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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---------------------------------------------------------------------------- 7 Communication Problem/Issue Identification Effective communication strategies and a well thought out plan of attack are essential elements to any negotiation. Incorporating these two elements will significantly improve the chances of the negotiation ending in favor of the terms sought. Alas‚ in this day in age negotiators are finding themselves too busy to devote the necessary time to ensure proper preparation of the basics causing results to
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Communication and Personality in Negotiation Nathaniel Bolton University of Phoenix MGT/445 Dr. Amber Bass August 11‚ 2009 Communication and Personality in Negotiation Everybody negotiates on a regular basis. People negotiate at work‚ at home‚ with friends‚ family‚ and coworkers. According to Answers.com (2008)‚ “Negotiation is the process of two individuals or groups reaching joint agreement about differing needs or ideas” (para.19). Oftentimes people negotiate and are unaware they
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| What’s in a Name? | Major Negotiation Case Based Exercise | | MGX5630Principles of negotiation | | | I will tell you the mistake you are always making. . . . You draw up your plans the day before the battle‚ when you do not yet know your adversary’s movements‚ or what positions you will have to occupy. NAPOLEON BONAPARTE FRENCH EMPEROR AND GENERAL This negotiation role-play case analysis was performed during on campus classes held at Monash University on Friday 24th Feb
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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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taught us that negotiation is the “consensual bargaining process in which the parties attempt to reach agreement on a disputed or potentially disputed matter” (CONR 605). The essential attributes of a successful negotiation include the use of bargaining tactics by the parties and a relatively equal amount of power for each of the parties. These aspects do not fit the relationship between couples suffering from domestic violence since the abuser already holds the power. Negotiation will not change
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Negotiation Simulation Name: Chen Yi-Ying Student Number: 100016622 Programme: Management Before negotiation‚ there are many things the negotiators need to consider and prepare. In this article‚ it will be divided into nine areas. (Francis‚ C.‚ 2007) 1) Determine your goals. Negotiators have to set a goal for the issue before executing negotiation process. The goal would be the supports for the arguments that the negotiator made and the guide which help the negotiator to achieve an agreement
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