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

International Management - Essay ExampleFrom this paper it is clear thatin the fast changing globular equation of socio economic knowledge, it is important that efforts are made to ensure that better understanding of cross cultural values and stage business practices are developed. The need of the instant is that a comprehensive study of factors which may hinder the business 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 planetary business practices must take cognizance of the changed equation of business practice with reference to the changing socio cultural background of the uncouth, where one needs to establish the business interests. National cultures are k nown to determine the negotiators assumptions and thoughts which help to form business strategy and behavioral pattern.Negotiations primarily involve six major(ip) 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 legal framework and political compulsion which may have significant impact on business outcome develop mutual blaspheme and confidence building.