Singapore Country Analysis

3564 words - 15 pages

Singapore – Country Analysis

Vineet Khattar; Group Work

9/29/2012

Contents
Country Background: .......................................................................................................................... 3 Cultural Aspects of Singapore: ............................................................................................................ 3 Political context................................................................................................................................... 3 Economic policies of Singapore .......................................................................................................... 4 Institutional Framework ...view middle of the document...

It is an island country made up of 63 islands, separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the Singapore Strait to its south. The country is highly urbanised with very little primary rainforest remaining, although more land is being created for development through land reclamation. In terms of purchasing power parity, Singapore has the third highest per capita income in the world. There are slightly over 5 million people in Singapore, of which 2.91 million were born locally. The population is also highly diverse. One of the five founding members of the Association of South East Asian Nations, the country is also the host of the APEC Secretariat, and a member of the East Asia Summit, the Non-Aligned Movement, and the Commonwealth. Cultural Aspects of Singapore: Singapore is a very diverse and young country. It has many languages, cultures and religions for a country of its size. Due to the many different languages and cultures in the country, there is no single set of culturally acceptable behaviours. Singapore, as a country, in general is conservative socially, but some liberalisation has occurred. At the national level, meritocracy is heavily emphasised. Racial and religious harmony is regarded by the government as a crucial part of Singapore's success and played a part in building a Singaporean identity. Singapore has a reputation as a nanny state. Some of the key features of Singaporean culture are: Kiasu – The Singaporean concept of ‘kiasu’ literally means ‘fear of losing’ and is often used to describe the social attitude of Singaporean people. The concept refers to Singaporeans’ desire to always want to be the best, come first and never lose out. Concept of Face – An important value in Singaporean culture is that of saving and maintaining ‘face’. To avoid losing face, Singaporeans control their behaviour and emotions in public, do not confront or criticise other people openly and employ an indirect communication style. Diversity – With a diverse population of Chinese, Malay and Indians as well as guest workers, Singapore values the diversity of its people and stresses the importance of accepting differences. Hierarchy - Status and hierarchy are important in Singaporean business culture where companies have a top-down structure. Decisions are nearly always taken by the senior management and subordinates avoid questioning or criticising their superiors. Political context Singapore is governed by a parliamentary system consisting of 84 elected members. Members of parliament are voted into office in general elections every five years. Singaporean politics have been dominated by the People's Action Party (PAP) since the 1959 general election when Lee Kuan Yew became Singapore's first Prime Minister. The PAP has been in government and won every General Election since then. Foreign political analysts and several opposition parties including the Workers' Party of Singapore and the Singapore...

Other Papers Like Singapore Country Analysis

Report on Employment Relations Issues Relating to Aged Worker in Singapore

2017 words - 9 pages investors’ with incentives to boost foreign investment, revision of the Industrial Relations Act and introduction of the Employment Act had gradually rebuilt the confidence level of the investors. Hence, by 1980s the unemployment issue was resolved (Tan, 2007). Singapore, a small populated country was unable to provide the sufficient supply of manpower to meet the rapid demand. Therefore, overseas career opportunities were open to foreign

Principles of Management Essay

2750 words - 11 pages the customised applications that the company provides to its customers and last but not least the helpdesk department which provides excellent support to the existing customers on a day-to-day basis. 2.0 Macro-environment analysis 3.1 Laws & Politics Since the company provides Information technology services, CHASSasia (Singapore) must follow the Computer Misuse Act stated by the Infocomm Development Authority of Singapore (iDA

International Economics

1251 words - 6 pages the degree of openness for various countries by using the percentage of trade as a share of GDP. It will then outline Singapore as the most open country, Brazil as the least open country and the most rapidly increased openness: Hong Kong. Finally, it will examine whether the degree of openness is correlated with faster long term growth in standard of living. In advanced economies, there are many kinds of methods to analyse an economy’s openness

Avis Singapore

1885 words - 8 pages Threats > Singapore has a excellent transport system, which is a much more cheaper service with the recent reduction of bus and train fares. > The off peak car scheme gives Singaporeans more ability to own a car. > There are low taxi fares in Singapore > The private car rental scheme allows car owners to rent out their vehicles. > Singapore is only a small country making it much more efficient to use public transport

Pokemon

1742 words - 7 pages The approach looks at clusters, a number of small industries, where the competitiveness of one company is related to the performance of other companies and other factors tied together in the value-added chain, in customer-client relation, or in a local or regional contexts.[2] The Porter analysis was made in two steps.[2] First, clusters of successful industries have been mapped in 10 important trading nations.[2] In the second, the history of

Basic Principles of Mgt

2239 words - 9 pages Title Jetstar Asia Airways 1. Introduction This report will be analyzing Jetstar Asia Airways Pte Ltd. The report consists of the PESTEL model and Porter's 5 Forces model for an in-depth analysis of Jetstar Asia Airways Pte Ltd. In the report, there will recommendations on diversifications strategies for the company and a conclusion summarizing up the report. Jetstar Asia Airways Pte Ltd is based in Singapore. It is owned by Westbrook

External Factor Affecting Mnc

2427 words - 10 pages landscape. Firstly, Global consumer preference have converged the taste and preference of consumers to become similar globally, and living healthy is one of them. This trend is not just worldwide but slowly and surely expanding within the Asian region, especially in the more affluent countries. In Singapore, one such indicator is the increase in number of sporting activities that are seeing a quick rise in popularity within the country. One prime

Analysis of Strategy of Gddc

1663 words - 7 pages any restriction on foreign investment except the industries on national defence. Therefore, a firm may meet fewer barriers and save more cost when it invests in Singapore. The last country, Australia, adopts federal system and each state has its own laws. As a result, a firm has to research every state’s law to understand Australian market. In term of attracting foreign investment, the government also makes much effort, which results in it

Your Business

1955 words - 8 pages perfumes for their cleaning products and bathing products. Singapore was a natural choice to build a chemical plant, since the country focuses on creating an innovative business-friendly environment that is supported with a strong infrastructure. In regards to the TTG Singapore chemical plant, this endorsement has brought us one step closer to realizing our vision for Singapore as Asia’s Lifestyle Lab.” Our Singapore has become the third largest

Moitie

2571 words - 11 pages Name : Soo Chia Chuan Title Of Report : Environmental Analysis Date : 14-02-2014 Student ID : CT0210916 Content Page * Introduction * Company Background * Country Background * SWOT Analysis * Three Pointers Of SWOT Analysis * PEST Analysis * Three Pointers Of Pest Analysis * Definition Of Porter’s 5 Forces * Porter’s 5 Forces Model Of Telecommunication In Malaysia – Table 3 * Porter’s 5 Forces

Strategic Decision Marking – Singapore Airlines (Sia)

5847 words - 24 pages airline in the world and one of the most profitable airlines. 2.0 Situational Analysis SIA established in the year 1972, has grown and consolidated its position to become one of the world’s largest and most successful airlines. It is the national carrier of Singapore, which has an international presence, but a focus on the Asian and Australasian markets. It owns an expansive and relatively young fleet of planes (Singapore Airlines, 2014

Related Essays

Pest Analysis

774 words - 4 pages PEST Analysis – Singapore 1. Political Factors Singapore is well known for its political stability in the region and the country applies a modified model of the Westminster Parliamentary system. Each parliament can sit up to five years maximum. High degree of freedom is enhanced due to political type of right-wing authoritarianism however there are some restricts on political aspect. It is essential to understand the politics to assess the

Casereports

2948 words - 12 pages think the prospect of Eslite in south East Asia is brightening. 2     ESLITE  IN  SINGAPORE   Exhibit 2: Number of Chinese overseas #1 #2 #3 #4 #5 Indonesia Thailand Malaysia Singapore Philippines Source: NationalMaster.com Commercial risk Commercial risks measure the ease of doing business in one country. The index in Exhibit 3 shows the overall environment is friendly to do businesses in Singapore

International Business Communication With Different Background

2537 words - 11 pages others country. The countries that will be research and analyze are: Indonesia-Malaysia, Indonesia-China, Indonesia Singapore. Chapter II: Research The research divided into three groups: Indonesia-Malaysia, Indonesia-China, Indonesia-Singapore. Because those countries located in the same area that is Asia and also because those countries is Relationship-Focused Country, and there’s so much interesting about issue that happened in those

Marketing Essay

925 words - 4 pages Penetration 2 Product Development 2 Market Development 2 7P’s of Marketing Mix 3 Product 3 Price 3 Promotion 3 Advertising 3 Sales Promotion 3 Personal Selling 3 Place 3 People 3 Process 3 Physical Evidence 3 References 3 Appendices 3 Executive Summary Introduction PESTEL Analysis Political Singapore is generally a free port and an open economy. More than 99% of all imports into Singapore enter the