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Country Analysis

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Country Analysis
Venezuela

Culture Venezuela's Uncertainty Avoidance (UAI) of 76 is slightly below other Latin Countries average of 80, indicating the society’s low level of tolerance for uncertainty (Geert Hostede). In an effort to minimize or reduce this level of uncertainty, strict rules, laws, policies, and regulations are adopted and implemented. The ultimate goal of this population is to control everything in order to eliminate or avoid the unexpected (Geert Hostede). As a result of this high UAI, the society does not readily accept change and is very risk adverse. Next, Venezuela has the highest Masculinity (MAS) ranking among the Latin Countries at 73 compared to 48. The high masculinity means the male dominates a significant portion of the society and power structure. Venezuela has a very low Individualism (IDV) ranking at 12, compared to other Latin countries averaged at 21 (Geert Hostede). The country is more collectivist which is manifested by long-term relationships, loyalty is very crucial in a collectivist society. Below are Hofstede’s charts so you can see the comparisons between Venezuela and other Latin American Countries.
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The Political Environment Venezuela’s structure of government is similar to the United States. Venezuela is a federal republic, with a president as the head of both the state and the government. This form of government has been in place since 1999 and Hugo Chavez has been the president since then. Under this new constitution, there are three traditional branches: executive, legislative and judicial. The legislative branch is unicameral and is called the National Assembly. The president heads the executive branch; the vice president and a council of ministers aid the president (U.S. Department). The country is divided into states, the capital district, federal dependencies, and federal...

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