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Presentation on Latin America’s Management Practice Click to edit Master subtitle style

Prepared By Roll
Abdullah Sakif Nur 02 Md.Shahidul Islam 03 Partha Sarothi Chowdhury 26 Benazir Rahman 39 Arafatul Alam Patwary 49 Chandrima Chowdhury 52
4/23/12

Zambos Young median Caucasian •High power distance •low to medium uncertainty avoidance •low to medium masculinity. • High context culture and flexible attitude towards time.980 sq mi) 580 million(countries) 27 /km2 (70 /sq mi) about 22 nations mixed Mestizo. White.134.Overview of LATIN AMERICA Demography Area Population Pop. Amerindians. blacks. Age Race Culture (position on cultural dimension) Hofstede’s 4/23/12 . Density Countries Ethnicity 21. Asian.501 km+2 (8. African.069. Mulattoes.

Overview continues…… Political Economic Weak legislatures. •Uncertain legal and regulatory environment •Extensive government regulation of unionism •Much tax evasion and offthe books economic activity •Weak antitrust enforcement •Tradition of mixed economies •Periodic financial panic and capital flight • Educational 4/23/12 Universal secondary and primary education • .

Latin American Countries in Map 4/23/12 .

Click icon to add picture 4/23/12 .

) Ethnic Make-up: mestizo (Amerindian-Spanish) 60%.Mexico -Facts and Statistics Location:  Middle America. bordering the Caribbean Sea and the Gulf of Mexico. 4/23/12 Amerindian or predominantly . between Belize and the US and bordering the North Pacific Ocean. between Guatemala and the US Capital:   Mexico City Climate:  varies from tropical to desert Population:   113 million(July 2011 est.

the proper practice is a handshake. regardless of gender. In Mexico. Flexibility in time. When it comes to business greetings.Mexico’s Business Etiquette and Culture § Business meetings are held between high ranked executives § Trust plays a very important role in establishing relationships. Many statements are not actually questions and can be identified as such by 4/23/12 body language common to both countries. The typical Mexican Business day starts at 9:00 am and end at 7:00 pm. seemingly turning each statement into a question (isn't it?). Mexicans also tend to attach the word “NO” to the end of a comment. this sometimes may be even more important than professional competence or experience. money is for enjoying life. § § § § . time is not money.

Business Dealings in Mexico.Do’s and Don’ts Do’s Dress Formally Don’ts Don’t criticize one in public. Try to win trust Family names are often used in business circles 4/23/12 (amongst the close . it is considered as unsocial behavior Maintain business Don’t be surprised if greetings Mexicans are speaking loudly Not to expect meetings to Do not try to recreate your be started at due time normal personal space as this could be seen as being unfriendly.

Basically pragmatic mind. Practice Practical implementation often difficult. Managers delegate responsibility and authority. manager is autocratic. 4/23/12 Avoids personal . USA Lives to work. Enjoys proving Direction/Delegation Traditional Basically theoretical mind.A Comparative Analysis of Management Styles in the USA and MEXICO Aspect Work/Leisure Mexico Works to live. Theory vs. Action-oriented problem-solving approach.

Plot: § This role play is concerned with exhibiting existing business and managerial style in the concerned regions-USA and Latin America which contains Mexico and Brazil The members of the board and 4/23/12 § .Role Play in Action –Meeting of the Board of Directors Context of the Meeting: Decision making with regard to holding a franchise of the US restaurant brand.

Role Play of the Concerned Scenario  Role play helps us exhibit how the theories can be acted and applied In this presentation. with differences 4/23/12 . our role play covers: Business Dealing negotiations between two different culture are handled.

4/23/12 .Role Play Learning Dissimilarity Business Culture How between US and Mexican management outlook. and managerial differences of US and Mexico. to negotiate and make a successful deal in Mexico. culture and etiquettes of Mexico reflecting Latin America.

Ltd. Shahidul Islam Project Manager. § § . § CEO .MD.Abdullah Sakif Nur Director.Benazir Rahman § • Mexican Company: MP Café Bistro § CEO.Arafat Alam 4/23/12 Director-Chandrima Chy.Role Play Characters • US Company: AnS Food Co.

Key Points of Role Play Time flexibility greetings of family members about formal agenda Business Presence Indifferent Women ignored in decision in side meeting into non-business 4/23/12 making Engaged Jumping matters .

Other terms Spanish words meaning § § § § § § English Hola Buenos Dias Gracias Triste Adios Bienvenida Hello Good morning Thank You Sorry Good Bye Welcome 4/23/12 .

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