D271 Brazil Final (info after midterm)
Local content laws (protectionism) helped Brazil to be economically competitive in the global oil industry. (T/F)
False
McDonald's is seen as a cheap fast food option in Brazil.
False
Natura and Havaianas have production in different countries, as part of their strategy.
False
Petrobras was privatized (T/F)
False
The ability to build solid partnerships on its projects is one of Petrobras' strengths. (False)
False
The recession in Brazil in the last few years has not affected Natura.
False
Some HR notes
-44 hrs per week/8 hrs per day -overtime not exceed 2hrs a day at payment of %150 of normal -minors cant work from 10pm to 5am -part time workers can only work max 25hrs a week -Companies grant paid holiday 30 days after working a year with no more than 5 absences -employees have the right to work 1/3 of the holiday period at double pay -employees receive full sick pay for the first 15 days of illness -females receive maternity leave 4-6 months & Men 5-20 days -employees must make contribution of 8% of wages for length of service guarantee fund -20% of employee salary to Social Security administration -employing more than 3 people, 2/3 of all employees must be Brazilian -A permanent visa is required for anyone stating in Brazil for 4+ years
Brazil is the _____ largest economy and _____ biggest FDI recipient in world
9th (Economy) 7th (FDI)
Distribution channel preferences in Brazil and the USA are very similar in the two cases.
False
The following are examples of adapting products and services to the Brazilian market, with the exception of: Offer of tropical juice in all meals Changing the names of products to Portuguese Opening coffee shops Selling ice cream cones in free standing locations
Changing the names of products to Portuguese
Branch that acts in the enforcement of programs or rendering of public service
Executive
Accuracy in planning the costs for new projects is one of petrobras' competitive strengths (T/F)
False
Brazilian firms are not as competitive as their foreign competitors.
False
Department stores are the best place to sell Beauty and Personal Care items in Brazil.
False
Branch which solves conflicts among citizens, entities and the state
Judicial
A potential problem caused by local content laws is
Lack of firm commitment by local industry to become competitive
Petrobras faced many problems, with the exception of: Excessive political interference Instability in top leadership Not enough controls and systems to manage growth Lack of knowledge in deep water oil exploration
Lack of knowledge in deep water oil exploration
Branch that creates laws
Legislative (Congress has almost 600 seats)
Three Independent Branches
Legislative, executive, judicial
What do Brazilians usually give instead of gifts?
Meals (Don't use fingers!)
What age do men usually retire? Women? How long do each work?
Men-60 (work for 35 years) Women-55 (Work for 30 years) Reform being voted on
Electoral process, political pluralism and participation, functioning of government
Political Rights
Presidential federative Republic
President acts both as head of the state and chief of the executive branch of the government
One of the problems McDonald's faced when entering Brazil was:
Real estate costs and availability in urban centers
two types of taxes in Brazil
State tax and Municipal taxes
Brazilian culture influences distribution channel preferences, as seen in the Natura case.
True
Brazilians are open to foreign products.
True
Brazilians tend to have breakfast at home.
True
Considering the company's corporate governance, Petrobras' board is strongly influenced by politicians. (T/F)
True
Direct selling in Beauty and Personal Care represents a higher % of the Brazilian Market than in the United States.
True
Entrepreneurship and collectivism supported the expansion of Havaianas.
True
In a MFA (master franchising agreement), a master franchisee has the rights to sub-franchise in a certain territory.
True
Integrated large-scale production is one of Petrobras' strengths. (T/F)
True
Kickbacks were used for financing political campaigns and the company became a source of political slush funds. (T/F)
True
Lava jato (car wash) was the beginning of Petrobras' decline. (T/F)
True
McDonald's faced issues in Brazil related to releasing market campaigns focusing on children
True
McDonald's faced problems in Brazil related to exploitation of workers.
True
Natura and Havaianas focus on innovation and creativity.
True
Natura and Havaianas have acquisition as one of their expansion strategies.
True
Natura and Havaianas take advantage of "Brazil as country of origin" as one of their competitive strengths. (T/F)
True
Natura has a strong focus on sustainability and uses different plants as raw materials.
True
Networks were very important in the case of Havaianas' internationalization process.
True
One of McDonald's main competitors in Brazil is the informal sector.
True
Privileged access to new reserves and new proposed oil and gas regulation is one of Petrobras' competitive strengths. (T/F)
True
The Northeast region of Brazil offers lower labor costs than in the Southeast of Brazil.
True
The corruption scandal at Petrobras has had many impacts on the Brazilian economy and government. (T/F)
True
Foreign Corrupt Practices Act
US companies, in their worldwide operations, are forbidden to engage in activities that are illegal in the USA
Freedom of expression and Belief, Associational and organizational rights, rule of law, and personal autonomy and individual rights
civil liberties
Havaianas uses temperature as one of these items for its prioritization map for internationalization
true
