Business traditions and mentality
For doing business in another country successfully, you must understand the mentality of its people, the business traditions of entrepreneurs, and the everyday habits of residents. Its knowing will make your way to success easier.
Placed at the crossroads of Europe and Asia, Azerbaijan is a country of rich cultural heritage, stunning landscapes and diverse traditions. Since independence, the state has enjoyed impressive economic growth. Foreign investment is welcomed and encouraged here, creating a friendly and hospitable business environment for starting and doing business.
2
Cambodia is an open market economy and has demonstrated excellent economic growth over the past decade. Although Cambodians do not expect foreigners to behave the same way as them or adhere to their standards of behavior, it is important to know how Cambodian culture influences the work environment and the entire process of doing business.
2
The Maldives is widely known as one of the world's best holiday and honeymoon destinations, but the country is also a popular business hub. If you're planning to start a business here, meet potential business partners, or talk to investors, there are certain business etiquette rules you should know to make a good impression.
3
I am sharing my personal experience. I have been living and doing business in Vietnam for the second year. I am involved in the e-com field in Southeast Asia, co-founder of the Saigon Business Club of Russian-speaking entrepreneurs. Held more than 190 meetings and negotiations with Vietnamese entrepreneurs and accumulated good experience of interaction. After some of them, I came out with a long list of notes for further work and conclusions.
3
Ghanaians tend to stick to tradition in both their personal and business lives. Making a good first impression is important to building relationships in the African country's business environment, and showing respect and consideration is highly valued by Ghanaians.
4
My name is Anna Rudneva, I am an expert and co-founder of an export consulting company — neraconsult.com. This article contains my experience of doing business in India, cheat codes for negotiations with Indian partners and the story of how a door fell off at our exhibition stand.
3
Nicaragua is one of the largest countries in Central America. It has a strategic location between North and South America, making it attractive for investors and business. Foreign partner from Nicaragua — who is he? Everything that is important to know about the first meeting, how to build business relationships and conduct business with representatives of this country.
4
Doing business in the Islamic world can be quite challenging, especially if one does not understand Sharia law and its implications. The key to smooth business transactions in the Middle East and the Muslim world as a whole is a common understanding of the purpose of Sharia law, where and how Sharia law is applied, and how it affects the transaction system.
4
Business etiquette in Pakistan has its own national and religious characteristics, which are important to consider when conducting business negotiations and communicating with Pakistani partners. The culture and traditions of this country have a great influence on business processes, so knowing the basics of Pakistani business etiquette will help avoid misunderstandings and conflict situations.
6
Serbia is a kind of crossroads of Europe. The shortest roads connecting Western Europe and the Middle East run through this country. This geographical feature became one of the reasons for the tragic fate of this Balkan land, which from time immemorial served as a bait for all kinds of aggressors and occupiers. The complex historical path of Serbia left an indelible mark on the character of its people, which can be easily traced to this day.
4
Knowledge of cultural traditions and business etiquette is the key to success in establishing strong business relationships with representatives of other countries. As in every individual country, in the business world of Nigeria there are certain norms and traditions that are important to consider when conducting business and business relations there.
4
In every country, in addition to laws and traditions, there are rules of business etiquette that are usually followed so as not to find yourself in an awkward situation. To do business in Ethiopia, an economically developing country on the African continent, one must respect and take into account the nuances of its unique historical and cultural heritage.
4
Initial business valuation
Business analysis and audit (Due Diligence)
International support of negotiation and deal
Each country has its own laws and rules for investors and business buyers. How to get around all the obstacles? Read related articles “Investor Life Hacks”.
