Mrs. Brown was also advised that a lot of the literature related to negotiations is directed at union issues, corporate negotiations and other situations that are not what she will be engaged in specifically.
Mrs. Brown read Peter B. Stark's book, It's Negotiable: The How-To Handbook of Win/Win Tactics, which provided some good general ideas and some ideas that she certainly wouldn't need. For example, on pages 9-11 Stark offers "Four Keys to Creating a Win/Win Outcome" which essentially apply strictly to negotiations between organizations. But on pages 31-32 of Stark's book, Mrs. Brown gleaned good information on questioning during negotiations; a) "have a questioning plan," Stark suggests (when you are asking questions and your counterpart is reacting, you are the driver); b) "know your counterpart" (which Mrs. Brown will know better after inviting them over for a barbeque); c) have good timing and move from the "broad to the narrow"; and d) "build on previous responses" (keep track of all that's been asked and answered).
An article by Luke Mullins in the "Money" section of U.S. News -- "The 7 Biggest Home Price Negotiation Blunders" -- caught Mrs. Brown's eye because it offered guidelines for the Randolph family, which in turn could help Mrs. Brown in terms of understanding her neighbors' perspective. "It's essential to look at the deal from the opposite side of the table," Mullins explains (Mullins, 2008). The keywords in Mullins' article are self-explanatory: a) don't show your cards right away; b) be sure to have options; c) don't get "caught up in the game"; d) use face-to-face negotiation strategies (no emailing or faxing responses to proposals); and don't "forget your homework" (which would be a disaster for either side in the negotiations) (Mullins, 2008).
Mrs. Brown was alerted to an article that her oldest son -- searching in a scholarly database -- found called "Communication Quality in Business Negotiations." The article (like many she located) didn't precisely fit her needs as a seller, but offered some practical advice. For example, the authors explain, "arguing" involves "making claims of factual truth or normative validity with the intent to convince," while "bargaining" contains "…promises and threats, and intends to change behavior" (Schoop, et al., 2008, p. 196). Mrs. Brown of course wasn't trying to change the Randolph family's behavior but she did intend to argue the case that her house and property were worth substantially more than current assessed value. She did receive good advice from Schoop's piece on page 202, which asserts that "mutual trust" must be shared with the parties that are involved in negotiations.
Mrs. Brown's younger son found a book online that described real estate mogul Donald Trump's approach to negotiations, and shared it with his mother. While Mrs. Brown gave the son the benefit of the doubt and read portions of the Trump strategies, she quickly dismissed Chapter One's assertion that "…lying, cheating, and deception" are indeed permitted in negotiations (Ross, 2007, Chapter 1). "…Everyone involved in negotiations is free to act as he or she sees fit without restrictions," editor Ross explains on the same page as the previously quoted material. That is not Mrs. Brown's style, even though she has worked through some tough negotiations when she was employed by the electric and gas company as an engineer.
An article in the Journal of Organizational Culture, Communications and Conflict posits that the outcome of negotiations largely depends on "to what degree [negotiators] have control of the negotiated outcome" (Spears, et al., 2009). Mrs. Brown decided that the outcome of her negotiations with the Randolph family should be favorable whether they reach a deal or not because she is under no pressure at all to sell. She figures the power is in her hands because keeping the four-bedroom home and continuing to rent out the two-bedroom home works out well in the short-term.
Theoretical Model -- Relationality in negotiation
Writing in the Academy of Management Review, Michele J. Gelfand and colleagues put forward the concept they refer to as "relationality in negotiation." At the "core" of this theory the authors present "the construct of the relational self-construal (RSC)." This psychological approach is in stark contrast to the view of one's self as "largely independent," the authors point out (428). In fact RSC reflects a "…cognitive representation of the self as fundamentally connected to other individuals" (Gelfand, et al., 2006, p. 428). Relationality means being connected to another person as its starting point. Relationality has been linked to an "impressive...
Business NEGOTIATIONS (200-250 Words per Question Requested) Why might a negotiator want to separate the value creation and distribution phases when negotiating? What advantages and disadvantages does this approach offer, whether psychologically or in other strategic ways? Give an example from at least one negotiation you've carried out in the course. In principle, the negotiator would prefer to separate and differentiate value creation from benefit allocation because that allows the parties maximum
J Lastly, in chapter 9, Hendon, Hendon & Herbig (1999) focus on "what" or the contract, of cross-cultural negotiations. The authors claim the only purpose of cross-cultural negotiations is to product a "contract" or an agreement, which they define as an "exchange of conditional premises in which each party declares it will act in a certain way" only on the condition that the other parties involved agree to live up
They both serve the purposes of the stakeholder category formed from clients, they just do this with different understanding. Then, the well-being of the stockholders was constantly on the minds of the negotiating CEOs at Wal-Mart and Procter and Gamble. In this order of ideas, all their endeavors were focused on increasing shareholder value. Basically, this materialized in an ongoing desire to increase profitability. Higher profits would result in larger
While Cadbury was initially vulnerable resulting in this take over, Kraft had to borrow heavily to afford the final price of 850p per share. In the coming months and years, Kraft will have to balance against recovering the money put into this acquisition (Wiggins, 2010). A risk, many British politicians and citizens alike fear will mean the end of their signature chocolate in an effort by Kraft to increase
Williams should also consider the recommendation of sending some of the employees of C&C Industries of Indian descent to India as a kind of investigative group to meet with individuals of the Indian government with close ties to the software development and marketing industry. All in all, expanding C&C Industries to the nation of India is an excellent idea but should be done with much care and insight by
It can also be seen as manipulative because, just as it strengthens your position, it can weaken the other person's. However, if you need to resolve a major disagreement, and then make sure you prepare thoroughly. Become a highly effective leader; minimize stress; improve decision making; maximize your personal effectiveness; and much, much more. For a negotiation to be 'win-win', both parties should feel positive about the negotiation once it's
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