by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is Electronic Data Interchange (EDI)?Electronic data interchange (EDI) is an electronic transmission system which allows transferring data according to predefined message standards from one system to another system without any intermediary.How Does an Electronic...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is a Data Encryption Standard?Data Encryption Standard is an early data encryption method containing the symmetric key algorithm for encrypting electronic data. It is an insecure and outdated method of data encryption which uses the same key to encrypt and...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is the Digital Divide?Digital Divide is the social and economic inequality in terms of accessibility of Information and Communication Technologies. Those on the disadvantaged side of the divide lack access to the internet, thus missing out on all of the...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What are some strategic objectives associated with negative outcomes in a Negotiation?In some situations, the objectives sought by a negotiator can result in less than optimal outcomes. Some common examples are discussed below. What is the Under-aspiring negotiator...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What is a strategic objective in a negotiation?Effective strategic planning will incorporate an orientation and method for achieving a particular outcome or objective. Notably, the motivation to negotiate and the sources of power in a negotiation relate closely to the...
by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation
What does risk perception affect a negotiation?Risk is the probability of an undesirable outcome. Rarely is a negotiation outcome certain. Conceding value related to one interest in hopes of claiming greater value related to a separate interest entails an inherent...
