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Strength and weakness of negotiation strategy
Negotiation skill case study
Negotiation skill case study
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Recommended: Strength and weakness of negotiation strategy
Negotiations happen more often than most would think, in fact, every person negotiates every day. Yet, the reason most people do not recognize their actions as negotiation has to do with their perception of it. As this paper outlines, there is a situation where I have not received a pay raise that I believe is due, even though I have talked with my supervisor four different times. Yet, as this paper reveals, the lack of raise can actually be attributed to a lack of proper negotiation in the past. Here we will look at a proper view of negotiating a pay raise using the Principled Negotiation technique. The first step in any negotiation actually happens before the two or more parties sit down to discuss the matter at hand. Preparation is key …show more content…
Not to actually be included in the spoken negotiations are definitions of the four principles. Yet, these will be helpful in remembering why that point is important to the overall negotiation and conversation. The first principle of a negotiation is separating the people from the problem. The humans gathered around the table are not the problem, the people sitting in the corner office are not what affects me to the point of calling a meeting. It is easy to let the emotions and personal aspects of the situation cloud out the actual problem. Hence removing how I feel about the situation and the unfulfilled promises of the past years creates a clear table to discuss the actual issue I defined …show more content…
Within each of the four principles, people, interests, options, and criteria, it allows the negotiating parties the opportunity to create another level playing field and start fresh. The stance of starting and ending with a position might as well be an email to the boss with a yes or no checkmark at the end as it does not provide flexibility. Yet, Principled Negotiation creates an emotion and ego-free space for refinement and customization resulting in a mutually beneficial agreement for both
Lewicki, J. R., Barry, B., & Saunders, M. D. (2010). Negotiation: Readings, exercises and cases
Fisher, Roger, William Ury, and Bruce Patton. Getting to yes: negotiating agreement without giving in. 2nd ed. New York, N.Y.: Penguin Books, 1991. Print.
Lewicki, J. R., Barry, B., & Saunders, M. D. (2011). Essentials of negotiation (5th ed.). New York, NY: McGraw Hill. ISBN-13: 9780073530369
Lewicki, R., Saunders, D.M., Barry B., (2010) Negotiation: Readings, Exercises, and Cases. 6th Ed. McGraw-Hill Irwin. New York, NY
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 ...
Most of the common activities in our daily life present an opportunity to negotiate, whether or not we realise it. Meta-reflecting upon my negotiation experiences during the class and other activities have led me to identify few common themes. In this assignment, the two themes I will be discussing are (1) the importance of being clear on the strategic intent and big picture thinking, and (2) the importance of managing the negotiation process through understanding the various phases and visualising negotiation as a train journey.
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.
Lewicki, R. J., Barry, B., & Saunders, D. M. (2007). Essentials of Negotiation. New York: McGraw-Hill/ Irwin.
In conclusion, the theory of principled negotiation is very impressive, although it at times seems to be simplistic and meant for an ideal world. Nevertheless, it allows all sides of the conflict to be examined through the broadening of options. It allows disputants to maintain any relationship that they had before the conflict and negotiation. Overall, principled negotiation is meant to lead to satisfactory results for both sides, creating a win-win situation for all.
...s in stone. Rather, I will work towards a beneficial compensation package, if not a pay increase, then perhaps a higher title with concessions. The outcome of this negotiation should leave both sides satisfied. I will also research the department’s policy on compensation as well as reviewing my job description. Both of these are attainable in the Human Resources department. Furthermore, I will check websites that have listing of salaries and job descriptions to make sure my compensation is commensurate with my work. The scholarly article I will use to help plan out my tactics in my negotiation is “Dealcrafting: The Substance of Three-Dimensional Negotiations by David A. Lax, and James K. Sebenius”. This article explains that our understanding of negotiations are one dimensional. However, this new approach for a three dimensional negotiation can work in my favor.
Lewicki, R. J., Saunders, D. M., & Barry, B. (2010). Negotiation: Readings, exercises, and cases. New York: McGraw-Hill Irwin
...ible concessions. If the opening offer is set too low, the opposing party may be quick to accept our offer, but the winning negotiator would be left with a feeling of discomfort, called the winner’s curse, as he or she ponders on the fact that they could have made a better negotiation (Lewicki, 2011, pp. 127). This is one of the things that no negotiator can avoid, as it sets the whole negotiation into motion. The opening offer is a risk that all negotiators face when they do negotiations. They have to be able to perceive what to initially offer to the opposing party to be able to come in terms with them, and eventually work their way to a desired win-win situation. As nobody can read the minds of the opposing party, all negotiators can only anticipate on what the opposing party want, and that is a risk that all negotiators have to take when they make negotiations.
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 approaches are generally described as either distributive or integrative. At the heart of each strategy is a measurement of conflict between each party’s desired outcomes. Consider the following situation. Chris, an entrepreneur, is starting a new business that will occupy most of his free time for the near future. Living in a fancy new development, Chris is concerned that his new business will prevent him from taking care of his lawn, which has strict requirements under neighborhood rules. Not wanted to upset his neighbors, Chris decides to hire Matt to cut his grass.
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.