Question

In: Economics

identify challenges between negotiation taking place locally and internationally?

identify challenges between negotiation taking place locally and internationally?

Solutions

Expert Solution

Negotiation is ubiquitous activity useful to resolve various set of conflits both local and international.
One of the biggest challenge associated with the negotiation is use of different languages between local and international party.
Another challenge might be lack of understanding between both the parties to understand terms associated with the business.
When the individual person is not ready to understand another party is considered as a challenge.
Sarcasm, criticism, derogatory are few remarks of cultural differences which can be a biggest challenge linked with negotiation taking place between local and international party.
Questionable payment issues and bribery might be challenging issue among the parties at the time of negotiation.
Language barrier, values, non verbal behaviour and process of decision making are the key factors which might influence negotiation between local and international party.


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