Genting Group-- Company Strategies Abroad

The Genting Group began expanding its operations in the late 80s and early 90s. Its first major expansion was in 1993 when the company launched Star Cruises (which operates in throughout the Asia-Pacific region). In 1996, they entered the oil and gas market in Indonesia, and in 2003, they opened a power plant in India. Today, they also own resorts and casinos throughout the world, as well as Genting International, PLC, an international investment holding company.

The company began its international operations after a major restructuring in 1989. It became a holdings company, and opened divisions abroad. Over the past two decades, Genting’s strategy has been to take its strong international reputation and use it to successfully increase its international presence. Today, most of their operations remain in Southeast Asia, but they also operate in the UK and with an online gambling site.

According to The Star (Malaysia’s largest newspaper), Lim Kok Thay (Chairman) stated: "My father's advice to me is to hold the group steady as she goes, rather than to rush headlong into any wild expansion programme. That's my intention too as we need to digest what we have already done." The younger Lim nonetheless pointed to a further internationalization of the group's operations in the future. Yet the company's hospitality and leisure component, including its iconic Genting Highlands resort complex, appeared certain to remain its largest and most emblematic division into the new century.


http://www.fundinguniverse.com/company-histories/Genting-Bhd-Company-History.html

http://www.fundinguniverse.com/company-histories/Genting-Bhd-Company-History.html

Genting Group and Reflection of Home Country Culture

Their website has a very good story about how they have always been deeply involved in the malaysian culture with their business. Here is the link to the website.
http://www.genting.com/history/index.htm
The website talks about genting Group growing throughout its existence from strength to strength. I think this means that when they do something, they want to make it another one of their specialities. Their first hotel was finished and opened in 1971. Even today, They make their number one priorty as ensuring the natural beauty of the rain forest surrounding are preserved. Now at the original location, they have expanded to have five hotels and two apartment blocks. They are also sporting a golf resort. When you combine all of this you get what is called Genting Highlands Resort. It is known as the "City of Entertainment" in Malaysia.
Genting Group has also added the fastest cable car system in the world in 1997. They have also entered the oil and gas exploration industry.
Here is a good quote from the founder that passed away in 2007.
"Once the goals have been clearly defined, with the greatest amount of determination and hard work, one can conclusively realise one's goals."
- Tan Sri Lim Goh Tong, Founder
I think that Genting Group is a great example at reflecting home country culture. they are greatly supported from the Malays. and they have expanded worldwide into countries such as America and the United Kingdom. Genting group also does a great deal of work reguarding corporate social responsibility. The website is http://www.genting.com/community/index.htm
Here you can explore their company and what they do to help in Malaysia.

Genting Group

The Genting Group is Malaysia's leading multinational corporation and one of Asia's best-managed companies. The Group has over 27,000 employees, 11,000 acres of prime resort land and more than 80,000 hectares of plantation land.

The Group via Genting International P.L.C. ("Genting International") (www.gentinginternational.com) is a leading resort development specialist with over 20 years of international gaming expertise and global experience in developing, operating and/or marketing internationally acclaimed casinos and integrated resorts in different parts of the world, including Australia, the Americas, Malaysia, the Philippines and the United Kingdom.

Genting Group has a joint venture project developing more land in Indonesia into oil palm plantation.

Genting Group's Power Division is also operating in Malaysia, India and China.


http://genting.listedcompany.com/corporate_profile.html

The Genting Group adopts a corporate philosophy that values its employees and emphasises the development of human resources. Over the years, the Group has expanded to comprise a global team of dedicated and motivated professional managers who have blended modern management techniques with traditional values of hard work, perseverance and integrity.

http://www.genting.com/community/workplace.htm

Genting Group

Genting Group is one of the leading and best managed corporations in Malaysia. It consists of four different business segments including; Resorts World BHD, Genting Berhad, Asiatic Development Berhad, and Genting Singapore PLC. There are many career opportunities available within each of these different segments.

Resorts World BHD - Account Supervisor, Customer Relations Officer, Accounts Executive, Internal Audit Manager, Graphic Designer, Sales Executive, Purchasing Officer, and Assistant Manager

Genting Berhad - Split Ship Mgmt, Joncia Marine Services, CIT, Ocean Dolphin Ships Mgmt, and Singhai Marine Services

Asiatic Development Berhad - Vice President-Plantation Advisory, Safety and Health Officer, Senior Accountant, Marketing Executive, Microbiologist, Plant Breeder, Biostatistician, Estate Mangers, Assistant Engineers, Field Supervisors, and Molecular Biologist

Genting Singapore PLC - Senior Executive, Technician, Administrative Assistant, Pit Manager, Slot Shift Manager, Technical Supervisor, Assistant Manger-Reservations, Audio Visual Manager, Chief Sound Technician, Office Manager, Stage Manager, Hotel Manager, and Duty Manager

A typical career path for many of these positions are much like that in the United States. Employees generally start out based on experience and work their way up through the ranks.

http://www.genting.com/groupprofile/index.htm

Education for the children

According to http://aoprals.state.gov
The education fee for the 12 and 10 years old will be 17,000, for the 14 years old will be 18,850.
The totally fee for all the three kids will be 52,850.

Language and Cultural Training

Luckily if you are going to Kuala Lumpur they mostly speak English. So there should not be a large language barrier. This does not mean there will not be a cultural barrier. You should try to take a training course for Malay Culture and here is a good website to look at.
http://www.crossculturalcom.com/index.html
This website will be able to give the help you need to know the culture of Malaysia better for your move or visit.

Incentives

Expatriates working in regional offices are taxed only on the portion of their chargeable income attributable to the number of days that they are in Malaysia.

The Malaysia Governement has initiated the Malaysia My Second Home Program that provides incentives for expatriates to own their own property in the country. Some of these include tax exemptions and allowances.

To help reduce the cost of doing business in Malaysia, expenses incurred on audit fees by companies are deemed as allowable expenses for deduction in the computation of income tax.

Last, companies that establish a training institution are eligible for an investment tax allowance for 10 years.

Visas and Permits

The visa price per year in Malaysia is about 90 Rm.

http://www.imi.gov.my/eng/perkhidmatan/im_Permit.asp

Medical Issues

All vaccinations should be up to date, but none are required for travel to Kuala Lumpur, Malaysia.

As for health care plans, the Malaysian government subsidizes public health care. However, many expatriates prefer to buy private policies. These can range up to $600 per month for a family of five.

Malaysia Expatriate

Costs in Malaysia

http://www.expatforum.com/articles/cost-of-living/cost-of-living-in-malaysia.html

Petronas MNC

Petronas is Malaysia's integrated petroleum multinational corporation. They have a presence in more that 30 countries around the world and has over 30 years of solid experience in oil and gas operations. Petronas is wholly-owned by the Government, and is vested with the entire oil and gas resources in Malaysia and entrusted with the responsibility of developing and adding value to these resources. Their business activities range from upstream oil and gas exploration and production to downstream oil refining, marketing and distribution of petroleum, trading, gas production and liquification, gas transmission pipeline operations, marketing of liquefied natural gas, shipping, and property investment.

Malaysia MNC-- AirAsia

AirAsia is the largest budget airline on the continent. It is headquartered in Kuala Lumpur, and was founded in 1993. Today, the company's commercial airplanes fly throughout Asia, Australia, and Europe. They have also used subsidiaries and sister airlines to expand their business.

http://www.airasia.com/site/gb/en/home.jsp

MNC in Malaysia

http://www.motorola.com/consumers/v/index.jsp?vgnextoid=1997c00fabe00210VgnVCM1000008806b00aRCRD&vgnextrefresh=1
This is a link that will take you to the home page of Motorola Malaysia. Motorola is one of the largest MNC's in Malaysia.

MNC in Malaysia

Dell office in Cyberjaya Malaysia


Dell is the one of the largest computer and laptop companies in Malaysia and employs more than 5,000 people in the country. Dell also launched a global business center in Malaysia in 2007.

http://www1.ap.dell.com/content/topics/topic.aspx/ap/corporate/en/pressoffice/2007/my/2007_01_23_my_001?c=my&l=en&s=corp

Geert-Hofstede Model

Power Distance Index

PDI is the extent to which the less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Malaysia has a Power Distance Index of 120, and the the U.S. is just about 40. It has big difference between Malaysia and the U.S. because their different governence system. According to the Geert-Hofstede model, we can tell that Malaysia is the country which is highly rule-oriented with laws, rules, regulations, and controls in order to reduce the amount of uncertainty, while inequalities of power and wealth have been allowed to grow within the society. The United States is opposite way to compare with Malaysia. People has more equally power in the States.

Uncertainty Avoidance Index

Uncertainty Avoidance is the tendency for a culture to shy away from risk. Countries with a high Uncertainty Avoidance tend to value rules, structure, and low risk situations. Malaysia has an Uncertainty Avoidance Index of 36, and the U.S. comes in at 46. These numbers are relatively low (compared to other countries which rank between 8 and 112). This means that they are more likely to value situations that lead to high payoffs and larger rewards, even if more risk is involved.

These numbers also tell us that Malaysia values risk somewhat more than the U.S. These numbers definitely makes sense. As we stated earlier, the country ranks #1 in Ease of Getting Credit and #4 in Protecting Investors (as opposed to the U.S., which ranked #5 in Ease of Getting Credit and #5 in Protecting Investors). So while Malaysia has a lower Uncertainty Avoidance, both countries have a history of encouraging people to invest and take risks.

Geert-Hofstede Model

Masculinity vs. Femininity

Masculine cultures value competitiveness, assertiveness, ambition, and the accumulation of wealth and material possessions. Feminine cultures place more value on relationships and quality of life.

The United States and Malaysia both have very masculine cultures. According to the Geert-Hofstede model the United states ranks 60 on masculinity and Malaysia ranks at about 50. The United States is more masculine than Malaysia, but they both have similar masculine traits. Malaysia is a high context culture meaning that less emphasis on words and more on voice tone, body language, eye contact and facial expressions is important. The United States focuses more on getting your point across through words. In a business sense Malaysia and the United States both focus on the hiearchy structure where authority is directed from the top. They both have competitive cultures where accumulation of wealth and ambition are important.

http://www.communicaid.com

Geert Hofstede Graph

PDI

Power Distance Index

IDV

Individualism

MAS

Masculinity

UAI

Uncertainty Avoidance Index

LTO

Long-Term Orientation

petronas-towers

The Petronas Twin Towers were the tallest buildings in the world from April 15th, 1996 until October 17th, 2003 when Taipei 101 (Financial Center) was topped out at 508m (1676ft).
http://www.kiat.net/towers/

Quotes II

Don't think there are no crocodiles because the water is calm.

http://www.worldofquotes.com/proverb/Malayan/1/index.html