Cultural And Institutional Factors Of Mexico - 973 Words

EXECUTIVE SUMMARY This report examines cultural and institutional factors of Mexico and how they can impact global HR management and practices. Specifically, by analyzing Mexican culture based on Hofstede’s dimensions, economy, labor legislation, union and employment tradition we reached the conclusion that the features of Mexican culture (high power distance, strong collectivism, high level of masculinity and uncertainty avoidance) and institutional factors have a strong impact on management styles and HR practices of business in Mexico and may arouse some challenges for global company and their expatriates, especially those from countries that bear different cultural features and institutional conditions. In order to minimize the potential conflict between Mexican local employees and expatriates, parent companies need to provide trainings (culture assimilation, country condition, etc.) before sending anybody to Mexico. Also, whether the expatriates should put more effort to disseminate home c ountry (headquarter) culture or to adjust to local culture depends on the company’s strategy in terms of being localized or standardized around the globe. INTRODUCTION The following report analyzes cultural and institutional environments of Mexico and how they can affect HR practices of global companies. It is intended to help companies that want to operate in Mexico gain a better understanding of the country and become prepared for potential issues and conflicts that might beShow MoreRelatedCultural And Institutional Environments Of Mexico1183 Words   |  5 Pagesreport analyzes cultural and institutional environments of Mexico and how they can affect HR practices of global companies. It is intended to help companies that want to operate in Mexico gain a better understanding of the country and become prepared for potential issues and conflicts that might be brought by cultural and institutional differences between Mexico and the companies’ home countries. 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