Life Magazine: Marketing Essential Edition April. 2014 | Page 12

! ! The 10 Strategic 
 Asian Market Planning Activities 
 &
 Procedures Respecting the differences is vital Live there as if you are a local Understanding the shocking differences Imagine you were transferred to a new location to work. You are alone and have no friends. In order to survive and make friends is to blend in. It is the same thing goes to business expansion strategy to Asian market. You need first hand experience to know not only your competition but also to find the suitable allies. Each person has different mindset and operating system. Social value business culture, law system, financial system and government are all very different in each country. Before the expansion of a company, the people in charge should be the expert in all of the differences. Every part of the world has different perception towards the same thing. The simplest example would be the perception of health. What is perceived to be healthy in the U.S might not be the same in other parts of the world. The right partners Everyone needs someone for company in life. It does not matter, it is companion or just a friend. To have a smooth operation of business in a foreign country, the key is to find a loyal partners who will not abandon you in the difficult times. 12