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Doing business in Indonesia: a case for Australia and New Zealand - Essay Example

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This paper is descriptive summary of doing business with Indonesia in the perspectives of an Investor. Interested investors in this report are Australians and New Zealanders who recognize the importance of globalization. …
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Doing business in Indonesia: a case for Australia and New Zealand
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Download file to see previous pages This paper is descriptive summary of doing business with Indonesia in the perspectives of an Investor. Interested investors in this report are Australians and New Zealanders who recognize the importance of globalization. Interested investors in this report are Australians and New Zealanders who recognize the importance of globalization. They find Indonesia interesting as this country has been reported to become one of the economic powers in the future.Investment in this country will not be so easy as it has diverse culture from Australia and New Zealand. In this context, this study will provide an insight to the differences in culture and business strategies that consist of the external environment of the country. Findings of the report will guide investors in their decision and prepare the strategies they will need in entering this market. Method of research is exploratory and done through data collection from reliable sources of published statistics, reviews and country sites. A sample of an strategic alliance of foreign company in Indonesia has been provided to show how it survived doing business in Indonesia.Government encourages investment along these areas because of its need for development. Indonesia is considered as one of the fastest growing economy in Asia next to China, India and Vietnam. OECD has considered it as part of the BRICS group of countries that is expected to play an important role in the world economy. BRICS group is composed of Brazil, Russia, Indonesia, China and South Africa. (OECD, 2011). In this concern, many countries have stated their interests in doing business with Indonesia and to take part in investments in this growing economy. Two countries, which will be the core of this study, are Australia and New Zealand. However there are many things to consider before any investments should be done, among which are the culture and the external environment that will determine the objectives and strategies in entering the Indonesian market. Basic business cultures First part of the study looks at the cultural differences of Indonesia, Australia and New Zealand to understand their diversity in business practices. Analysis in this context is guided by cultural models professed by Hofstede or Trompenaars that should be applied in the workplace. For purpose of inter-culture understanding, culture has been defined by several authors, but basically it is a shared pattern of behaviours and interactions, cognitive constructs affective understandings that are learned through a process of socialization. In essence, culture is how members of the group perceive, use and interpret them. It is the values, symbols and perspectives that distinguishes them from other groups (CARLA. n.d.., Banks & McGee 1989) Culture of Indonesia. Indonesia is basically an Islamic country. It is been considered as the world’s most populous Islamic country and also the world’s largest Islamic democracy (Indonesia country brief). However its culture in very much diversified as there are more than 300 languages used by different communities. According to Cullen and Parboteeah (2011) Islamic standards and norms are very much important to them and this should be carefully understood by for the foreign investors in entering the Indonesia market. The basic five pillars of the Islamic religion must be obeyed and respected. Previously the business culture in Indonesia was dominated by the small family businesses. Management theorist, Hofstede suggests that culture should have equality ...Download file to see next pagesRead More
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