Topshop in Mexico

All over the world there are many features that make up a culture. Culture can be defined as the characteristics, attitudes, knowledge and beliefs of a group of people, relating to language, cuisine, religion, interaction, lifestyle, and more which is learned through socialization. These aspects of cultures are what distinguishes it from others. It is interesting to explore and learn about new cultures. I will be focusing on the Mexican culture, their religion, death, family life, weddings and ….

II. Thesis Statement: Mexico is an interesting country, with many different and people and customs, as well as major problems.

Texas in it self is a highly diverse multicultural society. It takes on many aspects of many different cultures. One very noticeable culture that has a great impact on Texas would be that of the Mexican culture. Because Mexican culture is so apparent in Texas, that it is easy to compare and contrast some cultural aspects between Mexican and American cultures. This attempt to compare and contrast these two different yet similar cultures will increase awareness and acceptance of cultural differentiation. In order to examine these two cultures closely, I will use Hofstede's

Alongside job losses and the increase of the dependence of Mexico on the United States, Mexico has deeply been affected on a cultural aspect after the NAFTA was put in place. Indeed, Zuloaga explains in her article that “The internal imbalances caused the Mexican people to question their independence and national identity”. (Zuolaga,2001) By these words, the author once again shows that cultural identity is well affected by economic integration measures, and thus, globalization. Further on, she also mentions the asymmetry of power among NAFTA’s member states, which is undeniably palpable looking at the lack of affirmation Mexico is offered to deliver, here in the cultural

The population of Mexico has been increasing at a rate of 1.5% to 101, 879,171 as of July 2001. Of this number 33% are between the ages of 0-14, 62% are between 15-

It ranks as one of the US 's most important trading partners. Through foreign direct investment from the north, the development of a skilled workforce, and a free market economy, Mexico has developed into an economic power. Despite a shaky history riddled with debt, the country as a whole has recovered. To compare elements of cultures across nations, we try to formulate similarities in beliefs, practices, and situations. Mexico, while distinctly different from the US, holds many cultural similarities that translate well into other countries.

To begin describing how has been the growth and progress of FDI in Mexico it is important to define FDI itself. According to the OECD Economic Outlook of 2003, Foreign Direct Investment is “an activity in which an investor resident in one country obtains a lasting interest in, and a significant influence on the management of, an entity resident in another country. This may involve either creating an entirely new enterprise or, more typically, changing the ownership of existing enterprises (via mergers and acquisitions)” (157).

I am looking at Topshop for this report. Topshop is a very large British fashion store for young women selling fashion clothes, shoes and accessories. There are Topshop stores throughout the UK. The flagship store in London Oxford Street is the biggest fashion store in Europe. Topshop is part of the Arcadia group which owns other fashion stores such as Miss Selfridge and Warehouse. Topshop mainly sells its own brand products but in larger stores it has concessions of other more expensive similar clothes. As well as selling Topshop clothes in Topshop store, they have concessions in large department stores such as Selfridges. They also have a website where you can buy a lot of the Topshop range including shoes and clothes for

Making business abroad can be risky, but it can also be profitable for a company as well; thus the necessity to study in deep the country where the company will bring the business to. International companies are faced with many cultural challenges, when doing business across and inside of different borders. Identifying the significant cultural issues involved when evaluating the attractiveness of a particular location as a place for doing business can be crucial for a business. Aspects to consider when studying culture in a new place

The strong influence of U.S. economy on Mexican one is confirmed analyzing Exhibit 3 with respect to foreign direct investment and exports. United States accounts for more than 45% of total FDI inflows in Mexico and, even if the Country is actually the largest host of FDI in Latin America, it’s undeniable that accordingly with economic downturns in the U.S. the figure of FDI in Mexico declines significantly (Bureau of Western Hemisphere Affairs, December 2010) like happened from 2007 to 2009 (Exhibit 4). The same mechanism act also with exports because U.S. attracts almost 80% of Mexican exports thus during periods of crisis in the U.S. Mexico suffers slowdown in foreign trade (Exhibit 5).

In this assignment, we aim to investigate in which extent an organisation must appreciate cultural differences before entering a market.

Mexico’s pursuit of free trade agreements with other countries is a way to bring benefits to the

Comercial Mexicana S.A. (Comerci), one of Mexico's largest retail chains, was faced with a serious dilemma. Since Wal-Mart's aggressive entry into the Mexican retail market, Comerci has found it increasingly difficult to remain competitive. Wal-Mart's strong operating presence and low prices since NAFTA's lifting of tariffs have put pressure on Comerci, and now management must decide if it can improve Comerci's competitive position by remaining independent or by merging with either a local or foreign retailer. Which raises one question that needs to be answered: What has caused this intense competitive pressure on Comerci, and what is likely to be its future?

Mexico is the top trading nation in Latin America and the ninth-largest economy in the world. No country has signed more free trade agreements – 33 in all, including the two biggest markets in the world, the US and the EU. Altogether these signatory countries make up a preferential market of over more than billion consumers. Much of the FDI in Mexico is attracted by the country’s strategic location within the North American Free Trade Agreement, which has positioned it as a springboard to the US and Canada. Other attractions are competitive production costs and a young, skilled workforce, together with political stability and an open economy.

Mexico City alone has a population of over 9 million people. It is the second-largest and most rapidly growing metropolitan area in the world. Mexico City has been, since 1325, a thriving city with pyramids, houses, and temples. In other words, it has existed in a civilized state long before the United States even came into existence! In 1620, when the pilgrims first landed at Plymouth Rock, Mexico City was a thriving center with over 100 million inhabitants.