Investment and business culture in spain

I Made Danan Jaya (1801406622)

Spain, which covers 195.000 square miles, is located on the Iberian Peninsula at the southwest corner of Europe. Its southernmost tip is directly across from Marocco. The country has a population of approximately 40.5 million and a gross domestic product of about $1.1 trillion ($27.400 per capita). Spain has an international business platform and the economy ranked 9^th largest in the world and top five countries with huge economies in the European Union. Spain economic freedom score is 67.6, making its economy the 49^th freest in 2015 index. Spain has a strategic location, they belongs to European Union and on the gateway to North Africa and Latin America. And the export and import activity have grown quickly.

            Spain has an majority investment. The first one in aerospace sector, spain aerospace industry is the 5^th in Europe in terms of turnover and unemployeement and 80% of the 60 million tourist that visited spain in 2013 did so by plane. This is very interested the investor to invest their capital in aerospace sector. The second is automotive sector, spain is the second car manufacturer in Europe and eleventh worldwide. The third is biotechnological, pharmacy, and life sciences. Spain is tenth world scientific power and fifth by scientific production in EU 15 and biotech companies are growing faster in spain than other countries. The fourth is ICT (informational and Communication Technology) sector, sapin have modern and telecommunication infrastructures, couples with an extensive network of scientific and technology parks and higher education canter and spain has storng government support in this sector, through specific sector plans to all activities aimed at fastering the development of the information society. And the last, fifth is tourism sector, spain has a rich history and cultural heritage and spain is the number two tourist destination in revenue and number three in number of visitors.

As we know that, the Spanish culture in one that places a great deal of emphasis on pride. When people work together, they try to avoid situations that will taint the relationship through criticism or cause either party embarrassment. Spanish business culture will affect the decision-making in negotiations with investor by controlling a business that can generate prosperity and benefit. Than, the Spanish are not known to be risk takers, and approach ventures with caution because they don’t want either party loss. So the time to take a decision will be long. Because to achieve mutual benefits needed both for collective bargaining. Thus, the resulting decision will be much better.