Conducting Business in Mexico

Paper Summary:

Every country has its own particular way of doing things and its own social and cultural etiquette, and Mexico is no exception. This paper examines certain aspects of the Mexican business world. For example, in Mexico, relationships are extremely important. Therefore, a successful businessperson must understand the importance of forging a warm working relationship. Little things, such as shaking hands and exchanging pleasantries, can make a huge difference when conducting business in this culture. In addition, foreigners must understand that the government has a large influence in private business, as a permit is required for most business transactions. Due to this control, many business practices in Mexico are corrupt. Many people who attempt to do business in Mexico find themselves vulnerable to shady deals if they do not take the time to learn about proper business etiquette and standards beforehand. This paper focuses on Mexico's culture, business etiquette, manners, habits, customs, forms, norms, and religion, in an attempt to provide a clear and concise report on doing business in Mexico.

From the Paper:

"When making an appointment to do business in Mexico, one may often need to schedule extra time, as Mexicans often schedule business appointments during siesta time (between 2 and 5 pm), when they will be off-duty (Abagados, 2001). In addition, they tend to schedule several appointments simultaneously, as they expect some cancellations. If everyone shows up, there will be a delay. In Mexico, it is a sign of power to make others wait."

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