This paper is published in Volume-4, Issue-1, 2018
Area
Business
Author
Saptharaj Kalburgi, Gaurav Kochar
Org/Univ
Christ University, Bangalore, Karnataka, India
Pub. Date
31 January, 2018
Paper ID
V4I1-1289
Publisher
Keywords
Business Opportunities, SWOC, GDP, SMEs, Government Control, Investments

Citationsacebook

IEEE
Saptharaj Kalburgi, Gaurav Kochar. Exploring Taiwan’s Market for Business Opportunities, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Saptharaj Kalburgi, Gaurav Kochar (2018). Exploring Taiwan’s Market for Business Opportunities. International Journal of Advance Research, Ideas and Innovations in Technology, 4(1) www.IJARIIT.com.

MLA
Saptharaj Kalburgi, Gaurav Kochar. "Exploring Taiwan’s Market for Business Opportunities." International Journal of Advance Research, Ideas and Innovations in Technology 4.1 (2018). www.IJARIIT.com.

Abstract

This paper aims at conducting an analysis of the Taiwan market which will help in analyzing the ease of doing business in Taiwan by Indian businessmen. It is seen that the GDP of Taiwan is increasing gradually. Thus, it portrays a good opportunity for the businessmen to enter the market. It also shows a good export rate taking place from India to Taiwan. Therefore, the first step towards setting up a business abroad is already being fulfilled i.e., exports. The next step is setting up a subsidiary abroad. This can be done by conducting a feasibility test of carrying out a business through a SWOC analysis. This helps in knowing the market condition of the economy which keeps fluctuating. Thus, the SWOC analysis helps to know the market stability of the country which in turn will help in analyzing the feasibility of carrying out business in Taiwan. Also, the role of government plays an important role in the market and it is necessary to take into consideration the important policies of the government i.e., FDI being the most important policy. The business environment should also be taken into consideration because there is severe business competition in the market.