Effective Cross-Cultural Communication: Thai Negotiation Report
VerifiedAdded on 2023/01/05
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Report
AI Summary
This report provides a comprehensive overview of Thai culture and its significance in business negotiations. It emphasizes the importance of understanding and respecting Thai customs, including the significance of Theravada Buddhism, the use of the "wai" greeting, and the avoidance of touching heads or pointing feet. The report highlights key considerations for successful negotiations, such as showing respect for the royal family, using the Thai language, and building trust through multiple visits and establishing a line of credit. It also covers specific etiquette, such as not touching heads, not showing feet, and the importance of a united front from the negotiation team. The report stresses the need for patience and a long-term perspective, as decisions are often made slowly and require building strong relationships. By adhering to these cultural guidelines, the report suggests that the negotiation with the Thai firm can be more successful and lead to a beneficial outcome.
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