Never presume that the procedures and laws in another country are the same as your own is one of the basic rules of international negotiations. Particularly, national regulations governing corporate joint ventures might differ significantly. Who are the primary decision-makers are some of the major considerations to keep in mind. What are their tasks and roles? Where do decisions come from? Who else could interfere with or influence the decision, such as other ministries, officials, or rival businesses? As decision-making processes, customs, outlooks, and the application of the law differ between cultures, it is wise to consider these factors before beginning a negotiation.
Explore All Avenues in Business
- Thread starter Shavkat
- Start date
That's right I totally agree with you, before deciding to negotiate with another company from a different country, it's very important to learn what we can and can't do. In order not to violate the legal regulations in force in the country concerned.
- Thread starter
- #5
Indeed. There is no shortcomings if we know how take the risks and explore things up in the name of business. Some business owners are still conventional and they need to come our from their comfort zones.
You always have to make sure that every available avenue is exhausted in the negotiation process. It is not beneficial for any business person to be limited in scope. Exhausting all possible avenues enables you to be sure that your decisions are well thought out.
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- #7
I do agree with you. We need to do all the options in negotiating with others. Exploring is a part of business skill and finding the right partners or options for the company.
The simple truth is that there are times when it is necessary for you to be rigid and what you do in your business and there are also times when you need to be flexible.