Running Head: INTRODUCTION TO NEGOTIATION Introduction to Negotiation Module 1 – Case NCM512 TUI University Most people tend to take on a competitive approach to negotiation. They see everything as a win/lose situation. This unilateral strategy usually results in achieving unfavorable results. This way of thinking tends to vitiate the likelihood of serving long-term interest of the winner‚ even if the short term objectives are achieved. The solution to this is to change our way of
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Negotiation Journal 1. What were your top 3 learning’s gained from the class? 2. What did you learn about yourself in the negotiation exercises? 3. What tactics were useful in the negotiation exercises? For you and the other party? 4. How did preparation affect the outcome of the negotiation exercises? 5. What was the impact of hearing other solutions on your own level of satisfaction? Did you feel better or worse about your negotiation? Why? 6. What did you learn from the
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Principled negotiation Principled negotiation is a problem solving‚ win/win approach to negotiation primarily developed by Roger Fisher‚ William Ury and Bruce Patton as a part of the Harvard Negotiation Project at Harvard University . Principled negotiation attempts to advantage all parties by providing a method of negotiation that involves thinking creatively to generate as many options as possible that will satisfy both parties. This is different to a win/lose (or zero sum) approach in which one
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in Negotiation Power at the bargaining table is rarely distributed evenly. Power can shift from one side to the other in response to changing circumstances as people negotiate. In fact‚ the word power has somehow come to be associated with a negative connotation. This is because most people would understand the word in reference to one side dominating or overpowering the other. However‚ “negotiating power” is simply defined as the ability to influence others. Understanding how negotiation power works
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Negotiation Learning Journal 1. Facts: Provide a brief overview of key events (How was the time allocated? Offers: opening-offer and counter-offer‚ as well as progression of offers? How was information exchanged? Were there pivotal turning points?) Since I’m the one who is selling the service station‚ so I suggest that I make the first offer. First offer I made was $1‚000‚000 because my target is $800‚000 and also I told her the reasons why I think the station is worth that amount of money
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The collaborative negotiation A collaborative negotiation is where parties desire‚ and work towards achieving‚ a mutually beneficial outcome. In some cases this can mean reaching a “win/win” result. In a collaborative negotiation there is a greater focus on the genuine interests of the parties‚ rather than posturing or point scoring. In a collaborative negotiation‚ the parties will better understand each other’s interests. For example‚ A computer distributor approaches a Chinese supplier to tender
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Post-Negotiation Analysis For The Paradise Project In this case‚ I was playing the role of chief project manager of the Paradise Project‚ and I was negotiating with my Manager of Artistic Design (Angel) and Manager of Client Contracts and Customer Relations (Elion) in order to resolve the conflict between each of them. Overall‚ I was satisfied with the final agreement‚ which paid 3‚000 more pesos to Angel and ensured that he would change the color of the tiles and finish the job before the deadline
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6760657 BUSINESS NEGOTIATION ‘‘Negotiation is a process of interaction by which two or more parties who consider they need to be jointly involved in an outcome‚ but who initially have different objectives‚ seek by the use of argument and persuasion to resolve their differences in order to achieve a mutually acceptable solution’’. (Fowler‚ 1999) Any negotiation process has various stages. The example explained below covers every of this stages within the negotiation process. It also shows
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------------------------------------------------- → Papers must answer each of the following questions. 1. Explain what the video was about. The video is an informative/educative session that walks us through the DOs and DON’Ts of negotiation. Negotiation is an art that involves preparation‚ bargaining & settlement. Negotiation is all about striking a deal that benefits both the parties. One should be of the opinion that he/she needs to get the bigger portion of the pie and leave the other party in a loss situation. A deal
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Negotiation with the Families Contents Introduction 2 Summary 2 Analysis 4 Business Case 6 Appendix 1: Literary Piece 8 Introduction We have chosen an excerpt from The Godfather by Mario Puzo as our literary piece of choice to examine the conflict portrayed in it. The way Don Corleone convinced the heads of mafia families to allow his son to live safely on American soil in exchange for his permission to carry out drug trading is a masterpiece in negotiation. We have included
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