Author Question: Why do business negotiations often avoid or ignore contingency contracts as options for creative ... (Read 53 times)

penza

  • Hero Member
  • *****
  • Posts: 1,022
Why do business negotiations often avoid or ignore contingency contracts as options for creative
  agreements?
 
  What will be an ideal response?

Question 2

In high power distance cultures, there is a wider gap between the powerful and the powerless.
 
  a. true
  b. false



lindahyatt42

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

Contingency contracts are ignored or avoided for several reasons. First, people are unaware of how to construct
contingency contracts, and these contracts are often seen as a form of gambling. Second, negotiators frequently
cannot find a systematic way of thinking about the formulation of contingency contracts. Third, many negotiators
have a getting to yes bias, meaning they focus on reaching common ground with the other party and are reluctant
to accept differences of interest, even when this might create viable options for joint gain.

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

For a complete list of videos, visit our video library