Essay Title: 

Trading in Hong Kong

April 3, 2016 | Author: | Posted in business, mathematics and economics

Trading in Hong Kong

Outline

Introduction

Collectivist orientation

Hong Kong collectivism

Vietnam collectivism

Hong Kong Culture

Religion and its influences

Openness to American-owned business

Cultural values a company needs to consider

Vietnam Culture

Religion and its influences

Openness to American-owned business

Cultural values a company needs to consider Great business dealings take into consideration the intricacies of the culture into which the business is to be established . Customers need to be studied – their needs , their wants and other demands . Studying the local culture would [banner_entry_middle]

br also help in dealing with local business people

What a business person must first note in studying Hong Kong and Vietnam culture is that both countries have collectivist orientations and interests . They exhibit close family and community ties . Loyalty is a very important value and each member takes responsibility for others in the group (Taylor , para . 7

People in Hong Kong value collective ideals of modesty , moderation and the value of protecting established , harmonious relationships The collective culture would reinforce people ‘s motivation to do a good job , because there is an element of “face ” involved . If one is doing a good job in running a company , he or she not only reaps profits but also gain “face (International Business Ethics , Attitude toward a Corporation section . The concept of face ‘ in Hong Kong is roughly equivalent to reputation and integrity . Most Hong Kong companies are owned by families (International Business Ethics , Religions and Traditions section , para . 4

For the Vietnamese , the family is of utmost importance . The group ‘s interests comes first before the individual ‘s . All customs and rituals like weddings and funerals are to the village community Marriages had to meet the interests of family lines and wedding proposals are made to the bride ‘s family (Customs , para . 5

Hong Kong culture is somewhere in-between Chinese and American culture (International Business Ethics , para . 1 . In fact , both Chinese and English are considered its official languages . Although Hong Kong is predominantly Chinese , its culture blends the East and the West as well as the old and the new

People here still cling to their roots , to their traditional beliefs and religions . They continue to pray and make offerings at more than 600 old and new temples , shrines and monasteries scattered across the territory (Hong Kong Culture , para . 2

Hong Kong is famous for their lion dances , a colorful display of a dancing large lion usually during festive occasions and are meant to bring in good luck

The Hong Kong Chinese also celebrate the Ching Ming Festival , devoted to honoring their relatives who have died . Ancestors are held in high regard by the Chinese and they are always prayed to for guidance

Another festival that exhibits the Chinese ‘s close familial ties is the Moon Festival . It is believed that on that day , the moon is on its biggest , roundest and brightest . The term round ‘ implies family reunion in Chinese

There are various religions in Hong Kong , including Buddhism , Taoism Confucianism , Christianity , Islam , Hinduism , Sikhism… [banner_entry_footer]

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