Introduction

The Republic of Finland (called Suomi in the Finnish language) is one of the world's most
progressive and advanced nations. This is in spite of what many would consider to be less than
optimal circumstances, including a harsh climate, little variety of natural resources, a very small
population and a long history of being dominated by its more powerful neighbors.A Nordic
country, Finland is bordered on the west by Sweden and the Gulf of Bothnia, on the north by
Norway, on the east and southeast by Russia, on the south by the Gulf of Finland and on the
south-west by the Baltic Sea.Finland is one of the few countries whose land area is still growing.
This is a result of the uplifting of the land mass and its consequent emerging from the sea that
has been taking place since the end of the last ice age. The surface area is increasing by about
seven square kilometers per year. Finland's climate is characterized by cold, and sometimes
severe, winters and relatively warm summers.Today Finland has a highly industrialized, largely
free-market economy with a per capita output and a standard of living (not only in terms of
economic indicators but also in terms of public health, public safety, welfare, culture and other
intangibles) rivaling those of France, Germany and Italy. This has been accomplished
simultaneously with maintaining what is consistently ranked as one of the world's highest, or
even the highest, standards of environmental protection and sustainability.The main industries
are wood, metals, engineering, telecommunications and electronics. Because of the climate,
agriculture is limited to maintaining self-sufficiency in basic crops. Foreign trade is important,
with exports accounting for nearly a third of GDP. Finland's most famous company is Nokia, the
world's largest producer of mobile phones.The total population is only about 5.4 million.Finland
places a high priority on education and R&D. Schooling is compulsory for ages seven through
16, and it is free, even at the university level. There is virtually no illiteracy.

Transparency Internationals Corruption Index

The Corruption Perception Index ranks countries/territories based on how corrupt a countrys
public sector is perceived to be. It is a composite index, drawing on corruption-related data from
expert and business surveys carried out by a variety of independent and reputable institutions.
Finland ranks at 2/168 with a score of 90/100. (0- Highly corrupt, 100- Very clean)

Control of corruption reflects perceptions of the extent to which public power is exercised for
private gain. This includes both petty and grand forms of corruption, as well as "capture" of the
state by elites and private interests. Point estimates range from about -2.5 to 2.5. Higher values
correspond to better governance outcomes. Finland has a percentile rank of 98% with a score of
2.14583654
The Global Corruption Barometer is the only worldwide public opinion survey on views and
experiences of corruption. It captures how corruption is viewed at the national level. It also
provides a measure of peoples experience of corruption for a specified year.
The country review is based on the progress of the Organization for Economic Co-operation and
Development (OECD) Convention on Combating Bribery of Foreign Public Officials in
International Business Transactions, requiring each party to make foreign bribery a crime.
Countries are evaluated and classified into four categories:
Active enforcement
Moderate enforcement
Little enforcement
No enforcement
Finland is found to have Moderate enforcement.

Global competiveness index

The Global Competitiveness Index provides a comprehensive picture of the competitiveness
landscape in countries around the world at all stages of development.
The index comprises of 12 pillars: Institution, Infrastructure, Macroeconomic environment,
Higher education and training, Goods market efficiency, Labour market efficiency, Financial
market development, Technological readiness, Market size, Business sophistication and
Innovation
Finland ranks 3rd out of 142 with a score of 5.55/7.

Mckinsey Global Institutes Global Connectedness Index

The McKinsey Global Institute Connectedness Index shows that developed economies remain
more connected than emerging markets but that the latter are rising rapidly. Overall, developed
economies remain more connected to global flows than emerging markets, but some are rising
quickly.
The MGI Connectedness Index offers a comprehensive look at how countries participate in
inflows and outflows of goods, services, finance, people, and data . Our index takes into account
the size of each flow for a country relative to its own GDP or population (flow intensity) as well
as its share of each total global flow. Combining these measures avoids making large and
diversified economies appear closed simply due to the extent of economic activity taking place
within their own borders. Flow intensity measures the size of a given flow as a share of a given
countrys GDP or population.
Finland
score
Conectedness Index Rank
Goods
Services
Finance
People
Data
Flow value ($ billion)
Flow Intensity (% of GDP)

Cultural Analysis of Finland

Hofstede Dimensions :

5.5
46
27
23
70
10
390
144

Power Distance

Finland scores low on this dimension (score of 33) which means that the following characterises
the Finnish style: Being independent, hierarchy for convenience only, equal rights, superiors
accessible, coaching leader, management facilitates and empowers. Power is decentralized and
managers count on the experience of their team members. Employees expect to be consulted.
Control is disliked and attitude towards managers are informal and on first name basis.
Communication is direct and participative

Individualism
Finland, with a score of 63 is an Individualist society. This means there is a high preference for a
loosely-knit social framework in which individuals are expected to take care of themselves and
their immediate families only. In Individualist societies offence causes guilt and a loss of selfesteem, the employer/employee relationship is a contract based on mutual advantage, hiring and
promotion decisions are supposed to be based on merit only, management is the management of
individuals.

Masculinity
Finland scores 26 on this dimension and is thus considered a Feminine society. In Feminine
countries the focus is on working in order to live, managers strive for consensus, people value
equality, solidarity and quality in their working lives. Conflicts are resolved by compromise and
negotiation. Incentives such as free time and flexibility are favoured. Focus is on well-being,
status is not shown. An effective manager is a supportive one, and decision making is achieved
through involvement.

Uncertainty
Finland scores 59 on this dimension and thus has a high preference for avoiding uncertainty.
Countries exhibiting high Uncertainty Avoidance maintain rigid codes of belief and behaviour
and are intolerant of unorthodox behaviour and ideas. In these cultures there is an emotional need
for rules (even if the rules never seem to work), time is money, people have an inner urge to be
busy and work hard, precision and punctuality are the norm, innovation may be resisted and
security is an important element in individual motivation.
Long Term Orientation
With a low score of 38, Finnish culture can be classified as normative. People in such societies
have a strong concern with establishing the absolute Truth; they are normative in their thinking.
They exhibit great respect for traditions, a relatively small propensity to save for the future, and a
focus on achieving quick results.
Indulgence
The relatively high score of 57 indicates that Finland is an Indulgent country. People in societies
classified by a high score in Indulgence generally exhibit a willingness to realise their impulses
and desires with regard to enjoying life and having fun. They possess a positive attitude and have

a tendency towards optimism. In addition, they place a higher degree of importance on leisure
time, act as they please and spend money as they wish.