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How does technology affect global negotiations?

How does technology affect global negotiations?

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Answer #1

How does technology affect global negotiations?

  • Data analytics will help in measuring the optimum amount of time to wait before making concessions on price.
  • technology can also calculate when to start negotiations so that agreement can be reached at the most appropriate time
  • A potential contract management system’s tool can be used for contract creation or contract collaboration
  • technology would eventually ease the negotiation process
  • E-signatures would reduce travel to seal a contract
  • All the parties can meet online without wasting time and energy in travelling
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