Case Study: BP Texas Refinery Introduction According to Lewicki‚ Saunders & Minton (2003)‚ adopting an unethical approach to negotiation in business can have serious consequences. A recent explosion at the British Petroleum (BP) Texas refinery on 24 March‚ 2005 reiterated this and demonstrated the effect of an unethical approach to negotiation with the death of 15 contract workers. Ethical behaviour refers to the standards of conduct such as honesty‚ fairness‚ responsibility and trust. (Lewicki
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A. Owner as the lessor and the medical doctor who is the lessee are the most interested parties to this negotiation. Collaborative bargaining is built on the premise that both sides--the lessor and the lessee want to cooperate to achieve a satisfactory contract settlement. That means participants must first collaborate to establish agreed-upon ground rules and to set time limits for negotiation. This early cooperation helps to set the tone for interaction at the bargaining table. Typically‚ the collaborative
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Introduction – Situation Overview A recent persuasion encounter I experienced was in the work place setting. In my current role‚ as an account executive‚ I manage the partnership relationships. This encounter highlights the multifaceted dynamics that occur in everyday settings. The main issue involved my company trying to expand upon a current partnership to further develop and achieve revenue goals. I was faced with a situation that involved getting the two parties to come to an agreement. After
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Introduction In any negotiation process‚ there are always constraints involved and decision making process involves an analysis of the gains and tradeoffs one has to go through to reach the best optimal solution Decision making process is not just a psychological process as perceived by many but more of a game theory because both the bidder and the negotiator are faced by various constraints‚ which both have to develop a model with both constraints and targets and later iterate to obtain an optimum
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In the "Moms.com" negotiation‚ I played the role of a representative of an international multimedia corporation looking to perform a syndication sale of one of our top rated shows. The corporation had determined that one station in particular provided the best potential for the largest profit. It was my task to "get the best deal possible" with this station. I prepared for the negotiation by creating a spreadsheet‚ which allowed me to go over multiple package combinations until I found what I thought
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The creation of Sony Ericsson Mobile Communications Formal discussions were held between Ericsson and Sony in late 2000 with serious discussions in early 2001. Before the start of reorganising its operations the Ericsson handset division – DCP Division Consumer Products - employed close to 18‚000 people‚ or almost 20 per cent of total Ericsson employment. Between 6‚000 and 7‚000 were transferred to Flextronics. An estimated roughly 8‚000 were released and another 3‚500 were transferred to Sony-Ericsson
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Discount & Hawkins Negotiations 1. What are your goals for this upcoming meeting – what would constitute a successful outcome for you? The goal for the upcoming meeting is to have a win/win solution to the problem presented by clause 22 on the lease contract as presented by Discount to Hawkins. While there are certainly reasons for Hawkins to have concerns‚ there should be a way to allay those concerns. 2. How would you rate your bargaining “power” - high‚ medium‚ low? Is there anything you can
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Communication and Personality in Negotiation Paper Nicole L. Reynolds University of Phoenix MGT/445 – Carlos Campos January 10‚ 2011 Every new year is a new me right? Well that is how I think every year because I know I am going to get a raise‚ I am going to loose weight‚ I am going to make some changes. This is what we all like to think when that ball drops‚ what can I do to improve? I feel as if I have excelled at my job‚ I am lost in how I can challenge myself with a new year. With a new
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Win – Lose Outcome in Negotiations From my readings on negotiations‚ I’ve realized that‚ one way or another‚ we are always negotiating‚ because everything we need and want in life belongs to someone else. Therefore in order to get what we want‚ we have to negotiate to get it. After our negotiations‚ we may have a win – win outcome‚ where everyone is happy‚ or we may end up in a win - lose outcome‚ where one side is perceived as having done significantly better at the expense of the other side
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Negotiation Styles - Similarities and Differences between American and Japanese log – ESLSCA D39 Islam Helal‚ Alaa Allam‚ Magdy Ahmad‚ Mostafa El Showeikh‚ Ahmad Samir Abstract This log discusses similarities and differences in negotiation styles between Americans and Japanese based on the results of questionnaires administered to 96 students in the United States and 102 students in Japan. Both in negotiations with a family member or a friend and in a business context‚ universal factors and those
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