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Cultural traits of Brazil

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  • 1. Cultural Traits Of Brazil
    Presented By:
    Anshul Tomar (R020208005)
    Anupam Basu (R020208006)
    Kumar Naveen (R020208016)
    Mudit Sharma (R020208019)
    Rohit Bhutani (R020208028)
    Sujoy Sarkar (R020208034)
  • 2. Introduction
    • Brazil is the fifth largest country in the world, has the ninth largest economy and a population of around 178 million (According latest census in 2000).
    • 3. Largest economy in Latin America, and the largest work force.
    • 4. Offers a wide diversity of cultural and social activities.
    • 5. Following the oil shock in 1970’s Brazil developed its sugarcane-alcohol industry which today fuels around 20% of private car fleet.
    • 6. Heavy bureaucracy. The political system has 3 independent branches: Executive, legislative and judicial.
    • 7. Has abundant agriculture, mineral and energy potential. It is world’s largest producer of tin, quartz.
    • 8. Broad industrial base and infrastructure, diversified economy. Major manufacturing industries include petrochemicals, cement, automobiles, steel, mining etc.
    • 9. Attracted 3% of total global foreign direct investment last year.
  • FORM OF BUSINESS ORGANISATIONS AND STRUCTURE:-
    • Two types of companies:
    Corporation
    Limited liability company (LLC)
    • All key decisions are taken by senior management.
    • 10. Relationships are of key importance in the Latin culture and the boss and subordinates work hard in order to foster a relationship based on trust and respect for the personal dignity.
    • 11. Initial business meetings will be formal but gradually the future meetings will tend to become more informal.
    • 12. Hurry is a word Brazilians don’t like.
    • 13. Brazilians see time as something outside their control.
  • Some Business Traits:
    Communication Style
    Dress Code
    Business Negotiations
    Business meals
    Business agreements
  • 14. DOING BUSINESS 2009 DATA FOR SELECTED ECONOMIES (Out of 181 countries)
  • 15. ADVANTAGES OF DOING BUSINESS IN BRAZIL:-
    • The dynamics of the Brazilian economy are impressive to more demanding investors and consumers.
    • 16. Brazil borders almost all the South America countries, except Chile and Ecuador.
    • 17. The Brazilian economy presents a sustainable and strong growth. The Brazilian GDP growth rate reached 5.3 per cent in 2007, with an inflation rate of 3.7 per cent.
    • 18. Brazil has the biggest and most diversified science, technology and innovation system of Latin America.
    • 19. Brazil has internationally consolidated its competence in producing ethanol and biodiesel.
  • Contd…
    • 67 airports with annual flow of 110 million people, 46 ports with capacity for over 600 million tons/year, 29,596 km of railways – the eleventh world railway mesh, 1.6 million km of roads – the third world road mesh.
    • 20. Brazil has one of the best communication structures with 125 million mobile lines, at about 42 million fixed lines and more than 1 million public telephones.
    • 21. The foreign companies settled down in Brazil are free to send their profits to their country of origin.
    • 22. The fourth destination for Foreign Direct Investment (FDI) among emerging markets.
    • 23. The most advanced banking system.
  • DISADVANTAGES OF DOING BUSINESS IN BRAZIL:-
    • Brazil has a volatile political environment.
    • 24. Is one of the highly corrupted countries in the world.
    • 25. Fast changing business conditions.
    • 26. The standard of living for large population is low.
    • 27. The administration of legal bodies is slow and cumbersome.
    • 28. Hiring skilled workers are difficult because of stringent labor laws.
    • 29. Normally 152 days are required on an average to start a new business which is much higher.
    • 30. Governmental inefficiency, legal and bureaucratic complications, excessive taxation, poor infrastructure, inflation are other matters which makes business in Brazil costly.
  • References:
    • www.worldbusinesscentre.com
    • 31. Doing Business 2009 Data by World Bank.
    • 32. Deptt. Of Economy, BRAZIL- FACT SHEET 2008 PDF