HOW DOES CONDUCTING BUSINESS IN AUSTRALIA DIFFER FROM JAPAN? GBS ASSIGNMENT 7

CONDUCTING BUSINESS When conducting business in any country, several factors come into play:  Country background  Management style  Business structure  Entertaining styles  Communication  Dress code

HOW CONDUCING BUSINESS DIFFERS IN AUSTRALIA AND JAPAN: Australia  Lack of a domestic market  Less opportunities  Geographic isolation  Need to have international trade  Eager to do business with other countries  Successful country because of dependent trade.  Find prosperity in trade with other countries. Japan  Lead in many diverse sectors  Very deep historical roots  Deep personal relationships vs. just business relationships  A lot of time investment  Business models tradition and loyalty

AUSTRALIA  Business structures:  Humility  Achievements vs. ranking  Management:  Not a hierarchy  Humility  Meetings:  Punctuality  Small talk  Open debate forum vs. agenda based  Communication:  English (vastly spoken)  Straightforward  Humor  Dress code:  light business suits  Casual outside of major cities  Avoid excessive jewelry

JAPAN  Business structure:  Hierarchy based  Team working way of life  Decisions take time  Management:  Hierarchy  Availability  Meetings:  Punctuality  Long time after, relationship building  Business cards  Gift giving  Communication:  Japanese  Stated vs. thoughts  Be still, very formal  Dress code:  Very formal

CONDUCTING BUSINESS SUCCESSFULLY Australia Humility, it is very important to be humble and not try to seem you know everything. A hierarchy approach does not go well when dealing in business. Friends amongst all levels of business. Decisions are a team effort. Be laid back. Japan Focus on achieving, deep long-term relationship. Be polite, try not to show irritation. Never be pushy for deadlines. Preform as many favors as possible, in this culture favors must be repaid. Go over points several times and ask questions to ensure comprehension.

CONCLUSION  In conclusion, when dealing with any different country to conduct business it is important to study the current business culture.  There are several different factors and business varies vastly between different countries.  It pays off to be educated before entering into a new business culture

BIBLIOGRAPHY  "Business Culture in Australia." Top Tips on Australian Business Attitudes and Doing Business in Australia. Web. 25 Nov  "Business Culture in Japan." Top Tips on Japanese Business Attitudes and Doing Business in Japan. Web. 25 Nov