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.
Gifts are an integral part of international business relations. With their help, any partnership is started, continued and maintained. Business gifts, chosen correctly, can lead you to amazing results of cooperation.
Maksim Kirilenko, SeoPult International Expansion Director, tells how to choose a gift for foreign business partners.
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Maxim Kirilenko, SeoPult International Expansion Director, shares his experience of working with Brazilian partners.
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Vietnam is a very ancient country with a rich historical and cultural heritage. The way of life of most ordinary people in Vietnam is not too different from the life of their ancestors hundreds of years ago. However, since Vietnam's accession to the WTO in January 2007, the country has experienced economic growth, which has brought with it great changes.
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The Russian Federation and the Republic of Belarus have much in common in the historical, economic and cultural spheres, and the peoples living on the territory of both states are considered fraternal.
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Jordan is famous all over the world for carved into the rocks, at the bottom of a narrow gorge, the ancient city of Petra, the Dead Sea, deserts, a huge Christian heritage, biblical places. It has the status of the most calm and safe country in the Arab world.
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Iranian culture, which has a long history, is characterized by the presence of a large number of features that distinguish this people from others, including this applies to business culture. The Iranian people attach special importance to politeness and etiquette.
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Modern Tajiks consider themselves the bearers and keepers of a multi-thousand-year tradition associated with the culture of the entire Persian-speaking area.
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Traditional Kazakh etiquette originates in the centuries-old oriental culture of this land. Translated from the ancient Turkic language, the word "Kazakh" means "a free and independent person."
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In recent years, China has greatly strengthened its position in the global economy. The socio-economic success of the country is forcing the entire global business community to more closely study the Asian market, as well as the peculiarities of Chinese business etiquette.
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At first glance, in Egypt, the way of life of people of intellectual labor is not so different from the Western image. However, there are a number of subtleties and difficulties, the main reason for which lies in the fact that Egypt is mostly a Muslim country. Therefore, no matter what pro-Western views the business partners from Egypt hold, it is worth remembering that at their core they are representatives of a conservative society that respects traditions and foundations.
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Russian entrepreneurs who want to buy or do business in Turkiye should remember that most of the inhabitants of this country are Muslims. In this regard, it makes sense to refresh your memory or get acquainted with the basic features of Muslim business culture.
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The near abroad and Central Asia are becoming more and more interesting for Russian companies due to new markets. However, it is not enough to simply recalculate budgets taking into account other prices: a business plan can be restructured due to the peculiarities of the mentality of the population.
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Initial business valuation
Business analysis and audit (Due Diligence)
International support of negotiation and deal
Want to understand how to sell or buy a ready-made business? The REAB website has an informative collection of articles "Buying and Selling a Business".
