Taiwan

taiwan

Taiwan's eventful past has impacted its culture. Learning the country’s history gives you an advantage when doing business in Taiwan.   The Three Teachings   Taiwan has been under Dutch, Spanish, Japanese and Chinese control since the 1600s. Each nation has left an impression on Taiwan, but none more than China.   The “three teachings” are Chinese philosophies that make up the foundation of Taiwanese culture. They influenced Confucianism concepts such...

Read More
Taiwan-skyline

Have you ever heard of smart cities?   Business consulting firm Frost & Sullivan projects that the global smart city market will be valued at $1.56 trillion by 2020.     What makes a city smart?   Smart Cities Council describes smart cities as "having digital technology embedded across all city functions."   Don’t worry, you have nothing to fear.   In fact, the rise of these futuristic cities offers unique benefits for your business.   [qodef_blockquote text="Taiwan...

Read More
Taiwanese city scape

The Republic of China   When Portuguese explorers found Taiwan in the 16th century, they named it Ilha Formosa or "beautiful island."   Taiwan is a small nation that packs a large punch. Despite being an island, Taiwan is the most populous country, and largest economy, not a member of the United Nations.   [qodef_blockquote text="Taiwan also happens to be an international business delight. It ranked 11th out of 189 economies...

Read More
Man on his smartphone

Taiwan has the second highest smartphone penetration in the world, with 76% of Taiwanese people using a smartphone daily.   How does this affect your small business?     1. Production   Smartphone penetration positively affects a nation's production.   A 2012 report projected that a 10% increase in smartphone penetration would produce a 4.2% increase in Total Factor Productivity, a measurement of a nation's long-term economic outlook.   [qodef_blockquote text="Since Taiwanese goods are...

Read More
networking

Networking is an important part of doing business anywhere. If you're doing business in Taiwan, however, you may notice there's a few differences in how they view business connections.   Guanxi is a Chinese term that is similar, but not identical, to networking in Western culture. It stems from Confucianism, which emphasizes the importance of relationships, trust and social harmony.   Successful business in Taiwan will rely on...

Read More