Prepare a Financial Analysis of Walmart

Prepare a Financial Analysis of Walmart

  • Submitted By: CHARLNYAN
  • Date Submitted: 04/10/2010 8:20 AM
  • Category: Business
  • Words: 829
  • Page: 4
  • Views: 602

Mexico is three times the size of the state of Texas. Mexico has a population of almost 88million. Spanish is the official language and most educated Mexicans speak and understand English. When conducting business in Mexico, one must know a person before doing business with him or her, and the only to know a person in Mexico is know the family. Developing personal relationship is the key to business success. Employers tend to hire workers who are polite, obedient, and agreeable, rather than creative, innovative, and independent. Mexicans are warm and gracious. They embrace the “manana altitude,” and do not embrace the time-is-money mentality of many other cultures. Mexican workers tend to be team players rather than problem solvers. Mexican tends to develop a friendly atmosphere towards visitors. Mexican men shake hands upon meetings and leaving, and will wait for a woman to be the first to offer her hand. Women may shake hands with men and other women. Many times a woman may pat another woman’s shoulder or forearm, kiss on the cheek. Conversations take place at a close physical distance; stepping back may be regarded as unfriendly. The men in Mexico are warm and friendly, and make a lot of physical contact. They often touch shoulders or hold another’s arm. To withdraw from this touch is considered insulting. Mexican employers are paternalistic, providing workers with more than a pay check, but in return they expect allegiance. Mexican workers are compensated with free meals, free bus service, free daycare and weekly food baskets. Mexico business associates hardly ever entertain each other at their homes, which are places reserved solely for close allies and family. Usually they entertain business associates at a restaurant. Women in Mexico should not invite a male counterpart for a business dinner unless other associates or spouses attend. Also, Mexican men will graciously attempt to pay for a meal, even though you are hosting it. A professional way to host a...

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