The world is generally connected through foreign relations among nations and diplomats are government representatives that deal with international affairs. Nevertheless, this term can also be used in any context where relationships need to be properly managed. Diplomacy is commonly understood like a peaceful, respectful and productive manner of conducting discussions around specific subjects, aiming to achieve some kind of beneficial agreement or resolution. Considering the other side’s opinions and beliefs as well as communicating self perspectives through non-aggressive manners, are key elements in diplomacy. In business, diplomacy is often useful and that is the reason why certain employees should learn how to apply diplomacy at workplaces. There are occasions when constructive, non-stressful debates are required between two parties in order to reach valuable results.
In a nutshell :
- It is a diplomacy that focuses on development of business between two countries.
- It aims at generating commercial gains in the form of trade and inward and outward investment by means of business and entrepreneurship promotion and facilitation activities in the host country.
- Commercial diplomacy is pursued with the goal of gaining economic stability, welfare, or competitive advantage.