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italy business practices summary

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italy business practices summary
History timeline
Greeks, Etruscans, and others settled in Italy
The monarchy is overthrown and Rome became a Republic. Julius Caesar ruled as the dictator for 46-44 BC

Rome, Florence and Venice prospered during the Renaissance, a period of renewed interest in culture.

ITALY

800-600 BC

Rome is founded. This marks the beginning of the Roman Kingdom.

753 BC

509 BC
Augustus Caesar became the first emperor of the Roman Empire

27 BC
1200-1600
1861

Italy became a unified nation under King Victor Emmanuel II.

1915
Italy entered World War I on the side of the Allies
1940-1943

Italians vote to end the monarchy and made their nation a democratic republic Italy sided with Germany on World
War II. Dictator Benito Mussolini was forced to resign.

1946
1984

Catholicism is no longer Italy’s formal state religion

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background of Italy

Type of Government

• Italian Republic is a multiparty parliamentary republic.!
• There are two legislative bodies making it bicameral: The Senate and The
Chamber of Deputies!
• Bicameral - legislative is separated into two chambers/houses.!
The
president is the chief of state while

the prime minister is the head of the government.! • The prime minister is appointed by the president.!
• The president serves a term of 7 years while the prime minister serves a term of 5 years.!
Currency - Euro!
Language - Italian!

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Notable Companies

• Lamborghini!
• Ferrari!
• Fila!
• Bvlgari!
• D&G!
• Gucci!

!

Cultural orientation

Organising and Processing Data

• Information is readily accepted and great discussions occur, but little movement is seen in the opinion of the participants.!
• Information tends to be processed subjectively and associatively.!
• Italians will look at particulars of each situation rather than appeal to a law or rule to solve a problem.!

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Basis for Behaviour

• Subjective

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