Proposed Mexican Business Essay Example for Free

Proposed Mexican Business EssayA business plan is in truth(prenominal) important go past that directs the management of the business or organization towards achieving its goals. Analysis of the trade in which a business is venturing is very essential. This gives a clear picture of the entire market that the business is getting into. This paper will savour at the economic, demographic and socio-economic details of each major state in Mexico.This paper will boost go ahead to explain twain the contrary and the foreign and the house servant banks that atomic number 18 direct in Mexico. This paper also includes detailed ideas ab away(predicate) recruitment of employees in Mexico. Finally it gives extensive information about the American companies that ar operating in Mexico.Mexico is cognise to be a constitutional republic federally found in compass north America. It is bordered on the northern side by United States. The North Pacific Ocean borders this republic on the south and the western sides. Mexico is highly referred to as the United Mexico States. The Caribbean ocean is very visible on the southeast breach of Mexico. It consists of many states which argon thirty one in number. Mexico City is cognize to be one of the most populated cities in the world. (Crandall, 2004)Mexico as earlier on illustrated has got approximately thirty one states. They include Sonora, Baja California, Chihuahua, Coahuila, Nuevo Leon, Tomaulipas, Durango, Baja California tire, Chiapas, Guerrero, Jalisco, Nayarit, SLP, Oaxaca, Campeche and Vera Cruz among others. These Mexican states are also divided into diametrical municipalities. In the year 1900, the creation in Mexico was approximately 13.6 million.The demographics of Mexican states are as follows. Michoacan state is known to have the lowest population growth. Quintana Roo has the highest population growth rate. These two states are the least populated. Baja California has Sur and Baja California has the hi ghest migration rate. Below are the demographics by city and state.Rank Core City State club soda Rank Core City State Pop 1 Mexico City DF 19,231,829 11 Queretaro QT 918,1002 Guadalajara JA 4,095,853 12 Merida YU 897,7403 Monterrey NL 3,664,331 13 Mexicali BC 855,9624 Puebla PB 2,109,049 14 Aguascalientes AC 805,6665 Toluca ME 1,610,786 15 Tampico TM 803,1966 Tijuana BC 1,483,992 16 Culiacan SI 793,7307 Leon GT 1,425,210 17 Cuernavaca MO 787,5568 Juarez CH 1,313,338 18 Acapulco GR 786,8309 Torreon CO 1,110,890 19 Chihuahua CH 784,88210 San Luis Potosi SL 957,753 20 Morelia MI 735,624The rescue in this nation is firmly established. It is known to be the worlds 12th largest in line with its economy. This is according to GDP and PPP. This nation has an economy that is highly diversified. The infrastructure is sooner developed in toll of telecommunications, airports, distribution of gas, railroads and seaports among other sectors. (Denizer, 1997)The socio-economics data reveals that the population in this nation that is in extreme poverty has tremendously decreased from twenty four charge one percent to approximately sixteen point nine percent. This is according to the World Bank. It is however very evident that on that point are huge disparities in the incomes of the poor and the wealthy in the nation.thither are also remarkable differences between the south and the northern areas of Mexico. These differences still exist amongst the urban and the rural areas. The contrasts are quite sharp in relation to human development and income levels. These issues still remain to be quite problematic in Mexico.Poverty has been reduced in Mexico by means of the increase in the middle family purchasing power. The inflation in Mexico is as low as 3.3%. This has leaveed in middle class raft in this nation having a credit consumption that is quite high. There is great stability in the nation in terms of monetary terms.Through remittances from citizens in Mexico, poverty has been greatly alleviated. The infrastructure in Mexico is quite developed and this makes it very easy to carry out business in this republic. This is in terms of the road network. Chiapas State in Mexico is very developed in terms of the infrastructure.There are both foreign and domestic banks in Mexico. Research shows that Mexico allowed foreign banks to open up branches in that respectin. This was made easy through and through foreign acquisitions of the various domestic banks in Mexico. It is very clear that foreign banks in Mexico are much profitable when compared to the domestic banks in Mexico.This shows that foreign banks have had positive impacts on the entire banking sector. Citibank is one of the foreign banks that started operating in Mexico in the year 1994. This bank is U.S based. This was through the North American Free spate Agreement (NAFTA). (Houghton, 1999)Other foreign banks that are operati ng in Mexico include Scotiabank, HSBC, Banco Santander and BBVA. Banco Santander is based in Spain, Scotiabank is in Canada, and HSBC is in U.K while BBVA is in Spain. Among the domestic banks include Banco de Azteca. The other prominent domestic bank that is operating in Mexico is called Barnote. It is highly known even among the locals for its excellent services.Recruitment is a very essential part of organizational management. This is due to the fact that this process enables an organization to get qualified professionals that are quite equal in carrying out the tasks assigned to them. Critical psychoanalysis of the entire business sector shows the way it carries out this important task.Looking at most of the organizations in Mexico, they carry out recruitment process through advertising of the vacant marks. Many organizations advertise in their Company websites, they also place advertisements in newspapers and sometimes over the radio. The management clearly indicates the de sired qualifications of potential employees. Interested candidates thusly send their particulars (these are the masking letter and C.V) to the organization either by post or by electronic media. The application garner and C.Vs are then analyzed and the qualified candidates are then short listed.These are then communicated to such(prenominal) that they attend an oral or written interview depending on the organization. most organizations use both methods. Some organizations carry out one and others two interviews with the potential candidates. Those who pass the interviews are either communicated to trough post or through telephone.The qualified candidates are then in corporald into the organization where they go through genteelness or induction in relation to their work or job profile. All these ordinarily result in organizations having qualified employees. This process is carried out by the management team in organizations in Mexico without favoritism.There are different Americ an Companies that are operating in Mexico. Most of these Companies are very successful. Amongst the American Companies that are successfully operating in Mexico include Diners Club, Master Card and American Express Bank. These Companies are comfortably known in the Mexican Republic and their profit margins are very high. Research shows that there are very many factors that have made American Companies operating in Mexico to be successful. (Houghton, 1999) hotshot of the major factors that have made these Companies to be successful is the NAFTA initiative. Through this it has become very easy for the American based Companies to start up branches in Mexico. The management in these Companies is very sound. This is bearing in brainpower that these organizations have been in existence for some time.There are various strategies that the American companies that are based in Mexico use. These strategies include marketing both through online and offline means. The online means that are hig hly used by these successful Companies include the use of internet advertising.Before these organizations or Companies start up their branches in Mexico, they normally carry out adequate research. This is in relation to the competitor companies in the market and their prices. Through this they then strategize by carrying out product differentiation and this enables them to have a place in the market.Among the strategies that that American Companies that are based in Mexico employ include PESTLE analysis and SWOT analysis. In the PESTLE analysis they consider the political, Economic, Social, Technical and legal factors that would affect the business. With this information at hand, the Companies succeed very easily.Another strategy that is incorporated is ensuring that most of the employees in the Companies are citizens of Mexico. Through this, they find favor with the people and therefore market penetration becomes easy since the people identify with the organizations. The Companies are known to get involved in corporate social responsibilities in Mexico. (Robert, 2006)This gives the Company better standing in the Mexican Republic and therefore enhances their boilersuit success. Most of the American based Companies that are operating in Mexico normally use their manufactured products to stress the market before they open up branches in Mexico. This becomes very easy for the Companies to gain more customers in the long run. (Krauze, 1998)In conclusion, a business plan clearly gives a business the required guidelines. Mexico is a republic that is found in North America. There are approximately thirty one states in Mexico. The demographics of this nation reveal that the urban states are highly populated compared to the rural towns. The economy of Mexico is very immutable and well established. In fact it is known to be the 12th wealthy nation worldwide. The socio-economics of this nation shows that there are high disparities between the rich and the poor.The inf rastructure on the other hand is very well developed. This is in terms of telecommunications, road network and information technology network. There are both domestic and foreign banks in Mexico. The foreign banks include Scotia bank, HSBC, Banco Santander and BBVA.Domestic banks include Banco de Azteca and Barnote. Successful American Companies operating in Mexico include American Express, Diners Club and Master Card. They ensure that they carry out extensive marketing analysis before opening branches in Mexico. This enables them to succeed.ReferenceCrandall, R. (2004) Mexicos Domestic Economy Policy Options and Choices Mexicos Democracy at field refreshed York Lynne Reinner PublishersDenizer, C. (1997) The Effects of Financial Liberalization and New Bank Entry on Market construction and Competition in Turkey New York Melbourne PressHoughton, M. (1999) Mexico in Perspective 3rd edition New York McGraw HillKrauze, E. (1998) Mexico Biography of Power Modern Mexico 1996- 2007 New Y ork Melbourne PressRobert, C. (2006) Foreign Bank Entry receive Implications for Developing Economies New York Free Press