Project of communication and negotiation in business Negotiation Introduction: Concept: The term ‘Negotiation’ actually means a discussion intended to produce an agreement. This discussion may encompass parties whose needs being different‚ come to an interface where they achieve a common solution. We certainly find examples of day-to-day negotiations whenever we are in dire need of buying articles and goods for maintaining our living. A negotiating party may as well be a consumer at one end
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Reflection Form Introduction The negotiation with the Island Queen Company progressed very well and achieved a good result. The fact that both parties were implementing an integrative collaborative strategy resulted in a very pleasant and beneficial negotiation for both parties. Even though the result was lower than our target‚ it was above our BATNA and resistance point and was deemed to please both parties and as our strategy was also heavily concerned with building a strong relationship with
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in this negotiation by not only focusing on the final price‚ but also on the extra agreement of letting Lama provided high quality work to our company. When we started the negotiation‚ I suggested us to divide the total price into two parts‚ the first one was Market Research fee‚ and the second one was the Lama-Lee’s charge. After some initial discussion‚ I realized the Market Research fee was hard to negotiate‚ so I planed to put most of my effort on Lama-Lee’s fee. My negotiation partner
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CHAPTER ONE The Nature of Negotiation 4-2 Introduction Negotiation is something that everyone does‚ almost daily 4-3 Negotiations Negotiations occur for several reasons: • To agree on how to share or divide a limited resource • To create something new that neither party could attain on his or her own • To resolve a problem or dispute between the parties 4-4 Approach to the Subject Most people think bargaining and negotiation mean the same thing; however‚ we will
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Assignment Sheet for Case Study: Negotiation - Porto This case is written by the authors of your textbook‚ Purchasing and Supply Chain Management‚ but may have been edited for our use in this course. This is a TEAM assignment. Read and discuss this mini-case and answer the 5 questions at the end of the case. In this manner‚ you will develop a negotiation plan for the buyer. The very best way to approach this team case is to work on all aspects (each question) of this case together. If you
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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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Ting-Toomey 2011 Face-Negotiation Theory: Research and Assessment Stella Ting-Toomey 2011 Face-Negotiation Theory: Research and Assessment Face-Negotiation Theory: Research and Assessment Roberta Beauty Redding University of Louisiana at Lafayette Professor Philip Auter CMCN 384 March 27‚ 2011 Face-Negotiation Theory: Research and Assessment Roberta Beauty Redding University of Louisiana at Lafayette Professor Philip Auter CMCN 384 March 27‚ 2011 Face-Negotiation Theory: Research and Assessment
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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 Process Article Analysis Organizational Negotiations MGT445 Negotiation Process Article Analysis The several negotiation strategies include collaboration‚ accommodation‚ competition‚ and avoidance (Lewicki‚ Saunders‚ & Barry‚ 2006). Depending on the situation‚ one strategy may be more effective than another strategy. Two such instances in which different negotiation strategies were applied are Negotiating New Vehicle Purchases (Craver‚ 2005) and Town Settles Mall Suit (The Daily
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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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