Thursday, October 22, 2009

CULTURAL DIFFERENCES (1)

This chart shows the regulatory audits I have experienced while managing companies in the USA and in Mexico over a ten year period. The USA and Mexican audits were in manufacturing companies of similar size. In addition, both firms were managed in compliance with no significant violations or penalties incurred.

The obvious challenge is to carefully manage the regulatory and compliance elements of your business in Mexico.

My next posting will address other cultural differences.

Richard Roche

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