, the family-owned business...
can someone please help me with an introduction paragraph and a summary of the whole article. us. Trump Didn't Kill the Global Trade System. He Split It in Two. Allies find relations modestly tweaked despite the president's rhetoric, while relations with China are entering a deep freeze By Greg Ip Dec. 26, 2018 1136 am. ET When Donald Trump entered the White House on a platform of defiant nationalism nearly two years ago, many feared he would dismantle the global...
Carlsberg in Emerging Markets A breeze of optimism blew through the office of Carlsberg A/S’s CEO, Jørgen Buhl Rasmussen. After finally gaining 100 percent control over the giant Russian brewery Baltic Beverages Holding (BBH), and with the investments in Western China beginning to bear fruit, the newly appointed CEO was confident that the Danish brewing company’s intensified focus on emerging markets would pay off. The company was counting on tapping the massive potential in emerging markets in order to achieve...
What was Novartis ́ main challenge in managing talent in China? Novartis case . Global Talent Management at Novartis I do not know how to post the PDF case? cloud you tell me how to give the case Sourcing Talent Globally The company was actively involved in sourcing talent from increasingly dispersed locations. Managers were encouraged to keep an updated list of leadership talent. In addition, the company 7 708-486 Global Talent Management at Novartis had recently expanded its hiring...