Global Business Cultural Analysis: Singapore

5448 words 22 pages
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Global Business Cultural Analysis: Singapore
Business 604 B22-International Business

Abstract
This research paper will conduct a comprehensive Global Business Cultural Analysis of the nation of Singapore. The paper will point out the complexities of the relationship the US should consider before deciding to conduct business in Singapore. The analysis will explore the major elements and dimensions of Singapore’s culture, how these elements and dimensions are integrated by locals conducting business in the nation of Singapore, how these factors compare with US culture and business, and address implications for US businesses that wish to conduct business in Singapore. …show more content…

Most of the schools in Singapore teach English as the first language. These two factors create a favorable advantage to doing business in Singapore. With Singapore’s port being one of the busiest in the world, English teaching and English speaking has proven to be a positive factor in conducting business. A business partner, with good English speaking background has very little difficulty in communicating with locals. Another positive factor besides Singapore’s multilingual background is its multi-ethnic blend. Ethnic Chinese people speak both Mandarin and English. This enables them to have access to the Chinese market. And it’s easier for importers, exporters and investors to do business with ease. Ethnic Indonesian speaking people provides better access to the market in India. Singapore may be a small country but its diverse culture help to create a country that is able to thrive in a very competitive market. When considering doing business with them, note a few characteristics that are important aspects of completing business successfully. Non-verbal communication is just as important as verbal. Singaporeans rely on facial expressions, tones of voice, and posture when interacting with a business partner. And they really trust these non-verbal messages. Singaporeans rather say “I will try” or “I will see what I can do” rather than say “no.” This is what they

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