Case Study: BP Texas Refinery Introduction According to Lewicki‚ Saunders & Minton (2003)‚ adopting an unethical approach to negotiation in business can have serious consequences. A recent explosion at the British Petroleum (BP) Texas refinery on 24 March‚ 2005 reiterated this and demonstrated the effect of an unethical approach to negotiation with the death of 15 contract workers. Ethical behaviour refers to the standards of conduct such as honesty‚ fairness‚ responsibility and trust. (Lewicki
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Formation of Reputation During Negotiation In preparing for negotiation‚ the key is to identify the other person’s potential sources of power‚ which can come from knowledge‚ competition‚ performance and reputation” (Braff 1996). Reputation of a negotiator is significant; it remains one of the most under researched aspects of the negotiation process. Reputation is important in negotiation because it helps the other party predict moves of opponent. The concept of trust can play a critical role
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Negotiation Simulation Name: Chen Yi-Ying Student Number: 100016622 Programme: Management Before negotiation‚ there are many things the negotiators need to consider and prepare. In this article‚ it will be divided into nine areas. (Francis‚ C.‚ 2007) 1) Determine your goals. Negotiators have to set a goal for the issue before executing negotiation process. The goal would be the supports for the arguments that the negotiator made and the guide which help the negotiator to achieve an agreement
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"In the name of Allah The All Merciful The most Merciful" Useful Science for the Sake of God Course: Negotiation Skills for Project Managers مهارات التفاوض لمديري المشاريع Instructor: |Dr. Attia Hussien Gomaa | |Industrial Engineering Consultant | |Engineering Service - American University In Cairo
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head: Communication and Personality in Negotiation Paper Communication and Personality in Negotiation Paper University of Phoenix MGT 445 Communication and Personality in Negotiation Paper Introduction The act of negotiating happens on a daily basis sometimes without people even noticing. When thinking about negotiations‚ car purchases‚ salary increases‚ and buying new homes are obvious examples of negotiating. Nonetheless‚ negotiations are simple as deciding where to eat
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occur in everyday settings. The main issue involved my company trying to expand upon a current partnership to further develop and achieve revenue goals. I was faced with a situation that involved getting the two parties to come to an agreement. After acquiring the client‚ and accessing the agreement‚ I identified there was an opportunity for potential growth within the partnership. After recent developments‚ which led to a stoppage by Company A for using our product‚ it was my job to redevelop the
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An estimated roughly 8‚000 were released and another 3‚500 were transferred to Sony-Ericsson‚ EMP 900 Technology Licensing (EBT). A number of companies had already approached Sony before Ericsson became the main solicitor. They included Motorola‚ Alcatel and Siemens. Nokia had already‚ at earlier stage in the 1990s approached Sony when the company wanted to sell its TV operations while at the same time creating a joint venture in telecommunications‚ an offer that Sony declined. The Sony-Ericsson
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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. During this exercise there was a 3-stage process: individual assessment‚ team’s assessment and negotiation. 1) During
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and practices that are common in their countries of interest to help them plan their management strategies. This essay is a critical evaluation of the influence of culture on management across various cultural diversities. As organizations and companies continue to extend their territories to acquire international status‚ there is need to study and understand various cultures so as to identify their importance and impact on the business. This would go a long way in improving the process of human
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CASE STUDY 4B Bankers Guarantee: China Your client requests your company to present a bond‚ or banker’s guarantee‚ for 20% of the contract sum that you are currently tendering on. You ask the client to remove the bond requirement from the contract entirely‚ or at the worst‚ reduced to 10%. The client says this request is unacceptable‚ as their exposure would be too high and would subject them to too much risk. They also claim that the end customer‚ the Shanghai City Government Board‚ is
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