Negotiation Strategy Analysis MGT445 September 6‚ 2010 Jeni Mixon Negotiation Strategy Analysis In many interactions throughout life‚ there comes the need to negotiate. Negotiation comes in many forms and fashions. Often when there is an issue‚ when there is a purchase‚ when a person has a need‚ when we have a want and many other instances can require the use of negotiation to achieve the desired outcome. In the world of business‚ negotiations are a staple of every interaction. Depending
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For The Bullard Houses negotiation I was assumed the role of the buyer’s representative. Upon reading the case for the first time‚ I knew it would be very challenging to negotiate with the seller when I was instructed not to reveal the intended use of the site I was looking to purchase. I prepared by making a list of what I had to keep in mind not to mention as well as the points I wanted to stay within. I had a resistance point of twenty four million and an alternative offer of twenty million‚ therefore
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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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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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Describe & analyze how the influence of culture played a role in the negotiations The Affordable Care Act is designed to expand insurance coverage‚ control costs‚ and target prevention (Gable‚ 2011). The government is targeting adults aged 19-64‚ since their access to health care and use of health services deteriorated between 2000 and 2010‚ particularly among those who were uninsured (Kenney‚ McMorrow‚ Zuckerman‚ & Goin‚ 2012). The goal is to reduce the number of uninsured adults through a Medicaid
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Negotiation Conflict Styles by Calum Coburn Five Negotiation Styles When to use? What’s the Danger? Self Defense Compete (I win - You lose) (aggressive) - Need to get results quickly. - Not to family or friends “More interested in "winning" rather than reaching an agreement.” - Overpowering relationships “Don’t Cave In!” Accommodate (I Lose - You Win) “The opposite of competing” - When you or your company are at fault - Repairing relationships - Generosity as a sign of weaknesses
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Negotiation Strategy Article Analysis Negotiation Strategy Article Analysis The first article is retrieved from Bloomberg.com "Saudi Oil Tanker Owners in Negotiations with Pirates" where the Saudi Arabian supertanker hijacked off the coast of Somalia. The supertanker belongs to Saudi Arabia ’s state-owned shipping line‚ Vela International Marine Ltd. The negotiation is between the pirates that have captured the Sirius Star and the owners of the Saudi Arabian supertanker. The pirates have the
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Integrative and Distributive Bargaining Whether a negotiation involves working together toward a goal or working against one another to win‚ each party must use a strategy to reach a solution. The differences of distributive bargaining and integrative bargaining are parallel. The ways in which one method is competitive and the other is cooperative is described and related to a well-known case involving basketball player Juwan Howard. Distributive Bargaining In a competitive bargaining situation
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discussed in the negotiation. a. An analysis of all the possible issues that need to be decided. b. Previous experience in similar negotiations. c. Research conducted to gather information. d. Consultation with experts in that industry (real estate agents‚ mortgage lenders‚ attorneys‚ accountants‚ or friends who have bought a house recently)‚ 2. Assembling the issues and Defining the bargaining mix. The combination of lists from each side in the negotiation determines the bargaining
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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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