Latin America

Latin American and European business cultures exhibit stark differences in decision-making structures. Latin America’s centralized decision-making stems from its historical hierarchical systems and collectivist culture, while Europe’s decentralized approach reflects its industrialization and emphasis on individualism. In Latin America, centralized and hierarchical organizational structures prevail, while Europe favors decentralized models. Legal and economic factors also contribute to these disparities. To succeed in Latin America, building personal connections and understanding local nuances are crucial. Latin America offers diverse business opportunities across sectors like mining, technology, agribusiness, renewable energy, infrastructure, and healthcare, requiring an understanding of cultural nuances and business etiquette.