Do business in Taiwan

Do business in Taiwan
Because we don’t have enough time to mention about Taiwanese culture In the class, I want to add some Taiwanese different culture now and if you are interested in doing business in Taiwan or visiting Taiwan, you have to know about those.

Politics
Like many countries, there are two leading parties in Taiwan, KMT and DPP. In 1949, KMT drew off from China to Taiwan so the relationship between KMT and China is more closed. In contrast, DPP are composed by the people who have lived originally in Taiwan. As a result, people support DPP believe Taiwan is a independent country and if China wants to do business with Taiwan but wants Taiwan to scarify the right being a country, DPP would rather just do business with other countries. Another interesting phenomenon is most of people living in the north part of Taiwan support KMT and most of people living in the south part of Taiwan support DPP. People in Taiwan like to talk about politics even through TV stations have different political tendency. However, it is not a wise action to talk politics with other people especially if you want to do business with Taiwanese people.

Swarm effect
Taiwan is a small inland so Taiwanese people all have international perspective. Most of people had been to other countries. This is totally different from United State and China. As a result, we like a sponge which can gather all kind of different culture or information in other countries especially United State, Japan. People in Taiwan like novel things and food. However, we are also easy to lose the patience in new things or food. For example, several years ago, egg tart is so popular in Taiwan. You can see there are always a long line waiting for egg tart everyday because egg tart need a long time to bake. The egg tart stores appeared everywhere in the street. But after one year, people don’t like it anymore. Of course, those stores all closed.

If you want to do business in Taiwan, you have to know if your business is popular, many competitors will show off and share the markets in the short time. Moreover, people in Taiwan always lose the patience to a industry. How to sustain your business is the most important thing.