Televisa and Nexos Worldwide offer U.S. businesses access to Mexico's growing consumer market. Mexico's middle class has expanded to over 60 million people with increasing disposable income, representing an opportunity for new revenue. Televisa is Mexico's largest media company and Nexos Worldwide helps U.S. marketers understand how to approach the Mexican consumer market through Televisa's broadcast channels, digital platforms, and custom promotions. Their seasoned team assists businesses in adapting existing campaigns or developing new strategies to reach Mexican audiences.
Mexico, Page 1 Running Head MEXICO’S CULTURAL, ECONOMI.docxandreecapon
Mexico, Page 1
Running Head: MEXICO’S CULTURAL, ECONOMICAL, AND POLITICAL STATE
Mexico’s Cultural, Economical, and Political State
For
Firms Pursuing Business In or With Mexico
By
Kashmala Khan
For
Athena Miklos, Professor
ECN 2025-102947
Tuesdays and Thursdays, 10:00-11:20 AM
College of Southern Maryland
La Plata, Maryland
November 15, 2012
Mexico, Page 2
Summary
Before a firm does business in Mexico it is imperative to understand the achievements
and pitfalls of its cultural, economic, and political forces. Although Mexico has improved
substantially with its technological development, investment policies, foreign exchange policies,
and tariffs, it still has significant pitfalls when it comes to honoring contracts, legal framework,
and enforcing laws.
The cultural forces of Mexico are largely dependent on social structure. Mexicans respect
authority and look to those above them for guidance and decision-making. This makes it
important to know which person is in charge, and leads to an authoritarian approach to decision-
making and problem solving. Since 92.7% of the total population in Mexico speaks Spanish
only, it will be beneficial to learn Spanish or have a translator at hand at all times. Shared culture
makes it easier to market and sell goods and services.
The economic forces in Mexico offer both favorable and unfavorable qualities. Mexico is
currently the second largest export market for U.S. goods. Some of the greatest achievements of
economic forces include physical infrastructures, telecommunication systems, production
capabilities, and technology. The unfavorable qualities of the economic forces include high
employment rate and unskilled labor.
The political forces in Mexico also play a great role in opportunities and pitfalls. The
opportunities include efficient settlements to disputes and reasonable trade regulations and
standards. The pitfalls include wars and terrorism caused by the drug wars and cartels.
There are numerous opportunities for firms in the Textiles and Clothing industry of
Mexico. A firm should be knowledgeable about the cultural differences in Mexican people in
Mexico, Page 3
order to undergo business successfully. A firm should also be aware of the potential profit
Mexico has to offer, as well as the potential problems. To conclude from this research, U.S.
firms should enter the Textiles and Clothing industry in Mexico because there are a lot of
opportunities and the Mexican economy will further expand in the near future.
Mexico, Page 4
Introduction
This paper will review and relay the most recent information regarding Mexico’s cultural,
economic, and political forces. The objective of this paper is to assist firms who are interested in
entering the Textiles and Clothing industry in Mexico by portraying the opportunities, issues,
and pros and cons of doing business in Mexico. Th ...
Memphis PR Firm- VIDA Communications Group- launched "Habla! Digital Creative,"a digital ad, digital marketing, and social media division. The team will focus on helping businesses and organizations understand and engage the Hispanic community, especially millennial and affluent members of the community, who account for $500 million of the Hispanic community's TRILLION dollars in spending power. Social media expertise will be focued on sites most heavily populated by these groups, including Facebook, Twitter, and YouTube.
Mexico, Page 1 Running Head MEXICO’S CULTURAL, ECONOMI.docxandreecapon
Mexico, Page 1
Running Head: MEXICO’S CULTURAL, ECONOMICAL, AND POLITICAL STATE
Mexico’s Cultural, Economical, and Political State
For
Firms Pursuing Business In or With Mexico
By
Kashmala Khan
For
Athena Miklos, Professor
ECN 2025-102947
Tuesdays and Thursdays, 10:00-11:20 AM
College of Southern Maryland
La Plata, Maryland
November 15, 2012
Mexico, Page 2
Summary
Before a firm does business in Mexico it is imperative to understand the achievements
and pitfalls of its cultural, economic, and political forces. Although Mexico has improved
substantially with its technological development, investment policies, foreign exchange policies,
and tariffs, it still has significant pitfalls when it comes to honoring contracts, legal framework,
and enforcing laws.
The cultural forces of Mexico are largely dependent on social structure. Mexicans respect
authority and look to those above them for guidance and decision-making. This makes it
important to know which person is in charge, and leads to an authoritarian approach to decision-
making and problem solving. Since 92.7% of the total population in Mexico speaks Spanish
only, it will be beneficial to learn Spanish or have a translator at hand at all times. Shared culture
makes it easier to market and sell goods and services.
The economic forces in Mexico offer both favorable and unfavorable qualities. Mexico is
currently the second largest export market for U.S. goods. Some of the greatest achievements of
economic forces include physical infrastructures, telecommunication systems, production
capabilities, and technology. The unfavorable qualities of the economic forces include high
employment rate and unskilled labor.
The political forces in Mexico also play a great role in opportunities and pitfalls. The
opportunities include efficient settlements to disputes and reasonable trade regulations and
standards. The pitfalls include wars and terrorism caused by the drug wars and cartels.
There are numerous opportunities for firms in the Textiles and Clothing industry of
Mexico. A firm should be knowledgeable about the cultural differences in Mexican people in
Mexico, Page 3
order to undergo business successfully. A firm should also be aware of the potential profit
Mexico has to offer, as well as the potential problems. To conclude from this research, U.S.
firms should enter the Textiles and Clothing industry in Mexico because there are a lot of
opportunities and the Mexican economy will further expand in the near future.
Mexico, Page 4
Introduction
This paper will review and relay the most recent information regarding Mexico’s cultural,
economic, and political forces. The objective of this paper is to assist firms who are interested in
entering the Textiles and Clothing industry in Mexico by portraying the opportunities, issues,
and pros and cons of doing business in Mexico. Th ...
Memphis PR Firm- VIDA Communications Group- launched "Habla! Digital Creative,"a digital ad, digital marketing, and social media division. The team will focus on helping businesses and organizations understand and engage the Hispanic community, especially millennial and affluent members of the community, who account for $500 million of the Hispanic community's TRILLION dollars in spending power. Social media expertise will be focued on sites most heavily populated by these groups, including Facebook, Twitter, and YouTube.
Outsourced Contact Centers in Mexico: A Closer LookDATAMARK
This concise paper will bring you up to date on the state of the contact center industry in Mexico and explain some of the benefits of nearshore contact center arrangements.
Nearshoring in Mexico – Right Across The BorderNeo Group Inc
The rise of Mexico as an outsourcing destination over the last decade has been tremendous. And its close proximity to the US has definitely made a big difference.
But is that all that’s there to it – the nearshore advantage? How has this Latin American country managed to find its footing in an area earlier dominated by its Asian counterparts like India, China, Malaysia, and the Philippines located thousands of miles away? How has Mexico managed to deal with competitors in the region, say Canada or Brazil, who also have some similar advantages? How has it faced controversial issues like drug-related violence and high crime rates?
This Supply WisdomSM white paper attempts to explore all these areas and then some more.
To build a tourism strategy that lasts and that works for all, you have to be realistic in analysing what works and what doesn’t. In the second of this ‘‘Uncovered’’ series of reports, experts at TOPOSOPHY lift the lid on tourism trends in Mexico and make an honest, frank assessment of the top priorities for government and business in the
country today.
Domestic and international tourism in Mexico is continuously growing. The tourism industry growth continues to ride higher than the average national GDP growth and investment in the tourism sector is pouring into the country as the main source market, the United States, recovers from the global financial crisis. Nevertheless image remains the main concern as incidents relating to organised crime continue to affect parts of the country and Mexican citizens have mobilized to demand more security as mid-term elections approach (Summer 2015).
As this report will explain, the media often reports a distorted view of the reality of daily life in Mexico. Furthermore, Mexicans’ views of their own country can often be subject to an inferiority complex or over-influenced by current events. Discover TOPOSOPHY’s take on the current state of Mexican Tourism in this candid report that aims to provide an external view and an independent perspective on how a tourism industry with high potential can deliver for the country in the future.
Trade and Investment Opportunities between Spain and Mexico Nuricumbo + Partners
I would like to share a translation of the latest article published by Enrique de la Madrid in Mexico’s El Universal newspaper.
The article discusses the long tradition in international relations between Mexico and Spain, going back to colonial times, and the vibrant levels of trade and investment between the two countries today.
I hope you will find it interesting.
As always, let us know if we can support your business operations in Mexico or Latin America.
* Enrique de la Madrid is the General Director of Bancomext, Mexico's National Export Development Bank.
6 Misconceptions About Manufacturing in MexicoNovaLink
As you might have guessed: most all the misconceptions about manufacturing in Mexico have no foundation in fact: because NovaLink is committed to the growth and satisfaction of its clients who are currently or will be committed to Mexico manufacturing in the future we want to dispel some of these misunderstood facts about manufacturing in Mexico.
What Top-Tier Industries Are Telling Us About Building Relationships Through Social Media, Mobile Solutions, Big Data, Interactive Technology and Online Marketing.
Outsourced Contact Centers in Mexico: A Closer LookDATAMARK
This concise paper will bring you up to date on the state of the contact center industry in Mexico and explain some of the benefits of nearshore contact center arrangements.
Nearshoring in Mexico – Right Across The BorderNeo Group Inc
The rise of Mexico as an outsourcing destination over the last decade has been tremendous. And its close proximity to the US has definitely made a big difference.
But is that all that’s there to it – the nearshore advantage? How has this Latin American country managed to find its footing in an area earlier dominated by its Asian counterparts like India, China, Malaysia, and the Philippines located thousands of miles away? How has Mexico managed to deal with competitors in the region, say Canada or Brazil, who also have some similar advantages? How has it faced controversial issues like drug-related violence and high crime rates?
This Supply WisdomSM white paper attempts to explore all these areas and then some more.
To build a tourism strategy that lasts and that works for all, you have to be realistic in analysing what works and what doesn’t. In the second of this ‘‘Uncovered’’ series of reports, experts at TOPOSOPHY lift the lid on tourism trends in Mexico and make an honest, frank assessment of the top priorities for government and business in the
country today.
Domestic and international tourism in Mexico is continuously growing. The tourism industry growth continues to ride higher than the average national GDP growth and investment in the tourism sector is pouring into the country as the main source market, the United States, recovers from the global financial crisis. Nevertheless image remains the main concern as incidents relating to organised crime continue to affect parts of the country and Mexican citizens have mobilized to demand more security as mid-term elections approach (Summer 2015).
As this report will explain, the media often reports a distorted view of the reality of daily life in Mexico. Furthermore, Mexicans’ views of their own country can often be subject to an inferiority complex or over-influenced by current events. Discover TOPOSOPHY’s take on the current state of Mexican Tourism in this candid report that aims to provide an external view and an independent perspective on how a tourism industry with high potential can deliver for the country in the future.
Trade and Investment Opportunities between Spain and Mexico Nuricumbo + Partners
I would like to share a translation of the latest article published by Enrique de la Madrid in Mexico’s El Universal newspaper.
The article discusses the long tradition in international relations between Mexico and Spain, going back to colonial times, and the vibrant levels of trade and investment between the two countries today.
I hope you will find it interesting.
As always, let us know if we can support your business operations in Mexico or Latin America.
* Enrique de la Madrid is the General Director of Bancomext, Mexico's National Export Development Bank.
6 Misconceptions About Manufacturing in MexicoNovaLink
As you might have guessed: most all the misconceptions about manufacturing in Mexico have no foundation in fact: because NovaLink is committed to the growth and satisfaction of its clients who are currently or will be committed to Mexico manufacturing in the future we want to dispel some of these misunderstood facts about manufacturing in Mexico.
What Top-Tier Industries Are Telling Us About Building Relationships Through Social Media, Mobile Solutions, Big Data, Interactive Technology and Online Marketing.
Similar to Televisa Nexos Worldwide Press Release (20)
1. TELEVISA AND NEXOS WORLDWIDE OFFER GATEWAY
TO BUSINESSES LOOKING FOR NEW GROWTH OPPORTUNITIES
Mexico’s Rising Purchasing Power is Ripe for U.S. Marketers
LOS ANGELES (July 15, 2015) -- Businesses looking for new profitable growth opportunities
might be surprised where they can find a rising middle class with increasing disposable income.
Mexico is an emerging market heavy weight and Televisa, in collaboration with Nexos
Worldwide, has assembled a team of professionals that will help U.S. marketers reach
consumers in Mexico.
According to the World Bank, the International Monetary Fund and most economists, Mexico is
on the rise. With a young, growing population (63 percent below the age of 35) and growing
purchasing power (over 50 percent are middle class), there is no question of the opportunity for
potential new revenue streams from south of the border.
Televisa, the largest media and content company in the Spanish speaking world, engages the
Mexican audience through 4 over-the-air broadcast channels, 25 pay television channels,
several digital and mobile platforms, product placement, branded entertainment, live events and
custom promotions.
“Through our multiplatform offerings and in-house production capabilities, Televisa delivers
precision audience targeting with more reach and engagement opportunities than any other
media company in Mexico,” said Ricardo Pérez Teuffer, Vice-President of Sales for Televisa.
In collaboration with U.S.-based Nexos Worldwide, businesses here can now easily tap into the
Mexican consumer market through all of Televisa’s marketing channels. The Nexos Worldwide
team is made up of seasoned marketing, advertising, media and promotion professionals that
will help U.S. marketers and their agencies understand how to approach the market and
navigate the nuances of marketing in Mexico.
“We know that U.S. marketers are always looking to open up new markets and they have
identified the young, growing consumer base in Mexico as a region with tremendous upside,”
said Tania Edvabny, General Manager, Nexos Worldwide. “We want to let marketers know that
Mexico is in play and that our team understands its many moving parts. It can be a little
daunting trying to figure out how to work in Mexico.”
-continued-
2. Televisa and Nexos Worldwide Opens U.S. Doors to Mexican Market
Page 2 of 2
Mexico’s growing middle class now numbers over 60 million, a healthy percentage of the overall
122 million population. These individuals and their families own cars, houses, smartphones and
every modern appliance, and they are increasingly mobile, traveling often to the U.S. for tourism
and business. According to the U.S. Department of Commerce, Mexico accounted for over 17
million (23.2%) of total international arrivals and spent a record-setting $19.3 billion in the United
States in 2014.
Nexos Worldwide (www.NexosWorldwide.com) will help stateside businesses move into the
Mexican market through both traditional and digital channels. Marketers can either adapt
existing campaigns for Mexican consumers, or tap Nexos Worldwide for help developing in-
language and in-culture marketing strategies.
For more information on working with Televisa contact:
Tania Edvabny, General Manager - Nexos Worldwide
Tania@TelevisaUSA.net
1-888-333-7593
www.TelevisaUSA.net
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