Mining in Ecuador

Essay by congeeUniversity, Bachelor'sA, May 2006

download word file, 21 pages 0.0

Table of Contents

Background 2

Land, People and Dominant Economic Activity 2

Involvement and Activity with World Economic Organizations 3

Effects of Globalization on the Country 4

Industry's Legal, Economic, Labour Market Operations 4

Culture and Communication 6

Culture Orientation 6

Cultural Dimensions 6

Trompenaars' Seven Dimensions of Culture 6

Prevailing Organizational Culture in Domestic Firms 7

Communication Practices 8

Cross Cultural Management 9

Cultural Characteristics and Innovation 9

Appropriate Leadership Styles 11

Appropriate Motivation Techniques 12

Cultural Characteristics and Ethics 13

Key Challenges for Retention and Dissemination of Knowledge 14

High Uncertainty Avoidance 15

High Power Distance 15

Low Individualism 16

High Masculinity 16

Competitive Forces 17

The Bargaining Power of Suppliers 17

The Threat of New Entrants 18

The Intensity of Competitive Rivalry 18

The Government 19

Conclusion 19

Endnotes 22

Works Cited 22


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.

Ecuador's economy is mainly based on mining, agriculture, and fishing. About a third of the labour force...