Macgregor Meats

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Introduction MacGregor Meats Pty Ltd is a medium sized company currently running successfully in Australia and wishes to expand internationally. To be able to expand internationally, new export markets are being investigated. Without the investigation of the country’s trade and laws, it will be more difficult exporting to the selected countries. The purpose of this report is to review South Korea and Iran as potential exporting Markets. This report will investigate the countries customs, beliefs, current existing markets both export & import and their way of business dealings. Problems with MacGregor Meats must be identified so that recommendations can be made and both countries will be suited for business operation. Reasons to Go Global MacGregor…show more content…
During business dealings, having a feast is common and the hosts initiate the meeting one by one introducing people involved in the meeting. After bowing to an individual, it is common to shake hands, blending in the Western and Asian cultural styles. For gifts, they should be wrapped elegantly and both hands must be used when giving a gift. Things that are considered unlucky when giving a gift include; giving 4 of an item and wrapping in green, white or black paper. If possible, numbers of 7 of an item should be given, as that is perceived as lucky by Koreans. The dress code for business meetings is men should wear dark coloured suits with a white shirt underneath. Other than a watch or a wedding ring, men must avoid jewellery. Women are recommended to dress conventionally as well as wearing subdued colours (Kwintessential, 2015). These customs will heavily affect MacGregor Meats due to their non-formalisation, and its poor business standards. They will not be able to handle business with South Korea if MacGregor Meats cannot think forward and organise…show more content…
Therefore, an English interpreter would be necessary. Apparently in Korean culture, less is more when trying to communicate. The person who initiates the bow must say “Man-na-suh pan-gop-sumnida”. This means in Korean “I’m pleased to meet you”. One vital thing to remember when discussing with Koreans is that the person must talk directly with clarity as Koreans unfavour having to ask questions again or need more clarity in speech. Most Iranians speak Persian, the national language of Iran. Just like Korea, a language interpreter is essential for business dealings. When introduced, it is restricted to the same gender as both genders socialise separately. Patience is also a virtue as when discussing with Iranians about general things, they like to take their time into doing so. Decisions are also taken slowly as well as Iranians to become satisfied with foreign businesses. A simple greeting for Iranians is “salaam alaykum” which simply means
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