discuss the salary negotiation case‚ the explanation of negotiation theory‚ the application of this negotiation theory to the salary negotiation case. Apparently‚ salary negotiation is very important to our daily lives due to its reflection of fair treatments of our skills sets‚ our values‚ our competencies. It is likely many professionals don’t know how to achieve the optimal outcome due to lack of understanding of the negotiation skills. Hence‚ I will explain the negotiation theory‚ the application
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Essentials of Negotiation - Chapter 1: The Nature of Negotiation Key Words Models Bargaining Dual Concerns Model Bargaining Range BATNA Claim value Concession Making Conflict Dependent Dilemma of Honesty Dilemma of Trust Distributive Bargaining Independent Interdependent Intergroup Conflict Integrative negotiation Intragroup Conflict Intrapersonal or Intrapsychic Conflict Interpersonal
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Chapter 1 : Négotiation the mind and heart First book in negotiation: 1991 ------------------------------------------------- Why should negotiation be a core management competency? 1. Dynamic nature of business 2. Interdependence Power is the extend to which person A is dependant on person B. Who have the power? Depends on the needs * Unsubstituable * Important * Scarce: rare 3. Economic forces Because of the economic crisis and the problem of unemployment it’s
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Negotiation is one of the most common approaches used to make decisions and manage disputes. It is also the major building block for many other alternative dispute resolution procedures. According to Christopher W (2012)‚ negotiation is the principal way that people redefine an old relationship that is not working to their satisfaction or establish a new relationship where none existed before. Because negotiation is such a common problem-solving process‚ it is in everyone ’s interest to become familiar
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What is communication during a negotiation? * Not about negotiator preferences * Blend of integrative verse distributive content varies as a function of the issues being discussed * Content of communication is only partly responsible for negotiation outcomes FIVE CETEGORIES OF COMMUNICATION 1. Offers‚ counteroffers‚ and motives * Important communication in negotiation Convey offers and counteroffers * Bargainers preferences exhibit rational behavior by acting in accordance
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Saunders 6e Chapters 1- 4 (1 – 50 are worth 1.2 points a piece) 1. Which is not a characteristic of a negotiation or bargaining situation? A) conflict between parties B) two or more parties involved C) an established set of rules D) a voluntary process E) None of the above is a characteristic of a negotiation. 2. Which of the following is not an intangible factor in a negotiation? A) the need to look good B) final agreed price on a contract C) the desire to book more business
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their firm. Specifically‚ CMI brings to the table an offer of $820‚000. CTS brings to the table a book value of $420‚000‚ and the goodwill of the firm. The CMI bid is for 100 percent of the ownership of the company. In addition‚ the $2 million in outstanding notes will pass through to the new company owned by CMI. Further‚ CMI will agree to retain Tom Winder as CTS’ general manager. Finally‚ CTS will be moved to the office of CMI in Philadelphia. The personalities of Randall and Nolan are such that
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and finally; Stage 5: Outcomes. Negotiation in definition is a process in which two or more parties exchange goods or services and attempt to agree on the exchange rate for them. There are two BARGAINING STRATEGIES that you can employ during negotiations: (1) Distributive Bargaining or the negotiation that seeks to divide up a fixed amount of resources; a win-lose situation and; (2) Integrative Bargaining or the negotiation that seeks one or more settlements that can create
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Book Summary of Negotiation by Roy J. Lewicki‚ David M. Saunders‚ and John W. Minton Citation: Negotiation‚ 3rd edition‚ Roy J. Lewicki‚ David M. Saunders‚ and John W. Minton‚ (Boston: Irwin McGraw-Hill‚ 1999). This Book Summary written by: Conflict Research Consortium Staff Readers will find this textbook on negotiations to be broadly accessible and very informative. The third edition has been substantially updated and revised to reflect current negotiations research. Thirteen chapters are presented
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guidelines that you should follow during the negotiation Negotiation involves a two-way communication and the outcome is influenced by the mindset‚ abilities‚ and techniques used by the parties of the negotiation. One guideline to the outcome of any negotiation is dependent upon getting the timing right. To achieve this try to organize and plan the circumstances for the negotiation beforehand. This also involves considering the possible outcomes of the negotiation to better understanding the variables
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