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Table of Contents Background2 Land People and Dominant Economic Activity2 Involvement and Activity with World Economic Organizations3 Effects of Globalization on the Country4 Industrys Legal Economic Labour Market Operations4 Culture and Communication6 Culture Orientation6 Cultural Dimensions6 Trompenaars Seven Dimensions of Culture6 Prevailing Organizational Culture in Domestic Firms7 Communication Practices8 Cross Cultural Management9 Cultural Characteristics and Innovation9 Appropriate Leadership Styles11 Appropriate Motivation Techniques12 Cultural Characteristics and Ethics13 Key Challenges for Retention and Dissemination of Knowledge14 High Uncertainty Avoidance15 High Power Distance15 Low Individualism16 High Masculinity16 Competitive Forces17 The Bargaining Power of Suppliers17 The Threat of New Entrants18 The Intensity of Competitive Rivalry18 The Government19 Conclusion19 Endnotes22 Works Cited22 Background Land People and Dominant Economic Activity Ecuador is one of the smallest countries of South America It lies on the West Coast of the continent between Colombia and Peru The equator crosses Ecuador and gives the country its name Ecuador is the Spanish word for equator The mainland of Ecuador has three regions 1 the Coastal Lowland 2 the Andes Highland and 3 the Eastern Lowland The Galapagos Islands also belong to Ecuador About half the people live in the valleys and on the plateaus of the Andes Quito the capital of Ecuador lies on an Andean plateau and was the first town found by the Spaniards in South America in 1534 Spanish is the official language and more than 90 of the population belongs to the Roman Catholic Church The Ecuadorian government requires all children from 6 to 14 years old to go to school Ecuadors economy is mainly based on mining agriculture and fishing About a third of the labour force is involved in agriculture Grain and livestock are the principal activities The development and exporting of oil have played a dominant role in the countrys economy since the early 1970s The discovery of petroleum made a massive increase in the countrys national income which has accounted
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