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In addition, the article suggests that that Barack Obama may be able to step into the role of negotiator, serving as a mediator between the hostile nations.
URL: "Will the Relationship Change? Yes it Can" (2009, February 12). Retrieved February 12, 2009, from the Economist. Web Site: http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13110485&CFID=42596228&CFTOKEN=89937080
Summary: This article primarily has to do with the topic of privatization. It deals with an attempt made by a private investment group, Marfin, to purchase the Greek government-owned airline of Olympic. The group wants to invest at least 200 million Euros into the airline, and wants to buy the flying operations, ground handling, and technical base parts of the airline. The airline went up for sale after the government decided to call for private investors.
Definition: In this article, the term negotiation is used as a means by which two parties come to an agreement on the sale of an item, or in this case, an airline. The government and Marfin are the two parties in this case, and their negotiations allow a final sale price for the airline to be reached. In these circumstances, negotiations are necessary, as it facilitates the sale...
Furthermore, negotiations in business allow both parties to feel as if they are obtaining a good deal.
URL: Hope, Keith. (2009, February 9). Marfin begins takeover negotiations for Onlympic. Retrieved February 12, 2009, from the Financial Times. Web Site http://www.ft.com/cms/s/0/5b452c7e-f6ca-11dd-8a1f-0000779fd2ac.html?nclick_check=1
References
Hitt, G. And Weisman, J. (2009, February 12). Congress Strikes $789 Billion
Stimulus Deal. Retrieved January 12, 2009, from the Wall Street Journal. Web Site: http://online.wsj.com/article/SB123436825805373367.html
Hope, Keith. (2009, February 9). Marfin begins takeover negotiations for Onlympic. Retrieved February 12, 2009, from the Financial Times. Web Site http://www.ft.com/cms/s/0/5b452c7e-f6ca-11dd-8a1f-0000779fd2ac.html?nclick_check=1
Short Glossary of Dispute Resolution Terms. (n.d.) Retrieved February 12, 2008, from Mediate.ca. Web Site: http://www.mediate.ca/shortglossary.htm
Will the Relationship Change? Yes it Can" (2009, February 12). Retrieved February 12, 2009, from the Economist. Web Site: http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13110485&CFID=42596228&CFTOKEN=89937080
The company's promotional literature emphasizes the synergistic effects of this corporate structure: "IAG combines the two leading airlines in the UK and Spain, enabling them to enhance their presence in the aviation market while retaining their individual brands and current operations. The airlines' customers benefit from a larger combined network for both passengers and cargo and a greater ability to invest in new products and services through improved financial
Financial Scandals and Management Financial Management Management Financial Actions, Controls, and Decisions Financial Scandals and Management Following the rise of financial scandals in the recent past, external and internal audits are carried out to review the management's financial controls and actions, and keep tab of the outside and internal auditors. However, despite the best efforts, accounting scandals like the Cendant Corporation's $300 million bogus revenue indicate that external auditors and managers are not doing
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