In: Economics
identify challenges between negotiation taking place locally and internationally?
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.