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Comparison of a corporate culture of Pakistan & Latin America

Comparison of a corporate culture of Pakistan & Latin America

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Published by Muhammad Furqan Xeb
Comparison of a corporate culture of Pakistan & Latin America
Comparison of a corporate culture of Pakistan & Latin America

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Published by: Muhammad Furqan Xeb on Jan 02, 2011
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10/04/2011

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Team Project
Business Environment of Latin AmericaGroup Members:
Hussain Ashraf (Group Leader)Muhammad AbdullahMuhammad Furqan ZebUzair Bin ZafarRao Sabir VaquarIbrahim Sohail Dar
 
Contents
Objective of the Study
............................................................................................................................. 4
In
troductio
n
of Lati
n
America
.................................................................................................................. 4
Sub- divisio
n
of Lati
n
America
............................................................................................................ 5
Map of Lati
n
America
.......................................................................................................................... 6
Cou
n
tries i
n
Lati
n
America
.................................................................................................................. 7
In
troductio
n
of major cou
n
tries of Lati
n
America
..................................................................................... 8
Brazil
................................................................................................................................................... 8
Arge
n
ti
n
a
............................................................................................................................................. 9
Mexico
.............................................................................................................................................. 10
Culture of Lati
n
America
n
..................................................................................................................... 11
Culture of Pakista
n
................................................................................................................................ 12Corporate culture in Latin America ........................................................................................................ 13Appearances ...................................................................................................................................... 13Personal Space................................................................................................................................... 13Punctuality ........................................................................................................................................ 13Business Dress Code .......................................................................................................................... 14Conversation ..................................................................................................................................... 14Eating ................................................................................................................................................ 14Holidays ............................................................................................................................................. 14Corporate culture in Pakistan................................................................................................................. 15Meeting and Greeting ........................................................................................................................ 15Gift Giving Etiquette .......................................................................................................................... 15Building Relationships & Communication ........................................................................................... 16Business Meeting Etiquette in Pakistan .............................................................................................. 16Negotiating ........................................................................................................................................ 17Legal Issues in Latin America .................................................................................................................. 18Political & Other Risks in Latin America .................................................................................................. 20Political & Legal Issues in Pakistan ......................................................................................................... 20Hofstede Cultural Dimensions of Latin America ..................................................................................... 22Latin American style of management ..................................................................................................... 23
 
Nation ............................................................................................................................................... 23How Culture Affects Work Practices in Latin America ......................................................................... 23The Company Is Like a Family ............................................................................................................. 23The Importance of Social Status ......................................................................................................... 24Teamwork, Subcontracting and Geographical Mobility ...................................................................... 26Their Own Styles of Confrontation ..................................................................................................... 27Latin American Communication Styles ................................................................................................... 27Communication tends to be predominantly oral rather than through the written word ..................... 27Verbal Communication ...................................................................................................................... 28Entry Barriers for MNCs in Latin America .............................................................................................. 28Comparison between Latin America & Pakistan ..................................................................................... 29Hofstede Cultural Comparison ........................................................................................................... 29Time Orientation ............................................................................................................................... 30Context of Communication ................................................................................................................ 30Collectivism ....................................................................................................................................... 30Language ........................................................................................................................................... 30Corporate Culture .............................................................................................................................. 31Negotiation Style ............................................................................................................................... 31Political & Other Risks ........................................................................................................................ 31Analysis ................................................................................................................................................. 32Recommendations ................................................................................................................................. 33

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