Essentials of Negotiations 1. Creating Value - Win-Win Negotiation 2. Claiming Value - Staying in Business! 3. Building Trust - Long-term sustainability Negotiations Sandtraps 1. Leaving Money on the table (Lose-Lose Negotiation) 2. Settling for too little (Winnerʼs Curse) 3. Walking away form the table 4. Settling for terms that are worse than the alternative (Agreement Bias) Why People are Ineffective Negotiators - Faulty Feedback - Satisficing - Self-reinforcing incompetence Negotiation Myths Myth
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Negotiation Conflict Styles by Calum Coburn Five Negotiation Styles When to use? What’s the Danger? Self Defense Compete (I win - You lose) (aggressive) - Need to get results quickly. - Not to family or friends “More interested in "winning" rather than reaching an agreement.” - Overpowering relationships “Don’t Cave In!” Accommodate (I Lose - You Win) “The opposite of competing” - When you or your company are at fault - Repairing relationships - Generosity as a sign of weaknesses
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Describe & analyze how the influence of culture played a role in the negotiations The Affordable Care Act is designed to expand insurance coverage‚ control costs‚ and target prevention (Gable‚ 2011). The government is targeting adults aged 19-64‚ since their access to health care and use of health services deteriorated between 2000 and 2010‚ particularly among those who were uninsured (Kenney‚ McMorrow‚ Zuckerman‚ & Goin‚ 2012). The goal is to reduce the number of uninsured adults through a Medicaid
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House music is a genre of electronic dance music that originated in the American city of Chicago in the early 1980s. It was initially popularized circa 1984 in Chicago‚ but beginning in 1985‚ it fanned out to other major cities across North and South America‚ as well as Europe and later Australia.[1] Early house music commercial success in Europe saw songs such as "House Nation" by House Master Boyz and the Rude Boy of House (1987) and "Doctorin’ the House" by Coldcut (1988) in the pop charts. Since
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Chapter 1 Claiming Value in Negotiation 5-Step pre-negotiation framework: 1. Assess your BATNA 2. Calculate your reservation value 3. Assess the other party’s BATNA 4. Calculate other party’s reservation value 5. Evaluate the ZOPA Responding to their initial offer (Strategies): 1. Ignore the Anchor 2. Separate information from influence 3. Avoid dwelling on their anchor 4. Make an anchored counter offer‚ then propose moderation 5. Give them time to moderate
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Summer 2015 For the Texoil negotiation‚ I was assigned 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 $518‚000‚ which accounted the present and the next two years expenses ($478‚000) plus half of the year salary upon return from the trip ($35‚000). My asking price was 650‚000 explaining to Texoil that the market price was around $800‚000. The benchmark was the cost of constructing the new gasoline ($650‚000) plus
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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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Accounting Elmhurst College Author Note This paper was prepared for MBA/MPA 555‚ Negotiations‚ Summer 2015‚ taught by Harold S. Dahlstrand There are several strategies necessary in becoming a successful negotiator; however I’m going to focus on the “win-win” strategy. A “win-win” negotiation strategy is one where both parties have combined awareness on the interest and relationship of the negotiation. Think of this strategy as the basis for a marriage‚ a long term committed 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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Cross cultural negotiation is one of many specialized areas within the wider field of cross cultural communications. By taking cross cultural negotiation training‚ negotiators and sales personnel give themselves an advantage over competitors. There is an argument that proposes that culture is inconsequential to cross cultural negotiation. It maintains that as long as a proposal is financially attractive it will succeed. However‚ this is a naïve way of approaching international business. Let
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