Business Environment in Singapore
Polevikova, Maria (2013)
2013
Julkaisun pysyvä osoite on
http://urn.fi/URN:NBN:fi:amk-201305087107
http://urn.fi/URN:NBN:fi:amk-201305087107
Tiivistelmä
The purpose of the research was to find out which kind of experience Finnish companies have in Singapore. In addition, the task was to determine the main advantages and disadvantages of doing business in Singapore and which kinds of cultural difficulties Finnish companies encounter in Singapore and how they can eliminate them.
In the theoretical part of the study the first issue was to find out the main advantages and disadvantages of Singaporean business environment. Secondly, the study of Singaporeans’ lifestyle took place. The information was gathered from literature, Internet and articles. The empirical part was done by interviewing two Finnish employees who are working in Singapore in different Finnish companies.
The results of the study show that the advantages which were formulated in the theoretical part of the report were supported by the interviewees’ experiences. Only one disadvantage was supported by the empirical part. Finnish companies need to study aspects about Singapore such as business etiquette, the way power is used and perceived, different negotiation styles, public holidays, legislation system, mindset of local people and cultural diversity in the country. Further research is required to study the market entry model for Finnish companies to Singapore.
In the theoretical part of the study the first issue was to find out the main advantages and disadvantages of Singaporean business environment. Secondly, the study of Singaporeans’ lifestyle took place. The information was gathered from literature, Internet and articles. The empirical part was done by interviewing two Finnish employees who are working in Singapore in different Finnish companies.
The results of the study show that the advantages which were formulated in the theoretical part of the report were supported by the interviewees’ experiences. Only one disadvantage was supported by the empirical part. Finnish companies need to study aspects about Singapore such as business etiquette, the way power is used and perceived, different negotiation styles, public holidays, legislation system, mindset of local people and cultural diversity in the country. Further research is required to study the market entry model for Finnish companies to Singapore.