International Business Singapore
International Business Singapore
Culture and Values of Singapore
Jake Pimm
Fall Semester 2009
INBU 4300-001
Dr. Lymberopoulos
Introduction
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Singapore is a Republic with a mulit-racial population of over 4 million people. It is an attractive place to do business for different reasons such as its considerable international trading, an international business center with its large number of multi-national companies, and famous international port. It has an enviable record of political stability and the government actively encourages investment by foreign business interests. With all of these factors combined, Singapore is extremely attractive to multinational companies.
Tips to Improve Business in Singapore While Singapore has been thriving for some decades, its continued growth may be largely dependent on how creative small business owners can be. Women in particular contribute substantially to the development of small businesses, especially those in the service sector. They are an important and growing part of the Singapore’s economy. The business types for female owned businesses are broadly distributed, the majority of female business owners in Singapore seem to be in the service and retail industries. This may be spurred from the result of the high start up costs involved in the manufacturing and construction areas. Also, prospective female business owners’ lack of prior experience and technological skills in such sectors proves to be a problem. So, female owned businesses in Singapore usually start as small service and retail ventures with few employees and grow to become progressively more established. Lastly, the majority of Singapore female owned businesses have been in operation for an average of nine years. The reason most women tend to start their businesses in areas where they have previous work experience, and since retail or professional sectors are more than
Culture and Values of Singapore
Jake Pimm
Fall Semester 2009
INBU 4300-001
Dr. Lymberopoulos
Introduction
___________________________________________________
Singapore is a Republic with a mulit-racial population of over 4 million people. It is an attractive place to do business for different reasons such as its considerable international trading, an international business center with its large number of multi-national companies, and famous international port. It has an enviable record of political stability and the government actively encourages investment by foreign business interests. With all of these factors combined, Singapore is extremely attractive to multinational companies.
Tips to Improve Business in Singapore While Singapore has been thriving for some decades, its continued growth may be largely dependent on how creative small business owners can be. Women in particular contribute substantially to the development of small businesses, especially those in the service sector. They are an important and growing part of the Singapore’s economy. The business types for female owned businesses are broadly distributed, the majority of female business owners in Singapore seem to be in the service and retail industries. This may be spurred from the result of the high start up costs involved in the manufacturing and construction areas. Also, prospective female business owners’ lack of prior experience and technological skills in such sectors proves to be a problem. So, female owned businesses in Singapore usually start as small service and retail ventures with few employees and grow to become progressively more established. Lastly, the majority of Singapore female owned businesses have been in operation for an average of nine years. The reason most women tend to start their businesses in areas where they have previous work experience, and since retail or professional sectors are more than