Mexico is situated in north - western part of Latin America.The ethnic composition of Mexico and the famous identities of its region along with extremely bright culture have been created by the influence of external indigenous and migration of people. The culture of Mexico is also influenced by African and Spanish civilizations. The valuable assets of the region are its rich diversity of varied cultures. For conducting business in Mexican environment, a wide knowledge of its intricate culture and heritage need to be properly understood. For those who want to conduct business in Mexico and make them successful, it is necessary to acquire a clear knowledge of tradition and culture of Mexico.
Formal approach of business relations is adopted by Mexicans. They address the business partner with the suitable title. Civility or professional titles are utilized which is followed by a surname. The business meeting starts with the most suitable type of greeting such as warm and positive handshake. This is done both in case of arrival and departure from the meeting regardless of gender or superiority. A vital part of Mexican business procedure includes reliable contacts and connections need to be secured for maintaining the business. For gaining trust and success in business in Mexico, it is essential for the use of ‘personal introductions’ with the help of a common friend or a suitable professional. The negotiations of business are a lengthy procedure in Mexico and exchange of elements is expected. It is also vital to note that Mexican business people are inclined to support business decision as well as proposals based on the level of trust of the individual established with the foreign counterparts. ...Show more