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Reflection on negotiation
The negotiation process
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Introduction:
What is Negotiation?
Negotiation is a process in which two individuals or two parties strive to arrive on problems and issue of actions, where there is a conflict in ideas, values, and goals. The primary motive of negotiator is to build credibility. Negotiators often negotiate by shared interests, learning the opposing position and share the information that might persuade the “counterpart” to agree on a agreement that benefit either individual or both the counterparts.
Failures occur in negotiation by not having the clear objective, misunderstanding and the defining the both parties. Decisions should be implemented by forecasting the reasoning of the participants.
What is Leadership?
Leadership as the word defines, it’s a trait
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As reported, it took President Obama and his administration 18 months to come to an agreement with Cuban officials. In fact not all the agreements are publicly negotiated.
Five key take learning that leaders can learn in the process of back stage engagement from the relationship of America with Quba.
Decide on the Negotiator, Defender, Debater:
Diplomatic talks are usually performed by, you guessed it, diplomats. As the The Washington Post reports, "On both sides, the governments decided to forgo traditional diplomatic channels and place the talks on the level of presidential administration to presidential administration." President Obama chose to talk from one administration to the other to avoid confusion and speed the negotiation process along. By reducing the number of people involved in the talks, the process was shortened.
Learning for leaders: When trying to win over back stage engagements, it need not pay you customized and traditional negotiation process.
Determine the negotiation environment
President Obama and Cuban officials met in Canada--neutral ground--for the first round of talks. Later, President Obama asked Pope Francis to assist in the negotiation process, and he "opened up the Vatican" for talks as well as penned letters to both
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Ola works with drivers, and owners of cabs, whereas Meru has its own cabs where it hires drives for the ride. But the same is different with Uber.
Uber and Ola want to capture the market of cabs where they want to create a platform for operators, owners and drivers. TaxiForSure was seen as an important and lucrative buy also because it works with taxi an operator, with this deal, Ola gets connected to all of TaxiForSure's cab operators.
Key Takeaway’s
• Attain a better understanding of negotiation techniques and decision making strategies.
• Execute and evaluate personal strengths and tendencies in face of conflicts and manage your emotions to become a effective negotiator.
• Manipulative techniques used by various CEO’s and leaders are to be analyzed along with strategies to neutralize them.
• Learn and discover a methodology how to win the counterpart.
• Be prepared and be ready for negotiation. Negotiation process should never be taken as personal affairs.
• Be supportive and get support to organization. There should be someone backing you up if you
Lewicki, J. R., Barry, B., & Saunders, M. D. (2011). Essentials of negotiation (5th ed.). New
Communication skills are important in professional negotiations and in personal life. This book discusses why we find some dialogue difficult, why we avoid it, and why we often address it ineffectively. Most important, the authors suggest methods for more effective, productive, and rewarding, interaction.
Lewicki, J. R., Barry, B., & Saunders, M. D. (2011). Essentials of negotiation (5th ed.). New York, NY: McGraw Hill. ISBN-13: 9780073530369
In The Possibility Of Negotiations and Dialogue chapter, Zamora states about the most successful talks between the United Stated and Cuba. The first was that the President John F. Kennedy accepted responsibility for the Bay of Pigs Invasion and negotiation finally led to the release of the Bay of Pigs Invaders (Zamora 96).
Lewicki, R., Saunders, D.M., Barry B., (2010) Negotiation: Readings, Exercises, and Cases. 6th Ed. McGraw-Hill Irwin. New York, NY
McCarthy, A. (n.d.). 10 rules of negotiation. Negotiation Skills. Retrieved March 31, 2014, from http://www.negotiation-skills.org
Negotiations are supposed to begin in a positive way in which the negotiators consider the needs and wants of the others involved and their shared interests and interdependencies.... ... middle of paper ... ... References Michael R. Carrell, C. H. (2008). Negotiating Essentials: Theory, Skills, and Practice.
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.
Lewicki, R. J., Saunders, D. M., & Barry, B. (2010). Negotiation: Readings, exercises, and cases. New York: McGraw-Hill Irwin
...an agreement, in which the superior may have a final say in the matter, this too can be detrimental to the business because it only serves to lower the morale of the manager, and confidence in the work he or she is trying to achieve. Secondly the attitudes of the negotiators can greatly affect the outcome. For example, if one negotiator has a competitive behaviour rather than a cooperative behaviour then it will most likely make the other negotiator adopt a more competitive attitude and thus decrease the likelihood of inducing counteroffers that can lead to an agreement (Fisher, Fredrickson & Peffer 2000). Negotiations can also cause those involved who disagree in significant and irreconcilable ways to accentuate those differences (Hilton 1994).
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 is the process enacted by two or more parties, to resolve a difference and ideally create a solution benefiting all involved parties. Negotiation is all about knowledge, strategies, your preferred stance taken in the process, how much concession you can afford to yield, and what your ultimate goal is. Is your goal to take all the share and value of the available resources? Or are you the kind of person/company that is willing to take the extra mile to create equal value for both parties, ultimately adding value to the relationship? The process will always depend on the company, each team players' personality, trust and situation. A good negotiator will study their opponent, gain all knowledge needed and be able to adapt to the nature of the deal in short notice. We use the method of negotiation to solve problems and disputes taking place in business, government, between countries, and even in our day-to-day life, such as marriage and divorce, parenting and family.
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.