The paper 'Risk Tolerance and Risk Propensity' is a great example of a Management Assignment. Guerrero (2005) explains that in our day to day life, communication is an important aspect of ensuring that people understand each other by passing information from one place to another. However, there is one case whereby we stop using the verbal aspect in communication and opt for the nonverbal. The nonverbal aspect happens in many scenarios where the verbal is not applicable. We, therefore, use non-verbal in order to express emotions and also where the audience feels that the message being communicated verbally is untrustworthy.
Another situation of using is when dealing with human relations where one cannot conclude what could be wrong, it is; therefore, appropriate to use gestures, touches, and facial emotions. Understanding the impact of these nonverbal gestures of the culture of different people is, therefore, important before communicating the intended message (Feldstein 2013). Risk tolerance and Risk propensity Risk tolerance is an important aspect when it comes to people managing their financial issues and their investments. The psychometric risk tolerance used around the world with different languages pot rays the difference in risk tolerance among people.
It defines the trends used by both men and women in managing risk. There is a sex difference in risk tolerance and also it has been analyzed that cultural factors determine the rate of risk tolerance (Yoe, 2011). When making decisions it is important to consider the risk as a factor in the aspect of uncertainty. The nature of risk propensity stipulates that the risk propensity is an individual trait that contributes towards an individual view of risk-averse and risk-seeking nature.
The ability of an individual to be risk-tolerant contributes towards the state of handling risk propensity. Risk propensity helps in decision making because it enables one to decide on whether to avoid the risk or face it and handle the consequences (Noyes, 2012). Negotiations with German When negotiating with the Germans, I expect to have an idea that the Germans operate under appointments that are scheduled in advance and, therefore, it is important to book an appointment so as to negotiate (Moore, 2010). I also expect to use fluent English in the negotiation process because Germans use English when negotiating professional matters.
Aside from fluent English I also expect that the Germans are presentable and that I should also be presentable with the use of good communication skills. Germans are also ambitious and, therefore, it is important to be able to tackle their nature by answering all the questions they ask in a more professional manner. Germans endorse their negotiations through a handshake and they also respect the opinions of their superiors. They also do not rush into a conclusion, but instead, they rely on thorough research of the issue before reaching a conclusion (Smyser, 2003). Week 6 Merits of entry strategies Exporting The export products are manufactured in the country, thus there will be no issues associated with overseas It provides an opportunity for the exporting country to learn the foreign markets It helps the exporting country to avoid risks that are associated with operating in a foreign country.
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