Tag: finance-economics

Doing Business in Mexico In previous columns, I have argued that cultural diversity in organizations should be welcomed, rather than viewed as a problem to be avoided. Multinational companies in Mexico often have teams made up of Mexicans and Americans and /or Canadians who must work in close contact with one another. Many of my […]

Doing Business in Mexico One of NAFTA’s positive effects on Mexico has been the renewed attention given to an old problem: corruption. As Mexico attempts to attract more foreign investment, mounting pressure has been placed on “cleaning up” the old corrupt ways. So far, Mexico is perceived as the more corrupt partner in NAFTA. According […]

Doing Business in Mexico Are you working for a company that recently merged with another one, or was bought out? You are not alone. The record number of mergers and acquisitions in the last five years has brought renewed attention to the challenges that these kind of alliances present to both companies. Many mergers are […]

Doing Business in Mexico Businesspeople love to measure things. We measure sales and profits, which is easy enough, but then we also want to measure everything else. This is called the ‘administrative bias’ of the business world: using measurements as a guide to decision-making, and ignoring anything that cannot be measured. There are specialists who […]

Doing Business in Mexico Much has been written and discussed about the impact that cultural differences have on the way we conduct business and manage people. In this column, I have covered various aspects of cross-cultural problems between Mexicans and Americans. Recognizing that cultural differences exist and affect how we do business is an important […]

Doing Business in Mexico Not too long ago, the term “business ethics” was considered an oxymoron. Fortunately, in recent years, companies have been paying more attention to developing and maintaining ethical standards among their employees. In Mexico, attention to ethics is increasingly viewed as an essential part of business success: If your employees are ethical, […]

Doing Business in Mexico The Nafta partnership has always been a puzzling proposition: Could a free-trade agreement between two developed countries (the United States and Canada) and a developing one (Mexico) work out as a viable partnership? While this question has been answered in a variety of ways, few have analyzed the process as a […]

Doing Business in Mexico Cultures considered to be monochronic are those that stress completing one task before embarking on the next. On the opposite end, there are polychronic cultures, in which people tend to do various tasks simultaneously. The United States and Canada tend to be fairly monochronic, while Mexico tends to be polychronic. Some […]