“The slugger’s come home” is an explicative and demonstrative video that represents an example of a negotiation process. It shows, from a baseball theme example, how does negotiation between 2 parties may work. While the video shows us the perspective of both parties, it also gives us some extra information about negotiation process.…
Me and our team worked on an exercise called Pemberton’s Dilemma. In preparation, I was initially confused with scenario of the Pemberton's dilemma. I took the book of Negotiation: Readings, Exercises and cases and read in detail regarding the exercise. I waited for the professor to provide the team and the role whether our team were country market or corner store. I also Read the instruction given in the handout’s for the exercise were we note our profit’s or loses and which also had the objective of the exercise.…
Assume the following game is played one time only. Based on the information in the payoff matrix, PNC Bank and Citizens Bank are considering an implicit collusive agreement on interest rates. Payoffs to the two firms are represented in terms of profits in thousands of dollars:…
Summary: This was a multiparty negotiation, which involved 6 players all with very different negotiation styles. It was an exercise in which teams easily form a coalition. There were concessions about the value added each team would bring to the “table”, and my team in a situation of power saw how negatively the other teams reacted in name of fairness and how important was to share the pie.…
Written report on Tegrity Video – Artful Negotiating by Herb Cohen with three negotiation topics referenced from textbook – Negotiation / Roy J. Lewicki, Bruce Barry, David M. Saunders - 6th edition.…
6. You, a real-estate developer, own a piece of land in Nassau, Bahamas, next to an equal-size piece of land owned by a competitor. Both of you have the choice of building a casino or a hotel. Your payoffs are as follows:…
Lewicki, R., Barry, B., & Saunders, D. (2006). Essentials of Negotiation, 4th edition. McGraw-Hill. Learning Solutions. New York, NY. Retrieved from http://digitalbookshelf.argosy.edu/…
Abstract For the purpose of this assignment, the names and location of interest have been changed. Let the name Partner-D be used in the place of DeEsta Crenshaw, Partner-W represents the ex-business partner, Candyland, USA represents the area of interest, and all other names have been altered to protect the innocent.…
Whether or not we are aware of it, each of us is faced with an abundance of conflict each and every day. From the division of chores within a household, to asking one's boss for a raise, we've all learned the basic skills of negotiation. A national bestseller, Getting to Yes, introduces the method of principled negotiation, a form of alternative dispute resolutions as opposed to the common method of positional bargaining. Within the book, four basic elements of principled negotiation are stressed; separate the people from the problem, focus on interests instead of positions, invest options for mutual gain, and insist on using objective criteria. Following this section of the book are suggestions for problems that may occur and finally a conclusion. In this journal entry I will be taking a closer look at each of the elements, and critically analyse the content; ultimately, I aim to briefly bring forth the pros and cons of Getting to Yes.…
The Prisoner’s Dilemma is a mathematical game theory that refers to a game in which the payoff from playing the dominant strategy is not the highest payoff possible and illustrates how self-interest can lead rational individuals and companies to pursue a course leading to mutual self-destruction, even when that destruction is foreseeable or in the case of companies certain decisions could have financial impact for better or worse. It seems that the Prisoner’s Dilemma impacts the many small decisions we consider making. The dilemma provides the logical framework for many situations we face every day in real life. Whether we're competitors conducting business, spouses negotiating understandings our choices are reflected by the prisoner dilemma’s model.…
Wilson, S. R. 1992. Face and framework in negotiation. In Communication and negotiation, edited by L.L. Putnam and M.E. Roloff, 176-205. Newbury Park, CA: Sage…
The first “go to” form of conflict resolution in negotiation. “Negotiation is bargaining- the process of discussion and give-and-take between two or more disputants, who seek to find a solution to a common problem” (The Conflict Resolution, 1999-2007). For simple problems negotiation is the key. “A negotiation will end in one of four possible outcomes: lose-lose, win-lose, win-win, or no outcome (no consequences, negative or positive). In most situations, the ideal outcome is win-win”(Stark, 2003). When a team gets together to discuss the positive and negative points of the conflict, a negotiation can be reached. “Negotiating well means neither party need feel cheated, manipulated, or taken advantage of”(Goodman, 1991-2008). This strategy should make everyone involved feel at ease with the situation as well as the outcome. With the outcome to the liking of all involved a team will work better together then if one person…
The overall message was to remain calm, structure the discussion in ways that you can win. There is no win-win in a negotiation. Someone must be on the losing side, even if they think they are not. We must stay ahead of the other person, and consider the outcomes that are possible. The traps that come with overthinking negotiation must be avoided at all costs. We must identify the errors in the process prior to entering into any negotiating. We must use descriptive models and anticipate every move in order to be…
Plus, in distributive bargaining, each party tries to secure the most benefit for themselves, without regard for the other side's outcome. The win-lose is all about perception of what you getting out of it and what you losing or able to lose so you might think you won a deal. For example, when customers want to party with his friend and want to pay for a table at the most expensive location, when he calls for reservation manager from the club tell him that having a table at this location is the best for him and friend so he can save time being on the line he can party and have access to the all club and he can enjoy the night, but that has a price and it is always expensive when you compare to the price manager buy they bottles at a convenient store. The customers think he has won a good deal in perception but in reality he is losing money. If the buyer feels that he got a good deal, he "won." If he walks away feeling like he paid too much money for that car, he "lost." The customers can leave and feel that he won.…
Money is a priority for both parties, which is obtained through good performing accounts assigned to their teams. Marilyn wants viable accounts work 5 billion dollars as directed by her VP Joe. Len, wants to keep the big, established accounts within his team and transfer smaller, less developed accounts to Marilyn’s team so that his team can keep the larger commissions and be a more profitable team within the company.…