Choosing a european fund domicile: the view of global asset managers
Global Managers Project BA200-2
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Transcript of Global Managers Project BA200-2
Global Managers
Ecuador
Chris Bailey , Sara Valencia, Maria F. Perez, Sara Neufeld , Angel Sanchez, Santos Romero, Alexandria Fuentez, Jeanette Estrada
Society & Culture The population is a
mix of Mestizo (mixed Amerindian and white)65%, Amerindian 25%, Spanish and others 7%, and 3% Blacks
More than 14 indigenous groups
The main indigenous groups of the Amazon region are the Huaoranis, Achuar, Shuar, Cofán, Siona-Secoya, Shiwiar, and Záparo. The principle indigenous groups of the highlands are the Quichua, Cañaris, and Saraguros. The Awa live in northern Ecuador. The Chachis, Cayapas, Tsáchilas, and Huancavilcas live on the northern coast.
Languages
Spanish, Quechua, and other. There is about 22 languages spoken in Ecuador which include Achuar-Shiwiar, Cha’palaachi, Cofán, Colorado (Tsachila), Cuaiquer, 9 varieties of Quichua, Secoya, Shuar, Siona, Tetete, Waorani
Ecuador has 4 diverse regions: the Amazon Rain forest, the Coast, the highland Andes, and the Galapagos Archipelago
Meeting & Greeting
People shake hands when meeting for the first time.
While shaking hands, use the appropriate greeting for the time of day.
Men may embrace each other if they are good friends.
Ecuadorians kiss once when they meet friends
Always refer to people by the appropriate title (Senor or Senora) and their surname
In general, only close friends or family use first names.
Once someone uses your first name it is a sign that you may also do so
Dining Etiquette
Meals are social occasions and can be quite lengthy.
Expect lively conversation during the meal.
arrive 30,45 minutes late
Dress well as this affords the host respect
business are consider social events, and business should not be discussed.
The host says "buen provecho" ("enjoy" or "have a good meal") as an invitation
Our Scenario
Forming a Partnership with a banana company to make smoothies
Introductions
Dimensions of diversity for Initial Meeting
Clothing
The differences between managers and leaders
What do managers do? What do leaders do?
Innovates
Focuses on people
Inspires trust and motivates
Has a long range perspective
The leader challenges
Asks how and why
Administrates
Focuses on systems and structure
Relies on control
Has a short-range view
Accepts the status quo
Asks how and when
Overcoming the gender barrier in Ecuador
One thing that a lot of successful teams or businesses have in common is the fact that they find a way to work
together as a team.
Teamwork
“The way a team plays as a whole determines its success. You may have the greatest bunch of individual stars in the world, but if they don’t play together, the club won’t be worth the dime.”
- Babe Ruth
“Tremendous teamwork at the top of the company leads to tremendous teamwork throughout the company.”
- Steve Jobs
Comparing societal values of Americans, how might the values of the country in your analysis result in
conflict?
Negotiations
Gift giving
Miscellaneous
Dress
Titles & Business Cards
Meetings
What are your recommended approaches to anticipated conflicts ?
Six C’s
Communicate
Circumvent
Confront
Conform
Compromise
Collaborate
Conclusion
Why Ecuador would be successful with partnering with in a business venture.
Consciousness & guidelines to achieve any business venture.