Research Paper - Singapore

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  • Making prediction
  • Making prediction
  • Making prediction
  • ESSAY:1. Re-read your own essays2. Reading various academic articles3. Let others read your essays4. Practice Summarizing

Transcript

  • 1. Eyitayo Laleye Nancy W. Arrindell 495245 493948 Global Economy in Transition Minor Term 1, 2012 Asian Management Studies| Singapore
  • 2. IntroductionThings to be discussed 1 Economic Development Timeline 2 The West & Singapore – Economic Achievements 3 Business Culture & Management Style 4 New Developments Asian Management Studies| Singapore
  • 3. Part OneTimelines and Pattern 1 Economic Development Timeline 2 The West & Singapore – Economic Achievements 3 Business Culture & Management Style 4 New Developments Asian Management Studies| Singapore
  • 4. Singapore’s YearbookEconomic Development Timelines Between 1819 and 1869 Arrival of British and Chinese immigrants to work Between 1873 and 1913 Trading posts booms and Straits Settlements became a Crown Colony End of an Era 1946 and 1967 Singapore’s independence and ASEAN formation From 1968 to 1999 Rapid development and effective urbanization Asian Management Studies| Singapore
  • 5. Singapore’s YearbookEconomic Development Timelines – cont’d 1997 to 2003 Recession; Increased trade agreements Political stability and Infrastructural development 2004 to date Casino ban lifted; Economics growth 2008 till present Global Financial Crisis hits worldwide Asian Management Studies| Singapore
  • 6. Part TwoHistorical Contacts between the West and Singapore 1 Economic Development Timeline 2 The West & Singapore – Economic Achievements 3 Business Culture & Management Style 4 New Developments Asian Management Studies| Singapore
  • 7. Economic Achievements Historical Contacts between the West and SingaporeSettlements, Relationships & Partnerships*1 Portuguese: The destructive invaders2 Britain: Colonial position and British East India Co.3 United States: Diplomatic relationship and Trade agreement4 Rest of The World5 International Organizations – UN, WTO, ASEAN, IMF Asian Management Studies| Singapore
  • 8. Economic Achievements Historical Contacts between the West and SingaporeAttitudes towards Western Companies*1 Free market economy2 Positive attitude reflects early relationships from 17th century3 Strong influential multicultural environment4 A place where East meets West5 World leader in Foreign Trade and Investment Asian Management Studies| Singapore
  • 9. Economic Achievements Foreign Direct Investment FlowsHighest FDI Sector Investments 2009 ($ billions) 2010 ($ billions) Share in 2010 (%)Total 573,3 618,6 100,0Manufacturing 123,0 130,8 21,2Whole sale & Retail Trade 99,4 109,9 17,8Transport & Storage 36,8 37,5 6,1Financial & Insurances services 238,6 263,9 42,7Real Estates Activities 17,3 19,7 3,2Professional & TechnicalAdministrative & Support 38,2 35,6 5,8Services Asian Management Studies| Singapore
  • 10. International Trade Important Trade Partners: ExportMain Export Partners11,6 % Hong Kong11,5 % Malaysia11,2 % United States of America 9,7 % Indonesia and China (each) 4,6 % Japan Asian Management Studies| Singapore
  • 11. International Trade Important Trade Partners: ImportMain Import Partners14,7 % United States of America11,6 % Malaysia10,5 % China 7,6 % Japan 5,8 % Indonesia & South Korea Asian Management Studies| Singapore
  • 12. Part ThreeTypical Business Culture and Management Style 1 Economic Development Timeline 2 The West & Singapore – Economic Achievements 3 Business Culture & Management Style 4 New Developments Asian Management Studies| Singapore
  • 13. Business Culture Integrated Working Culture & LifestyleHow they do business1 Diversity in Ethnicity purely hierarchical environment2 Individualistic or Team Player not based on wealth, magnitude of home3 Relationships and company one represents, but close ties Communication fostered4 Paternal – extends beyond office hours Saving face & maintain harmony5 Dining Asian Management Studies| Singapore
  • 14. Business Culture Integrated Working Culture & Lifestyle– cont’dhigh power distance and collectivism not based on wealth, magnitude of home company one represents, but close ties6 Gifts and business cards fostered7 Relationships and Communication8 Decision Making & Negotiations9 Communication styles10 Meetings & Timelines Asian Management Studies| Singapore
  • 15. Management Style Integrated Business Management CultureWhat they expect, how theyact…1 Respect and Obedience Meeting delegation; identify decision2 Promotion based on merit, not ties maker3 Not keen on innovation Chinese CEO, Indian Manager, European4 Satisfied with being Colleague, USA MNCs, Japanese client followers5 Cross Cultural management Asian Management Studies| Singapore
  • 16. Part FourNew developments 1 Economic Development Timeline 2 The West & Singapore – Economic Achievements 3 Business Culture & Management Style 4 New Developments Asian Management Studies| Singapore
  • 17. New Developments… of business culture and management style Highlights Warm and Welcoming PeopleMost Effective Strategic alliances between indigenous businessLeast Effective Adopting a lot of Western business models Where ancient tradition meets modern business culture Asian Management Studies| Singapore
  • 18. New Developments… of business culture and management style Lowlights Still highly cultural and sticks to valuesMost Effective paternalistic endorsements highly existsLeast Effective Slow and receptive to individual ideas Asian Management Studies| Singapore
  • 19. Opinion PollWhere ancient tradition meets modern businesscultureblends with the modern, up-to-date westerninputTechnology and businessknowledge and educationBest business practicesamazing economic growth experienced Asian Management Studies| Singapore
  • 20. THANK YOU Asian Management Studies| Singapore