Preview

Win-Lose Outcome in a Negotiation

Good Essays
Open Document
Open Document
997 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Win-Lose Outcome in a Negotiation
Win – Lose Outcome in Negotiations

From my readings on negotiations, I’ve realized that, one way or another, we are always negotiating, because everything we need and want in life belongs to someone else. Therefore in order to get what we want, we have to negotiate to get it. After our negotiations, we may have a win – win outcome, where everyone is happy, or we may end up in a win - lose outcome, where one side is perceived as having done significantly better at the expense of the other side.

For this assignment I am writing my personal experience which end up with a win – lose outcome (on this case, the other guy was the winner, and I was the loser). This happened to me about one month ago, when I decided to sell one of my two cars. I took the decision to sell my car for two reasons: first, owning a second car was just increasing my expenses, and second, I needed money to go on vacation to Peru. By this time, I had already bought my plane tickets, but I needed some extra money to spend in Peru.

Anyway, so I decided to post a “for sale” sign on my windshield, like many people do when they want to sell their car. One week had passed and I had no luck selling my car. I have to admit that I was getting a little concerned because I was really looking forward to sell this car and get some money for it. But two or three days before my trip, to my surprise, someone had left a message on my cell phone. It was a gentleman saying that he was very interested in buying my car if the price was reasonable. I contacted this guy as soon as possible and I informed him the amount of money I was asking for the car. He replied that it was probably more than he was willing to pay. Since I did not want to lose a potential buyer, I said that I was willing to negotiate.

The book is telling us that a win - lose outcome often occur “when future relationships are not important” (R. Lewicki, Negotiation, page 19). On this case, I did not anticipate additional business with

You May Also Find These Documents Helpful

  • Good Essays

    When I came back to classroom and looked at other classmates’ outcomes, I realized that my price $27,000 was quite high, someone even settled at the price of $22,000. Then I started to think what mistake I did during this case. I believed that my major mistake was that I changed my mind too easily. When my partner made the first offer of $33,000, I just raised my own expected price from $22,000 to $27,000. Because I told myself that it was impossible for me to convince my partner take the $22,000 offer. I could do it differently by letting myself made the first offer at $22,000, and stick to the point that I need to control the budget. Maybe in that case I can also influence my partner’s expected price.…

    • 1945 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    |is neither a win or lose. |is more likely to happen |choice made due to not putting in any part |…

    • 1044 Words
    • 5 Pages
    Satisfactory 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
  • Good Essays

    Web Search 1

    • 1443 Words
    • 6 Pages

    The loss of potential gain from other alternatives when one alternative is chosen (New Oxford American Dictionary)…

    • 1443 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Prioritise Work Nvq 3

    • 796 Words
    • 4 Pages

    If you don’t negotiate, you may find that you don’t meet the targets set or that you find yourself under extreme pressure.…

    • 796 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    * for successful relationships the result of the negotiation needs to be a win-win or a compromise outcome…

    • 2285 Words
    • 10 Pages
    Good Essays
  • Good Essays

    Operation Management

    • 828 Words
    • 4 Pages

    5. Explain the major differences among the win-win, win-lose, lose-lose, and compromising approaches to negotiation. State the advantages and disadvantages of all three approaches. Finally, how do you know which approach to adopt when negotiating with others?…

    • 828 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Bargaining but not all situations end up with both parties winning. In some situations there can a…

    • 273 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Simulation IBN

    • 1781 Words
    • 8 Pages

    1.2.3.3 On the condition of no prejudice to the interest of the opponent, we should strive and negotiate for more benefit.…

    • 1781 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    In the fourth habit of The 7 Habits of Highly Effective Teens (Think Win-Win), the author advocates having a positive perspective on life. While explaining incorrect outtakes on life such as “win-lose, lose-win, and lose-lose, he suggests that one should have a “win-win” perspective of life. To further explain, Sean covey says that win win is a mental frame of mind that says I can win, and so can you. He also says that having a win-win attitude generally keeps us happier. In summation, the beginning of the public victory starts with having the right paradigm about situations between one’s peers.…

    • 101 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    What happens when you define a win as getting closer to someone who wants the same thing? Or when you define it as improvement over time? Or in creating trust?…

    • 3532 Words
    • 15 Pages
    Good Essays
  • Satisfactory Essays

    If we can't find a solution that would benefit both parties, we agree to disagree.…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Melting Pot

    • 530 Words
    • 3 Pages

    which involves a winner. There is always a good and bad side and one of them has to…

    • 530 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Negotiations come in two forms- distributive outcomes and integrative arguments. Distributive outcomes, also called, "win-lose" bargaining, is a competitive negotiation strategy that is used to decide how to distribute a fixed resource (i.e. money) between two negotiators so that the more one gets, the less the other gets. In distributive bargaining, each party tries to secure the most benefit for themselves, without regard for the other side's outcome (Roy J.L, David M.S, and John W. M, 1999). For example, when negotiating for a used car – the buyer either gets that extra $2,500 or the dealership does. If the buyer feels that he got a good deal, he "won." If he walks away feeling like he paid too much money for that car, he "lost."…

    • 304 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Negotiation Case Study

    • 571 Words
    • 3 Pages

    On a dreary, rainy night in October of 1968, a young woman was driving behind a lorry truck in the U.S. Perhaps impatient with the transport in front of her, the young woman by the name of Ms. Anderson steered her vehicle to peer around the lorry driver's side to see if the way was clear. Before she could react, she was struct head on from an oncoming vehicle from the opposite direction. Ms. Anderson sustained permanent and debilitating injuries as a result of this horrific crash. Just recently, she had retrieved her vehicle from Sorensen Chevrolet which she had been having some repairs completed. Unbeknownst to her, Ms. Anderson did not notice that her front driver's side headlight was malfunctioning. The oncoming driver who had struck her had not seen her on that dark misty night when the accident occurred.…

    • 571 Words
    • 3 Pages
    Good Essays