Case 1 : The Negotiation Problem This case study shows how two parties can find a successful negotiation resolution by tackling the issues in a creative and mutually beneficial manner. | One of the biggest stumbling blocks encountered by a negotiator is to clearly understand the real issues as the root cause and basis for the negotiation in the first place. All too many times‚ negotiators take insufficient time to clearly identify and frame the problem or issues to be resolved and negotiated
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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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Negotiation is perhaps the most flexible form of dispute resolution in modern times. However‚ it cannot be assured that it will always reach a positive conclusion. The negotiation dialogue in between the powerful Athenians and weak Melians is one such example. Melians were concerned with fairness‚ justice‚ impartiality‚ and honor. They were quite idealistic and proved to be uncompromising on that principle. On the other hand‚ Athenians were apprehensive towards the Melian’s reservations. They were
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Introduction This essay explains the negotiation rationale behind the role of Excalibur Engine Parts Company. Several important issues of the negotiation were chosen to be explained in more details here. They included the goals‚ strategies‚ tactics chosen‚ resistance point‚ target point‚ opening offer‚ concession plan‚ why certain questions would be asked and answered and an analysis of the other party. Excalibur Engine’s goals According to Zetik & Stuhlmacher (2002)‚ each negotiator has unique
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Chow and HyperHawk Sales Group Director Layton Pang. Ma is keen to explore more projects with HyperHawk and has tasked Chow to follow up with HyperHawk as soon as possible. The managing director of HyperHawk suggests that a session be arranged with key stakeholders from both companies to discuss and assess possible opportunities for other JJM projects. The Scene Ma and Chow agreed to the suggestion and asked that a proposal be submitted to JJM after the opportunity assessment meeting that was attended
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were involved in negotiations and the other party used the distributive negotiation strategy. There are many situations in life where a “distributive negotiations” Hellriegel & Slocum‚ (2011) in used as a strategy. Nowadays‚ negotiations come in forms of exchange and often we used distributive outcomes as the arguments to get what we want with the intention of losing less. As mention ‘distributive outcomes‚ also called‚ "win-lose" bargaining‚ is a competitive negotiation strategy that is used
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Reflection Journal: TEXOIL CASE 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
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What Issues are Most Important to You? Primarily‚ we must be absolutely certain that the Houses will not be destroyed. Commercial uses are unacceptable unless they are at least as tasteful as the Grouse proposal. Any uses that have the potential to generate bad press for Mallory or Myles is not a valid option‚ while good press is an added bonus. Giving James the potential of purchasing a refurbished unit is a plus as well. A secondary concern is maximizing the sale price‚ but only if the initial
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How did you prepare for this negotiation? Why did you prepare in this manner? A. Identify the issues that you thought were the most important issues to be negotiated‚ and briefly explain why you thought they were the most important. In preparation for this negotiation‚ I studied the case diligently. I wrote down‚ what I felt were the key issues for Joe Tech. I also made a list of pros and cons associated with each issue. I prepared in this manner because it gave me the opportunity to effectively
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NEGOTIATIONS CASE ANALYSIS Negotiations Case Analysis Negotiations Case Analysis Introduction Negotiation performed between two or more than two individuals or groups. In the given case‚ CMI and CTS are the two companies. Negotiation’s primary objective is to satisfy both (or all) the parties involved in the process of negotiation. In this case‚ the objective of CTS is to get acquired‚ and CMI aims to acquire CTS too. All the parties involved in the negotiation aim to satisfy their interests
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