23-3-2011
Today is Wednesday!!! and its like hell raining on us Mr.Chua went through with us on APPG chapter 6 and 7 all at once and finished it in like half a day…=.=” omg…… lets hope most of us are able to cope against this giant weight set on us all at once HAHA.But of course we all listened and tried our best to absorb or so called “download information” but some of us at the end the result was “ download error” which means reloading the information again HAHAA>…well we do try to make our lesson intresting because the more fun it is the easier for people to take in information :D
We had lunch today Mr.Tan and Chua at one of the local food restaurants although the dishes were simple it's a filling meal and we all enjoyed it :D.
So today there’s after IS program (woah! Why is this week afternoons so pack!HAHA!!!) Today’s IS lecturer we had the same economist from the week before to give us a talk but this time its about doing business in china.
He told us that all his years doing business in china he felt that dealing with Singapore client;s isvery challenging because Singapore clients always try to get the best of the best deals which makes them have trouble closing the deal with the Singapore clients. Some of this priveledges most companies look for such as 2-3 yrs tax exemption, less custom time because as we know it time is money and when time is delayed the money is delayed and you will earn less. He also shared with us that most companies even western country companies hire Asians or mainly Singaporeans to talk the deal through with them because they know that Asians communicating with china gives them better deals and the easier to seal the deal between the company and china. He also noted that when you are doing business with different people from different country they have different customs that you have to follow like for example doing business with people from Hong Kong or Taiwan you usually talk business over dinner and they make u drink a lot some even consider getting yourself drunk is a kind of way of telling them that you are “friend”. In Japan they always wear the same dress code to match both sides as it's a way of saying respect to each other. But he said what astonishes him most is that US clients are always dress casual while talking business but when they are serious they can really be and a deal may take weeks to get through and many hours. He also mentioned that in some countries such as Italy France the companies would actually send their lawyers over 1st to check out the laws and legal issues before really starting the business deals. But with this companies that sends lawyers over they always find it tough to give them the best deals because privilege such as tax exemption and less custom check time is under the books and is under the table privilege and is not part of any of the law, he shared that all his time dealing with Italian or French representative they are always very dashing and good looking (probably used to charm the opposite sex hahahaha!!!!).
Reflection
Although I do not have plans or money to start a business in china today’s lesson was a great insight to the art of doing business and I learnt that in order to clinch a deal you would actually have to get as close to your client as possible so that you are able to seal the deal. Also different countries / religions have different customs and it is always best to follow their customs because you are earning their respect and when you gain their respect its easier for you to do business with them. Oh and my secret letter writer today told me im a cup too full and cant take in information hmmm is that true>?? Gotta contemplate about this when I sleep today.
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