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Embrace Guatemala’s Business Etiquette when Expanding in Central America

Embrace Guatemala’s Business Etiquette when Expanding in Central America

Understanding Guatemala's business etiquette could increase the possibilities of success when doing business in the country. Business etiquette creates an overall picture of a company, which radiates onto the market and thus has a significant impact on entrepreneurial success. Learn about the most important aspects foreign executives should consider in regard to Guatemala’s business etiquette.  Guatemala's business etiquette by Hofstede Business etiquette includes the norms and values that shape human behaviour in corporate environments. It involves internal and external communication, social engagement, employee motivation, and, last but not least, economic goals.The Dutch social psychologist and anthropologist Geert Hofstede is one of the best-known representatives in the field of business etiquette. He created a model of four cultural dimensions - power distance, collectivism vs individualism, masculinity vs femininity, and avoidance of uncertainty - commonly used in the analysis of business culture. To understand Guatemala’s business etiquette, we will analyze each Hofstede's cultural dimension and the scores given to Guatemala based on this .  Guatemala’s business etiquette has the second-highest power distance worldwide. Power distribution in Guatemala   Power distance defines how the less powerful members of organizations expect and accept unequally distributed power. Scoring 95, Guatemala’s business etiquette has the second-highest power distance worldwide. This means that decision-making processes run from “top to bottom” and...

Understanding Business Culture and Etiquette in New Zealand

Understanding Business Culture and Etiquette in New Zealand

It’s common knowledge that successful business models rely on careful market research. But some factors to success go beyond developing a market-viable product. In New Zealand, acknowledging cultural differences in business and social environments shows your company’s willingness to integrate into local lifestyle. Understanding the values your South Pacific partners hold dear builds a solid foundation for enduring work relationships. Consider these tips and insights on New Zealand business dynamics and cultural characteristics when setting up your business. Overview: doing business in New Zealand If you’re researching a potential business expansion to New Zealand, you’ll likely have come across some impressive ‘world’s best’ statistics: number one for doing business, second most transparent country, third freest economy. The small island nation works hard to maintain a competitive economic edge over others in these and other areas. Its government is welcoming to foreign businesses and investors, and provides myriad support mechanisms to market entrants to prove it. Here, though, we explore key attributes of South Pacific business life to guide foreign businesses through their new commercial environment. Business dynamics With a largely egalitarian work environment, job titles and rank aren’t as overt in Kiwi business culture as in others. Anyone throwing around their elevated status in the office will undoubtedly lose respect from their modest New Zealand workmates. Rather, the local population generally operates on meritocratic principles, valuing useful ideas and...

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