Interpersonal and Transferable Business Skills NEGOTIATION Essay - 1

Interpersonal and Transferable Business Skills NEGOTIATION - Essay ExampleCurrency exchange order can fluctuate greatly over time, so it is within the best interests of both parties to come to or so kind of arrangement. On the one hand, the Czechoslovakianoslovakian manufacturing business can still receive ongoing work. At the same time, the American company can pay a fixed pose, something which would make no disparity to the Czech manufacturer because of the need to pay in Czech crowns.2. If negotiation is not an option, then the American company could attempt to take the Czech manufacturer to a tribunal or hearing to fade away the issue. Perhaps the agreement could be renegotiated to take into account that the currency exchange has changed immensely since the agreement was first-year made and it will continue to do so in the following years to come. A renegotiated shrivel could include or fixed exchange rate or a stipulation that the exchange rate be looked at on a bi-annu al basis.3. Finally, if all else fails, the American company may have to climb its prices even though this will likely have the knock-on effect of losing some market share to contest competitors. If the company kept losing money, then it may have to shut down, and this would negatively impact the Czech manufacturer because there would be no more work forthcoming. For the relationship to continue, ideally a compromise has to be made. It may be that payments are made in Czech crowns one year and then US dollars the next to make everything fair for both sides.In this situation the ball is really in the Czech manufacturers court because the long-term agreement cannot be broken and the fluctuating exchange rate is of little chafe to them. Based on the present situation, there are three options for the Czech manufacturer to choose from1. The Czech manufacturer could insist that the American company adhere to the terms of the original deal, which was that they be paid in the local