Question
A well-known US jewelry company was interested in selling its products overseas. The company found a possible partner based in Dubai. The company seemed to
A well-known US jewelry company was interested in selling its products overseas. The company found a possible partner based in Dubai. The company seemed to be perfect for the deal. After many phone calls between the two parties, a decision was made to meet in Dubai. The US company chose one of their businesswomen, Patty Sutton, to represent it. She was the companys most persuasive negotiator.
Before Sutton left the United States, she and the company lawyer worked together to write a detailed contract for the deal. The contract was fifty pages long. The deal would be advantageous for both firms. It promised big profits.
Sutton left for Dubai with the contract. She was pleased with her careful preparation. She thought her future partners would be satisfied with her work and would be ready to bargain about the details of the contract. She had studied their company interests and was sure they would want to change a few conditions in the contract. She planned to agree to those changes as concessions. She was certain the meetings would result in good negotiations and a quick final agreement.
On the day of the meeting in Dubai, Sutton entered the boardroom with copies
of the contract for the foreign businessmen at the meeting. She handed them
each a copy and began discussing the details. The representatives of the Dubai
firm did not open the contract. They didnt discuss the contract at all, but
instead spoke about general business issues. They spoke about the proposed
cooperation between the two companies but they didnt make any promises.
Sutton then went back to the United States feeling extremely surprised and
disappointed. The Dubai businessmen had never asked her one question about the contract. No agreements or commitments had been made. She wasnt even sure
if there would be another round of negotiations.
Given your knowledge that you have gained in the course, please answer the following:
What could have the American company done differently to prepare Patty Sutton with the meeting? What negotiation skills would you have applied to this situation for a favorable outcome?
**
The Application Project is a case- scenario based project.
Include citation:
Application of Concepts:
Analysis of Answer:
Research Integration:
Faith Integration:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started