Hong Kong,Hong Kong Business

Hong Kong Business
The Geert Hofstede analysis for Hong Kong Business is almost identical to that of other Asian countries. Where Hong Kong Business differs dramatically is in their Uncertainty Avoidance factors. Most Asian countries rank fairly high in this category, however in Hong Kong Business they tend to be greater risk takers. The highest-ranking factor is Long-term Orientation, which reflects their emphasis on relationships.
Hong Kong Business Geert Hofstede analysis has Long-term Orientation (LTO) as the highest-ranking (96) factor, which is true for all Far East Asian cultures. This Dimension indicates a societies' time perspective and an attitude of persevering; that is, overcoming obstacles with time, if not with will and strength. (see Asian countries graph below)
Of note is Hong Kong Business's relatively low Uncertainty Avoidance (UAI) Dimension ranking of only 29, compared to an average of 63 for the Far East Asian countries. This very low level of Uncertainty Avoidance is the fourth lowest in the World, with only Denmark (23), Jamaica (13), and Singapore (8) having lower scores for this Dimension.
The low Uncertainty Avoidance ranking indicates a society that not only tolerates uncertainty and a freedom of opinions, but uses this strength, in the case of Hong Kong Business, to be a place where many varying cultures and ideas can come together. Geert Hofstede describes people in a culture with the low UAI Dimension as, ". . . more phlegmatic and contemplative . ."
Hong Kong Business has an Individualism (IDV) ranking of 25, second highest for Far East Asian countries, behind Japan's 46 ranking, and compared to an average of 24. This may be attributed, in part, the long term British (IDV of 89) rule of Hong Kong Business and the influence of European culture, which has an average Individualism rank of 61. Hong Kong Business Individualism ranking indicates a high level of emphasis on a Collectivist society as compared to one of Individualism.
The low Individualism ranking is manifest in a close and committed member 'group', be that a family, extended family, or extended relationships. Loyalty in a collectivist culture is paramount. The society fosters strong relationships where everyone takes responsibility for fellow members of their group.
Hong Kong Business Power Distance score is 68 compared to the other Far East Asian countries average of 60. This is indicative of inequality of power and wealth within the society. This condition is not necessarily subverted upon the population, but rather accepted by the society as their cultural heritage. More Details

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