Doing Business in Taiwan
22
精精 精精精 精精 、、 Lucille Wu IMC Group - President Doing Business in Taiwan Taiwan – Taipei, Hsinchu, Taichung, Kaohsiung China – Shanghai, Beijing, Tianjin
description
Doing Business in Taiwan. 精英、精隼、精明. Lucille Wu IMC Group - President. Taiwan – Taipei, Hsinchu, Taichung, Kaohsiung China – Shanghai, Beijing, Tianjin. Impression of Taiwan. Delicious food Building Medical Landscape Culture Freedom and democracy Traffic ………………………. - PowerPoint PPT Presentation
Transcript of Doing Business in Taiwan
精英、精隼、精明
Lucille Wu IMC Group - President
Doing Business in Taiwan
Taiwan – Taipei, Hsinchu, Taichung, Kaohsiung China – Shanghai, Beijing, Tianjin
Impression of Taiwan
● Delicious food
● Building
● Medical
● Landscape
● Culture
● Freedom and
democracy
● Traffic
……………………….
(Source ； Ministry of the Interior, R.O.C. )
● Business Environment
● The Economy & Foreign Investment
● Opportunities for SMEs or Large Enterprises
● Talent Characteristics
● What You Should Know
Agenda
Business Environment
Extensive Infrastructure
(Source ； Ministry of Economic Affairs, R.O.C.)
A Day of Business Circle
(Source ； Ministry of Economic Affairs, R.O.C.)
Taiwan, a safe & friendly place to live
(Source ； AmCham-2014 Business Climate Survey)
● Taiwanese people are extremely nice.
● My family feels safe in Taiwan.
● Taiwan is an easy country to live in.
● Taiwan provides quality Health/Medical/Dental services.
● Alternative transportation options are usable (i.e., buses, bike lanes, taxis, trains, sidewalks).
● Taiwan provides adequate shopping opportunities.
● Taiwan delivers reliable electricity.
● Mobile telephone coverage is excellent.
● The postal service is excellent.
The Economyand
Foreign Investment
GDP growth rate
(Source ； Chung-Hua Institution for Economic Research)
(%)
Economy is steadily growing.
(%)
Unemployment rates
(Source ； Directorate-General of Budget , Accounting and Statistics, Executive Yuan , R.O.C)
The employment market is getting better and better.
Foreign Investments in Taiwan
(Source ； Investment Commission, MOEA)
Approved Foreign Investment(USD$, thousands)
Opportunities for SMEs or
Large Enterprises
Organization Forms of Enterprises
(Sources: 1. Ministry of Finance Tax Data Center, VAT Data for 2011 、 2012)
Units: enterprises ;%
Industry of Foreign Investment and SMEs' Sales Distribution
SMEs’ Sales DistributionIndustry of Foreign Investment
(Source ； Ministry of Finance Tax Data Center, VAT Data for 2012)
(Source ； Investment Commission, MOEA)
Talent Characteristics
Clients’ feedback on Taiwanese Candidates
● 100% of knowledge but can only express 70% verbally
● Limited English ability, Technical candidates in particular
● Willing to do their best on work
● Not very good at managing their boss
● Concerns family a lot, put family first
Quality of Taiwanese Candidates
Good Qualities
Need Improvement
(Source ； AmCham-2014 Business Climate Survey)
Environment of Developing Talents
Give projects beyond their current responsibilities
Be there, provide support to success
Engage in oversea activities
Attend higher level of manager meetings
Talent Talent DevelopmentDevelopment
What You Should Know
Impact Factors
● Governmental bureaucracy/structure
● Inconsistency of exercising the laws
● Quick changes in local demand
● Inadequate/out-dated laws
(Source ； AmCham-2014 Business Climate Survey)
Local Cultures
● Importance of Face & Dignity
● "Guanxi,“ the connections and relationships
● Communication comes with body languages
● Unorganized meeting schedules
● A custom of Multitasking
● Very conservative
● Slow on decision making
精英、精隼、精明
Lucille Wu, +886 2 2578 2420, [email protected]
Your Business Partner in Human Capital
Taiwan – Taipei, Hsinchu, Taichung, Kaohsiung
China – Shanghai, Beijing, Tianjin
Thank You
