Thai Culture and Business Practices

I. Executive Summary Siameseland is situated in the Southeastern Asia and is well know as the land of smile. Siameseland is perceived to be an interesting market place for foreign investment due to its geographical location and its g overnmentally supported incentives that facilitate Thailands economic development. Hence expanding business to Thailand lead create many opportunities to the company. On the other hand, a study problem that the company should be considered is the cultural differences.

Thai finis is quite complicated and different from the U.S culture. The aim of this memoranda is to cause an insight on Thailand and to give advice for people intending to work there. This memo leave alone address Thai culture, business practices, cultural pitfalls, and rough-and-ready strategies for doing business in Thailand. This memo reflects information gathered by means of interviews with a Thai businessperson and other related sources on the Internet.

Approximately, ninety-five percent of Thais are Buddhist. Therefore, the culture focuses on remark and politeness, avoiding offensive behaviors, being compassionate, and discouraging certain ambitions. Besides, Thailand is a hierarchical society, social relationships are defined as superiority over each other. This leads to the value of place and ?face? in Thai culture. Thais family name, title, seniority (in rank or age), education, connections, clothes, etc. are uttermost more vital to them than to many foreigners.



As a result, Thai etiquette and business practices are based on the value of status and face, which involves the Buddhist religion. For example, showing anger, or raising your voice in public is not appropriate, Thais show respect and obedience to their superiors, therefore, questions or disagreements rarely are raised in meetings or presentations.

Moreover, Thais will be appreciated if you show interest in get to know and understand Thai culture and trying to identify and follow the ?rules? of proper behavior. The major...

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