CCM: Singapore and Mexico Business - Cultural Management Issues

Verified

Added on  2023/04/11

|17
|1187
|251
Presentation
AI Summary
This presentation provides a comparative analysis of cross-cultural management between Singapore and Mexico, highlighting key cultural differences, value systems, and communication styles. It examines the impact of Confucian and Catholic religious influences on business practices in each country, respectively. The presentation includes two business scenarios involving Singaporean and Mexican companies, offering recommendations for navigating potential cultural clashes. It further analyzes leadership styles and Hofstede's cultural dimensions for both countries, emphasizing the role of culture in international business and its effects on HR strategies. The presentation concludes by stressing the importance of understanding cultural differences for effective management and HR practices. Desklib provides this presentation and many other solved assignments for students.
Document Page
Name:
Unit:
Date:
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Cross Cultural Management
Singapore and Mexico
Document Page
Introduction
Republic of Singapore
Capital City: Singapore
Surface Area: 719 Km2
Population: 5612000
Currency: Singapore dollars
(1.5266=1 EUR)
Religion: Mostly Buddhism
Languages: English, Chinese,
Malays, and Indian
United Mexican States
Capital City: Mexico City
Surface Area:1964375 km2
Population: 123518000
Currency: Mexican Pesos
( 21.4447MXN=1EUR)
Religion: Mostly Christians
Languages: Spanish
Document Page
Cultural differences
Singapore
Important definition: Confucian concepts
of are dominant in the country.
Most Popular Sport: Cricket, Soccer,
Basketball and Golf
Clothing: Long sleeve shirt and a tie is
not compulsory while women wear light-
weight attire.
Important facts:
GDP per capita 57714.30 USD (2017).
Chinese and Indian Singaporean are more
profit oriented compared to Malays
Lowest levels of corruption in public sector
Gift giving is discouraged. It viewed as bribe
(countryeconomy.com, 2018)
Mexico
Important definition: Catholic religious
concept dominant the country’s
culture and practices.
Most popular sport: Football, Baseball,
Bull fighting, Mesoamerican ballgame
Clothing: Men wear ties while women
wear formal business attires.
Important Facts;
GDP per Capita is 9319 USD (2017).
High level of corruption in the public
sector
Gift giving is highly accepted
(countryeconomy.com, 2018)
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Value System
Singapore
Harmony
Respect
Care
Integrity
Mixed religions.
Singaporeans dislike taking
about their religion.
Mexico
Trust
Close Relationship with
family
Over 90% of the population
are Christians and over 80%
are Catholics. Religion
impacts how Mexican
engage, build families, work
days and get married.
Document Page
Direct Vs Indirect Communication
Singapore
There is indirect communication. They pay
attention to posture, expression, and tone
Speaking loudly is rude.
English is the official business language. English
is spoken with Singaporean accent and there is
foreign influence.
No close physical contact for stranger. Only
reserved for close friends.
Pointing by index figure is viewed as rude.
Silence is purposeful and important part of
communication.
It considered offensive and disrespectful to
touch someone’s head (Wu and Ang, 2011).
(Cultural Atlas, 2019).
Mexico
Mexicans are indirect communicators.
There is use of diminutives language style
when conveying a meaning in more
affectionate or softer way.
English is spoken with Spanish accent but
the official business language is Spanish.
There is prolonged eye contact.
Stand too close to one another when
talking.
There use of excessive arms and hands
gestures through conversation.
(Cultural Atlas, 2019).
Document Page
Scenario 1.
The GIC want to invest in
Mexico’s energy sector
through Pemex.
The GIC targets Pemex
Corporation following the
legislation reforms on energy
in Mexico.
The meeting to be held in
Mexico.
(Ft.com, 2018)
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Recommendations for Scenario 1
Arrive in the meeting early
for good impression.
Allow small talks to precede
especially when a serious
decision has to be made.
The meeting might be very
passionate and emotional
but that should not be
considered unprofessional.
Document Page
Leadership Style
Singapore
Autocratic style of
Leadership
Leaders decision is final and
involves a lot of
consultation.
Attitude towards managers
is formal
There is close monitoring of
employees.
Mexico
Autocratic leadership style
Decision making is highly
hierarchical
There is strong
management employee
relationship based on
loyalty and little supervision
is required.
Document Page
Scenario 2.
Singapore's wealth fund GIC teams up with
Mexican based Compass Group and CIM
Group to operate and develop rent multi
family buildings in Mexico.
What if the Mexican make a decision
without having to consult Singaporeans.
The Singaporeans may not directly
disagree with the decision and it proposals
to avoid being interpreted as rejecting.
Singaporeans may not like challenging the
authority.
(IPE, 2018)
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Recommendations for Scenario 2
The meeting should be
calm and participates
polite.
Don’t fill silence periodic
moments as it time for
Singaporeans to
contemplate what is said.
Encourage Singaporeans
to ask questions.
Document Page
Hofstede’s Dimensions of Culture
Comparison
chevron_up_icon
1 out of 17
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]