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Doing Business in Israel

Doing Business in Israel . שלום “Hello” in Hebrew. Joanna Andrews and Kasa Khang. Negotiating . Welcoming Direct Plainspoken. Business culture is informal practical similar to some European countries. International Business.

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Doing Business in Israel

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  1. Doing Business in Israel שלום “Hello” in Hebrew Joanna Andrews and KasaKhang

  2. Negotiating • Welcoming • Direct • Plainspoken • Business culture is • informal • practical • similar to some European countries.

  3. International Business • Organization for Economic Co-operation and Development (OECD)

  4. Import • Israel’s import is $71.67 billion • Top 3 Imports: • Raw materials • Military equipment • Investment goods

  5. Export • Export is $62.32 billion • Top 3 Exports: • Machinery and equipment • Software • Cut diamonds

  6. Competition • Free Trade Agreement • Extensive business relationships worldwide • Farming of strawberries & potatoes • GrainPro Cocoons

  7. Competition • Bio Bee Biological Systems

  8. Competition • Science & Technology • Medicine • Competitors: U.S. & Japan

  9. Distribution/ Transportation • Distribution • Heliports • Airports • Pipelines • Railways • Merchant marine • Ports/terminals

  10. Distribution/ Transportation • Transportation • Air • Auto • Bus • Most popular • Taxi • Train • Water

  11. Cultural Shock Positive Negative English is widely spoken in Israel Friendly to foreigners Different personality Endless traffic Interesting driving styles Both: Religious country

  12. How to Cope with Cultural Shock • Educate yourself • Pick your battles! • Focus on what is controllable • Ask for Help!

  13. Current Events • Former Israeli prime minister, Ehud Olmert, was convicted of taking bribes to ease the construction of a huge housing complex.

  14. Current Events

  15. 10 Interesting Comparisons with U.S. • Business attire • Close contact • Body composure • Time – like to gets things done

  16. 10 Interesting Comparisons with U.S. • use 49.48% less electricity • consume 49.16% less oil • have 41.07% more babies • make 38.79% less money • spend 69.73% less money on health care

  17. 10 Interesting Comparisons with U.S. • have 32.08% less chance of dying in infancy • have 20.43% more chance at being employed

  18. 10 Interesting Comparisons with U.S. • live 2.62 years longer • experience 12.89% less of a class divide • be 83.33% less likely to have HIV/AIDS

  19. Further Readings • “The Israelis : Ordinary People in an Extraordinary Land” by Donna Rosenthal • “Made in Israel” series on CBS 700 Club.

  20. Thank you for visiting Israel! We hope you had enjoyed your quick visit! שלום “Good-bye” in Hebrew

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