This also tends to be the case in Mexico. Formal business attire is to be expected by politicians and very high level executives, but for the most part, depending on industry and city, formal attire is not required.
A couple notes to remember while in a business meeting: it is important to receive coffee/tea with you right hand and considered impolite to not take a cup. Second, avoid crossing your legs during meetings so you will not show the sole of your foot. It is impolite and unclean.
Mexico’s current president hold daily 6am press briefings that address differences subject related to the country’s well being. He gives the press and common citizens an opportunity to ask questions and raise their concerns. These meetings are known as “Las Mañaneras”
Most work days in Mexico start at around 7am-9am. Lunch is typically taken from 2pm to 4pm and dinner is eaten at about 8pm to 10pm. The best time to schedule a morning meeting in Mexico is at 10 am right after breakfast.
A short left side hug after meeting someone for the first time or completing a business agreement is customary in Mexican culture. In a more formal setting, a firm handshake is most appropriate.
Verbal communication often times has more significance than written communication in Mexican business culture. Most communication is done via phone call and in person rather than via email. Most business deals will be completed verbally and signed at a later date.
This projected margin of victory is the largest in Mexico’s recent history. Surveys suggest that AMLO has an approval rating of more that 84% amongst Mexican citizens
He is seen as someone who can stand up to the United States and put the best interest of the Mexican people first
Mexico’s current president, Andres Manuel Lopez Obrador (AMLO) won his election by a margin of 31 percentage points by running on the promises to increase social welfare and fighting corruption within the elite political parties and business interests.
Great insight @TY_BUS302
It’s interesting see the juxtaposition of the phases of life and its relationship it has with color significance in different cultures.
Gift giving is important in Chinese culture and play a role in relationship-building, showing respect, and appreciation. It's important to note though, to not give white flowers since the color represents death and is only appropriate at funerals.
Mexico is a part of a multitude of free trade agreements, both bilateral (two country partnership) and multilateral (three or more countries). The most noteworthy is NAFTA, the agreement between Mexico, Canada, and the US. Mexico exports roughly 80% of their products to the US.
This is great insight @KatieDunlop18! Placing importance on a handshake reflects how close the country holds the values of confidence and respect in business relationships.
Handshakes are an extremely important part of Russian culture, and anyone doing business there should become familiar with Russian handshake etiquette. Handshakes should never be given through doorways/thresholds, as this is considered bad luck.
Mexico is generally considered to be a “high-context” culture, meaning that most business relationships have taken years to establish. Teams should be prepared to invest a lot of time and effort into face-to-face interactions that help build trust and loyalty.