3. · Political factors Singapore The political risks in

3. Analysis Singapore and Slovenia.

1.      
Country’s social factor

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·        
Political factors

 

Singapore

The political risks in Singapore is quite low. In fact, the Political
Economic Risk Consultancy states the country enjoys the lowest political risk
in the continent. Singapore is a democratic country which is the people elect
their own leader. Since its independence, they appreciate political stability.
Now, the stability has translated to peace and a better standard of living.
Singapore also have a lot of transformation in a way to improve their business
opportunities.

 

Slovenia

Creative industries in Slovenia are strongly hindered by the small
domestic market. Because of that, one of the specifics of Slovenia is, that
publishing is a non-profit, therefore partially subsidised industry. Difficult
conditions on the market in general result in market concentration and
competition based on price. There is a lack of collaboration of the cultural
sector with other sectors, for example tourism, education and there is also a
general lack of the cooperation culture.

 

The comparison between this two countries is the type of political which
is Singapore about democratic and anyone free to be in the business market but
Slovenia are strongly hindered by the small domestic market, so that hard for
the creative industries enter the business market.

 

 

 

·        
Economic factors

 

Singapore

Singapore is vibrant free-market economy. It is developing at a very fast
pace, the country’s per capita income is the highest in ASEAN. A corruption
free environment supports the business support the business sector supports the
business sector. It is among
the most competitive countries. The legal and financial business framework
helps as well. The government has invested in variety of economy due to
encourage people to be an entrepreneur. 

 

Slovenia

The main findings is
Slovenia is the lagging behind, the professional infrastructure exists, but is
not closely linked, that non-programming function does not motivate and the
researches and analysis are needed in order to provide support for an efficient
strategic plan of measures.

 

Economic factors for
Singapore is the good one because of business support that government give to
them.

 

·        
Population

 

Singapore

Total population in
Singapore 2014 show 5.5 million.

 

Slovenia

Total population in Slovenia 2014
show 2.1 million

 

·        
Language
used

 

Singapore

The four main language
of Singapore are English, Mandarin, Malay and Tamil while the symbolic national
language is Malay.

 

The main language is
English and it’s officially the main language in all school, common language of
administration and is promoted as an important language for international
business.

 

Slovenia
The national
Slovenian language is spoken natively by 91.1% of the population only 4.5% are
native speakers of Serbo-Croat, but it is widely understood. 4.4% (minority
communities near the national borders) speak Italian and Hungarian. Spoken
English is on the level of other European countries in the nearby region.

 

2.       Country’s economic factors

 

·        
GDP

 

Singapore

Based on our research, Singapore
in 2017 show GDP $291.8billion.

 

Slovenia

GDP in Slovenia 2014 is $42.8
billon.

 

GDP in Singapore higher
than GDP in Slovenia, this shows Singapore have

Good performance than Slovenia based on the GDP. GDP shows total value of
everything produced by all the people and companies in the country. So, value
of everything produced in Singapore are more than in Slovenia.

 

·        
GDP Per Capita

 

Singapore

GDP Per Capita in Singapore 2014 shows $51,431

 

Slovenia

GDP Per Capita in Slovenia 2014 shows $20, 733.

 

GDP Per Capita is a measure of the total output of a country that takes
gross domestic product (GDP) and divides it by the number of people in the
country. Singapore have higher GDP Per Capita compare to the Slovenia. This is
show performance in Singapore are better than Slovenia.

 

·        
World Bank Rating

 

Singapore

In the 2017, Global Financial Centres Index, Singapore was ranked as
having the third most competitive financial centre after London and New York
City.  These include multiple currencies,
internet banking, telephone banking, checking accounts, saving accounts, debit
and credit cards, fixed term deposits and wealth management services.

 

Slovenia

The World Bank and International Finance Corporation (IFC) rank Slovenia
in 35th position in the world for ease of doing business,
highlighting the strength of the corporate landscape.

 

World
Bank Rating show that Singapore has a stable position than Slovenia, this show
Singapore has a good performance in World Bank Rating.

 

 

3.      
Country’s Natural resources.

·        
Natural resources

 

Singapore

Natural resources in Singapore can be categorized into non-renewable
resources and renewable resources.

 

Natural resources for non-renewable such as coal, oil, or natural gas.
Singapore has very limited non-renewable resources. Renewable resources relied
on the use of biomass. Biomass energy is the utilization of energy stored in
organic matter.

 

Slovenia

Natural resources for Slovenia are lignite, lead, and zinc, building
stone, hydropower and forests.

 

In the both countries, have their own natural resources. So that, this
two country have their own specialization in their natural resources.

 

·        
Main industry

Singapore
Main industry for Singapore are electronics, chemicals, financial services, oil
drilling equipment, petroleum refining, rubber, food and beverages, ship repair
and offshores construction.

Slovenia
Main industry for Slovenia are ferrous metallurgy and aluminium products, lead
and zinc, smelting, electronic (including military electronics), trucks,
automobiles, electric power, textiles and chemicals.

Both country have different in
main industry. Only electronics and chemicals are the same industry on the both
country.

 

 

4.      
Risk and Challenge in this two country

 

·        
Singapore

The main challenge in Singapore is to boost its comparatively low levels
of perceived entrepreneurial skills, knowledge, experiences and opportunities
to start a business in the country. Improving these would push more individuals
to eventually put their intent to start a business

 

·        
Slovenia

First
challenge doing business in Slovenia is starting a business. Newly-formed
Corporation must pay in 44% of capital in a bank account when starting up and
collect a receipt before registering. The procedure should take less than a
week.

Secondly, getting electricity
where the electrical connection is arranged by the official agency responsible
for the municipality. Applications are sent to the appropriate governing body
and they will supply the agreement and conduct the external works.

Getting credit also the challenge
in Slovenia, The World Bank and IFC rank Slovenia in 104th place in
the world for ease of getting credit because of low scores across all the major
indices.

 

 

 

 

 

 

 

 

 

 

3.2 Analysis on dimension of Singapore and Slovenia

 

Dimension analysis comparison:

1)     
Power Distance

 

·        
Singapore

 

Score high on this dimension with 74. With the Chinese
background, normally have a syncretic approach to religion which dominant
approach in Singapore. Key of Chinese teaching is the stability of society,
based on unequal relationship between people. Five basic relationship was
discriminated which is ruler-subject, father-son, older brother-younger
brother, husband-wife and senior friend-junior friend. This relationship based
on mutual and complementary obligation.

 

·        
Slovenia

 

Score high on power distance with 71. It means that
the people accept hierarchical order in which everybody has place and no need
justification. Hierarchy is an organization is seen as reflecting inherent
inequalities, centralization is popular, subordinate expect to be told and the
ideal boss is a kindly autocratic.

 

Singapore have more 3% of power distance than
Slovenia. This not too much contrast but both country have less population also
member in institution so that both country accept the power not distributed
equally.

 

2)     
Individualism

 

·        
Singapore

 

Score 20 is a collectivistic society. This means “We”
is important, people belongs to in-group who look after each other in exchange
for loyalty. It can see from second principle of the Chinese teaching which is
the family is the prototype of all social organizations. Children should learn
restrain themselves, to overcome individuality to maintain the harmony in
family. Harmony found when everybody faces the sense of dignity, self-respect
and prestige. Social relation should be conducted in such a way that everybody’s
face. Paying respect to someone is called giving face.

 

·        
Slovenia

 

Score of collectivistic society by 27. This is
manifest in a close long-term commitment to member group like family or
extended relationship. Loyalty is the main thing and over-rides most other
societal rules and regulation. The society fosters strong relationship where
everyone takes responsibility. In collectivist societies offence leads to shame
and loss of face, employee relationship perceived in moral terms like family
link.

 

Based on graph, Slovenia has the higher with
difference 7% than Singapore. It means that Slovenia have the greater
interdependence a society maintains among its members group rather than
Singapore.

 

3)     
Masculinity

 

·        
Singapore

 

Score more on middle but still more side on Feminine
which is 48. This means that the softer aspects of culture was take over in
country such as levelling with others, consensus, sympathy for underdog are
valued and encouraged. Being modest and humble is very important to showing
that one knows and come to educated the parts is not liked.  Conflict are avoided in private and an
important agreement will achieve at the end. Being cautious during discussion,
not too persistent.

 

·        
Slovenia

Scores 19 on
this dimension and more consider on Feminine society. The countries focus on
“working in order to live”, managers struggle for agreement, people value
equality, solidarity in their working lives. Conflict resolve by compromise and
negotiation. Flexibility are favourable and more focus on well-being, status is
not shown.

From
Masculinity side, Slovenia have the lowest percentage that show Feminine on
this country. It means that Slovenia have dominant values in society are caring
for others and quality of life. This is where quality of life is the sign of
success and standing out from the crowd is not admirable.

 

4)     
Uncertainty Avoidance

 

·        
Singapore

Score on 8
which the very low on this dimension. People abide to many rules in this
country not because need for structure but because of high PDI. That’s why the
Singaporeans call it “Fine country. You will get fine for everything.

·        
Slovenia

88 on scores
that give very high preference for this dimension. This scores reflect on
maintaining rigid codes of belief and behaviour also intolerant of unorthodox
behaviour and ideas. The cultures emphasize on emotional ned for rules where
time is money, people have inner urge to be busy, precision and punctuality are
the norm, innovation may be restricted, security the most important in
individual motivation.

Uncertainty
Avoidance have higher scores on Slovenia rather than Singapore. Slovenia have a
culture where they feel threatened by ambiguous or unknown situation, create
beliefs and institution to avoid these things.

 

SWOT Analysis:

1)     
Strength

 

·        
Singapore

 

The manufacturing industry is well-diversified with
significant electronics, petroleum, chemicals, mechanical engineering and
biomedical sciences manufacturing sectors which is established 26% of GDP in
2005. It has been rated as most business-friendly economy in the world. Singapore
is popular travel destination, making tourism one of its largest industries.

 

·        
Slovenia

 

Slovenia have the concentration of institution and
firms in Ljubljana capital. It have strong public sector. The high quality of
education and training programmes in some sub-branches include in strength of
this country. They have tradition that they need to keep going also need to
internationally recognised individual in the country.

 

2)     
Weakness

 

·        
Singapore

 

The population of Singapore as of 2009 was 4.99
million, of whom 3.73 million were Singaporean citizen. The country has
multi-lingual nation. The official languages are English, Malay, Chinese and
Tamil that exactly same as Malaysian. The population not stable based on total
land area of only 704 km².

 

·        
Slovenia

 

Slovenia has many missing infrastructure that they
cannot develop in some sub-branches. It also has lack of educational programmes
that they give for student. The business in Slovenia have small market also
poor to manage their own business. They only compete the business based on
price of the product.

 

3)     
Opportunities

 

·        
Singapore

 

Singapore solve problem of population with land
disputes with Malaysia and Indonesia. The rising technology in America also an
opportunity for them. New brand of crude oil for Asia can secure transportation
and shipping contracts due to location.

 

 

 

 

 

 

·        
Slovenia

 

As for Slovenia, they has the increase of demand for
creative product that they produce. The country also linking the culture to the
sector. Slovenia has Creative Industries for restricting of Slovenian business
sector.

 

4)     
Threats

 

·        
Singapore

 

Half of the water comes from rain collected in
reservoirs and catchment area while rest from Malaysia. Rising level of sea can
will perish and decrease scarce land resource in many island. Financial crisis
in USA and Europe when no taken care soon will suffer Singapore heavily.

 

·        
Slovenia

 

Slovenia will has suffer of economic crisis which is the
problem will happen in private sector and lack of public funds. Rapidly
changing technology will make Slovenia collapse. The country also will facing
fierce competition from other countries that cause of easy on copy of content.

 

As the
explanation above, Singapore most worried on population of people in country
because of limits area instead of economy that have advance than Slovenia and
also Singapore doesn’t have resource itself, it depends on other country. As
for Slovenia, it has less quality is business market. They can’t develop
country very fast because of lack of knowledge about business management. So,
both country have their own SWOT Analysis even its different each other.

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