Wednesday 12 December 2012

Business: The Aussie way


World over, I believe, business never happens between organizations but between people. The time and investment it takes, for organizations and people to forge these relationships and develop the trust and compatibility to enter into a business transaction, varies though.

In the APAC region where the external ramification of business and relationships are most inter-twined, one region stands out in its external rendering - Australia. Though a cursory observation would make one feel that it is most easy to build a relationship and trust in these markets, the reality is different. The ostentatious’ or rather loud mannerism of a typical Aussie is a welcome change in the APAC market compared to his introvert peers. A typical meeting with the most stranger too starts in an interesting manner, mostly with conversations centered around the traffic he had to circumvent to reach the meeting place, the weather that day or a courtesy query about how I felt about being in Australia. As the meetings progress discussions around wine, wineries, food takes more precedence to the intended topic of discussion, which again is very welcoming.

A typical non-Aussie could very easily mistake this to be a great starter and fast paced move from a relationship point of view ( I was one of them) - it is not. The time and investment needed to develop trust from such conversations is much higher than one would expect. Building a layer of relationship  on top of that is even tougher - yes, the relationship  layer is on top of trust while in many markets and business cultures like in Japan the trust layer is on top of relationship.

It is quite normal to have a meeting scheduled over lunch extent to coffee to beer, which means nothing the first time. However if it recurs there is a subtle layer of trust that is being built whose premise is based on mutual value. Over time it can move to relationships, and relationships bring big businesses. This is unlike many other markets like Japan where relationships brings small businesses to start with, and then tests your patience, while your capability to deliver is evaluated - and then big businesses follow later as an indicator of large relationships.

Interesting, is this world of Asia - from Australia to Japan where there is a pattern of not having a pattern!

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