What is Spain's power distance in global business transactions?

Spain has a moderate power distance in global business transactions, reflecting a hierarchical structure where authority is respected but not excessively rigid. In Spanish business culture, relationships and personal connections are important, allowing for a more egalitarian interaction compared to countries with high power distance. Decision-making often involves consultation and collaboration, but final authority typically rests with senior management. This balance fosters a respectful yet approachable business environment.