This presentation describes the negotiation style of Singapore business persons. It helps us to understand the context and culture before negotiating with the people and businesses in Singapore.
2. Impact of Geography and History
Singapore is a small island open economy
Dependent on services and hi-tech industries
This influences the culture of Singaporeans
Makes them less risk averse and conservative
More disciplined and hard working
Influences their biz style and negotiation styles
3. Geert Hofstede’s Cultural Dimension
Legend:
PDI- Power Distance
IDV-Individualism
MAS-Masculinity
UAI- Uncertainty Avoidance
LTO- Long Term Orientation
Source: http://geert-hofstede.com/singapore.html
4. Relationship and Respect
Group-oriented
Business relationships mostly exist between individuals
rather than companies
“Saving face”
Values include humility, experience and team spirit
5. Communication-1
Speak in quiet, gentle tones
Silence during conversations does not have a negative meaning
Be indirect
Being direct is considered rude or pushy
What does “yes” or “no” mean?
“Yes” does not mean they agree with you, only that they heard you
“No” means they are not interested
6. Communication-2
Negative messages can be delivered through a third party (“saving
face”)
Non-verbal communication is important
Avoid physical contact except for handshake
Do not touch their head!
Point with the hand, not with a finger
Sucking in air means there’s a problem
Too much eye contact is considered rude and intrusive
Avoid facial expressions that express disagreement
Laughter may be used to hide embarrassment, shyness,
disapproval, and distress
7. Initial Contact & Meetings
Better to conduct negotiations with a team
signals importance, facilitates stronger relationship, speeds up process
Be well aligned in team; clear role assigned to each member
They are good at exploiting disagreements in opposite team
Provide details on titles, positions, responsibilities well in advance
Singaporeans want to know whom they will be meeting
Do not try to hurry along with your agenda
It is unrealistic to expect initial meetings to lead to straight decisions
8. At the Negotiation Table
Talk to the person at the right level
Decision making can be slow or impossible
Coming with unorthodox new ideas will take some convincing
Uncharted territories need one or the other govt. approvals
Some important tips:
- Ask where you should sit or wait to be seated
- Carefully try to establish who makes the decisions
- Be well prepared and establish expectations level at the start
9. Negotiation Styles
Attitudes and Styles
Relationships can be used as a leverage
Value long term relationships than short term gains
Respect hard bargainers as long as they avoid creating direct conflict
Pace of Negotiation
Relationship building, information gathering, bargaining, and decision making can take
considerable time
be patient, control your emotions, and accept that delays occur
Bargaining Style
Love bargaining and haggling
May use a wide array of negotiation techniques quite competently