Conestoga College BUS2171 - International Business Report: Singapore

This report, submitted by a student, evaluates the potential for Conestoga College to expand its operations to Singapore. The report provides comprehensive country information, including its political, economic, and legal systems, and addresses any regulatory concerns. It compares the cultures of Canada and Singapore, highlighting key differences and ethical considerations. The report assesses Conestoga College's resources and capabilities, examining its leadership, economic contribution, and technological advantages. It explores the reasoning for international expansion, emphasizing the influence of mercantilism. Finally, it discusses various investing options, particularly foreign direct investment, and concludes that Singapore presents a beneficial opportunity for expansion, provided cultural and regulatory factors are carefully considered.

Running head: REPORT 0
International business
APRIL 4, 2020
student details:

REPORT 1
Contents
Introduction.................................................................................................................................................2
Country information....................................................................................................................................2
Cultural comparisons...................................................................................................................................3
Evaluation of resources and capabilities......................................................................................................3
Reasoning for International expansion........................................................................................................4
Investing options.........................................................................................................................................5
Conclusion...................................................................................................................................................5
References...................................................................................................................................................6

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Introduction
The expansion of the operations is very important decision. This decision should be
analysed by considering different factors. The capacity of expansion should also measured to get
best results. In the following parts, information of Singapore from the point of view of politics,
law and economy, cultural comparison, and options of investment is discussed. This report also
evaluates capability and resources, and reasoning about global expansion.
Country information
Singapore is one of the modern cities of Southeast Asia from the long period. It has about
third area of Main Island. Singapore is famous for conservatism as well as strict domestic
legislations. In addition, it superiorities itself on the constancy along with protection. It can see
that it is physically small but economically strong. It can see that its political system takes the
procedure of parliamentary representative’s democratic republic. In this political system, the
head of state is president of Singapore. On the other hand, PM of Singapore is considered as
head of multi-party system or government (Gupta, 2019).
Additionally, Singapore has greatly developed free marketplace economy. It is at third
number in the list of the cities having highest per capita GDP in the world. This city is third least
corrupt city among all. Further, its legal system is depended on English common legal system.
Most of the fields are law are based on the judges. These areas are the tort law,
administrative law, contract law, property law, as well as equity and trust law. Even though,
certain facets have been amended to certain level by statute. From the regulation point of view, it
can see that the factors like strategic place, pro-operation atmosphere, as well as advanced

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financial approaches have enabled Singapore to become great doorway of the world (Kapur,
2019).
Cultural comparisons
The prospective MNE is based on Canada. On the other hand, the prospective MNE will
be expanding operations in Singapore. In this situation, it is very essential to make comparison
between culture of Singapore and culture of Canada. It can see that there is huge difference
between the culture of Canada as well as Singapore. These two nations are multicultural. Even
though, Canada has more western culture. In opposition, Singapore is dominated by the culture
of China, India, as well as Malaysia. Further, the allocation of powers is not equal in Singapore.
On the other hand, the powers are allocated in equal manner in Canada. There are various rules
for the people of Singapore not because the people require structure but due to the higher Power
distance. In this way, due to the cultural difference amid Singapore and Canada, Conestoga
College is required to be aware about the human resource style in Singapore. The Conestoga
College is also required follow and keep the culture of Singapore to alter the human resource
style. The College can render training to people but it will be costly. Thus, it will be good to
match with HR style of Singapore with current style overt the period.
Evaluation of resources and capabilities
There are different capabilities and/or resources of Conestoga College. These are discussed
below –
1. Leadership – Conestoga College leads the polytechnic education. It is one of the fastest
developing colleges of Ontario. It delivers complete range of the education based on
career. In addition, it also conducts training and research programs.

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2. Contribution in economy- there is great contribution of the college in the economy for
the reason that it promotes financial prosperity through the regions and diagonally
Ontario (Jetter & Parmeter, 2018).
3. Exclusive capacity – it has ability to address community, staff and industry needs
through the development of amenities. It delivers above 200 program that focus on career
(Boscart, et. al, 2019).
4. Advanced technologies – the laboratories of college are well-equipped with the advance
technologies. The professors have best clinical experiences in the research and practice.
5. Research activities - Conestoga’s applied research activities support student learning and
helps area businesses grow, innovate and improve their productivity (Li, Ong & Ito,
2020).
Reasoning for International expansion
The mercantilism international trade theory has great influence on the decision of
Conestoga College to expand operations in Singapore. The mercantilism is considered as
financial theory that promotes government regulations related to international trade to make
wealth as well as reinforce countrywide powers. The mercantilism theory has great advantages in

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the present world. As per this theory, the government as well as traders do work together for
decreasing the trading shortfall along with for creating the surplus. With the help of this theory,
the parent country can advocate the approaches related to trade that secure local sectors. Further,
it can see that it creates monopoly and grant status free of tax. In addition, it also grants pension
to the favoured sectors. This theory helps to execute tariff upon the import. It also restricts
emigration of skilled labour, methods along with capital (Reddy & van Dam, 2020).
Investing options
Being favourable to advance to the foreign investor, the simpler regulatory method,
political constancy, taxation incentive, and higher quality industrial real estate’s parks makes
Singapore attractive to do business there. In addition, the absence of corruption also
makes Singapore the best destination for the investment. In addition, Singapore has regarded for
various years by World Bank as one of the attractive nations in the world in relation to ease of
expanding operations. The foreign direct investment is best option to make investment in
Singapore because it has most qualified workforce. This option is recommended because of its
advantages including flexibility, diversification, as well as openness. Moreover, Singapore gives
various advantages to do business. The rate of tax is low in this city in comparison of other cities.
Additionally, the rate of unemployment is also very low in Singapore. It has top class
infrastructure as well as supportive government policy (Poon & Whitehead, 2017).
Conclusion
As per the above analysis, it can be concluded that as Singapore has free trade economy,
it will be beneficial to expand the operations of Conestoga College there. However, it is found
that Conestoga College have to understand and follow the cultures, laws, and regulations of
Singapore.

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References
Boscart, V. M., Crutchlow, L., Taucar, L. S., Schelling, S., Fung, E., Betini, R. S & Hirdes, J.
(2019). Improving clinical care outcomes for Canadian seniors: findings of a pilot study
evaluating an applied simulated and integrated learning approach (ASILA) for home care
workers. Educational Gerontology, 45(10), 612-623.
Gupta, R. (2019). The Inclusion of Competition Clauses in Bilateral Trade Agreements Between
India and Canada: Issues and Challenges. In Nation-Building, Education and Culture in
India and Canada, pp. 155-161
Hashan, H., Aljuffali, I., Patel, P., & Walker, S. (2016). The Saudi Arabia Food and Drug
Authority: an evaluation of the registration process and good review practices in Saudi
Arabia in comparison with Australia, Canada and Singapore. Pharmaceutical
medicine, 30(1), 37-47.
Jetter, M., & Parmeter, C. F. (2018). Sorting through global corruption determinants: Institutions
and education matter–Not culture. World Development, 109, 279-294.
Kapur, N. S. (2019). Empowering People Through Eco-Museum: A Case for the Métis of
Western Canada and Meenas of Rajasthan. In Nation-Building, Education and Culture in
India and Canada, pp. 93-110).

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Li, S. R., Ong, Y. X., & Ito, N. (2020). Credibility in Question: Travel Information Adoption
Among Chinese Consumers in Canada and Singapore. In Information and
Communication Technologies in Tourism 2020 (pp. 79-91). Springer, Cham.
Poon, A. M. C., & Whitehead, A. (2017). Singapore Literature and Culture: Current Directions
in Local and Global Contexts. USA: Routledge.
Reddy, G., & van Dam, R. M. (2020). Food, culture, and identity in multicultural societies:
Insights from Singapore. Appetite, 149, 104633.