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Topics under negotiation skills
Topics under negotiation skills
Topics under negotiation skills
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Negotiation Negotiation is a discussion between two or more people with goal of reaching agreement on issues separating each party. This is also one of the important aspects of effective communication (Saner). Negotiation is also seen an art of persuading other person to consider your view or opinion. It also plays a major part in daily life whether it is professional or on a personal front. This has always been an area of improvisation all through my career as I lacked success in few instances to put my point and make others understand my perception. A good negotiator is someone who can develop variable styles to negotiation based on the occasion, relationship with the opposite party or the nature of conflict (Nankervis et al 2011, p 512). This skill will enable oneself to identify the situations thoroughly and act accordingly when things are related to emotions. There were times where I could not differentiate between what is right for me in that instance and gave more value to others emotions which have impacted my work deliverables. For example, there was a situation where one of the associate has approached me to share his load of work as he had to leave early on some personal work. I was already working on a task which might take longer complete in the stipulated timeframe but I failed to negotiate effectively regarding my load of work, instead I accepted his share of work too. However this has not impacted my career in negative way but not being able to negotiate well has definitely made me accept that extra load ultimately leading to stress at that moment. These kind of unpleasant circumstances talk volumes no matter what diminutive impact they have at that moment (Saner 2012, p. 88). Suc... ... middle of paper ... ...ess and mobilize the resources required to achieve both business and personal goals. Keeping this aspect in mind I am keen on applying the “Four steps to building a better Network” by Cross and Thomas (2011). Four steps to building a better Network: Analyse - The strategy begins with identifying the people around such as team members, colleagues and social associates and analysing benefits attained by interacting with them. De-layer - This step recommends scrutinizing the existing network and backing away from energy snapping and redundant relationships. Diversify - It is important to include energizers within our network and involve the right kind of people in order to achieve our goals. Capitalize - Finally it is essential to utilise network and contacts build up, in an effective and resourceful manner which benefits not only us but others as well.
Negotiations styles are scholastically recognized as being broken down into two general categories and those are distributive bargaining styles and integrative negotiation styles. Distributive bargaining styles of negotiation are understood to be a competitive type of negotiation. “Distributive bargaining, also known as positional bargaining, negotiating zero-sum, competitive negotiation, or win-lose negotiation, is a type or style of negotiation in which the parties compete for the distribution of a fixed amount of value” (Business Blog Reviews, 2011). This type of negotiation skill or style approach might be best represented in professional areas such as the stock market where there is a fixed goal in mind or even in a garage sale negotiation where the owner would have a specific value of which he/she would not go below. In contrast, an integrative negotiation approach/style is that of cooperative bargaining, or win-win types ...
Negotiation is a process of discussion aimed at conflict resolution in which two or more parties attempt to resolve the conflict (incompatible goals) in a process that is mutually agreeable. Though the concept seems easy to understand, it is difficult to implement in practical scenarios. There are various hurdles in negotiation process such as differing views on what is right and wrong, what is fair and just, differences among parties in expressing themselves, understanding each other’s communication and ultimately the procedure in which negotiations are conducted. In addition to these factors, negotiations are further complicated whenever people from different cultural backgrounds are involved.
Opposing interests, exchange of goods or service, and terms of agreements, are but a few reasons conflict can arise between parties. These controversies can stem from business or personal relationships, and be held in formal or informal settings, but all require some form of resolution in order to satisfy or assuage the parties involved. Negotiation, or bargaining, is a common method used to obtain resolution. A variety of strategies can be employed in this process, some with more favorable outcomes for both parties than others. A negotiation, often referred to as an art, involves both skill and science, and the use of both determines the process taken for the bargaining, as well as the outcome (Stoshikj,
We should all learn to negotiate even if we own a business or go to ride one . Every relationship is a continuous negotiation. Whether your relationship with your girlfriend , your siblings, your parents or boss , or friend of a lifetime, we always want to achieve something. Also when we ask something to the universe using the law of attraction.
People need communication skill in order to be able to express themselves effectively and be understood by the other party.
The Situation: I am trying to sell my 1998 Volkswagen Jetta GL so that I can put a down payment on a new Subaru I have already agreed to buy. In fact, I am supposed to go and pick up the new Subaru tomorrow morning. If I am unable to sell my Jetta by tomorrow, I will have to borrow the money for my down payment at prime plus 5% interest. Needless to say, I would like to sell the Jetta today for no less than $4,700, which is what I need to put a down payment on the Subaru. If I am unable to sell to the party I am negotiating with, the Subaru dealer said he would buy it for $4,400, but I think I can get more than that.
I believe that negotiation is about persuasion and not argument. To be persuasive, negotiators must be well prepared and having a goal in mind. Negotiators should plan their BATNA in advance. BATNA means the Best Alternative to a Negotiated Agreement. You should not expect success in negotiation unless you are able to make the side an offer they find more attractive than their own BATNA. [1] For instance, if I can establish a better offer, the other party may want to drop his offer and accepts mine. However, if the BATNA is worse than that offered by the other party, I would have to seriously consider accepting the other party’s offer after making an effort to improve its terms. Persuasion also comes with effective communication. The modern world today calls for a highly effective communicating skill in order to ace any negotiation. Effective communication includes not only the ability to communicate, but to listen and emphasize. These are very important in negotiating effective agreements. Communication is in our daily lives and is essential to build up good relationships within one another. A good relationship often holds mutual trust and understanding that boost the negotiators ability to influence. A negotiator who recognises the point of view from which the other party is working on is more likely to communicate persuasively, with almost no misunderstanding. To be persuasive, negotiators must make the offer attractive to the other party and emphasize those features of the offer that the other party is likely to find appealing. [2] This will influence the other party to have the urge of saying “yes” and will increase the likelihood that he or she...
To begin with, we understood the meaning of the term “negotiation” – it is a conversation between people/parties with an aim to reach some outcome: conclusion, decision, deal and etc.. Negotiation will not bring positive outcomes always, sometimes parties can stay with the own opinion without reaching some common point, thus we need to study this course and learn how to increase chances to negotiate successfully. “You always can learn and become a negotiator” – J. Mitts .
"Effective negotiation is not about conflict. It is not about deviance or dishonesty. It is not about posturing, or bullying, or threatening. Effective negotiation is about exhaustive preparation, utter clarity, heartfelt communication, and a sincere, demonstrated desire to fully understand not just your own needs, but the needs of the other party." Leigh Stienberg: Winning with Integrity.
During this course, I have learned a lot about negotiating. We learned about almost every negotiating technique there is. We learned about cross-cultural negotiations, body language, Best Alternative To a Negotiated Agreement (BATNA), variables in negotiating, and many more. Before this course, I did not know that much about negotiating. I thought that negotiating was just about trading or convincing someone to give you what you want and you did not care about the other side, resulting in a win-lose. I now know that negotiating is about getting what you want, but also giving the other side what they want as well to result in a win-win. This paper is about how I am going to improve my negotiating skills over the next six months. In order for me to improve my negotiating skills, I believe I need to improve the following skills- my body language, communication, planning, and my interpersonal communications. By improving those skills, I can become an effective negotiator.
The topic for my real world negotiation is to come to an agreement with my supervisor for a promotion as well as an increased salary. I currently work as a student assistant at the student services Planning, Enrollment Management, and Student Affairs (PEMSA) department. My goal is to increase my hourly pay from $10.15 to $12.70, a 25% increase. Having worked in this department for three years, I have taken on tasks not part of my job description such as processing return mail, data entry, and supervision.
This is one of the main factors because this shows you are not confident and which will lead to lose situation. Because having a second guessing or assumption which will show other party that you’re not on a steady decision or price. Don’t reduce your objectives for fear of asking too much; if they want to bring things down, they can do it themselves. I chose this because if you start negotiating within you will always make you feel uncomfortable and it will give and advantage to the opposite party because we are not sure or stable on our decision.
Firstly, negotiation is a most commonly used way in dispute resolution and is carried out in many forms. During negotiation, the parties themselves attempt to seal with disputes by using a various of techniques from concession and compromise to coerce and confront.
in personal life and professional life is a vital life skill to possess at one’s arsenal. The critical
Finally, the addition of parties makes the gathering and sharing of information much more difficult. Negotiations need to be flexible enough to allow new information into a discussion. However, by increasing the size of a group, the amount of new information grows. This makes is challenging to develop creative alternates to solutions and meet participate objectives.