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Published by: Ivey Publishing
Published in: "Ivey Business Journal", 2004
Length: 7 pages

Abstract

When Enron was still - and only - a pipeline company, it lost a major contract in India because local authorities felt that it was pushing negotiations too fast. In fact, the loss of the contract underlines the important role that cultural differences play in international negotiation. For one country''s negotiators, time is money; for another''s, the slower the negotiations, the better and more trust in the other side. This author''s advice will help negotiators bridge the cultural differences in international negotiation.

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Abstract

When Enron was still - and only - a pipeline company, it lost a major contract in India because local authorities felt that it was pushing negotiations too fast. In fact, the loss of the contract underlines the important role that cultural differences play in international negotiation. For one country''s negotiators, time is money; for another''s, the slower the negotiations, the better and more trust in the other side. This author''s advice will help negotiators bridge the cultural differences in international negotiation.

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