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Latin American business culture values hierarchy and status. Companies are often run like families, with paternalistic leadership and an emphasis on loyalty between subordinates and senior executives. Relationships and social connections are highly important in career advancement. There is a strong collective spirit and sense of loyalty to primary social groups. Teamwork is also valued but can be challenging to implement due to cultural preferences for centralization and power distance between management an

Author

mannanabdulahmed

Language

EN