Cultural Assessment of Business Practices in Singapore

This essay undertakes a cultural assessment of the business environment in Singapore, exploring how cultural factors influence business practices. It begins with an introduction that outlines the importance of understanding the global business environment and its impact on decision-making. The essay then delves into the discussion, examining the internal and external factors affecting businesses in Singapore, highlighting the country's unique position as a business hub in Asia. It references several articles that explore the influence of technology, social networking, and cultural dimensions on business. Hofstede’s cultural dimensions are used to analyze the success and failures in multi-national companies. The essay concludes by emphasizing the significance of communication, religion, and ethics in maintaining global business operations in Singapore. It stresses that these cultural aspects are essential for successful market entry and operation, influencing marketing strategies, sales, and product distribution. The essay emphasizes the need for businesses to adapt to the local culture to thrive, covering the importance of language, communication, and social structure in the business environment.

Running head: THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
Name of the Student:
Name of the University:
Author Note:

1THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
Introduction
The topic is going to be discussed on the cultural assessment of the business
environment along with the desired outcomes in Singapore. The essay is going to be
structured on an analysis, issues, and risk factors, and the severe consequences attached to it.
The global business environment is referred to like the ambience belonging to different
sovereign countries. Several factors are responsible for outward aspects related to the
household environment of any organisation, influencing the business strategies and in
decision-making based on the utilisation of several resources as well as capabilities. The
essay will be channelised by utilising Hofstede’s cultural dimension in business to support
the thesis appropriately so that the readers can stimulate their ideas accordingly. The primary
purpose of this essay is to provide an analysis and literature review on the cultural assessment
of the business environment in Singapore by providing enough evidence on the risks and
issues related to this business environment.

2THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
Discussion
The global business environment is referred to as the environment in various
sovereign countries based on several factors which are extrinsic to the household
environment of any organisation. In this way, it may influence in decision-making while
utilising the resources and an individual’s capabilities. The global business environment
could be divided into internal as well as external environment. In the domestic environment,
there are some underlying factors such as decision-making, risk-taking, individual choices,
and activities, planning strategies and executing such strategy and organisation. These are the
essential factors responsible for running an organisation and other significant factors such as
organisational structure, culture, and management structure. In the external environment,
there are some factors such as economic, political, social, taxation, and cultural, legal,
regulatory and technological advancements. Thus, to maintain an organisation effectively and
adequately, organisations need to understand the primary engagement with society and
accepting different cultures. The organisation have to cooperate with the social factors of an
environment of a host country and need to understand their process of operating such
functions.
Singapore is one of the best places for starting a business or sustaining an organisation
for many years and has been recognised as a unique position in the global field economy. It
plays a pivotal role as the epicentre of business in the heart of Asia. Some significant factors
have made it possible and they are the location, healthy working environment, competitive
field of work, policies based on economic factors and cultural factors. In this way, Singapore
has given access to the world of business, along with advanced technologies.
In an article, the author Kasemsap have given a brief introduction to the significant
role played by the global business environment and the impact of developing technologies as
well as social networking on leadership in global business (Kasemsap, 2014). The author has

3THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
channelised the central aspect of social networking in a global business environment. It is one
of the significant challenges that any organisation has ever come across and need to maintain
enough flexibility to adopt innovation and new resources. The author has discussed the
leadership impacts and enhancement of social networking technology such as improving the
technology by providing excellent communication with the employees.
In this article, the author has discussed the global talent management in Singapore and
effects and the influencing factor that is talent mobility as well as respective governments.
The groundwork of macro comprehensive talent management has been incorporated talent
mobility and national talent. The article has briefly discussed the macro context of global
talent management along with desired outcomes. The analysis has provided enough shreds of
evidence to support the statements like complexities regarding employees talent and
policymakers (Khilji, Tarique & Schuler, 2015).
In another article, culture has influenced the business backgrounds, and it has been
establishing management of external resources of human beings. There have been various
elements that have been affecting the business grounds like national as well as international
fields of business. The theory of Hofstede’s cultural dimensions has been applied in this
article to determine the success and failures in multi-national companies (Dartey-Baah,
2013).
Cultural assessment is linked with the social networking sites during the business
transactions and global business environment. Social networking sites have been valuable
resources to facilitate the activities of economic factors. In one article, the entrepreneurs have
been maintaining efficiency as well as accessing the business opportunities to improve
innovation (Kasemsap, 2014). The impact of leadership skills has been affected by social
networking sites. Thus, the leaders who are leading the global business need to provide
general education to the employees and should improve their communication skills. The

4THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
necessary information such as communication technology has been discussed in the article
and the enhancement of knowledge through technological advancements.
Language, as well as communication, are essential in every country especially in
Singapore. It is quite necessary while making decisions as well as providing resources. New
organisations or old organisations need to improve their communication skills while dealing
with clients from all across the world. In one article, the author has provided logical
consequences while operating the agencies of distinct government and international
institutions (Brannen, Piekkari & Tietze, 2017). There are various forms of language which
determine the hierarchies and the powers of facilitating the operations.

5THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
Conclusion
Therefore, cultural backgrounds have affected the global business, and the impact has
severely affected many values and priorities. The areas such as functioning the operations
such as marketing strategies, sales, increasing the production and distributing the products
among the consumers. It may affect the analysis of the company and the decisions based on
the company so that they can venture into new policies in the market. In Singapore,
communication, religion, and ethics are equally essential to maintain global business. The
values, as well as attitudes, are quite similar to the ethics and the attempt to develop the
conceptual contexts and distinct communities. The people of this country have been attached
to the manners and greetings. The customs and social structure are essential to establish the
base of the business background.

6THE CULTURAL ASSESSMENT OF BUSINESS IN SINGAPORE
References
Black, J. S., Morrison, A. J., & Gregersen, H. B. (2013). Global explorers: The next
generation of leaders. Routledge.
Brannen, M. Y., Piekkari, R., & Tietze, S. (2017). The multifaceted role of language in
international business: Unpacking the forms, functions and features of a critical
challenge to MNC theory and performance. In Language in international business
(pp. 139-162). Palgrave Macmillan, Cham.
Dartey-Baah, K. (2013). The cultural approach to the management of the international human
resource: An analysis of Hofstede's cultural dimensions. International Journal of
Business Administration, 4(2), 39.
Kaisler, S. H., Espinosa, J. A., Armour, F., & Money, W. H. (2014, January). Advanced
Analytics--Issues and Challenges in a Global Environment. In 2014 47th Hawaii
International Conference on System Sciences (pp. 729-738). IEEE.
Kasemsap, K. (2014). The role of social networking in global business environments. In
Impact of emerging digital technologies on leadership in global business (pp. 183-
201). IGI Global.
Khilji, S. E., Tarique, I., & Schuler, R. S. (2015). Incorporating the macro view in global
talent management. Human Resource Management Review, 25(3), 236-248.
Shenkar, O., Luo, Y., & Chi, T. (2014). International business. Routledge.
Weck, M., & Ivanova, M. (2013). The importance of cultural adaptation for the trust
development within business relationships. Journal of Business & Industrial
Marketing, 28(3), 210-220.