Name Course Tutor Date Distributive Negotiations After deciding to purchase a used car, it is imperative to develop strategies and goals that will be used in negotiation to achieve the best deal possible. The first step in buying a new car is to determine the history of the car where vital information such as its pedigree, whether it has ever engaged in an accident or affected by natural disasters, and if it has any recalls. One important strategy in planning to begin the negotiations is to find the market value of the car. It is vital to note that unlike the new car, the used car market is more fluid. During the negotiation process, it is vital to get the basic information of sales person's and the dealership website. The dealership should also avail the warranty on the used car. Another important strategy that I employed was to make to make the salespeople understand from the first that I wanted a good deal. I did this by exerting my position as a price buyer. …show more content…
Some of the negotiation tactics that I will take into consideration include focusing, depicting calm and patience, and staying in control (BĂEȘ, Camelia, et al. 148-49). Another important factor that I managed to do was to derive three essential preset goals that helped me in the entire negotiations process. The first goal was to focus on getting the lowest price possible by emphasizing on my least acceptable settlement. Every negotiation must have a bottom line, and among my goals was to research and find the bottom line of the deal before the negotiating process began. Thirdly, one of my important goals was to achieve profit and value for my money from the process of
Given the financial magnitude of this particular negotiation, all parts of this negotiation and interaction with one another required a great deal of listening and efficiently speaking. The car salesman had to, and did, listen to what I was looking for as far as a vehicle to purchase and he was able
Negotiations are something that everyone experiences and does at some level. Even if informal, people negotiate and barter using what they have to offer to get what they want all of the time. However, there are times in life where the negotiations are much more serious and the stakes a lot higher. Whether official or unofficial, there are negotiation tactics and conditions that should be watched out for because they are a sign of potential problems.
Being successful at negotiating requires one to consider the various styles: win-win, win-lose, lose-win, lose-lose, no deal and compromise negotiation. Each is unique in its outcome and business associates must consider their end goal of the negotiation and when each style of negotiation is
Through personal contract purchase car, you will see a number of factors involved when considering the monthly contract price. In order to work out the payments, the provider will need to take into account several counts at the very same time. The provider will have to look for the cost of new vehicle that how much it is costing, amount of deposit, time of contract as well as the finance
Consequently, negotiation is a process that can be approached in many ways. No matter what strategy we choose, success lies in how well we prepared. The key to negotiating a beneficial outcome is the negotiators’ ability to consider all the elements of the situation carefully and to identify and think through the options. At the same time, negotiators must be able to keep events in perspective and be as fair and honest as circumstance allows. Because a common ground or interest has brought the parties to the negotiating table, a negotiator can benefit by trying to capitalize on this common
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.
These include perception, emotion, and communication. Perception focuses on understanding the other side’s thought process and putting on their shoes to understand their point of view on the negotiation. This is often difficult as you are commonly defending your own standpoint but must be done in order to make sense of what is and is not an acceptable deal. The best way to do this is to step back and look at the issue objectively as if you were not involved. Emotion is also an important trait to be aware of as a healthy mindset promotes healthy negotiation. If both parties have a strong emotional attachment to the issue, the are more likely to battle one another than to work together to solve the problem. In order to support emotions, consider all of them as legitamate and try to be understanding of the other parties issues. Also, do not react to emotional outbursts as emotions on one side can often generate emotions on the other side and both parties may lose focus of the overall goal. Lastly, communication must be supported between both parties and should focus on talking to, hearing, and understanding the other party (Ury, 1981). It is important to speak to the other party in a way that is easy to understand and not send mixed messages. Say what you mean and mean what you say. Also, hear the other party’s concerns and actually focus on them without dismissing them to address your own needs. Also, be sure that all
Buying previously owned cars can be expensive if the buyer has no experience. Problems can arise later if the car is not carefully chosen. Liz Gorham’s article called “Buying a Used Car” says, “A buyer without savvy can easily buy repair headaches instead of reliable transportation” (Gorham 1). This process can take a very long time and requires patience if the buyer is seeking a long lasting car with minimal repairs required. It is very difficult as well as the process needs a lot of prior knowledge on cars. Certain guidelines must be followed to ensure that the car is reliable, long-lasting and does not require major repairs. Learning the best way to buy a used car is a very important life skill.
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
The key point that stands out for me is rule#3 Planning, more specific rule#3.2 Plan your first move carefully. This step requires a lot of homework to be done in order to execute it properly. During this step, the negotiator establishes the asking zone. This is where you have mentally prepared your Maximum Plausible Position (MPP). This step sets the pace for the rest of the negotiating and as a rule of thumb you should always ask for more than what you're looking as this gives the negotiator the room to reach his or her desired asking.
With the purpose of obtaining usable information that, I can show the prospective buyer the extras that my Jetta has to offer. I think that this may help to justify my price point. I will also obtain a recent copy of the Car Fax report to highlight the fact that I am on the up and up and that I am not trying to hide anything, furthermore I will also provide the maintenance records as to show that the car was well cared for and prove that it is in good condition.
A ruthless, aggressive and cold blooded negotiation style is the framework approach most people have when it comes to negotiation,[6] a theoretical example of that is Adversarial Approach Style Negotiation.[6] But in reality, as mentioned by experts and researchers such as Fisher and Ury [3] it doesn’t have to be that way. As the world moves to more sophisticated platforms of communication, negotiation follows the trend and Problem-Solving Approach(citation) is in a way, the “antidote" of Adversarial Approach Style Negotiation. Getting to YES[3] suggest an Interest-Based Model for the use of Problem-Solving Approach. Interest-Based Model focus on separating the person (positional) from the problems (resolution) and then concentrate on the resolution. This way allowing for both parties in a distributive way to get the results they both want.
1. Don 't be afraid to ask for what you want. Successful negotiators are assertive and challenge everything – they know that everything is negotiable. I call this negotiation consciousness. Negotiation consciousness is what makes the difference between negotiators and everybody else on the planet.
Communication styles in negotiation are probably one of the most important skills or characteristics one will develop over a lifetime. From the point a human being begins to develop cognitive skills, the process of learning and understanding situations become more apparent. One will learn from a very young age the dynamics and characteristics of communication and its role in negotiation. To better understand the communication process, one must be able to recognize how they communicate, whether it is on an assertive, aggressive, passive, or passive-aggressive level of communication. The manner in which one conveys his/her message is critical, and the many methods in which they do it is
Negotiation is all about a strategy. The end result is usually to end a problem that someone is having, whether it is personally or