Cultural Differences in International Business Negotiations by Gurjeet Chima
Cultural Differences in International Business Negotiations by Gurjeet Chima https://tcpgrowth.com/wp-content/themes/corpus/images/empty/thumbnail.jpg 150 150 Angeli Maduli https://secure.gravatar.com/avatar/201f275bea6adfea3fc8db1030f3fe43?s=96&d=mm&r=g🤝🏼 Are you culturally ready to do international business negotiations?
According to the Asian Development Bank (2022), developing Asia is expected to have a 5.2% growth in GDP this year and a 5.3% increase in 2023. Amidst the pandemic and other external threats, this could be an opportunity for your business to expand and try different markets across the globe.
But economic factors are not the only thing executives should focus on when trying to go for international markets. You should also take into consideration the cultural factors that may affect your business expansion. Researching your new market will take you a long way toward making sure your business flourishes in a new environment.
Gurjeet Chima, the Advisor for Cross-Cultural Business Communication at TCP Growth, shares that businesses should take into account the cultural differences and cultural dimensions before going into an international negotiation. Take your time in understanding the differences in:
🤫 Language
🤪 Behavior
💖 Values
🤯 Mentality
🤔 Decision-making process
Do you have any tips for executives who want to expand globally?
Watch Gurjeet’s video series here!
#InternationalNegotiation #Business #Culture #CrossCulturalCommunication
