Cultural values and their impact on business practices from "summary" of A Primer for Spanish Language, Culture and Economics by Lucila Ortiz
Cultural values play a significant role in shaping business practices in a society. These values are deeply rooted in the beliefs, traditions, and norms of a culture, influencing how individuals and organizations conduct business. In the context of Spanish culture, there are several key cultural values that impact business practices. One such value is "familismo," which emphasizes the importance of family and close relationships. In Spanish culture, family ties are strong, and decisions in both personal and professional life are often influenced by family considerations. This value can manifest in business practices through the prioritization of relationships and trust-building in business dealings. Another important cultural value in Spanish culture is "personalismo," which emphasizes the importance of personal connections and human relationships. In business, personalismo can be seen in the...
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