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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GSM 470 Negotiation and Conflict Management Workshop Section A Instructor: Office: Deborah M. Kolb‚ Ph.D. 3rd Floor‚ 411 Commonwealth Avenue Contact Information: 521-3871 (telephone) kolb@simmons.edu Office Hours: Thursday: 3:00-5:00 and by appointment Negotiation and conflict resolution are becoming more important in organizations today. In the past‚ you probably would use negotiation and conflict resolution skills only if your job entailed formal dealings with unions‚ suppliers‚ and customers
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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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conditions under which he would do so were complex: OAF was just two years old. This would be its first large acquisition of fertilizer. Postigo had five potential suppliers‚ none of whom he had ever met face-to-face and would not during these negotiations. Over a period of several weeks‚ Postigo leveraged his knowledge of the relationship-oriented Kenyan culture‚ his sensitivity to the fact that the product he was buying was a commodity‚ the growth strategy of his NGO‚ and his awareness of the Kenyan
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Q.1. Who are the parties in the Frasier negotiation‚ what are their interests? How can the various parties influence the negotiation process and its outcome? Answer: The parties in the Frasier negotiation are the National Broadcasting Company (NBC) and Paramount‚ the owner of the show. While the National Broadcasting Company (NBC) wants to pay under $5 million in order to make a profit on the show‚ Paramount seemed to be demanding $ 6 million per episode. Paramount came down to $5.5 million later
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The article starts off with the example of the negotiation between an European firm and an U.S firm‚ wherein‚ Chris‚ an employee of the US firm negotiated it to success. The US firm wanted exclusivity of the ingredient supplied by the other firm and even if they were being offered a price higher than the initial $18 a pound and a guaranteed minimum order of 1 million pounds annually ‚the European firm was not budging. Chris‚ then investigated and found the reason that the supplier of the European
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Google Stock. The deal closed in November 2006. I take up the negotiations from Friday October 9th 2006‚ with Google in talks to acquire YouTube after bidding 1.65Bn for it. Google will pay YouTube in Google stock which means that the owners could have a lot more than the $1.65bn in a few years time if Google continues to grow. YouTube investors Sequoia are rumoured to take $480M of this stock portfolio. Google claim that if negotiations are successful and the acquisition goes through‚ "YouTube will
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Business Negotiations Summary of My negotiation from the Opera-case and how I think it was different from other cases The Opera case was a case about relationship and reputation‚ it made the negotiation a little bit different. We discussed the case in a more open way and were really honest to each other‚ we also applied many of the things we had learnt from the book and classes. When I compared with other cases I could see how we negotiated in a less stressful way and did focus on the problem
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CONVERSATION OF NEGOTIATION AT MATTA FAIR Promoter : Good morning sir! Welcome to our booth. May I help you? Me : Good morning. I was searching for my vacation at Sarawak. Do you have any good package for me? Promoter : Of course we have sir. This is the list that we offer through out this year. When you plan to go to vacation? Me : Oh‚ I would prefer in June. Do you have any good package? Promoter : Lucky for you sir! In June we have very good package. During that month they will
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