ASSIGNMENT 3: PLANNING NEGOTIATIONS Assignment 3: Planning Negotiations Mary Poff Strayer University Online Contracting and Purchasing Negotiation Techniques Ted Majors, Jr. February 17, 2013 Abstract The purpose of this paper is to demonstrate the need for an effective negotiator to plan, organize, direct, and control a negotiation. This paper will describe the skills and behavior needed for effective negotiations. An understanding of various negotiating strategies or tactics and how they can be applied in varying types of negotiations will be demonstrated. Technology and information resources will be used to research issues in business …show more content…
This will allow me to solicit information from the vendor about their team and possible negotiating strategy in order to complete the agenda and send out a “final” copy before our meeting. The “final” copy should contain such things as 1) the location of the negotiations, 2) the areas of major disagreement with the vendor’s offer, 3) any possible counteroffers I may offer, and 4) definition of the roles and responsibilities of individual team members on both sides of the negotiation (Hearn, 2011, p. 238). The agenda will help to keep the meeting on track and focused on the important matters. Please see Appendix A for a copy of the “draft” agenda for the paint negotiation for the fleet of ships. At this point, I have sent my “draft” agenda out to the vendor and it is time to assess the team’s position on the negotiation objectives and to develop the tactics that should be utilized to achieve success for our customer, company, and the vendor. “Determine the tactic(s) you will use and explain why you chose the ones you did.” “The American Heritage Dictionary of the English Language defines ‘tactics’ as: ‘The technique or science of securing strategic objectives…’ There is a distinction between strategy and tactics. Strategy deals with overall planning and direction, while tactics deals with the actual processes and maneuvers used to carry out the strategy” (Hearn, 2011,
Tim requested that another employee in the accounting department that had an excellent head on his shoulders, and would be a great help to him with the project management roles. However, that employees current supervisor did not seem interested letting the good employee go for the good of the company, but rather keep the employee put to satisfy the need of his own personal departmental needs. Phil, as the director of project management, could have made it possible for the reallocation of resources and allowed the accounting personnel to be available to work with Tim on the project management task. However, he chose to not to. Instead he only expand on his previous comment about the experience levels of his staff and suggests that Tim come with some new ways to motive his mature staff into wanting the program to be a success. But,
Our topmost need is to attain greater scale economies in production by significantly boosting overseas sales of robots. We especially want to develop a presence in the currecnt small but rapidly growing Alphan market. We choose this goal since it is SMART. We focus on a specific goal that developing a presence Alphan market. If we can get stable sales channels and attain a considerable profit within 7 years, we will say the goal has been reached. Moreover, our company has decided to collaborate with Alpha Inc. and we have made some tentative agreement during the past five months. Thus, it is realistic for our
There has been no change to Apple Code of Conduct policy since 2014 when Apple started taking previous audit scores into consideration and conduct detailed risk assessments with suppliers who had not been audited in the past before awarding the new business. In 2014, we reviewed 459 suppliers, and factored their responsibility performance into our decisions. This engagement has allowed Apple to address over 700 findings related to labor standards, worker safety, permits, environmental hazards, and chemical management before production began (Apple
1. Analyze Federal Express’s value creation frontier, and determine which of the four building blocks of competitive advantage the company needs in order to continue to maintain above-average profitability. Provide a rationale to support the response.
Well to me it depends on the mind-set of an individual, his/her innate abilities and capabilities. I myself broadly classify entrepreneurs into two types, The Inventors (those who with their discrete and genius intellect pioneer goods and services that never existed) and the Innovators (take existing idea and innovate it with their brilliance). It is the category that defines the set of skills, traits and characteristics suited to that entrepreneur. For example the first type of entrepreneurs i.e. Inventors are revolutionary blended with growth orientation. They want to revolutionize the market or industry and grow at some rate so that their product becomes a necessity e.g. Thomas Edison, While on the other hand
Tactic: Specific action. (Should be specific action that helps meet strategic goals - tactics should be on strategy.)
Whether it is at work, church or in our private relationships, negotiations are a necessary tool for reaching an agreement. They are made by discussing each parties point of view with the aim being to reach an agreement that is mutually beneficial. For the most part, negotiation is the process by which those people involved successfully adopt or abandon their respective position through the use of positional bargaining. There are different types of approaches for the negotiation process - some hard and others soft in their manner of approach. The desired outcome of
In order to make improvements in one’s negotiating skills, it is necessary to determine one’s current communication skills and negotiating style. The use of tools, such as The Personal Bargaining Inventory and Communication Competence Scale questionnaires can assist one in determining these skills. Developing an improvement plan, taking into consideration the five negotiating strategies, ten best practices of negotiating skills, and current communication skills and negotiating style will provide one with a tool to assist in improving one’s negotiating skills.
In summary, the rehearsal of the negotiation plan will be a synopsis of our value proposition relative to others in the field. During this phase, the groups review its own goals and priorities in regards to the overall negotiation process. This phase of the rehearsal will also consist of a determination of the individual team member's roles and responsibilities within the group. Finally, this phase will also insure the availability of the team members for the
[ROA and ROE models and Ratio Components] The Salza Technology Corporation successfully increased its “top line” sales from $375,000 in 2012 to $450,000 in 2013. Net income also increased as did the venture’s total assets. You have been asked to compare the financial performance between the two years.
In this critical analysis, I will review the failures of negotiation for a contract renewal between the TexasAgs Oil Company and Cousins Corporation. The key failures identified are: planning the negotiation, identifying BATNA, the role of mediator or alternative negotiator, power in negotiation and the intangibles of a negotiation. Thereafter I will review approaches adopted by both parties and present with a recommendation to the protagonist.
Negotiation could be seen in any aspects, any activities of our real life. Negotiations happen when there is a wide gap between two or more parties’ interests and targets. Hence, the goal of negotiation is simply to close that gap by finding out a middle group for both parties. In order to do that, it is required to develop a great deal of tactics to correctly evaluate ourselves and our counterparty, then come up with a suitable negotiation strategy. Amongst these requirements, self-assessment is the first and the most important step to take. Hence, in this entry, my objective is exploring my past experiences in negotiation and see what are my strengths and weakness in doing so.
The following discussion will describe and analyse the negotiation utilising Watkins’s (2002) framework. This framework was chosen because it covers both the key tasks involved in the negotiation process and separates these into preparation (away from the table) and execution (at the table) situations. This is both an intuitive and holistic approach for reviewing a negotiation process.
In today’s competitive scenario, achieving successful results through negotiations has become more important. But often negotiations face either complete failures or achieve far less than its actual potential. Also, such unsuccessful negotiations may perennially damage the reputation and relationships amongst the counterparties involved.
Strategy is differentiated from tactics in that tactics are micro strategies that contribute to large goal. Opening a successful business would fall under strategy achieving financing or an important client would be considered tactics towards strategy.