|← Report for Healthy||Company's Short Description →|
The Kingdom of Cambodia is located in the Southeast Asia, and it is governed through a monarchy. A larger percent of Cambodian population live under the poverty line. Statistically, 67% of the pollution relies in agriculture with further advancements made in tourism, textile and construction. Phnom Penh is the country’s capital city where most of administration functionalities are conducted. Buddhism is the most popular religion among its population (Travelinfo.Com, 2004).
In 2005, the country made research advancements in such mining as oil, and natural gas deposits were discovered in its northern part. With the aforementioned advancements, it is safe to postulate that the country is open to immense business opportunities. The country is also ranked well in terms of “ease of conducting business”. Notwithstanding, potential investors seeking to conduct businesses in the country are required to deposit an initial capital of approximately 4 million KHR. It should be noted that the Commercial Register is the government body mandated with the responsibility of determining a company’s eligibility before commencing with operations. Total costs for registering a company’s amounts to $ 495, the amount being inclusive of VAT and patent rights for the company (Doing Business, 2012).
Another important fact to note is that citizens are willing to learn English as a business language and the government is in the process of formulating policies, as well as strategies, which are aimed at improvising the manner in which business operations are to be conducted. Such formulations include providing necessary materials needed for learning the language. In Cambodia, green and red colors are considered lucky and thus, are acceptable within the culture, while color white is considered unlucky and tabooed in that matter.
A culture of people is considered the most important aspect which can be used to determine the success of conducting business. In terms of power and authority, the culture of Cambodia distinguishes different forms of referent powers existing within an organizational setting. A clear distinction is made between young and old, as well as superiors and subordinates. This distinction facilitates the smooth operation of a company, since directions and policies are adhered to without questions (Hofstede, 2007).
Authoritative leadership style is the most appropriate form of conducting the organization’s operations, since executives are allowed easier approach needed for making independent decisions (Mai, 2009). Within its culture, citizens are fond of keeping a reputable personality. This means that superiors desist from those activities which destroy ones traits, as well as characters. Degree of cohesion and loyalty is considered a significant piece in bringing people together. Therefore, care should be taken by H4Y when dealing with matters; business as activities is conducted in a manner that discourages elements of shame and embarrassment in public (Export.gov, 2012).
Taking into account the fact that the country experienced the political unrest, it is safe for H4Y to engage in assigning roles which promote the gender equality and cohesion. The political unrest is attributed to the reduction in the number of males which forced women to assume those roles which were previously held by men.
To sum up, culturally, it is fair to assume that the aspect of collectivism determines leadership styles in Cambodia, group of workforce can work effectively whenever elements of authority are exercised and also foreign organizations wishing to set up institutions are advised to maintain element of gender sensitivity with respect to delegating duties and authority (Serpa, 2003).