Section 7 Management of risks in international business negotiations

7.1 The influencing factors on the risks in international business negotiations

     The factors are briefly introduced as follows:

     7.1.1 Political factors

     7.1.2 Economic factors

     7.1.3 Social factors

     7.1.4 Technological factors

7.2 The steps for risk management

     The specific steps can be illustrated as follows:

     Step 1: Identify the risks;

     Step 2: Evaluate the risks;

     Step 3: Manage the risks.

7.3 Methods of coping with risks 

 The common methods of coping with risks go as follows:

     7.3.1 Improve the qualities of the negotiators

     7.3.2 Consult experts

     7.3.3 Adopt technological methods to avoid the risks

     7.3.4 Make good of insurance market and credit guarantee tools

     7.3.5 Make a shared responsibility of the risks