Global Business Cultural Analysis: Brazil
Cultural backgrounds reflect the ways and standards of living, which is unique and different for each country. In fact, the business world is also profoundly influenced by the cultural differences of the counties. This focus of this research paper, in this regard, is to analyze the cultural perspectives of doing business in Brazil. Therefore, major elements and dimensions of Brazilian culture such as business structures, management styles, communication, ethics, values, and customs are discussed comprehensively.
Moreover, the discussion has also been made on how the local businessmen integrate these cultural dimensions and elements. Indeed, a detailed comparison United States business has been made with that of Brazilian culture and business elements by means of Hofstede's dimension tool (that is particularly used for measuring cultural differences). Finally, the paper concludes with the implications for the U.S. businesses that plans and desires to conduct business in Brazil.
Table of Contents
Background Information to Business in Brazil
Major Elements and Dimensions of Culture in Brazil
Business Structures in Brazil
Management Style
Communication Style
Verbal Communication.
Non-Verbal Communication.
Ethics, Values, and Customs
Brazilian Meetings.
Team Working.
Dress Code.
Religion
Social Structures
Integration of Major Cultural Elements by Local Businessmen
Comparison between Brazilian and U.S. Culture and Business
Comparison via Hofstede's Dimension Tool
Power Distance Index (PDI).
Uncertainty Avoidance.
Collectivism (IDV).
Masculinity (MAS).
Long-Term Orientation (LTO).
Difference in Communication Patterns
Verbal Communication.
Non-Verbal Communication.
Diverse Social Structures
Different practices of Ethics and Values in Business
Business Meetings.
Implications for U.S. Businesses intended to conduct Business in Brazil
Foreign Direct Investment Analysis (FDI)
20 SWOT Analysis
Strength.
Weakness.
Opportunity.
Threat.
Conclusion
References
Background Information to Business in Brazil
The geographic size and population has made Brazil the largest nation in the South America. Indeed, this country is characterized by a rich and distinct culture with a diverse topography. A major fusion of Portuguese descent, native Indians, African influences makes up the Brazilian ethnically diverse population that has formed the rich, wealthy, and diverse culture of Brazil. Indeed, hospitality, openness and colorful activities are few of the well-known features of Brazilian culture. Catholicism is the predominant religion practiced all over Brazil (Dicks, 2005).
The fast growing manufacturing sector, large agricultural production, and rich natural resources are also few contributing factors due to which the country is regarded as a rich country. The natural reservoirs such as timber, coffee, and sugar have well positioned the economic situation of Brazil on the global platform (Boraas, 2001).
The increased level of stability within the political landscape in the past few years and the strong currency of Brazil have also made this country one of the hottest investment opportunities for the businesses from all over the world. The successful macroeconomic steadiness has made Brazil one of the economic super powers of South America. This image is fast turning out as an emerging economy in the today's global business world (Boraas, 2001).
Even though Brazil has turned out to be an emerging economy on a global arena, few of the problems are significant to mention especially from the business perspective. Corruption has remained one of the severe issues that have remained for centuries, making international business activities very susceptible (Boraas, 2001).
The first and one of the pervasive barriers to consider is the Brazil cost. This is particularly the additional costs associated with carrying out the business operations in Brazil. Corruptions, governmental inefficiency, legal and bureaucratic complications, excessive taxation, and so on are few of the justifications of these extra costs added with doing business in Brazil. This extra cost is considered to one of the primary reasons of dissatisfaction for the international businesses, even though these extra costs have been minimized in the recent years (Dicks, 2005).
Apart from the potential pitfalls, the significant growth of Brazil's economy over the past few years in comparison to various other nations has made this country a good choice for expanding businesses. Brazil is often regarded as one of the leading market opportunities in the whole South America due to its strong infrastructure and technological development. Additionally, the rising of a new segment of consumers (the middle-class inhabitants with price conscious attitude) with new buying patterns and behaviors has provided an opportunity for the business world, both domestic and international (Dicks, 2005).
However, for the U.S. businesses that seek to expand their operations...
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