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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Gaming in Shanghai By: Dr. Bob March Published in Dr Bob March’s book "Chinese Negotiator" Overview HyperHawk‚ one of the world’s major providers of global supply management software and services‚ helps companies reduce costs through efficient product and services sourcing. It has handled more than $50 billion worth of products and services in the oil and gas‚ other natural resources‚ retail‚ transport‚ finance‚ and industrial sectors for customers including General Motors‚ Nestlé‚ Shell‚ Japan
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Jewels Equipment Manufactures 1. a. In negotiation with condor‚ what is Jewels BATNA? A. Jewels BATNA in this case is to buy Z1 CPU from Beta‚ because Z1 are more effective than Z2 and they will save $5 per unit so the total cost of this Z1 units at the end instead of being $38 will be $33. This is $2 dollars cheaper than buying Z2 at $35 per unit. b. In negotiation with condor‚ what is Jewel’s reservation price‚ i.e.‚ the most it will pay for Condor’s Z2 CPU? B. Their reservation price should
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compensation. Tina believes she has rights as an employee not to be discriminated against because she feels she is being singled out when it comes to rudeness with customers. Joe could improve this situation by using an interest based or integrative negotiation approach. Tina stated that she was having family problems‚ but would not go into any details. Joe could have gently persuaded her to give some information in order to determine if indeed there was an underlying cause to her rudeness and anger
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Formation of Reputation During Negotiation In preparing for negotiation‚ the key is to identify the other person’s potential sources of power‚ which can come from knowledge‚ competition‚ performance and reputation” (Braff 1996). Reputation of a negotiator is significant; it remains one of the most under researched aspects of the negotiation process. Reputation is important in negotiation because it helps the other party predict moves of opponent. The concept of trust can play a critical role
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Introduction Business negotiation is a lengthly‚ difficult process in itself‚ and becomes extremely intricate when cultural aspects are involved. However‚ cross cultural business negotiation is an unavoidable part of international business today‚ so learning more about the process is an important undertalking. When two negotiating parties from different cultural backgrounds attempt to communicate‚ the potential forr disagreement and misunderstanding is great. The Chinese are generally recognised
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Every person will eventually have made a negotiation within their lifetime‚ whether it be at home or at work. It is crucial to know and understand the processes of negotiation‚ especially in today’s aggressive market. A negotiation can be made while shopping‚ at work‚ and at home with a family member. In this paper two articles dealing with a negotiation will be analyzed‚ then contrast the two strategies of negotiation that were used in the articles. Last but not least an example of how the two strategies
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Negotiation Skills Self Assessment By John Doe Executive Summary My time in the negotiation skills workshop was very humbling. Before the workshop began my negotiation ability was one of the business skills I knew needed the most improvement. When going into negotiations at work‚ prior to the course‚ the only thing I knew was that I wanted a lower price then I was given. What actually surprised me most what that I did actually have some effective negotiating strategies but I was correct
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Running Head: NEGOTIATION STRATEGY ARTICLE ANALYSIS Negotiation Strategy Article Analysis Nathan Casteel University of Phoenix MGT/445 Dr. Sylvester Fadal November 12‚ 2010 Negotiation Strategy Article Analysis Negotiation can be described as the bargain at the individual or collective level to gain the advantages and opportunities by satisfying the other parties and solving their issues and problems (Maiese‚ 2003). In the negotiation process the parties don’t’ get to be personal
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Negotiation Strategy Article Analysis Leisha Clark MGT/445 October 13‚ 2010 Dr. Michael Taku Negotiation Strategy Article Analysis Using the Internet the author of this paper will find two articles that describe a negotiation situation that employs different negotiation strategies. The negotiation processes used in the selected articles will be described. The two strategies will be compared and contrasted and how they may apply in the work setting. Negotiation Articles
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