The First Step to a Good Relationship with Mexican Business

The First Step to a Good Relationship with Mexican Business

Formality is a basic Mexican business practice. Unlike the U.S. where people start talking to each other by first names, Mexicans have a more formal way to talk to each other. During the introduction, you must use the last name of the person who is preceded by a Senor for men or Senorita for women. Don’t call a woman Señora. Señora is only used when talking to married women. This assumption can be dangerous. If the woman is married or elderly, she will be flattered that you are arrested as a Senorita. If the woman is married, she will tell you.

Professional Degrees Are Very Important In Mexico

The two most common titles are Ingeniero for Computer engineers and programmers and Licenses for lawyers. A license is also used to compare someone with a bachelor’s degree. Licenciado for men while Licenciada for women. Lic. is an abbreviation for Licenciado / a and Ing. for Ingeniero / a.

Learn The Person’s Title As Soon As Possible And Start As Needed

If the person you are talking to is Licenciado, instead of having to say Lic. Every time you want to talk to that person, you can say Licenciado. The use of the title itself is acceptable. We often use the title of the conversation for certain people such as “Officers”, “Assignments” and “Doctors”.

Your Mexican Host Might Distract You As Licenciado

The title allows you to discuss how others see you. If you do business, whether, by telephone or in-person, most Mexican professionals will consider you a Licenciado which means you have a college degree. If you are introduced or addressed thus, just accept it and realize they will call you Licenciado during your conversation.

Understanding the title is very important because you will need it in all your communications. Some time ago, I was representative of one of the largest medical industry trade shows in the U.S., RSNA, Radiological Society of North America. I was introduced to the Regional Sales Director for a successful US producer, Dunlee. This company does international business with Canada and Mexico. I hope a director knows about the most basic business positions in Mexico.

The Director Must Issue A Letter To Me

Because I represent a company from Mexico, the Director might make notes about letters that should be addressed to Mexican professionals. Imagine my surprise when I compiled I received a letter from an international company that was submitted to Mr. Lic. Villasana. What did I say about this company? All in the organization have no clue about how the degree works in Mexico.

If I were a Mexican businessman who received this message, I would know that the company was not interested in knowing the absolute basics of how to accept me. This means that whoever greets the letter, the Director or subordinate, does not understand it “Lic.” not a nickname or short for someone’s name.

I told this story to several Mexican professionals. People can’t trust U.S. businesses can make mistakes like …

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China in 2012: What's Next for a Developing Economy

China in 2012: What’s Next for a Developing Economy

It is almost impossible to open a newspaper or open a world news station without finding stories that cover China’s economic growth in recent years. With a consistent annual growth rate of around 10 percent over the past decade and the title of the country which is the largest global exporter of goods, this country is a center of industrial strength that can be understood as the goal of many companies considering international expansion.

Witnessing China’s meteoric rise over the past few decades has been interesting, but the latest news about slowing growth raises the question: What will happen next for this growing economy? Is growth sustainable? What factors will emerge and what challenges will develop for those who want to do business in this opportunity-rich country?

Global interconnectedness and the impact of a connected world economy

An economy that has traditionally been seen as a foundation for the health of the world economy is being shaken. The Eurozone is teetering on the brink of a crisis, while the United States hopes to prevent a double recession. But China can no longer rely on the isolated remnants of this problem. Our integrated world economy does not allow one country to function as an island. Economic problems, both in the G8 countries or in a small country far apart, causing ripple effects throughout the world.

In the case of China, the impact of the world economy in chaos can be devastating. As the world’s largest exporter of goods, shrinking purchasing power in places like the US and Europe reduces consumer demand, which means less demand for low-cost products. China has an interest in positive economic growth throughout the world

Dealing with internal deficiencies

While China’s push in recent years has been to boost economic strength, rapid growth is beginning to catch up with its inadequate infrastructure and internal state of affairs. Lax environmental regulations, sharp income inequality and an overloaded national pension system are just some of the issues that this still emerging nation needs to tackle in order to maintain consistent growth.

The Chinese government is working to address these issues through reform. While its 12th five-year plan, released March 2011, is heavily focused on sustaining the country’s extraordinary success (targeting an annual GDP of 7 percent), the plan also outlines several objectives around improving infrastructure and improving quality of life for the average Chinese citizen. Some highlights include: developing the western regions of the country, investing in priority industries (clean energy, biotech, high-end manufacturing and more), reducing pollution, increasing life expectancy, developing affordable housing units, and boosting the service sector.

A challenging environment with huge opportunities

Though China is working to improve its infrastructure, it’s a market that is still notoriously difficult for foreign companies to break into. This is not likely to change; in fact, it may become more difficult as the country works to cultivate more sophisticated, native industries, rather than looking to overseas businesses to take the lead.

While no one has a crystal ball that …

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Chinese influence on the US and Global Economy Part 4 of 4

Chinese influence on the US and Global Economy Part 4 of 4

In the fourth and final series of my four sections on China’s influence on the US and the global economy, we focus on the benefits of working with international expertise for your business if you have plans to enter the Chinese business market. My extensive Asian market business experience encouraged me to write this series so that you can help you better understand how you can open your business to benefit from the Chinese market.

Cultural mistakes can take a lot of time

In 1973, Procter & Gamble sought to expand their Camay soap line in Japan. Their ad showed a Japanese man meeting a Japanese woman for the first time, and praising her on porcelain dolls like her skin (achieved with a firm soap, of course).

Over the next 13 years, the company lost $ 25 million in the market. Japanese people shouldn’t be soft soapy.

Best intentions …

P&G is a large corporation, and has been warned by advertising consultants that advertising (which has been running successfully in many other countries) will not work. But P&G executives ignored it.

The problem is that while Western culture sees the ‘porcelain doll’ praise flattering, in Japan it is seen as disrespectful. The ad said ‘use Camay and attract abusive comments’.

That is a very special cultural difference because of the lack of understanding between Western norms and people in societies that are as different as those around the Pacific Rim. Often differences are more down to earth: legal, logistical, linguistic, even meteorological, and they can become minefields.

International experts can save you time, money and your shame

If you do or think about doing business with China, for example, consider hiring international experts who will bring with them the kinds of experiences and knowledge that will help you learn from the mistakes of others. Experienced international consultants will help you to:

look at potential disasters in time so that you take avoidance measures.

educate you and your employees in certain cultural differences and perspectives.

understand Chinese economic and marketing strategies.

identify important components of your international business plan and their impact on culturally different markets.

sort out the rules and regulations of law and government.

avoid expensive mistakes.

Building your company in the Chinese market is a long-term project, and requires huge time, money and resources. The rewards have great potential, but also the risks, so that frugality in a small part of the project can cut both ways: not only can you lose a profitable business, the whole exercise can open you at costs that you don’t dream of. from.

Measure that against the ability to have someone on your team who has spent a lot of time in this country, know people, know the law, know the market and clearly the benefits it will bring.

Auditors and business consultants with international expertise, especially in Asian countries like China, which are just emerging quickly, can make a big difference in whether your international business ventures soar or sink.

Understand …

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What Makes Up Fracking Lubricant

What Makes Up Fracking Lubricant

Introduction

We only have one world and we need to take care of it. In order for our world to be functional and in good health for future generations, we need to take care on how we are using its resources. The oil industry is one of the largest industries in the world. Cars, trains, boats, trucks; basically everything you can think of runs off of oil and gas. The way that oil and gas is mined can be very damaging to the environment as well as the surrounding humans. There has to be a safer option.

What are current Fracking Lubricants made from?

Currently, fracking fluid is approximately 90 percent water, 9.5 percent sand and 0.5 percent chemicals. Unfortunately, because such a large amount of fracking fluid is needed in order to drill even one well, means that a large amount of damaging chemicals is pressed into the earth in order to get to the oil. Unfortunately these chemicals can then dump into surrounding water sources and get into drinking water in the surrounding areas. This fluid is also not healthy for people to be handling or ingesting.

The Damage of Drilling to the Surrounding Environment

Unfortunately, the process for drilling for oil is really damaging to the local environment. The area where wildlife and birds call home is left terribly damaged and the cycle of life is completely thrown off. Animals, such as sage grouse, are either killed or disturbed from their local environment. The plant life is disturbed and ruined so that animals and birds that previously had enough area to live on no longer do and are slowly going extinct. Fortunately, there is a better way to drill for oil that is not as damaging to the local environment.

Horizontal Drilling: What is it and how does it work?

One option to reduce the environmental damage of drilling for oil is horizontal drilling. Horizontal drilling is very similar to vertical drilling and actually starts as directional drilling. However, instead of just continuing to go down wards, when hitting oil, the drilling companies curve the piping to also go horizontal. This makes it possible to drill underneath areas without having to disturb the environment on top.

Fracking Fluid: How can it be improved?

The chemicals in fracking fluid are the most problematic. These chemicals entering into the surrounding areas can cause problems with the surrounding water sources. Not utilizing the chemicals and only using sand and water is one option. However, this makes the drilling somewhat more ineffective. Utilizing other chemicals instead of chemicals that are super harsh for the environment is also an option. Radium and other chemicals can be switched out for less harmful chemicals. Using alternate sources of energy is also an option. The wind, water and sun energy industries are much more underdeveloped in comparison to the gas industry. Opening the door to other energy options is the best, most effective way to maintain our current environment.

Conclusion

We need to save our …

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Difficult Decisions to Overcome a Difficult Time

Difficult Decisions to Overcome a Difficult Time

David Cameron’s call for difficult steps, austerity and spending cuts to tackle huge fiscal deficits is not surprising; a Prime Minister burdened with a deficit of 156 billion pounds cannot possibly act differently. While his speech placing all the blame on the Labor Party’s door may look typical of a politician, what is encouraging is his unreasonable observation of how these steps will cause more pain than anticipated and for a longer period of time than what is offered by anyone. This is reminiscent of Churchill’s promise of blood, sweat and tears for the British people who were surrounded by the Second World War. Politicians have the dexterity of rough steps that make everyone believe that the pain will be for the neighbors and not for him. It must be said to Cameron, that he did not commit such fraud and did not make small talk about the pain that was in store for every Englishman. The 156 billion deficit cannot be eliminated through shadow boxing; it requires several hard blows and blows that will make many people with blackened eyes and nose bleed.

When it comes to fixing things it is a human tendency to start difficult steps with others whether at home or in the country, which requires some coercive and unpopular action. Everyone who thinks right will agree that this is a step in the right direction, the intensity of the exercise might be lighter if the government acts when the pile does not become so large and still within manageable limits. It is futile to talk about the past and we need to make peace with the steps that have become necessary to save the economy and the nation.

A strange touch to the economic impetus is that US President Obama is trying to prevent such difficult austerity measures, and the reason that hard cost-cutting measures at this point will prevent the world economy from recovering from bad times. The US may be our strongest political ally and trading partner, but it is clear that the US has an ax to grind in advocating for a stand against budget cuts. We don’t need to look far to know the logic behind such persuasion from them. Britain is one of the biggest markets for American goods, each saving measure will reduce the purchasing power of the British, which can have a negative impact on their exports to this country. We certainly cannot worry about how tightening our belts will offset their export prospects.

Britain and Germany, the two biggest EU economies, announced huge cuts in spending and harsh austerity measures have sent strong ripples across the globe because they could have far reaching consequences for the world economy in general. Economists will be busy interpreting the impact that might occur in the way they view it and will be discussed at length in various forums. We must not worry about these foreign factors and only need to get down to the task of supporting the government in …

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