D271 Business in Brazil Midterm
regulatory efficiency
business freedom, labor freedom , monetary freedom
Brazilians tend to be more direct than Dutch people.
false
Brazilians tend to have a pessimistic behaviour.
false
Compare Brazilian and Dutch culture: Brazilians are more task oriented and direct than Dutch people
false
Compare Brazilian and Dutch culture: Dutch people are more hierarchical than Brazilians.
false
Most Brazilians prefer do things on their own, without any company. People don't often do things together.
false
Brazilians tend to be task oriented (look at Globesmart)
false, relationship
restraint
feels guilty spending money on yourself or having fun
government size
government spending, tax burden, fiscal health
communication styles
higher context, implicit, relationship oriented
Indulgence
indulgent spends as you wish, earn your money and spend
The ease of doing business ranking ranges from
1 to 190
How many definitions are there of culture?
160
What is the population of Brazil?
209 million
How many states does Brazil have?
26
Equatorial
Amazon, humid hot climate
The Brazilian capital is
Brasilia
Which of these brands is owned by a Brazilian based company?
Burger King Popeyes Heinz Ketchup
What are the climate regions in Brazil
Equatorial Tropical Semi-arid Oceanic Subtropical
What are the policies of the Real Plan?
Exchange rate undervalued currency overvalued currency
According to the Globesmart country cultural profile, Brazilians tend to be risk oriented.
False
According to the case, Walmart entered the country while inflation was 2000% per year
False
Brazilians love to save and only spend money when they have it in their accounts
False
The official language in Brazil is Spanish
False, Portuguese
(samba metaphors) physical touch
Family ties Hospitality Collectivism 6 inches to 12 inches apart A lot of families work together in business People talk over each other- people are interested and excited The OK sign in Brazil can be seen as rude Very touchy, they like to hug, kiss, and the notion of "personal space" is different
Jeitinho ________ (check ALL that apply) Please observe that CANVAS does double penalties in wrong answers. Only mark the ones you are sure are correct
Is related to personal exchanges in order to get things done faster Is not always used to take advantage Has to do with creativity to deal with daily complications
What entry modes did Walmart use in Brazil?
Joint venture Acquisitions
The initial failure in Brazil was caused by which of the following?
Lack of products Location Infrastructure Insufficient knowledge about social environment in Brazil
What are the measures taken in Plano Real?
Lowered down the inflation Interest rates were risen Restricted government expenses
What did the Real Plan do?
Measures taken to stabilize the economy in 1994 Fight against hyperinflation Intended to stabilize the domestic currency in nominal terms Stopped the government from periodically raising prices (indexing inflation) Introduced a new currency (the real) Exchange rate was partially linked to that of the US dollar Cuts on government spending
Compare Mexico and Brazil in GlobeSmart. Both countries are in the opposite sides of all 5 dimensions.
No
Who was Brazil discovered by?
Pedro Alvares Cabral in April 1500
Who was the first emperor?
Pedro I, son of the king of Portugal
Who was the second emperor?
Pedro II (1831) at the age of 5
Stereotypes
Sao paulo- too much business Rio- too much carnival/too much fun Bahia (northeast)- too slow Southern states- too much european The amazon states- too much "native"
Brazil is more
interdependent, more status oriented, brazil is in the middle of risk and certainty, more indirect, and more relationship oriented
(samba metaphors) Small step circularity
Small, somewhat controlled steps in a circular pattern When doing business in Brazil, it can feel like you're going in circles | it takes time Takes time to develop relations Commands and no in negotiations | keep conversation going or break Patriarchal Long-term resources No hard sell approach Do business in Brazil | first establish relationship before just doing business
What region is the wealthiest?
Southeast
(samba metaphor) paradox of dance
Spending culture Different backgrounds 51% black or brown Rich and poor Role of religion Paternalism
(samba metaphor) spontaneous scape
Spontaneous and unexpected activities are allowed (abrupt breaks) Positive attitudes Meetings will not finish on time Polychronic- can skip around and do multiple tasks If you are doing business in Brazil always be on time
Considering the Index of Economic Freedom, Brazil's is better ranked than India, Guinea and Tunisia.
True
To adapt locally, Walmart in Brazil entered the credit card industry.
True
south
coldest region covered by atlantic forest
Culture
consists of patterned ways of thinking, feeling and reacting, acquired and transmitted mainly through symbols, constituting the distinctive achievement of human groups, including their embodiment in artifacts; the essential core of culture consists of traditional ideas and especially their attached values
jeitinho
dealing creatively with life's everyday complications
The distance to frontier (DTF)
distance of each economy to the "frontier", which represents the best performance observed
Northeast
dry weather inland and humid weather in coastal areas
According to the Globesmart country cultural profile, Brazilians tend to be egalitarian.
false
According to the Globesmart country cultural profile, Brazilians tend to be task oriented.
false
Brazil combines collectivism and restraing in Hofstede's cultural dimensions
false
Brazilians and Dutch people are both interdepended according to Globesmart.
false
southwest
low temps in winter and stays warm in summer
Samba
one of the first expressions of the Afro-Brazilian culture to be admired, and it has occupied a distinguished position in the popular music
novelas
passion for TV, soap operas
Masculinity
preference in society for heroism, assertiveness, and material rewards for success More competitive Live to work
Rule of law
property rights, government integrity, judicial effectiveness
midwest
somewhat dry, but fertile soil
Based on the information you read on Culture Smart about the Brazilian regions and on the data on the case, to which region of Brazil should ARP go first?
southeast
Femininity
stands for a preference for cooperation, modesty, caring for the weak and quality of life Society at large is more consensus oriented Work to live
(samba metaphor) undulation
taking a shortcut corruption
Uncertainty avoidance
the extent to which the member of a culture feel threatened by ambiguous or unknown situations
open markets
trade freedom, investment freedom, financial freedom
Brazil has high power distance compared to the Netherlands.
true
Brazilian "novelas" play an important role in their culture.
true
People who work together tend to become friends and spend time together outside work.
true
favelas
where people live in total poverty