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A QUICK CLIP ON SWEDISH BUSINESS CULTURE

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A QUICK CLIP ON SWEDISH BUSINESS CULTURE

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Aaltonen Institute for Information Systems Research at University of Koblenz-Landau

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Dorella De Tommaso Technology Development and Innovation

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Swedish Core Values & Secret Social Rules

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Susan P. Williams Valahia University of Targoviste

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Did you know? - Sweden - Swedish Business Culture video

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http://businessculture.org/northern-europe/sweden/ Did you know about Business culture in Sweden? Learn some of the interesting facts about: population, geography, time zone, language matters, internship, work experience, social media guide, perceived public sector corruption, internet penetration, country domain name extension, and where you can get more information from -- namely Passport to Trade 2.0 project website http://businessculture.org This project aims to help students looking for placements abroad as well as businesses thinking about new trade links.

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Currency: Swedish krona

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Population: 9.56 million (2013)

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GDP per Capita: $78278.88 CAD (2014)

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Import Products: Machinery, petroleum, chemicals, motor vehicles, iron and steel, foodstuffs, clothing

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Comprehensive Economic and Trade Agreement (effective in 2016 if approved)

Considered to be more ambitious and larger in scope than NAFTA, this agreement would eliminate about 98% of the tariffs between the EU (including Sweden) and Canada.

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The official language of Sweden is Swedish. However, learning the english language is compulsory for schoolchildren up until grade 9. Swedes as a nation’s population have won the title of best English speakers outside of English speaking countries. Having said this, it is no surprise that, according a study conducted by the Eurobarometer in 2012, 86% of Swedes speak English.  In terms of religion, Sweden is mainly secular; only 29% of the Swedish population claims to be religious, though 64% of the Swedish population are members of the Church of Sweden.

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Sweden has a long history of corporate social responsibility. According to the RobecoSAM Country Sustainability Ranking, Sweden is the most corporate socially responsible and has held the title since 2013. When doing business with a country like Sweden, issues such as sexism, human rights, climate change, and anti-corruption must be taken into consideration. [refer to https://sweden.se/business/csr-in-sweden/] Another thing to keep in mind is punctuality; it is very important to be on time for business meetings because doing otherwise is seen as inadequate etiquette.

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Effective communication is essential to maintain a healthy business relationship. Being introduced by a third party is ideal when doing business with the Swedes. Rather than referring to business partners by their last names as Canadians do, Swedes have a tendency to call people by their first names. They are considered friendly, but tend to keep their work and personal lives separate. Swedes rely on their words, rather than body language, but typically speak only if they have something to add to the discussion.