Introduction
In order to establish a settlement and an agreement, it is crucial to make a distinction between comparing local and international talks. As you correctly pointed out, culture is extremely important in this situation. Intercultural communication is a crucial component of practically any company’s management and marketing strategy in the age of the global economy. As a result, although the fundamentals of negotiation may be identical, international talks may be driven by different factors.
Discussion
Negotiations may result in further issues between the parties if this knowledge is lacking, and to succeed in negotiations, it is vital to comprehend this. To comprehend the complexity of international negotiation processes and their outcomes, it is essential to comprehend the influence of elements in various circumstances. As you have rightly mentioned, alternative hierarchies may exist in other nations to protect the company’s health (Hampden-Turner & Trompenaars, 2020). Different nations emphasize forming alliances and working together to achieve a shared objective while acting on an international scale (De Vries et al., 2021). The elements may affect how negotiators see one other, which may affect how well the negotiation goes overall.
Conclusion
It is crucial that negotiators comprehend and take into account the ramifications of these issues since they have the potential to restrict the operations of international organizations. Essentially, businesses operating in several nations do so under various legal and political frameworks. Political factors, such as the effect of the discussions on the public treasury and the economy, may also have a stronger influence on the negotiations than what would be considered appropriate for the business in other scenarios (Barry et al., 2019). This has a higher potential to influence talks than what corporations in developed nations would view as justifiable commercial considerations.
References
Barry, B., Lewicki, R.J, & Saunders, D.M. (2019). Negotiation (8th ed.). McGraw-Hill.
De Vries, C. E., Hobolt, S. B., & Walter, S. (2021). Politicizing international cooperation: The mass public, political entrepreneurs, and political opportunity structures. International Organization, 75(2), 306-332. Web.
Hampden-Turner, C. & Trompenaars, F. (2020). Riding the waves of culture: Understanding diversity in global business. Hachette UK.