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Kalei Perdue Juliana Cappa Martins de Oliveira Maryana Manucharyan

Thailand

http://upload.wikimedia.org/wikipedia/commons/4/47/Thailand_map-icon.png http://chicagointernationaltrade.com/images/43flag.png

Country Overview

Thailand Facts

Ethnic groups Religion Language

Education
Health Constitutional monarchy Trading partners
http://www.thailandtravelsite.com/Thailand-Map.php

Business Tips

Tardiness

Holiday months- April and May Language/ interpreters

Underrepresentation of women

http://travel.ogate.com/travel-center/travel-guides/thailand-wondrous-kingdom-featuringbuddhist-temples-exotic-wildlife-spectacular-islands

Relationships

Good relationships are part of the negotiation process Social activities=YES! Building familiarity

Indirect communication

http://scottsdale-arizona-mortgage.com/finding-a-mortgage-broker

Business Practices

Long decision making process Proper greeting methods - Sign of respect the higher the hands

First name basis


Business card

http://www.varming.dk/pictures/Business%20cards/Thailand/slides/ JJV%20Transport%20Limited%20Partnership%20-%20Pattaya.html

http://www.hsd3.org/HighSchool/Teachers/MATTIXS/Mattix%20homepage/studentwork/Pimf han%20Web%20pages/Accets/compassion-sponsor-a-child_wai-greeting-1.jpg

Etiquette
DO Wear Business Attire Take Shoes Off Establish a Relationship Before Business DONT Plan meetings at the beginning or end of the day Touch Dont rush negotiations

http://www.businessnewsshanghai.com/china/culture-and-business-etiquette-in-china/

Advantages of Doing Business in Thailand

Contracted 10.7 % in the 4th quarter of 2011 over the previous quarter. Average 1993-2011 quarterly growth is 0.98% historical high 7.10%in September of 1993

Background on GDP

Low of -5.10% in March of 1998

Advantages

Easy to start Open and welcoming economy Diverse manufacturing sector

Pro-active government policies


A large, adaptable and cost-efficient workforce Legal protection from expropriation

Other Advantages

Geographically (Gulf of Thailand, Andaman Sea) Population (69,122,234) English language

http://travelsinparadise.com/travelpictures/thailand.html

Disadvantages of Doing Business in Thailand

Culture

http://geert-hofstede.com/thailand.html

Politically Driven Risks



Red vs. Yellow shirts Constitutional changes Government control of public news Parliament and court appointments Separatism in south

http://www.siamhealthandbeauty.com/images/Yinglak-Chin-03.jpg

http://asiapacific.anu.edu.au/newmandala/wp-content/uploads/2011/05/Abhisit-v-Thaksin.jpg

The Foreign Business Act 1999 of 1999

Three categories

One: Prohibited Two: Already owned Three: Special permissions

Definition of Foreign US is the exception


http://www.matthiaserdmann.net/2010/08/bangkok/

Illicit Trade

Police Human trafficking Drugs Money laundering Terrorism


http://www.simpleregistry.com/notforsale/

http://news.bbc.co.uk/2/hi/uk_news/1857625.stm

Other Risks

Monsoons Natural Disasters Devaluation of Bhat

Business Partners
Culture

http://yaymicro.com/stock-image/monsoon-season-in-thailand/1273150

Questions?
?

Works Cited
AMB, Thailand. N.p., 2011. Web. 19 Apr 2012. Antipolis, Sophia. "Thailand Country Risk Analysis LVMH." Global Finance. European School of Business, 19 April 2007. Web. 29 Apr

2012.
Benefits of Doing Business in Thailand. Communicaid Blog. Communicaid Group Ltd., 18 Jun. 2010. Web. 19 Apr. 2012. <http://blog.communicaid.com/cross-cultural-training/benefits-of-doing-business-in-thailand/> Business in Thailand: Invest or Not?." Bangkok Picture. N.p., 2005. Web. 19 Apr 2012. <http://www.bangkokpicture.com/expats/business.php>. Hofstede, G.. "Geert Hofstede." National culture. ITIM, n.d. Web. 19 Apr 2012. <http://geert-hofstede.com/thailand.html>.

Pundit, Bangkok. "Thailand: Political Risk." Asia News. Asiancorrespondent.com, 24 Aug 2009. Web. 19 Apr 2012.
Thailand." Cia -the world factbook. Central Intelligence Agency, 2012. Web. 19 Apr 2012. The foreign business act." Asia Law. Thailand Lawyers, Attorneys & Legal Services, 2012. Web. 19 Apr 2012. <http://asialaw.tripod.com/articles/forbusiness.htm>. Thomas, Alita. Why Thailand?. Business-in-Asia.com. Web. 19 Apr. 2012. Ease of Doing Business in Thailand. The Bank. 2012. Web. 19 Apr, 2012. Walker, Andrew. "Abhisit versus Thaksin." New Mandala. New Mandala, 18 May, 2011. Web. 19 Apr 2012. "What Countries In The World Speak English 2012." ExsploreDia.8 Sep. 2011. Web. 1 May 2012 <http://exploredia.com/whatcountries-in-the-world-speak-english-2012/> World

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