Question

In order to understand the different factors that influence business activities in a new context. Research about doing business in Taiwan which focuses on cultural shock; business and social customs.

Answer 1

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In order to understand the different factors that influence business activities in a new context. Research about doing business in Taiwan which focuses on cultural shock; business and social customs.

While quick processes of globalization are flattening cultural differences throughout the world, cultural determinants still have a strong effect on international cooperation, the value of trade and, con-sequently, economic growth. Geographical conditions, culture, and many other factors have made Asian and European business styles widely varied. A particular approach to basic values such as time, life or culture complicates cooperation and reduces the desire to communicate with other nations and collaborate. This directly impacts the currency and export value of goods and services as well as foreign direct investment. Several economic indicators and the Doing Business ranking have been used to measure the impact of cultural differences. There has been a thorough analysis on country: Taiwan (Republic of China).

Collectivism in Taiwan takes the form of collective desires, rather than individual needs. The family is a form of social connections which is extremely important. Religious values such as Confucian-ism are the basis of this attitude towards society. This religion is founded upon ren, yi, and li. Ren is an ability to treat others with empathy and compassion. Yi is a sense of moral justice which will aid in every decision made in an individual's life. Li is principles and rules that should be adhered to. These principles are similar or slightly changed in other Asiatic religions. This history strongly affects the economy where people choose to be workers rather than employers in these societies. Traditionally, corporate ties in Taiwan sought to increase profits, but never at the expense of a shift of attitude towards business partners; commercial activity was just a part of life and would never take precedence. Today, Taiwanese negotiations typically last longer and are more difficult for business partners. This is expressed in the dimensions of Geert Hofstede, where the long-term orientation indicator amounts to 87, which is a very high score. In the infrastructure generated for business in Taiwan, long-term orientation can be found. All investments are calculated very carefully and the long-term gains are evaluated. Many universities are located in the outskirts of cities, in large campuses near economic zones. Since Taiwan exports mainly electronics and machinery, spatial planning has been adapted to this. Universities collaborate closely with international trade, and various science parks are usually very close to each other. In addition, universities have concentrated for years on the growth of science faculties, which now constitute the majority of departments at universities.

Concluding this, In addition, the economic factors specifically categorize Taiwan as an example of Asian Tiger. This counter-try is currently in top 20 in the "Doing Business" list, despite weak economic condition after the Second World War. Taiwan's per capita GDP is nearly twice as high as Poland's of USD 38,500. Export value in 2012 amounted to USD 288.2 billion in Taiwan, which constitutes 149.8 per cent of Polish exports. Taiwan's unemployment rate is 2.93 times lower than in Poland where the composition of GDP by sectors in both countries is close.

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