Description
- Describe the five stages of the negotiation process. Explain how the negotiation can be unsuccessful if you leave out one of the steps.
Your response must be at least 500 words in length. - You are a businessperson noted for your ability to complete negotiations in the U.S. within 24 hours. You have been sent to Mexico to negotiate a lucrative joint venture. Discuss the decisions you will have to make and the strategies you will have to use in order to ensure a positive outcome.
Your response must be at least 500 words in length. - In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated with risk tolerance and one of the variables associated with internal/external focus of control. Why are these important factors to consider?
Your response must be at least 500 words in length. - List four nonverbal characteristics of culture that you must understand when engaging in negotiations overseas. Explain how an understanding of each characteristic will help you negotiate successfully.
Your response must be at least 500 words in length.
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Attached.
Intercultural Negotiating
I.
Describe the five stages of the negotiation process. Explain how the negotiation can be
unsuccessful if you leave out one of the steps.
II.
You are a businessperson noted for your ability to complete negotiations in the U.S.
within 24 hours. You have been sent to Mexico to negotiate a lucrative joint venture.
Discuss the decisions you will have to make and the strategies you will have to use in
order to ensure a positive outcome.
III.
In the decision-making process, you must take into account several cultural variables.
Describe one of the variables associated with risk tolerance and one of the variables
associated with internal/external focus of control. Why are these important factors to
consider?
IV.
List four nonverbal characteristics of culture that you must understand when engaging in
negotiations overseas. Explain how an understanding of each characteristic will help you
negotiate successfully.
Running head: INTERCULTURAL NEGOTIATING
Intercultural Negotiating
Student’s Name
Institutional Affiliation
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INTERCULTURAL NEGOTIATING
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Q1. Describe the five stages of the negotiation process. Explain how the negotiation can be
unsuccessful if you leave out one of the steps.
Intercultural negotiations are discussions held between individuals or groups drawn from a
different cultural background with an aim of reaching out to an agreement (Brett, 2017). The five
stages of negotiation process include
1. Preparation: This stage involves the negotiating party’s process of identifying the
potential value and essential information necessary for effective deliberations process.
Besides, the party’s’ involved establishes the binding interests, which assists in
developing the facts about the dialogue. Notably, information is highly essential in a
consultation process because it influences the validity of a claim with a sole purpose of
reaching out to an agreement. In intercultural negotiations, the preparation process is
pivotal because it assists in laying down facts that would enable in breaking the cultural
differences barriers that would hinder attaining amicable agreements between different
cultural groups in a dialogue process.
2. Information exchange and validation: This is the second phase in a negotiation process
that heightens the capacity of the involved parties to explore and create the value of the
information generated in the preceding stage of talk’s preparations. Besides, this stage
assists the negotiating parties to evaluate the interests that build the need for the
consultation process. In the end, the involved parties are able to build trust and rapport
essential in carrying out consultations; thus, reaching out to an agreement despite the
differences created by the intercultural dissimilarities.
3. Bargain: The bargaining stage entails the negotiating parties engaging in the giving and
taking process aimed at attaining a dialogue concession through creating and distributing
INTERCULTURAL NEGOTIATING
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value among negotiating parties. In this phase, the parties address the raised interests,
offering a satisfactory delight that enhances building a lasting association between the
partners on the negotiation table. Besides, the bargaining stage enhances the process of
making and administering the raised concessions between the agreeing parties, which
results in an amicable outcome.
4. Conclude: In the conclusion stage, both parties involved in a negotiation process engage
in evaluating whether all ...
