In this negotiation I would adopt a tit-for-tat strategy after forming a strong relationship with the recruiter based on trust. Having established a rapport I would seek to make the first offer using strong anchors then offer concessions in small instalments. The rationale behind this strategy is to build trust so that I can accommodate the needs and interests of the recruiter into my offer. By sticking to my BATNA and strong anchoring early it would allow me to have room to make concessions. I would seek to approach this negotiation with an open mind and with the intent to validate and/or challenge any preconceptions I had going into it. I take careful and considered approach in which my emotions don’t take hold during the negotiation. …show more content…
(Cialdini, 2001). This initial rapport building is aimed at assisting the recruiter to understand my justification for later requests and make it clear that I wish to work for them (Malhotra, 2014). Another aim is to understand the other person’s interests and so that I can identify possible constraints (Malhotra, 2014). This will require that I engage in active listening not just effective communication. The main issue going into this negotiation is understanding and addressing Computron’s constraints as well as the recruiter’s. As the candidate I know some market estimates, which guide my bargaining zone estimates, but I don’t know what the constraints and preferences of the recruiter are. Therefore my strategy is to make installment concessions that would allow me to better gauge the bargaining zone.
Once the initial rapport is built up I would attempt to negotiate using the principles of Ury and Fisher (1987): bargain over interests not positions (reconciling interests), isolate the issues from the person, ask direct questions and acknowledge their interests as part of the problem. The aim is not to align interests but to acknowledge the differences, in order to address them and then build on them. A key issue in negotiations is that there are always conflicting interests and agendas. This is attributable to the fact that “the world as it is perceived is the world that is behaviorally important” (Robbins & Judge, 2013,
Gina Blair and Daniel Trent cooperate and collaborate to achieve a common objective throughout their negotiation. A cooperative negotiation style is demonstrated as they combine their points of view regarding their clients concerns with outcomes to effectively solve the issues raised. The main focus of the negotiation is to reach an agreement rather than a continuous dispute. Accordingly, the conflicting objectives were resolved by compromises and solutions but forward by both Gina and Daniel. The negotiation style used between Gina and Daniel is described as principled negotiation where both parties jointly attack the problems arising to achieve a compromise.
For this negotiation I have three types of goals in place. My substantive goals are to negotiate a contract that will bring in $5.8m (target point 3) and to also secure future contracts with Knight. With
At the same time, I also realized that the negotiation partners are not always having the conflict interests during the negotiation. In this case, for some of the issues, we actually have the same goals. So baring this in mind, in the future negotiation case, I would first seek the common goals for both of us first to create a win-win situation.
You need to be able to actively listen and come to a compromise from this, and above all try to avoid accusations.
1. How did you plan for the negotiation? Explain how you decided on a strategy?
Francesco made the first offer in this negotiation process of $8000, as mentioned earlier. I think it does matter as to who puts the first offer because the first offer has a direct impact on your opponent. If your first offer is extremely inflated, the other person thinks on the higher side and may close the deal at a higher price than what he had thought of initially. However, if your offer is low, the other person will try to manipulate you in such a way that he may tend to close the deal at even a lower price that what he had aspired for. Therefore, I would always like my opponent to make the first offer so that he does not get pre conceived notions about me and is not able to manipulate me to a great
During this negotiation exercise I was presented with the part of Terry Hardel. When reading his instructions, I understood him as someone who was very irritated and frustrated, and as a hard bargainer. I didn’t feel like this would be my negotiation style. I decided to try out a less intimidating way of negotiation while not going too soft and keeping in mind what my interests were. My goal was to create an atmosphere where Josephine felt that I was trying to focus all of my attention on getting her as much time for her to finish her current project, when in reality I was trying to promote Joe as soon as possible.
In a lot of negotiations, it is generally expected that the two parties will stand in two different camps in terms of price or other conditions and that both parties will meet somewhere in the middle. This is not always the case but it is certainly a common
Pre-negotiation preparation is essential for the optimal outcome of a negotiation, as it allows one to design a strategy and plan that can increase the probability of a beneficial agreement. Good preparation means thorough understanding of one’s own and the other party’s relevant information, including interests, constraints, and tradable resources. An effective negotiator should know one’s own best
In any negotiation, preparation is crucial; and having a set, outlined process to follow when preparing helps mitigate a potential oversight of any significant issues within the negotiation. Following a set process also helps one stay on task and in-line with what the important issues and factors are in a negotiation. In Bargaining for Advantage, G. Richard Shell provides a well-structured framework to follow in planning for a negotiation. For this reason, I used Shell’s negotiation preparation framework to plan for the negotiation between Rapid Printing Company (Rapid) and Scott Computers, Inc (Scott).
Once both sides have established a clear agenda and talking points now the can start the negotiation process. Each side will begin their arguments or persuasion points with each side taking turns listening before objecting the opposing side’s talking points. A good negotiator of any contract will or should poses one major important factor and that is confidence. Confidence is key to having a good chance of winning what you want in a negotiation. According to Oliver, D, How to Negotiate Effectively, (2011), Confidence is a key. “If you lose your own confidence, the counterpart will intuitively pick that up, and you will end the negotiation in a much weaker position than you need to. Tactics therefore need to be clear before you go into the negotiation. If
It occurs in profit or non profit organizations, government sectors, dealing among nations and also in our personal situations such as salary package, house purchase, marriage, divorce and etc. The strategy to use can either be distributive or integrative depending on the situations and the outcomes that the party want out from the negotiation.
Skill 2-2: Should you propose the three of you begin negotiation by adopting ground rules that address the “5 Ws”? Also consider the setting –where should you meet?
I feel that the most important part of negotiation is relationship building. When you build a solid relationship on trust, you are more likely to come to agreements even if you have to come up with different alternatives. I know that when I buy or negotiate things, I like to go to people I have a solid foundation with. If I don’t know someone then I ask
Salary negotiation is typically the final step in the job recruitment process. This interaction is important because it allows the employee and employer to explore information gaps and it sets the tone for future interactions (Porter, Conlon & Barber, 1999). A successful salary negotiation benefits both parties and potentially sets the tone for a long-term relationship. A win-win solution is an important outcome and an integrative negotiation strategy should be used so both parties can achieve their goals. According to Lewicki, Saunders and Barry, (2011), “the goals of the parties in integrative negotiation are not mutually exclusive and one party’s gain is not at the other party’s expense” (p.62).