Business Opportunities in Brunei Essay Example | Topics and Well Written Essays - 500 words

Business Opportunities in Brunei - Essay ExampleBrunei is a members of ASEAN, United Nations Organization and the Organization of Islamic Conference. In spite of great policy-making changes, Brunei is still a sultanate headed by Hassanal Bolkiah. The official language is Malay but business companies and organization understand English and Chinese. The currency of the country is Brunei dollar (Brunei. Brunei field Reports 2008).The uniqueness of Brunei business culture is that it is influenced by Hinduism and Islam. Similar to other Asian coulters, Brunei culture has no clearly defined division between religion, philosophy and business. confidence and philosophy are lived every day as a way of life. To understand the Brunei businessmen, for example in the context of business leadership, it is important to understand the principles by which they live and to what extent the teachings of their philosophers are still applicable today (Brunei. The World Factbook 2008). They are extremel y good at exploiting opportunities and at deal-making they are masters of financial, in particular cash, management in short, they are a result of a long series of opportunistic tactical moves. They are persistent, enduring and may travel in business for a long time by simply accumulating slim short-term gains. Historically, one characteristic of the Brunei business leaders is that their power rests on high flexibility, adaptability and political pragmatism.