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Final Venezuela Presentation

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by

Marina Lamprecht

on 30 April 2010

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Transcript of Final Venezuela Presentation

Venezuela Geert Hofstede's Cultural Dimensions Venezuela System: Federal Republic
Capital: Caracas
Independence: July 5th 1811 (from Spain) The Team Jun Da He
Marina Lamprecht
Mike O’Neil
Maria Fernanda Suarez
Byron Hunter Tatsch Demographics Venezuela USA

Population 27 million 307 million
Age Structure 64.3% between 15-64 67% between 15-64
Religion 96% Roman Chatholic 51.3% Protestant
2% Protestant 23.9% Roman Catholic
2% Other 24.8% Other
Ethnicity Spanish, Italian, Portugese Caucasian, African American,
German, Arab, Afrian, Native Asian, Native Economics Labor Force: Agriculture 13%
Industry 23%
Service 64% Economics GDP: $13,500 (compared to $46,900 in the US)
Unemployement: 7.4% S.W.O.T. Analysis Strengths
Oil, gas and mining
Tourism attractions
Education is free and 20% of govermental budget are allocated Weaknesses
Tax for oil is 34%
Political instability
Focus on social not economical issues Opportunities
Oil contracts
Growing technology
Hydrocarbon Law Threats
President Hugo Chavez
Dispute with Colombia and Guyana
Drugs Business Etiquette Appearance
Conservative business suit for men
Fashionable,cocktail dress for women
No slouching
Behavior
Punctuality
Small talk
A.M. appoinments and lunch invitations
Business cards
Business gifts
Toasts Business Etiquette Communication
Handshakes
Hugs and kisses
Conversational dominance
Surnames
Titles
Do's and Don'ts for socializing topics
Time Business Etiquette A Business Encounter - Start Up Make an Appoinment
Be punctual (consider traffic)
Come early
Mo-Fri 8am to 5pm
No appoinments before holiday Engaging in a Conversation
Eye contact
Proximity
History Business Dress
Grooming is important
Status symbols
Casual wear A Business Encounter -
Before Negotioations Third party
Representative
Language
Confirmation
Long meetings
Machismo
Patience A Business Encounter -
Table Manners Lunch is work-related from 12pm to 2pm
Dinner is for socializing from 8.30pm to 10pm
Seating plan
Start to eat when everyone is served
Keep hands above the table
Cutlery
Napkin remains on lap
Do not drink before the toast has been given Venzezuelan Values National pride and patriotism
Family and relationships
Titles, reputation and image
Status symbols
Appearance and behavior
Rules and regulations
Traditional roles
Respect for age Success Recipe for Expatriate consider etiquette rules
respect national pride
make and show your effort
build a meaningful relationship
take your time
enjoy and succeed Thank you for your attention !

Stay Tuned for More ... Agenda Demographics
Economics
S.W.O.T. Analysis
Geert Hofstede‘s Cultural Dimensions
Business Etiquette
Business Encounter
Table Manners
Venezuelan Values
Opportunities and Challenges
Success Recipe
HA 499 Concepts Economics S.W.O.T. Analysis Strengths
Oil, gas and mining
Tourism attractions
Education is free and 20% of governmental budget are allocated Weaknesses
Tax for oil is 34%
Political instability
Focus on social not economical issues Opportunities
Oil contracts
Growing technology
Hydrocarbon Law Threats
President Hugo Chavez
Dispute with Colombia and Guyana
Drugs Threats
President Hugo Chavez
Dispute with Colombia and Guyana
Drugs S.W.O.T. Analysis Weaknesses
Tax for oil is 34%
Political instability
Focus on social not economical issues Strengths
Oil, gas and mining
Tourism attractions
Education is free and 20% of govermental budget are allocated Opportunities
Oil contracts
Growing technology
Hydrocarbon Law S.W.O.T. Analysis strengths
Oil, gas and mining
Tourism attractions
Education is free and 20% of governmental budget are allocated Weaknesses
Tax for oil is 34%
Political instability
Focus on social not economical issues Opportunities
Oil contracts
Growing technology
Hydrocarbon Law Threats
President Hugo Chavez
Dispute with Colombia and Guyana
Drugs Cultural Differences
Power Distance
Masculinity
Individuality
Recession
Political Instability
Education
Technology
Challenges and Opportunities Geert Hofstede’s Cultural Dimensions
Cultural Relativism
Steps of International Negotiations
Leadership and Motivational Styles
HA 499 Concepts
Full transcript