International Business

New Zealand

~ Photos of NZ ~

~ Major Cities and Towns in NZ

~ National Icon KIWI ~

~Geographical Facts~

New Zealand, about 1,250 mi (2,012 km) southeast of Australia, consists of two main islands and a number of smaller outlying islands so scattered they range from the tropical to the Antarctic. The country is the size of Colorado. Capital: Wellington  Largest Cities: Auckland, 369,000 (metro area) 359,000 (city proper); Christchurch, 334,100.  The highest mountain peak standing at 3,754m (12,319 ft) is Aoraki/Mt. Cook.; longest river is the Waikato River at 425km. 

~ Profile of NZ~      

Parliamentary democracy in the South Pacific Ocean 1840 Treaty of Waitangi between British and Māori 1907 Dominion status – mostly self-governing 1947 fully independent nation Political ties with Cook Islands, Niue and Tokelau Population: 4.2 million

Official languages:  English  Māori (1987 Act)

~ History ~ 

Maoris were the first inhabitants of New Zealand, arriving on the islands in about 950 A.D. and 1150 A.D.

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Maori oral history maintains that the Maoris came to the island in seven canoes from other parts of Polynesia.

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In 1642, New Zealand was explored by Abel Tasman, a Dutch navigator.

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British Captain James Cook made three voyages to the islands, beginning in 1769.

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Britain formally annexed the islands in 1840.

~Points of Interest~ 

New Zealand was once part of a super continent called Gondwana.

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First National Park is Tongariro.

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The top of a volcano, known as Mt. Ruapehu, is the highest point on New Zealand.

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About 900 km northeast is a group of islands known as the Kermadec Islands.

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Abel Tasman National Park is furthest North.

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The largest lake-Lake Taupo- is 606km sq.

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The Maori name-Te Aka a Maui- is what the North Island is called.

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New Zealand’s deepest lake-Hauroko-is located near the bottom of the South Island.

~ People of NZ~ • • • • • •

New Zealand’s population is made up of many different ethnicities. 74.5% is New Zealand European 9.7% is Maori- the native people of that land 4.6% is other European 3.8% is Pacific Islander And 7.4% is Asian and others

Most of NZ’s population is European Maori are native people

~ NZ Languages Policy ~

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15% of Māori attend Māori medium schools

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Two strands for education

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English medium

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Māori medium – Years 1 - 13

Māori medium 

same learning areas as national curriculum for English medium but from Māori perspective

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Continues education at wananga (Māori universities)

Assessment standards 

for those learning Māori

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for those learning Māori as a second language

~ Language Importance ~

Ko te reo tuakiri

Ko te reo toku ahurei Ko te reo te ora Language is my identity Language is my uniqueness Language is life

~ Maori Culture ~ 

Although the Maori is a minority, it is probably the most significant group of people because they were the original inhabitants of New Zealand. They crossed over from Polynesia around AD 1300. When the Europeans came, however, they became the minority because of all the sickness that arrived with them. Because so many of them died, the could not put up a fair enough fight and the Europeans took over.

~ Maori Culture ~    

Means ordinary or usual. They call themselves “people of the land” Pastoralists – grow crops such as Kumara – sweet potato They are ruled by tribal chiefs Hierarchical society

~ Maori Culture ~  

The Maori often decorated their faces with tribal tattoos Although the Maori tribes don’t war anymore, they still do traditional warrior dances

~Maori Traditions~ Hongi (Maori Greeting)  

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As you have probably heard before, “G’day” is a greeting common in New Zealand and Australia. The Maori have a greeting too called “hongi”. This is when their noses touch. The Maori believe that when this is done, their ha, or breath of life, is shared with one another. The pressing of noses is the customary greeting at a formal Maori occasion (the Maori are the indigenous people of New Zealand). Learning something about this indigenous culture is suggested.

~ Celebrations ~ Auckland Festival

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On New Zealand’s North Island, in the city of Auckland, its next festival is set to begin March 9-24, 2007. AK07’s breathtaking new program will celebrate the best, the most, and the sum of Asia-Pacific’s first city. The AK07 event is certain to boost Auckland’s profile on the international festival circuit and confirm its reputation as one of this hemisphere’s leading arts and cultural centers. The Auckland Festival is about:  Engaging Aucklanders in the arts, and to celebrate the cultures and essence of Auckland.   

Support New Zealand art and artists. Reflect what is unique about Auckland. A broad program of ticketed and free events, New Zealand and International performers, appealing to Auckland’s many audiences.

~ Waitangi Day ~ 

Waitangi Day is celebrated in honor of the Treaty of Waitangi. This treaty was created to establish a sense of unity between the British and the Maori. Although this treaty was supposed to be fair, the English version differed from what the Maori version was so we can’t really decide what was agreed on. These men These young Celebrate this day by rowing a boat onto the shores

Maori men perform a traditional Maori dance on this day.

~NZ Food~ 

One of the most delicious looking cakes originated around New Zealand- the Pavlova. This cake was named after the Russian dancer after one of her tours in Australia and New Zealand. The cake is crispy on the outside but nice and fluffy on the inside. This cake is usually eaten on holidays such as Christmas.

~NZ Food~ 

Another food common in New Zealand is the Maori dish Whitebait. It consists of small fishes put together and fried in flour and sometimes eggs or just egg whites so it tastes more like an omelet.

~ Holidays~ 

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New Zealanders have some similar holidays like Easter, Christmas and New Year’s but they also have a few holidays we don’t. People celebrate the New Year in New Zealand and enjoy a nice firework show. Since Christmas in New Zealand is in the summertime, many families celebrate by going to the beach.

~ Political Facts~ 

Elizabeth-II, Queen of NZ

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Anand Satyanand, Governor General

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John Key, PM of NZ

~ Strong Economic Fundamentals ~         

Economy efficiency stability and competitiveness Free trade & Low tariff Key Economic Facts Transport and logistics connections Sophisticated telecommunications infrastructure Energy supply Research and development Deregulated labour market and competitive property prices Competitive energy and communications

~ GDP Highlights~

~ Doing Business in New Zealand ~ 

Business practices in New Zealand are similar to the United States.

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Tailored suits is the preferred business attire.

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Appointments are necessary and should be made at least one week in advance.

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Punctuality is part of the culture. “Fashionably late” is not an option in this country as most social events start on time.

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Calling cards or business cards are exchanged.

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Politics, sports, and weather are good conversational topics, and may be hotly debated. In order to be a good conversationalist, stay current and informed on critical topics. One in particular is New Zealand’s “nuclear free” zone.

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Business visits are best during the months: February to April and OctoberNovember.

~ Gift Giving Etiquette ~ 

When invited to a New Zealander’s “Kiwis” house, keeping in mind the appropriate gifts may be helpful so the host is not offended:  A small gift such as flowers, chocolates, or a book about your home country.  Gifts should not be lavish.  Gifts are opened when received.  One might follow up with a thank-you card the next day.

~Business of Gift Etiquettes ~ 

Products

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Pricing Strategy

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Place

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Promotion

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Marketing and Distribution Strategy

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Manufacturing Facility

~Legal Environment~ 

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Country has a world-class financial regulatory system. In the World Bank’s 2009 Ease of Zealand ranked number one in the world for protecting investors. The legal system is based on English law and the country is party to international agreements on investment disputes and intellectual property rights The market is well served by leading global accounting and other professional service providers.

~Summary~       

New Zealand is a thriving country similar in some aspects to the United States. International trade is essential to New Zealand. Preserving culture and respecting business etiquette are important. One should have some knowledge and understanding of Maori customs. Honesty and directness is appreciated. Kiwis are friendly, outgoing, and social people. Be informed and up-to-date on current events.

That’s All From Our Side Thank You Presented By: Chetan Gor Mehul Shah Kirangi Shah Kunal Rambhia

To: Prof. Sanchita Chandra