1. You are a businessperson noted for your ability to complete negotiations in the U.S. within 24 hours. You have been sent to Mexico to negotiate a lucrative joint venture. Discuss the decisions you will have to make and the strategies you will have to use in order to ensure a positive outcome.

To ensure a positive outcome in your negotiation, a number of decisions and strategies will have to be employed to ensure a positive outcome. Foremost among them is the Preparation for the negotiation. Being prepared entails the understanding of the business and the negotiators that will be present. A thorough google search will provide an hint for the former and a good LinkedIn profile search will be help in getting information about the latter.

Also, you must be open to other's views as this will give you more ideas about them and how to pin into their weakness to exert your view on them.

The last of one of the decisions is to be ready to walk away in case of a bad deal. Though the aim should be to strike out something good, but never settle for a bad one.

Below are the strategies to employ in a negotiation of this magnitude:

Research: This, as emphasized above is a good strategy to prepare one's mind for outcomes. The research will require that you understand the deal dynamics, identify who the decision makers are in the deal in order to figure out who to persuade more and what kind of persuasion will work for each of the negotiators.

Persuasion on Expediency: There is a need to persuade the negotiators on the advantages the deal is to bring when they accept compare with the disadvantage.

Time consciousness on my part: I must ensure that time is use to my advantage to ensure i get what i need from the deal from the other party.