Vol. 2010 No. 1 (2010)

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Comparative Business Practices in São Tomé and Príncipe: An African Perspective

Maria Alves Costa, São Tomé and Príncipe Institute for Peace and Conflict Studies Daniel Fonseca Santos, Department of Advanced Studies, São Tomé and Príncipe National University Pedro Dias Vieira, São Tomé and Príncipe National University
DOI: 10.5281/zenodo.18915759
Published: May 27, 2010

Abstract

São Tomé and Príncipe is a small island nation in West Africa with unique cultural and economic characteristics that have shaped its business practices over time. The study employs a mixed-methods approach combining qualitative interviews with quantitative surveys to gather data from both local entrepreneurs and foreign investors active in the region. Local businesses demonstrate strong community ties, often prioritising informal transactions over formal contracts, while international enterprises tend to favour standardised business practices across different sectors. The findings suggest that understanding cultural nuances is crucial for effective cross-cultural business operations in São Tomé and Príncipe. Businesses operating in São Tomé and Príncipe should consider the importance of building trust through informal relationships to enhance market penetration. São Tomé and Príncipe, Business Practices, Cross-Cultural Studies

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How to Cite

Maria Alves Costa, Daniel Fonseca Santos, Pedro Dias Vieira (2010). Comparative Business Practices in São Tomé and Príncipe: An African Perspective. African Behavioral Economics (Economics/Psychology crossover), Vol. 2010 No. 1 (2010). https://doi.org/10.5281/zenodo.18915759

Keywords

African GeographySmall Island EconomiesComparative Business StudiesCultural EconomicsMethodological ApproachesEmpirical ResearchPostcolonial Theory

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Vol. 2010 No. 1 (2010)
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African Behavioral Economics (Economics/Psychology crossover)

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