Several cultural characteristics are important for foreign businesses to understand:
2. Respect for Hierarchy
3. Indirect Communication
4. Patience in Decision-Making
5. Local Partnerships Matter
1. Relationships First
Building personal trust is often a prerequisite before business discussions progress.
2. Respect for Hierarchy
Decision-making is commonly concentrated among senior leaders. Respect for rank and authority is deeply valued.
3. Indirect Communication
Maintaining harmony is important. Feedback and disagreements are often communicated diplomatically rather than directly.
4. Patience in Decision-Making
Business negotiations may take longer than expected, particularly when multiple stakeholders are involved.
5. Local Partnerships Matter
Working with reputable local partners can help businesses navigate regulations, market dynamics, and cultural expectations more effectively.
