Friday, May 6th, 2016

Asia – a burgeoning business district

Manik Roy | May 6, 2016 12:00 pm Print
Why Asia will be an important business hub in the next 20 years from now, because, it is the place where you will see the microcosm of Asian power
File Pix : Singapore

For any business, you will need physical, intellectual and economical impulse throughout its journey. The reason is that smoothness and freedom is essential stuff in this regards as well. Moreover, you can say that why Asia will be an important business hub in the next 20 years from now. The answer lies on its pit where general people will never like to look at it as well. Because, it is the place where you will see the microcosm of Asian power. It runs through its cultural, ethnic and lifestyle. You should keep in your mind that the business root of the Asian is quite different from the Western business root. The reason is that the Western business root lies on its innovation and financial opulence. However, in the case of Asian business root which lies on its marketing and consumer’s happiness.

In this case, you will see that consumer happiness is the prime concern for the Asian business community. Therefore, the Asian business community always tries to provide the excellent after sale services to all brand is customers throughout the world. In this matter, Asia region is well ahead from the western and European counterpart. Sometimes, we hesitate to accept Asia’s power in the business world. The main reason is that it mostly relies on the after sales services as well. In this matter, the future of world business hub belongs to Asia. It is observed that some criteria will be responsible in this regards. Therefore, you will feel the power of this criterion in this manner.

Flexible Visa

Generally, for any kind of business development, you will require the free communication without any barrier. Therefore, if you require communicating from one country to another country, you will require flexible visa procedure. In this matter, visa procedure in the Asian countries is more flexible than the North America and European countries as well. Moreover, where tourism is highly appreciated, business will flourish in the significant manner. Because, it will draw the whole society into the particular economy through its flexible entry permit.
Cultural Root
Asian cultural root follows tolerance, which you will see in every religion in this region as well. If you are wise in your conviction, then you will see that every religion in this region shows some kind on softness in its orthodoxy. Although sometimes religion tries to exaggerate the situation, but get back into its lesser amount due to regional cooperation. The main difference from American and European business is that Asian business curtilage follows the regional empathy, which is embodied by the principles of ceaseless service for the product over the times. Even, you will see that regional communication among the Asian countries is outstanding. Although American and European giants are still kept their horn all the way. Actually, the next 20 years from now, Asia get the maximum advantages over the Western business community in this regard.
Food habit
In the Asian region, the food habit of its people is comparatively same. The reason is that the Asian countries are geographically is under the canopy of tropical climate which make the food style more of less same. The prime foodstuffs are rice, meat and spices. This kind of food habit will make the different type of business mind. The reason is that you will find the negative pairing in the food recipes of Asian dishes. Even you will find the positive pairing in the food recipes of the American and European food dishes as well. You should know that business runs in the mind and mind need constant food supply to make it work in the inquisitive way. Therefore, food habit plays a great role in this matter as well.
Business identity
If you are a history fan, then you will see that the principles of business were originated from the Asian countries from the ancient time. Actually, what happens is that American and European business mind was the first users of the Asian business principles. Over the years, they polished their business acumen for getting the maximum benefit from it. In this matter, Asia has a unique advantage over the western business.
Unity in diversity
Generally, the business community is diverted into small groups. Therefore, they work like a receptor in their respective business community. If you are intelligent, then you will see that Asian business depends on small business groups, which give ancillary support to the big businesses as well. Whereas, you will see that the Western business works like a canopy under a big business. Therefore, in this case, if the big business could not run well in the market, then the ancillary businesses also suffer most. Nevertheless, in the case of Asian business, this type of suffering is in the lesser amount as well. If any small business is not working well, then other small business come with backup. Therefore, that it can minimize its losses as well.
Vast market
Practically, Asian business market is very much younger and it is getting maturing day by day. The reason is that its younger population and the tremendous appetite for consumption on various fronts also. This type of market is a boon for Asian business, which is very much rare in American and European market. In the Asian region, the demand and supply goes neck by neck. Therefore, you can expect consistent market flow over the times as well.
Royal customers
For Asian business, the role of its customers is crucial. Because, it is observed that initially the acceptance from the customers for a new product takes time but once they convince on the product about its truthfulness, then it will get into their heart forever. It is also true that the Asian consumers like to use its product in the simpler way. Therefore, any complexity in their way makes them irritable. One positive point is that they have intense enthusiasm for a new product, which makes the business rolling as well.
Youth base
It is true that younger population of a region will always steer the business at the break-neck speed. Now the Asian population has younger mind and a lot of demand for the new products. For the case of American and European population have older population. Therefore, choice and expectation is rather low as comparing to the Asian population. Therefore, Asia is now a burgeoning business district, which has all elements to rule in the next 20 years from now in the world. Only expectation is that it will keep its momentum for the long time to make an impact on the world business as well.

Manik Roy