Factors influencing cross-cultural negotiations Many factors influence cross-cultural negations and should be considered before entering into negotiations with another culture. Negotiators who understand certain aspects of cross-culture negotiations have the advantage over the negotiator who is not well prepared to negotiate with their foreign counterpart. According to Salacuse‚ 1991‚ negotiators should consider the following seven factors when conducting business internationally: the negotiating
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The prevailing tendency of organizations is to concentrate on core activities and opt to outsource those activities which are considered to be noncore. 1) Discuss the concept of outsourcing‚ reason behind outsourcing and its challenges. Outsourcing is the act of one company contracting with another company to provide services that might otherwise be performed by in house employees. Often‚ the tasks that are outsourced could be performed by the company itself‚ but in many cases there are
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Negotiation simulation: The Pakistani Prunes The case is about a negotiation with a competitor to buy Pakistani prunes in order to use them to save lives. In fact‚ being a world leader of genetic engineering processes‚ I need Pakistani prunes to work on people. However‚ my direct competitor needs Pakistani prunes too and we have to find a deal before the day after. The outcome has been buying fifty-fifty in the short term. In fact‚ we agreed to share the limited resources on the short term
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head: Communication and Personality in Negotiation Paper Communication and Personality in Negotiation Paper University of Phoenix MGT 445 Communication and Personality in Negotiation Paper Introduction The act of negotiating happens on a daily basis sometimes without people even noticing. When thinking about negotiations‚ car purchases‚ salary increases‚ and buying new homes are obvious examples of negotiating. Nonetheless‚ negotiations are simple as deciding where to eat
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There was a situation between two students in which they had a disagreement on which approach to take on a team project. There were names called and a lot of agree between the two. I went with the negotiation method. I wanted to hear both sides’ arguments and see what we can do to pull this project all together. I want to make sure I was being fair in resolving this conflict and to make sure both sides input was a part of this project. Working with a team is not always easy for students‚ but
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was a multiparty negotiation‚ which involved 6 players all with very different negotiation styles. It was an exercise in which teams easily form a coalition. There were concessions about the value added each team would bring to the “table”‚ and my team in a situation of power saw how negatively the other teams reacted in name of fairness and how important was to share the pie. During this exercise there was a 3-stage process: individual assessment‚ team’s assessment and negotiation. 1) During
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~ Chapter 3 – Integrative Negotiation‚ Strategy & Tactics Integrative Negotiation – Focuses on commonalities rather than differences. - Attempts to address needs and interests‚ not positions - Commitment to meeting the needs of all involved parties. - Invent options for mutual gain. ~ Integrative Negotiation Process‚ negotiators should manage Context and Process in order to gain the cooperation and commitment of all parties. ~ Contextual Factors 1. Free flow of information 2. Attempting to
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In the "Moms.com" negotiation‚ I played the role of a representative of an international multimedia corporation looking to perform a syndication sale of one of our top rated shows. The corporation had determined that one station in particular provided the best potential for the largest profit. It was my task to "get the best deal possible" with this station. I prepared for the negotiation by creating a spreadsheet‚ which allowed me to go over multiple package combinations until I found what I thought
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Introduction In any negotiation process‚ there are always constraints involved and decision making process involves an analysis of the gains and tradeoffs one has to go through to reach the best optimal solution Decision making process is not just a psychological process as perceived by many but more of a game theory because both the bidder and the negotiator are faced by various constraints‚ which both have to develop a model with both constraints and targets and later iterate to obtain an optimum
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Table of Contents INTRODUCTION 3 ACCESSING CULTURAL DIFFERENCES IN THE NEGOTIATION TEAMS 3 Hofstedes Cultural Dimensions 3 The Hall Model 3 The Kluckholn and Strodtbeck Model 4 ANALYSIS OF THE NEGOTIATION ACTIVITY 5 1. Background Factors 5 2. Atmosphere 5 Conflict/co-operation 5 Power/Dependence 6 Expectations 6 3. Process 6 Pre - Negotiation 6 Negotiation 7 Post negotiation 7 4. Cultural Factors 7 Time 7 Individualism vs. Collectivism 7 Pattern of communication 7 Emphasis on personal relations 8
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