Trust and Cross-Cultural Dissimilarities in Corporate Environment

Abstract

Latin American corporate executives are faced with a serious problem the low trust and peer confidence. The factors of criticism at workplace, increased corporate controls, and growing expectations for improved performance and accountability have accompanied this decline in trust. Traditional approaches to corporate governance epitomized by organizational behavior theories have focused on short-term profits and organizational systems which fail to achieve desired results. This paper presents the analysis of behavioral dimensions of cross-cultural team performance in corporate environment in Mexico. This study is based on literature review of previous research contributions focused on the managers of multinational companies operating in Latin American countries in a cross-cultural environment. The success of the corporate ventures in Mexico has been evaluated from the perspectives of economic and relational attributes. The discussion in the study revealed that the degree of fit between a corporate parent and venture affects the success of the venture. In the study variables of economic and relational dimensions of external and internal fit have shown greater association with venture success.