Section A: Case Study This section carries 50 marks. INSTRUCTIONS: ANSWER ALL QUESTIONS. WRITE YOUR ANSWERS IN THE BOOKLET PROVIDED. 1. Read the following case study carefully and answer the questions that follow. Case Study You are the lawyer for Audrey Lim‚ a training consultant. Last month‚ Ms Lim was involved in a car accident. As far as she is concerned‚ the traffic light was in her favour at the junction and she had the right of way. According
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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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Definition of Negotiation ( in Organizations) - Is the process in which two or more parties reach agreement on an issue even though they have different preferences regarding that issue. - A process in which two or more parties exchange goods and/ or services and attempt to agree on the exchange rate for them Types of Negotiation 1. Distributive Negotiation - Sometimes called positional or hard-bargaining negotiation; Also called Fixed-pie or win-lose - Negotiation that seeks to divide up
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1. What was your BATNA in this negotiation? What do you think were the BATNAs of the three other parties? • Mine: Urged all three departments to agree to utilize and give a rollout of an overall system that Jim Linehan suggested‚ including Executive Information System‚ in the eight months; the hardware and software deisn specifications and the accounting standards is uniform as an “open corporation”across Rosewell; I am in charge of the overall task force. • Helen Freeman: Set up an overall system
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TEN WAYS THAT CULTURE CAN AFFECT YOUR NEGOTIATION by Jeswald W. Salacuse Governance | September / October 2004 Share on emailEmail Share on twitterShare on Twitter Share on facebookPost to Facebook Share on linkedinShare on LinkedIn Share on deliciousSave to Delicious Share on instapaperSave to Instapaper When Enron was still – and only – a pipeline company‚ it lost a major contract in India because local authorities felt that it was pushing negotiations too fast. In fact‚ the loss of the contract
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HRM 595 Negotiation Skills Prof. Goldsmith 12/16/2012 Negotiation Paper In the realm of argumentation and debate many debaters negotiate their point of views in front of people all the time. Debates are basically distributive bargaining situations where debaters utilize selective presentation to try and win their arguments. This paper will define what a distributive bargaining situation is and secondly‚ this written discourse will define the technique of selective presentation. Furthermore
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hidden aspects of International Negotiations Nations have faced enormous increase in international negotiations from 20 years ago. In an increasingly globalized world‚ more businesses are trying to go beyond the borders. It is obvious that negotiations preceded all cosmopolitan commercial transactions such as a product sale‚ formation of a joint venture‚ merger or acquisitions of companies‚ or the licensing of the business to or from a foreign firm. Negotiations are unavoidable when an essential
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agreement)in the book‚we summarize and extend several practical issues about challenges in the process of crosscultural negotiating. Firstly‚ the most important issue in the negotiation process for negotiator is to decide to be established by contract or by relationship. From different culture dimension‚the way of negotiation varied a lot.For deal makers from some cultures‚the purpose of negoating is different among different parties‚and a signed contract plays a significant role.Also ‚there
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LOOKING FOR A WIN-WIN SITUATION This past weekend marks the largest contract signing in Major League Baseball history. On the 12th of February 2000‚ Ken Griffey Jr. (formerly of the Seattle Mariners)‚ signed a nine-year $116.5 million contract with his hometown Cincinnati Reds. The city’s fans were ecstatic to bring Griffey back‚ and considering he turned down an eight-year $148 million deal to re-sign with Seattle‚ they feel that the acquisition was a real bargain. It really is amazing when
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Personnel Issues in Public Service Pleasant Ridge Collective Bargaining Case Pleasant Ridge Collective Bargaining Case Many times‚ the process of collective bargaining agreement (CBA) negotiations is referred to as being “an art”. Although it is guided by various labor laws and there are multitudes of theories that claim to have established best practices in the field‚ every negotiation simply has too many unique variables to consider to ever be approached
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