Transcript Doing Business in Taiwan

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
……………………….
(Source；Ministry of the Interior, R.O.C. )
Agenda
●
Business Environment
●
The Economy & Foreign Investment
●
Opportunities for SMEs or Large Enterprises
●
Talent Characteristics
●
What You Should Know
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
●
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.
(Source； AmCham-2014 Business Climate Survey)
The Economy
and
Foreign Investment
GDP growth rate
(%)
Economy is steadily growing.
12.00
10.76
10.00
8.00
6.00
4.19
4.00
1.48
2.00
0.00
-2.00
2.11
-1.81
2009
2010
2011
2012
2013
-4.00
(Source；Chung-Hua Institution for Economic Research)
Unemployment rates
The employment market is
getting better and better.
(%)
7.00
6.00
5.85
5.21
4.39
5.00
4.24
4.18
4.00
3.00
2.00
1.00
0.00
2009
2010
2011
2012
2013
(Source； Directorate-General of Budget , Accounting and Statistics, Executive Yuan , R.O.C)
Foreign Investments in Taiwan
Approved Foreign Investment
(USD$, thousands)
(Source； Investment Commission, MOEA)
Opportunities for SMEs
or
Large Enterprises
Organization Forms of Enterprises
Units: enterprises ;%
(Sources: 1. Ministry of Finance Tax Data Center, VAT Data for 2011、 2012)
Industry of Foreign Investment and SMEs' Sales
Distribution
Industry of Foreign Investment
(Source； Investment Commission, MOEA)
SMEs’ Sales Distribution
(Source； Ministry of Finance Tax Data Center, VAT Data
for 2012)
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
Engage in
oversea
activities
Attend higher level of
manager meetings
Talent
Development
Be there, provide
support to
success
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
Thank You
精英、精隼、精明
Your Business Partner in Human Capital
Taiwan –
Taipei, Hsinchu, Taichung, Kaohsiung
China –
Shanghai, Beijing, Tianjin
Lucille Wu, +886 2 2578 2420, [email protected]