Singapore Research Assignment: Cultural Considerations (Other (Not Listed) Sample)
YOU ARE REQUIRED TO ACT LIKE AN ENTREPRENEUR ON THE VERGE OF LAUNCHING A BUSINESS IN ANOTHER COUNTRY.
THE SAMPLE CONVINCES THE INVESTORS TO AGREE ON GLOBALIZATION IN THE SELECTED COUNTRY.
Singapore research assignment
Singapore is an island country and is ranked among the most successful countries whose international trading links are very powerful. The per capita GDP of Singapore is highly ranked with most of the leading nations of Europe. Singapore has around two million people from other nationalities, therefore, it is regarded as a multicultural country and it's the best country to invest in. The following are some factors which have taken into consideration before deciding on investing in Singapore.
• Cultural considerations
In Singapore there are five cultural dimension indexes which are as follows: power distance index is 74, individualism index is 20, masculinity index is 48, uncertainty avoidance index is 8 and long-term orientation is 48. ("A Socio-Cultural Analysis Of Singapore") The individualism index of 20 shows that this country values the needs of the whole community other than specific individuals. The masculinity index also shows that in Singapore all the people which include both men and women have equal chances of doing business in the country. There is no gender discrimination in the country and therefore it will be easy to carry any business. The uncertainty avoidance index means that the people living in Singapore do not fear changes and challenges because they are risk-takers. This is very encouraging because by investing in this country means that the people will be willing to try the new products available without fear.
• Market size
With a population of 5.61 million, Singapore represents a good market size for any goods or services. The working-age i.e. 20-64 years account for a significant portion of this population. This can be regarded as an ind
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