buck never takes your as far as you want to go. Journal Entry 6-4-12 The G Tech taught me that you must do research in order to know your counter parts BATNA so that you and obtain some form of leverage. This gives you an advantage in the negotiation process. For example I did not know that the SELLER I was buying from deal had fallen threw. If I would of known all the information I would have been able to get a better deal. In the real world scenario like our class activity I would have done
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If I had to pick just on form of power to get results from I would have to pick expert power. Without the expertise in your job area you are never going to get a quality result. I don’t think that expertise necessarily means that you are going to end up being the one doing all the work or micro-managing but‚ I do think that it would probably tend to lean in that direction if one is not careful. I find a combination of referent‚ expert and reward power to be the best way to entice people to produce
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Namibia Regional Economics: FIN-111 Assignment 1 Question 1 a) Opportunity and sunk cost Opportunity cost is the value of the next best alternative that must be sacrificed when you make a choice and it applies everywhere. For Example: If a person chooses to use vacation time to travel rather than to do renovations on the house. Thus‚ the opportunity cost of the tour could be said to be the forgone home renovations. Sunk costs are costs that were incurred in the past and
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Negotiation Assignment This is the second meeting between me (Sales and Marketing Director for the Khao-Lak Resort and Spa) and Miss Natalie‚ A leading European Tour Operator from Italy (acted by Khun Suparadee) In the meeting‚ we still focusing on win-win situation or compromising because we would like to keep relationship between the resort and her company and we would like to keep the future sales opportunities. From the last meeting‚ I was presented her about my resort background and also
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People make decision all the time to choose the best option in considering the utility and value that can get the most. Choice is like a gamble game that can generate several outcomes with different probability. It derives many of its hypotheses analysis of responses to money and to probability. However‚ people normally will not think the outcome in terms of total wealth‚ but rather than gain and losses and neutral outcomes. Many people prefer to choose the sure thing over the gamble even the gamble
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intelligence is studied‚ with his multiple intelligences theory. In this theory‚ Gardner proposed that there are “frames of mind‚” which allow individuals to have different views about the world and ways of being smart. As a result‚ each frame of mind is different and an independent type of intelligence. In 1999‚ Gardner decided that there are eight‚ (nine tentatively‚) different frames of mind‚ including: linguistic‚ logical/mathematical‚ spatial‚ musical‚ body-kinesthetic‚ interpersonal‚ intrapersonal
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Cost of Production Fixed costs are those that do not vary with output and typically include rents‚ insurance‚ depreciation‚ set-up costs‚ and normal profit. They are also called overheads. Variable costs are costs that do vary with output‚ and they are also called direct costs. Examples of typical variable costs include fuel‚ raw materials‚ and some labour costs. An example Production costs Consider the following hypothetical example of a boat building firm. The total fixed costs‚ TFC‚ include
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It is always difficult to know that there are people that abuse and harm children but you need to make sure that any allegations of a child that has been abused or harmed is treated in the correct way and responded in the appropriate way so that everyone is calm and confident enough to talk about it all. Whether you have noticed the signs of abuse‚ harm or neglect yourself or whether you have been told by another colleague‚ carer‚ and parent or even by the child you need to respond to the allegations
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Kahneman‚D and Tvesky‚ A. (1984)‚ ‘ Choices‚ values‚ and frames’. Ameriacn Psychologist‚ 39 (4) Abstract This article discuss when consumers feel a certain price which is bringing the "loss" rather than the "income"‚ they are more sensitive to price. Consumers are feeling a certain price more cost-effective manner and the other a less cost-effective. They will accord the cognitive psychological evaluation to exhibit a completely different personal attitude and decision making. Economic decision
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There are different types of economic systems‚ ranging from the centralized command system (U.S.S.R.)‚ to the free market economy (U.S.A.). Economies nowadays are mixed in nature than in the past‚ with a trend leaning more towards a free market system since the demise of the former Soviet Union and the European eastern block. Hence China has since revised its policies and is opening up the market to avoid the same fate. The USA free market has also been recently learning that a totally free
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