Reflection Paper - Texoil For the Texoil negotiation‚ I was in the role of the Service Station Owner. As such‚ my main objective was to sell the station and get the best possible agreement. My BATNA was $400‚000‚ which represented an offer from British Petroleum and my resistance point was $413‚000 after tax‚ which represented the cost of my trip. My target was $488‚000‚ which included an additional $75‚000 to help tie me over until I found a job upon my return. This resistance point represents
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Reflection Report 1: In all my negotiations so far‚ I always focused on how I should be achieving my target and in that process I completely missed what the other party is trying to do or what their actual goal might be. It is so true in the Job search negotiation during which I just focused on scoring more than 35 points and prepared my arguments accordingly. When we started the negotiation‚ my partner took the lead and decided which issue needs to be negotiated first. He started with location
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MANA343 | NEGOTIATIONS & CONFLICT RESOLUTION Chapter 1: Nature of Negotiation What: Negotiation is a social process by which interdependent people with conflicting interests determine how they are going to allocate resources or work together in the future. It is a social process because people must interact with others to achieve their desired outcomes. When: We negotiate when we believe we can achieve more with others than without them. Why: Negotiation has become more important
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Negotiation Point "Effective negotiation is not about conflict. It is not about deviance or dishonesty. It is not about posturing‚ or bullying‚ or threatening. Effective negotiation is about exhaustive preparation‚ utter clarity‚ heartfelt communication‚ and a sincere‚ demonstrated desire to fully understand not just your own needs‚ but the needs of the other party." Leigh Stienberg: Winning with Integrity. Reason Does every thing in life revolve around negotiating? Your relationship
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Sally Soparno The fundamental assumption is that learning and practicing negotiation skills can be learned. Others‚ however‚ assume that diplomacy and negotiation are things that can never be learned or taught. They believe that you are either born a negotiator or you are not. Unfortunately‚ this is a very shortsighted assumption. The approach to this will be to use all the information that was provided in the analysis to determine the best position of strategy to save the Opera on opening day
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using rewards as a way to get things accomplished Legitimate- having a title that grants power‚ such as CEO Expert- power that comes from having supreme knowledge of the subject Coercive - using punishment as a way to get things done Consider a negotiation with which you are familiar. What parties were identified? Who had power or influence? Explain why. I personally don’t find myself negotiating through situations on a daily basis‚ my work environment is very fast-paced and we usually make decisions
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factual-inductive style has persuasive appeals made to logic (e.g. typical in North American negotiations)‚ the axiomaticdeductive style appeals to ideals (e.g. typical in the former USSR) and the affective-intuitive style focuses on emotional appeals (e.g. typical in Arab countries). Other studies have shown that persuasive tactics are consistent across countries‚ such as the use of aggressive tactics present in US negotiation behavior There are essentially two strategies to bargaining: representational and
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------------------------------------------------- Negotiation Planning Worksheet What type of agreement do you hope to accomplish through the negotiation? A win-win solution would be best for both parties! What would you consider to be the best result? As Senior Sales Person for Jones Stamping‚ it would be great to come to an agreement of at least $30.25 per piece‚ with altered packing specifications to satisfy our operations manager. What must you have? a) A clear definition of
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the seller in the other hand wants profit from us as the buyers. So I considered this as a distributive bargaining zero-sum negotiation where both of us did not get any of what we want‚ or in the other hand let’s say if they agree to negotiate about the price but they did not have many choice but to agree in the price that I offer to them‚ this is a win-lose negotiation where one party’s gain is the other party’s loss. SKILL3.2: There are a few basic step that I need to do to determine or
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WALMART NEGOTIATION CASE: Walmart the world’s largest retailer‚ sold $315 billion worth of goods in 2006. With its single-minded focus on "EDLP" (everyday low prices) and the power to make or break suppliers‚ a partnership with Wal-Mart is either the Holy Grail or the kiss of death‚ depending on one’s perspective. There are numerous media accounts of the corporate monolith riding its suppliers into the ground. But what about those who manage to survive‚ and thrive‚ while dealing with the classic
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