Socio - Cultural Development. Plan for an International Company

1.

Socio-Cultural Development
Plan for an International
Company
This presentation outlines a comprehensive socio-cultural development plan
for an international company establishing a presence in Riga, Latvia. The
plan aims to foster a harmonious and productive work environment that
respects individual and cultural differences, while promoting collaboration
and innovation.

2.

Company Location and Expansion
The company will be headquartered in Riga, Latvia, a small,
Initial operations will focus on headquarters activities, with
politically stable country with favorable business conditions.
potential satellite offices in neighboring countries like Finland,
This location offers a strategic advantage for accessing a
Germany, or Austria. This phased approach allows for
skilled workforce and a thriving entrepreneurial ecosystem.
measured expansion and adaptation to local market
conditions.

3.

Human Resources and Work Environment
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The company will start with a team of 50 employees, with
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plans for expansion based on business growth.
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The team will consist of approximately 70% local talent
A 50/50 gender balance is the goal, promoting a diverse
and inclusive workforce.
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Competitive salaries, including health insurance,
and 30% foreign nationals, fostering cultural exchange
retirement contributions, and performance-based
and global perspectives.
bonuses, will be offered to attract and retain top talent.
Flexible working hours will accommodate diverse time
zones, ensuring core overlap during standard business
hours (9 AM–5 PM local time).
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Employees will enjoy a minimum of 20 days of vacation
per year plus public holidays, adhering to local labor laws.

4.

Company Management and
Corporate Culture
The company will adopt a flat
A minimal power distance approach
organizational structure with open
will be implemented, fostering a
communication channels and
culture of respect and inclusivity,
regular feedback mechanisms,
where everyone's voice is valued.
encouraging collaboration and ideasharing across all levels.

5.

Work Style and Collaboration
The company will promote a work style that balances individual
Cross-functional teams will be encouraged, bringing together
creativity and collective problem-solving.
individuals with diverse skills and perspectives to tackle
complex challenges.

6.

Time Management
Approach
The company will adopt a flexible time management approach that
blends monochromic (task-focused) and polychronic (multitaskingfriendly) methods, depending on project requirements.
This approach will allow for both focused individual work and
collaborative efforts, maximizing productivity across different work
styles and cultural contexts.

7.

Company Values and Beliefs
1
The company's core values are transparency, inclusivity,
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These values will guide decision-making, foster ethical
innovation, and sustainability.
business practices, and ensure a positive and fulfilling work
environment for all employees.

8.

Dress Code and Work
Environment
The dress code will be business casual, allowing for comfort
during remote work while maintaining a professional
appearance.
A focus on comfort and flexibility will be emphasized,
recognizing the diverse needs and preferences of employees.

9.

Leisure and Well-being
The company will encourage a healthy work-life balance by organizing team-
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building activities and promoting mental well-being initiatives.
These initiatives will foster team cohesion, strengthen
relationships, and enhance overall employee well-being.

10.

Cross-Cultural Awareness
and Harmony
Regular training sessions on intercultural competence and sensitivity
will be conducted to prevent misunderstandings and promote harmony
among multicultural staff.
This training will address common cross-cultural issues and taboos,
fostering understanding and appreciation for diverse perspectives.

11.

The expected result:
By focusing on these key areas, we aim to create a culturally inclusive,
socially responsible, and economically sustainable organization that thrives
in a globalized marketplace.