Preview

My Implications and Learned Lessons in Business Negotiation

Powerful Essays
Open Document
Open Document
4718 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
My Implications and Learned Lessons in Business Negotiation
My Implications and Learned Lessons in Business Negotiation

Being a salesperson like me, I must admit that it is a tough marketplace out there and strong negotiating skills are fundamental to achieving and more importantly sustaining career and business success, particularly within a competitive sales and marketing environment. Those of us who want to achieve better results, both at work and in our private lives, need to develop effective negotiating skills. It is worth to bear in mind that if the technique used is too aggressive or even too soft, revenue and profit will be lost. This all even made greater sense to me after taking the Negotiation Course. Not only did I learn the negotiation theories and related methodologies, but also I was able to practise the negotiation exercises where I observed the negotiation process and made it in a more systematic manner. Moreover, I was able to relate many different concepts that I have learnt from the class with my own work experience.
This paper is likely to be my Negotiation summary of what I have learnt from the class. To be more specific, I will discuss about four main subject areas in which I am most interested namely 1) Essences of Negotiation which sum up general ideas of Negotiation and later will focus on Distributive and Integrative Negotiations, and "Getting to Yes" by Roger Fisher & William Ury, 2) Negotiation Self-Assessment in relation with other human traits and behaviours reflected in negotiations and which affect negotiations' outcome , 3) Cultural Influences in Negotiation with respect to Hofestede's Cultural Dimensions , and lastly 4) Two Articles on Contingency Contracts and Negotiation as Part of Corporate Capability articles respectively.
In all negotiation situations, there are two or more parties, individuals, groups or organizations who have a conflict of needs and desires , and the parties must search for a way to resolve the conflict. Negotiation takes place out side the system to invent

You May Also Find These Documents Helpful

  • Good Essays

    References: Lewicki, R. J., Saunders, D. M., & Barry, B. (2007). Negotiation: Readings, Exercises, and Cases (5th ed.). Boston: McGraw Hill.…

    • 883 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Mgt 445

    • 1045 Words
    • 3 Pages

    References: R. J. Lewicki, D. Saunders, and B. Barry (2010). The Nature of Negotiation. McGraw Hill, New York, NY…

    • 1045 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Lewicki, R., Barry, B., & Saunders, D. (2006). Essentials of Negotiation, 4th edition. McGraw-Hill. Learning Solutions. New York, NY. Retrieved from http://digitalbookshelf.argosy.edu/…

    • 1301 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    References: Lewicki, R. J., Saunders, D. M., & Barry, B. (2007). Negotiation: readings exercises, and cases…

    • 585 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Research Report

    • 3178 Words
    • 12 Pages

    Lewicki, R. J., Saunders, D. M., & Barry, B. (2011). Essentials of negotiation (5th ed). New York, NY: Mcgraw-Hill.…

    • 3178 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    12 Angry Man

    • 4782 Words
    • 20 Pages

    Gates, S. (2011). The Negotiation Book: Your Definitive Guide To Successful Negotiating (1st ed.). United Kingdom, UK: John Wiley and Sons LTD.…

    • 4782 Words
    • 20 Pages
    Powerful Essays
  • Better Essays

    Bus 340 Assignment 3

    • 2349 Words
    • 10 Pages

    The purpose of this paper is to demonstrate the need for an effective negotiator to plan, organize, direct, and control a negotiation. This paper will describe the skills and behavior needed for effective negotiations. An understanding of various negotiating strategies or tactics and how they can be applied in varying types of negotiations will be demonstrated. Technology and information resources will be used to research issues in business administration.…

    • 2349 Words
    • 10 Pages
    Better Essays
  • Better Essays

    1. What did the union do to prepare for negotiations? What additional sources of information might it have used? What were the union's primary objectives?…

    • 1187 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Artful Negotiating

    • 493 Words
    • 2 Pages

    After viewing the video titled, Artful Negotiating by Herb Cohen I have referenced three negotiation topics from the textbook, Negotiation / Roy J. Lewicki, Bruce Barry, David M. Saunders – 6th ed.…

    • 493 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Over the past 8 weeks there has been a lot that I have learned about myself as a person with inner reflection in my negotiation style. Negotiation is a skill that I thought people have to be born with. Although people can be born better suited with negotiation skills; the skill is also a craft that can be taught and learned. People must be able to reflect on their strengths and weaknesses and build off their strengths to become a better negotiator. Lewicki, Saunders and Barry (2011) state that while some people may look like born negotiators, negotiation is fundamentally a skill involving analysis and communication that everyone can learn. I think that the questionnaires that I took really amplified what I need to work on as a negotiator. Negotiation is a part of everyday life for everyone, in home life and in personal life and becoming a better negotiator can impact our lives positively in both. This paper will reflect and summarize what I learned about myself doing both questionnaires and how I plan on improving my negotiation skills using this class going forward.…

    • 1657 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Being a good negotiator isn't just useful in business environment. In fact, mastering negotiation skills will help in every aspect of my life. In my studies, I can be confident to express and share my opinions with others’ especially in group discussion. In the future, I would have a successful negotiation with my college even the manager with these tactics’ guideline.…

    • 258 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    First negotiations in this class showed me that I was not prepared well for them. It was difficult for me, because I was not sure if I was negotiating in the right way or not. I think that when you have real negotiations you have more time to do your homework, to set up your goals and results which you want to get. It is always easier when you know your target, points which you can lose or gain. In my case, I realized how to do it after the third lesson when we tried to negotiate about multiple issues. Negotiations are not simple things. Sometimes you need to lose in some moments to gain in main one. Now I can see it, I can feel when it is important something for a person or not. In negotiations you always have a chance to know it. If somebody gives up very quickly it means that this issue or moment does not play a great role for him. Moreover, in the beginning of this course I thought that I am a…

    • 703 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Before the role play, I was stuck with the thought that negotiation is purely about exchanging resources that mutually benefit both parties. However, my understanding of negotiation has jumped to the next level after the activity since it provided me the insight of choosing the right influencing tactics to match the characteristics of the target audience…

    • 1160 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Negotiation is a specialized and formal version of conflict resolution most frequently employed when important issues must be agreed upon. Negotiation is necessary when one party requires the other party 's agreement to achieve its aim. The aim of negotiating is to build a shared environment leading to long-term trust and often involves a third, neutral party to extract the issues from the emotions and keep the individuals concerned focused. It is a powerful method for resolving conflict and requires skill and experience. Zartman defines negotiation as "a process of combining conflicting positions into a common position under a decision rule of unanimity, a phenomenon in which the outcome is determined by the process."…

    • 13526 Words
    • 55 Pages
    Good Essays
  • Powerful Essays

    Ethics in Negotiation

    • 7687 Words
    • 31 Pages

    Negotiation is one of the most important parts in our life. We negotiate whatever we need and wherever we can. Businessman, children, lawyers, police, diplomat…all need to negotiate. Even peace or war sometimes depends on the success or not of negotiation.…

    • 7687 Words
    • 31 Pages
    Powerful Essays