F. Invent Options for Mutual Gain. Brainstorm options, other than straight salary, that can be explored by the parties: 1) Sally will agree to make mention of the lyric during her performance on national TV, that she speak highly of the company which gave her career a reboot; this is if the deal falls through for her due to the success of the performance as Norma. 2) For a set amount of tickets to be put aside, and to have sally agree to buy them for the sole purpose of donating them throughout the local high school and junior high school’s Drama and Musical programs for the intention of educating young adults and children of those age groups about the beauty of opera music.
G. Invent Options for Mutual Gain. Brainstorm options,
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thirdly brake down the options that are left, and then choosing which one will bring the most success on the bargaining table.
2) What is each party’s Best Alternative to a Negotiated Agreement (BATNA)? Sally’s Agent: offers to lower the amount of salary to receive from the lyric opera house and increase even more so the amount of tickets she buys to donate and handout to music and drama programs in junior and high school programs in the local school district. The Lyric’s Business Manager: Offer sally the opportunity to gain the role of Norma with the conditions previously set along with a couple new perks such as allowing her to get a percentage of any sales made from any merchandise created on the performance she will be conducting with acting out the character of Norma.
3) What is the value of the BATNA in terms of the “currencies” that will be on the table in the negotiation, e.g., dollars, publicity, risk, etc.? a. The value of everything including the money gained, the risk taken, and cost of materials will amount up to if not less than sally will obtain 27,000 if attendance is at 65 % if it goes 75% the price will increase by 10,000 and if it becomes sold out each night then it will reach a maximum of
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.
This introduction talks about Negotiation concepts. BATNA (Best Alternative to Negotiated Agreement) is the last proposal that a person can do before exiting the negotiation. You have to prepare your BATNA before the negotiation to keep in mind what is your alternative solution if the agreement cannot be reach.
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.
It is also interesting that earlier in the novel, Cecilia talks about getting a ‘job’ rather than how Robbie puts it as a change in ‘career’.
Sensing the likelihood of making a pile of cash, Tiffany dramatically changed her perspective by replying rapidly, “If that’s what you and the boys’ want…” She saw their eyes light up with the prospect of gaining money for their collective suffering, and accordingly she couldn’t refute their claims by saying ‘no’. That’s why, she added compassionately, “Far be it from me to interfere in your decision, so I won’t stand in your
4. Establish the business framework: After rapport has been established, the team should be able to draw an agreement where all parties reach consensus, then outline the alliance in general
”Oh, yea, I meant to tell you that I gave her your number the other day.” He paused, feeling bad for forgetting to mention it. “She’s been looking for a second home here in the city, and is in the process of deciding in one of them. When she saw my business card the other day, she asked where I had taken the picture. l had to mention your name, although, l never thought she would actually call you.” He understood that Geraldine was not an easy person to please.
be sold. She wanted to know the range of ticket sales so she could assess the risk the
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Doris Ann Riley, the head of HR for King Conductors, over heard the conversation in the employee cafeteria. He recognized the voices of Pete Morris, Carter Henry, and Rachael Parker. They were talking about the local team’s star quarterback and how he was holding out for a bigger contract to sign. Rachael made a joke about how Charlotte Forsythe didn’t know anything about football and they all laughed. They were trying to use football as an analogy and what pay rate everyone within the company would get. No matter how long or short the employees had been there.
Jane’s new dream is to be a stand-up but first she has to negotiate, the obstacles of life. Firstly her job as a copywriter which involves working long
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As Sally contacted the Opera to see if they wanted help, I see that as a sign that she was willing to discuss this. Of course she could have offered to play the role for no less the a sum of money, but she did not and we could negotiate in a really good way.
1. Phyllis has called you into her office to help her make sense of the
Game Theory was said to have been introduced by Emile Borel in 1921. Borel was a French mathematician who published papers on the theory of games. From this standpoint and according to the article “Game Theory”, Borel could have been named the “first mathematician to envision an organized system for playing games” however; evidence has shown that Borel did not develop his ideas any further. This is the reason why most historians have given credit to John Von Neumann.