What are 5 stages of negotiation, and how would you prepare for them?, assignment help

REQUIREMENTS:

Due Date: Tuesday, November 29, 2016 at 3:00 pm Pacific

Deliverable Length: 500 words excluding Main Assignment Description Questions stated below, and two verifiable references. Be substantive and clear, and use examples to reinforce your ideas. The answers for the ASSIGNMENT DESCRIPTION QUESTIONS stated below must be answered per each question asked.

MAIN ASSIGNMENT DESCRIPTION:

You are about to embark on an international negotiation. You work for a multinational oil company, and your company has decided to set up a joint venture with Saudi Arabia and another one with a company in Russia. You are leading the negotiations.

  • What are the 5 stages of negotiation, and how might you prepare for them? To answer this question, consider the following:
    • Is the preparation different with each country?
    • Would inductive or deductive reasoning work better for different cultures?
  • What cultural differences do you need to be sensitive to in the process?
    • For example, what would you expect from the Arab negotiator versus the Russian negotiator who will be working with you, the American negotiator?
  • What would be some of the political, legal, economic, and ideological issues that may come up?
  • How would you manage conflict if it should come up in the negotiations?