A comparison of business transaction strategies in Nigeria, Japan and Thailand.
Written in 2006; 2,297 words; 9 sources; APA; $ 70.95
Paper Summary:
This paper compares the similarities and differences in the political systems, economy and culture of the countries of Nigeria, Japan and Thailand. It examines the benefits and detriments that might occur while business transactions are being processed. It also looks at the best possible approaches that business people in each of these countries should optimally utilize for achieving the best possible results in both the long and short term.
Table of Contents:
Objective
Introduction
Overview of Japan
Key Issues Relating to Business Transaction Difficulties
Overview of Nigeria
Key Issues Relating to Business Transaction Difficulties
Overview of Thailand
Key Issues Relating to Business Transaction Difficulties
Comparison of Nigeria, Thailand, & Japan
Summary and Conclusion
From the Paper:
"The structural characteristics in large Asian firms that present problems in the global business society are factors such as the fact that Asian firms are generally very poorly structured, family owned and managed businesses with investments being based on connections and centralized decision-making. Cash accounting is the preferred method of business transaction which results in the companies being greatly limited in the global market. Companies are categorized by internal funding and little to no transparency in accounting and auditing processes.., Abuse of minority shareholders is prevalent and management is patriarchal."
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