Research paper "New Zealand" Examintation of its business

"New Zealand" Examintation of its business practices - Research Paper Example In the country, the normal business hours are from 8.30 am to 5pm from Monday to Friday. For some businesses, they open on Saturday but not on Sunday and the normal business hours are usually from 9am to 12.30 pm. When intending to meet any business associate, individuals are advised to make an appointment in advance and business meetings are expected to start just after a few minutes of a small talk (Collins, Roper, & Lawrence, 2010). Trust in the business world in New Zealand is considered as a very important factor. Thus, individuals are encouraged to cultivate and build trusting relationships. If an individual’s indicates to a colleague some reasons not to trust them, then it becomes very difficult to rebuild the trust back. Business transaction’s, presentations and negotiations needs to be clear and on the point without a lot of flowery languages, as such practices are frowned upon. Often business negotiations are expected to take time without rush or the application of unnecessary pressure to force the deal through in order to make a sale in an effort of retaining the customer and convincing them appropriately in the right manner (Campbell-Allen, Houston, & Mann, 2008). According to Collins et al., (2010) the New Zealand business community does not allow haggling. In this regards when doing business, it is important not to start with high prices expecting to bargain downwards. Rather business p ersons need to start with realistic figures that provide the customer the required value for their money or they will opt for other alternative options. The accepted language for doing business is English, and very few organizations, and companies will use another language unless the particular language is specifically required for a delegates meeting or an event. When doing business in the country, first impressions are considered important. Therefore, when