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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 ...
Good preparation allows you to strategize with the ability to think quickly in the negotiation room. There are several different formats and styles of negotiations. The use of a certain style depends on elements such as the strength of the relationship, the urgency of the situation, the intricacy of the issues, and the content of the negotiation. Each format and style has its own strengths and weaknesses and can be strategically used in various types of situations. As mentioned, the preparation of a successful negation is necessary, especially concerning your BATNA. We have been able to explore such preparation and methods by participating and conducting negotiations with our peers. The following negotiation studies proved to have their own dynamic, thus accounting for a different preparation and negotiation tactic for each.
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.
Negotiating styles are grouped into five types; Competing, Collaborating, Comprising, Avoidance, and Accommodating (Colburn, 2010). Even though it is possible to exhibit different parts of the five types of negation styles in different situations, can see that my tendencies seem to default to, Compromise and Accommodating. In reviewing the course work and reviewing my answers for Questionnaire 1 and 5, I find that the data reflects the same assumption. The accommodating profile is one where relationship perseveration is everything and giving what the other side wants is the route to winning people over. Accommodators are well liked by their colleagues and opposite party negotiators (Colburn, 2010). When analyzing my accommodating tenancy in negations, I find often it is easier to give into the demands when they are within a reasonable range. I often consider it the part of providing a high level of customer service. It has been my experience that continued delaying and not coming to an agreement in a topic will only shorten the window in which you will have to meet the request since. The cons to this style are by accommodating highly competitive styles the accommodator can give up to much ground in the process. “Giving away value too easily too early can signal to your negotiation counterpart that you've very deep pockets, and your gift is just a taster of bigger and better gifts to come”. The other negations type I default to is compromising. Compromising “often involves splitting the difference; usually resulting in an end position of about half way between both parties’ opening positions” (Colburn, 2010). In the absence of a good rationale or balanced exchanged concessions, half way betwee...
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.
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,
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.
People need communication skill in order to be able to express themselves effectively and be understood by the other party.
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...
Does every thing in life revolve around negotiating? Your relationship with family, friends, significant other, school, church, work, does every thing have to be a negotiated? I feel the answer is of course "Yes." I want to feel I get value for what I’m spending, whether it is time, talent or money. As the payer I want the price to drop and you as the payee want the price to go up and get as much as you can. We both want to have a sense of achievement or movement. Reaching a deal reached between us is negotiating. Sounds easy doesn’t it. But the reality is that every negotiation is stressful and takes its toll on us.
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.
Negotiation has been used as a vital communication tool not only in business but also in social intercourse. It helps people make common agreement and avoid conflict. So we need to use the tactics which we learned from this course and books to do more practice, only in this way we can gain advantages in negotiation.
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