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An understanding of general business negotiations as well as the Japanese and American approaches to business negotiations is essential for this project. Students are required to research their assigned negotiation style as well as the negotiation style for the other company. Each negotiation team will submit a written (word-processed) report describing the influence of national cultural characteristics on international business negotiations.The negotiation Exercise consists of student preparation for the second (hosted by NAC) and third (hosted by USSL) in-class negotiation sessions and the submission of the written negotiated contract. Additional documentation providing guidance will be provided.The documentation provide by the instructor will identify tentative agreements and each company’s undecided issues that will frame the negotiation sessions. Each student in the team representing either the Japanese or American company will receive a grade based upon how close the negotiated outcome is to the team’s position with respect to the undecided issues. This grade will be based on the written negotiated contract.
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