International Management Essay Example | Topics and Well Written Essays - 1250 words - 3

International commission - Essay ExampleFrom this paper it is clear thatin the fast changing global equation of socio economical development, it is important that efforts be made to ensure that better understanding of cross ethnic values and vexation traffic patterns ar developed. The need of the hour is that a comprehensive field of honor of factors which may hinder the calling negotiations are undertaken and efforts are made to mitigate the influence of those factors in furthering the mutual business development of the global community.This study outlines thatThe imperatives of the global business environment have transformed the traditional business practices to suit the business and cultural compulsions of the host business partners. the international business practices must take cognizance of the changed equation of business practice with reference to the changing socio cultural background of the country, where one needs to establish the business interests. National cul tures are known to determine the negotiators assumptions and thoughts which help to form business strategy and behavioral pattern.Negotiations chiefly involve six major steps defining goals and objectives understanding socio-cultural values of ones business partner identify main variables in the negotiation processes gaining comprehensive knowledge of countrys level-headed framework and political compulsion which may have significant impact on business matter develop mutual trust and confidence building.