Global Business Cultural Analysis Essay

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Essay Title-Global Business Cultural Analysis Singapore Essay

Culture plays an important role in conducting business as the ethics and values are different across the regions and they determine the attitude and ways of business practices. So if one has to look at the business culture it is necessary to understand the culture of that particular country. When we talk about Singapore there are four communities majorly who speak these languages Mandarin Chinese, English, Malay and Tamil.

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English is the language that is commonly used for international business. And language has its own effect on any culture whether it is global or local. This language made the business culture of Singapore competitive and open for international trade. Therefore to analyze the business culture of Singapore first we have to look at the factors which impact it.

Factors which impact the business culture in Singapore

1. Expressions of Communication

In Singapore, the tone of voice, body language, and politeness in expressions matter even in business. They never say no directly which is considered rude. So in business transactions, meetings, conferences, the expressions and gestures of the parties play a significant role. Loud voice and not listening attentively is also a turn off for Singapore people as that hampers their perception about the other party. The business presentations and conversations in meeting mostly come under professional conduct as they don’t like much open friendly conversations at the time of work. The contact of eyes with an affirmation of attention is really important for them.

2. Significance of Religious outlook

Religious outlook in business seems an odd one out factor. One may think that in business what can be the importance of religious beliefs but in reality, it matters. For example, in Singapore, there are people from different religions as Buddhism, Taoism, Muslims, Christians, Hindus, and others. And in Buddhism Fengshui is important it explicitly decides the craft and architecture of the office building and articles kept there. People who belong to this religion are specific about the timings of the business meeting and the concentration of people involved in business with their wisdom. In Taoism, people take care of the energy Ying Yang and its balance. Ying Yang’s concept is always being taken care of in business transactions. For them, wastage is a sin and they believe in sustainability so they apply that in business process.

3. Significance of Values and Ethics

In Singapore the sensibility, responsibility of work, cohesive working with team and hierarchy are the important values, to be practiced in business. Take care of the welfare of the people in the concerned factor because of the values they adhere to. Conservation of the values despite different culture and religions make the business of Singapore the Shared Value Business. The belief in consensus and avoiding conflicts is of prime importance.

4. Manners and social structure

This also matters in business deals that nobody gets late. The handshakes are considered only when someone is a good friend. The social hierarchy and status are also significant and different along with the status classes. The main motive of life depends on meritocracy means to yearn for success and money.

5. Crime status

In Singapore, white-collar crime is more but other crimes are less and if the business is not being hampered by crime then it tends to flourish and stresses in good investments in the market.

6. Education

Education is given due importance. Universal education is granted by the government so every individual can achieve and utilize his full potential. The use of media is also important as for example social media through which most business deals happen.

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Some positives of Business culture in Singapore

• The religious value, ethics, attitude, education, social structure, and many more factors decide the functioning of business in the country. These factors led to the development of these characteristics.
• The corruption in Singapore is very less in comparison to the other Asian countries which makes it easier for anyone to start the business.
• As they avoid conflicts, the status of labor conflicts is also very less. The welfare of everyone is always being taken care of.
• As there is no tax evasion and the government keeps the corporate tax low which helps further in ease of business.
• The presence of military and police of the USA there makes sure that no business gets hampered by any mischievous elements.
• The technology advancement and productivity are the elements which are given a lot of emphasis on.
• FDI is high and there is a spillover effect even in the local markets of Singapore.
• Being a tourist country there is a lot of opportunity in emerging of new businesses.
• The presence of healthy competition makes the environment of business for everyone easy.

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