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Managerial Negotiations

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Self Appraisal Paper (2500 words) The negotiations class was an insightful experience. It helped me attain a better understanding of my strengths and weaknesses both personally and professionally. It helped put into perspective a lot of my theoretical analysis conducted on group dynamics and, most importantly, has helped me become a more effective negotiator. My goal with this paper is to communicate the evolution of my negotiation skills during the progression of the course. As a negotiator, a few of my strengths include being a good listener with a calm composure and positive attitude. I have the ability to make my opponent feel at ease by being patient and attentive, and breaking the ice when needed with the use of humor. …show more content…

However, seeking to know the lower limit of what is minimally acceptable to your counterpart should be part of the negotiation discussion. Being extremely alert and using interpersonal skills combined with the right questions will help in gauging an understanding of your counterpart’s bottom line. This gives us the liberty to anchor in on an offer and channel the negotiation around to the reservation price of our opponent. Also, I learned that one must always have a complete understanding of what is their Best Alternative to No Agreement (BATNA) before going into a negotiation with an opponent. The BATNA is also known as the Consequences of No Deal (CONA). The crucial point to be noted about understanding ones BATNA or CONA is that the negotiator is now able to know at which point of the negotiation it would be better to walk away. This occurs when the deal you have just agreed to is below your BATNA or CONA. Therefore, this leave you in a worse of situation when compared to if you had walked away from the negotiation without coming to an agreement. In the face of conflict one must look for objective criteria with which to resolve conflict is essential. Always keep in mind the aspiration for long term relationship building. We never know when we would meet our counterpart, another representative of his or her organization or a common acquaintance

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