DISCUSSION QUESTIONS: 1. What goals (target price‚ opening bid‚ bottom line‚ etc.) did the seller(s) and buyer(s) set for themselves in the negotiation? Did they reveal these goals to their agent? The goals of the buyer were not obviously revealed; because I was the seller I did know that my priorities and bottom line was set and that even though the seller was unable to pay two mortgages if the offer was not fair‚ then we would have to walk away. 2. Did you reach agreement
Premium Negotiation
Reading Responses Face-Negotiation Theory Face-Negotiation theory was developed by Stella Ting-Toomey in 1985. It is a theory that explains why members of two different cultures manage conflict differently. Ting-Toomey asserts that different cultural values exist in dealing with conflict‚ and these conflictual episodes‚ in turn‚ are influenced by the face concerns and face needs of communicators. The differences in cultures‚ distinguishing between individualistic and collectivistic orientations
Premium Culture Individualism Sociology
Debby Correia May 29‚ 2015 Sally Soprano I: Negotiation Strategy On behalf of my client Sally Soprano‚ I am preparing for my upcoming meeting with Lyrica Opera. I will focus on using the Principled Negotiation Strategy (PN). My belief is that the four crucial points of this strategy - People‚ Interests‚ Opinions and Criteria will help the negotiations stay on course and ultimately benefit both parties. The PN negotiation strategy will allow me to focus on the issue at hand‚ which for
Premium Negotiation
The pervasive impact of culture on international negotiations The primary purpose of this section is to demonstrate the extent of cultural differences in negotiation styles and how these differences can cause problems in international business negotiations. The reader will note that national culture does not determine negotiation behavior. Rather‚ national culture is one of many factors that influence behavior at the negotiation table‚ albeit an important one.For example‚ gender‚ organizational
Premium Negotiation Culture Psychology
What were your opening‚ target and resistance points? Since there were multiple opening‚ target‚ and resistance points throughout this negotiation‚ I feel it is best to organize this part of the assignment into bullet points. Royalties- opening point (5%)‚ target point (7%)‚ resistance point (10%) Contract Signing Bonus- opening point ($10‚000)‚ target point ($20‚000)‚ resistance point ($30‚000) Number of print runs for the book- opening point (5)‚ target point (4)‚ resistance point (4) again
Premium Management Leadership Psychology
My position on the above scenario Traditionally‚ the woman and the man are legally married which should not be overlooked by the woman’s family. On the other hand‚ a marriage is not “merely a private law contract between two individuals‚ but an important familial and community event” (Nichols 2012‚ p.223). Hence‚ both parties (the husband and the woman’s family) should collaborate and come to an agreement on the best option for the woman. If‚ however‚ both parties cannot unanimously agree upon
Premium Health care Patient Health care provider
change in school possibly could create hardships for students and parents. The students that end up going to lower income schools may be exposed to gang activity and less disciplined students. This paper will address the needs of the stakeholders‚ negotiation strategy‚ and ethical impact of the decision (Carlson‚ 2011). Stakeholders The stakeholders are
Free Teacher Education School
2007 Vol 7(1): 101–119 Cross Cultural Management Chinese Conflict Management Styles and Negotiation Behaviours An Empirical Test Zhenzhong Ma University of Windsor‚ Canada ABSTRACT China has been one of the most important markets for western firms‚ but negotiating with the Chinese is quite a challenging task. Researchers have been investigating the distinctness in Chinese negotiation and conflict management styles‚ but have yet to provide solid evidence for it. An attempt is made
Premium Management Dispute resolution Negotiation
Negotiation Techniques and Third-Party Intervention Some of the techniques that can be used to lessen a person’s reluctance in order to avoid the need for a third party to intervene and manage negotiations are: not negotiating or postponing negotiations until there is an indication that there is something to gain that may not be possible to be gained through other alternatives. Reluctance is at times considered reversed psychology and it is recommended not to fall victim of this trap‚ one must
Premium Negotiation
Teaching Negotiation through Paradox Bernice Thompson EDUC 746 Dr. Joseph Haas September 8‚ 2013 Teaching Negotiation Through Paradox In this article the author‚ Laurence de Carlo defines a paradoxical professional viewpoint that he believes can be useful in assisting students learning appropriate negotiation concepts and methods. de Carlo (2012) examines six paradoxes: caring for students while deliberately exposing them to frustration;
Premium Education Student Psychology