Presentation on Latin Americas 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
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Overview of LATIN AMERICA Demography

Area Population Pop. Density Countries Ethnicity

21,069,501 km+2 (8,134,980 sqmi) 580 million(countries) 27/km2 (70/sqmi) about 22 nations mixed Mestizo, Amerindians, blacks, White, African, Asian, Mulattoes, Zambos Young median Caucasian High power distance low to medium uncertainty avoidance low to medium masculinity. High context culture and flexible attitude towards time.

Age Race Culture (position on cultural dimension)

Hofstedes

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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

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Universal secondary and primary education

Latin American Countries in Map

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Click icon to add picture

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Mexico -Facts and Statistics

Location: Middle America, bordering the Caribbean Sea and the Gulf of Mexico, 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.) Ethnic Make-up: mestizo (Amerindian-Spanish) 60%, 4/23/12 Amerindian or predominantly

Mexicos Business Etiquette and Culture

Business meetings are held between high ranked executives

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

Business Dealings in Mexico- Dos and Donts

Dos Dress Formally Donts Dont criticize one in public, it is considered as unsocial behavior Maintain business Dont 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. Try to win trust Family names are often used in business circles 4/23/12 (amongst the close

A Comparative Analysis of Management Styles in the USA and MEXICO Aspect

Work/Leisure

Mexico
Works to live. manager is autocratic.

USA
Lives to work. Managers delegate responsibility and authority. Basically pragmatic mind. Action-oriented problem-solving approach. Enjoys proving

Direction/Delegation Traditional

Basically theoretical mind. Theory vs. Practice Practical implementation often difficult.
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personal

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. 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
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Role Play of the Concerned Scenario

Role play helps us exhibit how the theories can be acted and applied

In this presentation, our role play covers:

Business Dealing

negotiations between two different culture are handled. with differences 4/23/12

Role Play Learning

Dissimilarity Business Culture How

between US and Mexican management outlook. culture and etiquettes of Mexico reflecting Latin America. and managerial differences of US and Mexico. to negotiate and make a successful deal in Mexico.
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Role Play Characters

US Company: AnS Food Co. Ltd.

CEO - MD. Shahidul Islam Project Manager- Benazir Rahman

Mexican Company: MP Caf Bistro

CEO- Abdullah Sakif Nur Director- Arafat Alam

4/23/12 Director-Chandrima Chy.

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

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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

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