Operations Setup in Bangkok, Thailand for CRCC Asia's New Global Internship Program
Tran, Mi (2019)
Tran, Mi
2019
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019112823083
https://urn.fi/URN:NBN:fi:amk-2019112823083
Tiivistelmä
This research was part of the project finalising a new location for CRCC Asia’s global internship program. Among a couple of potential destinations for the operations setup plan, Bangkok - Thailand was assigned to the author with the concentration on setup requirements, processes and costs of immigration, staffing, office setup and entity setup.
The research was conducted by adopting “exploratory sequential mixed-methods” in which the author first began by exploring business environment and operations setup processes with qualitative data and analysis, using semi-structured methods such as focused interviews, archival researches and narrative inquiries. Findings and grounded theories generated from the first phase were then interpreted in a second quantitative phase using more highly structured methods to quantify variations. Secondary data included CRCC Asia’s sources of information, books, articles, online newspaper and other Internet sources. Primary data were obtained by initiating personal communications with selected service providers, and by conducting interviews with two Thai nationals and two foreign expatriates in Thailand.
The outcome of the research comprises detailed explanation, requirements, lists of service providers, comparisons among options, price quotations and cost analyses on the four main subjects: immigration, staffing, office setup, and entity setup. Besides, the author also added more depth to the thesis by providing an overview of macro-environment and business culture, remarking elements that might affect doing business in the Kingdom. The research results did support the idea that Bangkok is a potential location for CRCC Asia’s new internship program. Operations setup processes and requirements seemed to be relaxed, especially in terms of policies and cost rates. In overall, the initial costs for operations setup in Bangkok were estimated at minimum US$110,000 exclude costs of program components. On the cultural side, Thai people are welcoming and it suggested that cultural adaptation would not be difficult.
However, Thailand’s ongoing political, infrastructural, and environmental issues could be argued to hold this plan back from feasibility. Also, the economy has been slowed down for a while compared to other developing countries in Asia; and the room for growth did not seem to be as favourable and attractive as it should have been. Other than that, it would be less of a pain if CRCC can build connections with the government and influencers who can help promote the company in the Kingdom beforehand.
The research was conducted by adopting “exploratory sequential mixed-methods” in which the author first began by exploring business environment and operations setup processes with qualitative data and analysis, using semi-structured methods such as focused interviews, archival researches and narrative inquiries. Findings and grounded theories generated from the first phase were then interpreted in a second quantitative phase using more highly structured methods to quantify variations. Secondary data included CRCC Asia’s sources of information, books, articles, online newspaper and other Internet sources. Primary data were obtained by initiating personal communications with selected service providers, and by conducting interviews with two Thai nationals and two foreign expatriates in Thailand.
The outcome of the research comprises detailed explanation, requirements, lists of service providers, comparisons among options, price quotations and cost analyses on the four main subjects: immigration, staffing, office setup, and entity setup. Besides, the author also added more depth to the thesis by providing an overview of macro-environment and business culture, remarking elements that might affect doing business in the Kingdom. The research results did support the idea that Bangkok is a potential location for CRCC Asia’s new internship program. Operations setup processes and requirements seemed to be relaxed, especially in terms of policies and cost rates. In overall, the initial costs for operations setup in Bangkok were estimated at minimum US$110,000 exclude costs of program components. On the cultural side, Thai people are welcoming and it suggested that cultural adaptation would not be difficult.
However, Thailand’s ongoing political, infrastructural, and environmental issues could be argued to hold this plan back from feasibility. Also, the economy has been slowed down for a while compared to other developing countries in Asia; and the room for growth did not seem to be as favourable and attractive as it should have been. Other than that, it would be less of a pain if CRCC can build connections with the government and influencers who can help promote the company in the Kingdom beforehand.