Doing business in Ecuador and Finland: A cross-cultural comparison by economist Lassi Pensikkala

Business • Travel • Golf 🗞️ Lassi Pensikkala's article highlights the cultural differences in business practices between Ecuador and Finland. He notes that communication styles vary, with Ecuadorians being more expressive and hierarchical decision-making processes contrasted with Finland's directness and efficiency. Negotiation styles differ significantly; Ecuadorians favor relationship-building while Finns are more transactional. Work ethics also diverge, with Ecuadorians working long hours compared to the balanced Finns. Business etiquette requires adapting to local customs, emphasizing respect in Ecuador and casual formality in Finland. Understanding these differences can enhance business success in both countries. Read now!


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