Author Question: Why do business negotiations often avoid or ignore contingency contracts as options for creative ... (Read 21 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?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

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