Assignment Comparative table on negotiation style Submitted to Tahmina Khanam Associate Professor Department of Management Submitted by- Group-5 Name ID Md. Akbar Hossain 307 Md. Tarik Enam 359 Syed Baijed Bostami 386 Shafaeat Hossain 393 Introduction: Negotiation has been an inevitable part of life from ancient age. In this modern competitive world the value of negotiation has been on the rise as it is proving more necessary than any time. Managers have particular need of negotiation in their business life or organisational life. Style of negotiations vary across country to country and even individual to individual also. Western countries have certain different negotiation style than asian countries. Overall approach of negotiation certainly varies among different countries. Countries follow different their own negotiation style in order to be successful in any kind of negotiations. Below there is a table showing comparative negotiations style of USA, Malaysia and Vietnam. USA Malaysia Vietnam View negotiations as a competitive process of offers and counteroffers. Established Trust, power and influence, mutually acceptable solution. Gain long-term relationships Negotiators tend to favour distributive negotiation. Politeness and indirect communication, relationship building, patience and long term thinking. Cooperative, relationshipfocused Negotiators prefer less formal sessions. Personal connection and relationship building, dress code and grooming, gift and giving, dining etiquette Polite, respectful, indirect communication Culture values, informality and equality. Indirect and polite. Respectful. High-context, nonconfrontational, use of nonverbal cues A low-context culture with an emphasis on the clarity and explicitness. Tight deadline, quick result, maintaining positive relationship. Flexible, emphasis on building trust over strict deadlines Tends to view time as monochronic, sequential and absolute. Group-oriented culture, collective decision-making, face to face meeting prefer. Group-oriented, collective decision-making Tends to have an individualistic culture. Risk taking Cultural differences, language barriers, legal requirement, political instability. Cautious approach, preference for stable outcomes Mutual Drafting of a formal agreement. (Like MOU,HOA) Detailed, consensus-driven, emphasis on written contracts Tends to be more risk taking. Agreements are formalised and “the contract is seen as final and lengthy binding, and not open to renegotiatiation. Tends to select negotiators on the basis of ability and experience. Emotionalism Warm, maintaining strong emotions Specific skills and knowledge, personal connection and relations. Reserved, maintaining harmony and saving face Seniority and experience valued, importance of relationships Conclusion: From the table it can be seen that there is an existence of different negotiation style among different countries. They actually follow different approach while negotiating with others. Western countries seem to have more individualistic approach while asian countries follow more of a collectivistic approach. Emotional values are more of a negligible one in western negotiations style and it is the opposite in the asian style. Though both style values absoluteness but timelines is more of a western style rather than asian style of negotiation. References: Ready, K. J., & Tessema, M. T. (2011). Perceptions and strategies in the negotiation process: a cross-cultural examination of USA, Vietnam and Malaysia. International Journal of Business and Globalisation, 6(2), 198-216. Tessema, M., & Ready, K. (2009). Perceptions and strategies in the negotiation process: a cross cultural examination of US and Malaysia. International Negotiation, 14(3), 493-517. Mohd Hashim, H. (2010). International negotiation styles: A perspective of Malaysian diplomats (Doctoral dissertation, Auckland University of Technology). Othman, U., Ibrahim, A., & Kadir, B. (2022). Negotiation Styles and Culture: A Brief Overview of Existing Works on the Malaysian Negotiation Style. Global Business & Management Research, 14.