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Polished transcript:
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Differing cultural values can significantly influence international business negotiations and collaborations. This practice manifests in various types of ways, such as negotiation strategies, communication styles, and expectations from the counterpart involved. Firstly, in negotiation style, individualistic cultured people lean towards distributive negotiations. On the other hand, collectivistic cultured people prefer to negotiate in a more integrative way. Moreover, the communication style itself influences business negotiations and collaborations, where high-context cultures prefer to communicate implicitly, while low-context cultures like to communicate explicitly. So, there are various things to take into account.
Actual audio transcript (What native speakers are likely to hear):
Deferring cultural values can significantly influence international business negotiation and collaborations. This practice manifests in various type of ways such as negotiation strategies, communication styles and expectation from counterparty involved. Firstly, negotiation style where Individualistic cultured people lean on to distributive negotiations. On the other hand, collectivistic cultured people like to negotiate more integrative way. Moreover, the communication style itself influences the business negotiations and collaborations where high-context cultures like to communicate implicitly and on the other hand, low-context cultures like to communicate explicitly. So there are various things to take into account.
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