Question

In: Accounting

Explain some of the benefits of entering into a referral partner negotiation on the basis of...

Explain some of the benefits of entering into a referral partner negotiation on the basis of not having a set of preconditions, assumptions, or expectations for gaining agreement.

(Describe effective interpersonal skills, and negotiation and communication principles).

Solutions

Expert Solution

At the negotiation table, what’s the best way to uncover your negotiation counterpart’s hidden interests? Build a relationship in negotiation by asking questions, then listening carefully. Even if you have decided to make the first offer and are ready with a number of alternatives, you should always open by asking and listening to assess yur counterpart’s interests. Note that if your style of listening isn’t sufficiently empathetic, it won’t elicit honest responses.

A relationship in negotiation is a perceived connection that can be psychological, economic, political, or personal; whatever its basis, wise leaders, like skilled negotiators, work to foster a strong connection because effective leadership truly depends on it.

In order to create a durable relationship in negotiation, there are four basic building blocks that can help you create effective partnerships with the people you lead:

  1. Two-way communication
  2. A strong commitment from the leader to the interests of those he leads
  3. Reliability
  4. Respect for the contributions followers make to the organization

Common to all interpersonal communications are some basic principles.

These principles govern the effectiveness of our communications; they may be simple to understand but can take a lifetime to master.

This page explains these principles and gives examples of how, why and when interpersonal communication occurs.

We may, at times, try not to communicate; but not communicating is not an option. In fact the harder we try not to communicate, the more we do! By not communicating we are communicating something: perhaps that we are shy, perhaps that we are angry or sulking, perhaps that we are too busy. Ignoring somebody is communicating with them, we may not tell them we are ignoring them but through non-verbal communication we hope to make that apparent.

We communicate far more and far more honestly with non-verbal communication than we do with words. Our body posture and position, eye-contact (or lack of it), the smallest and most subtle of mannerisms are all ways of communicating with others.   Furthermore we are constantly being communicated to, we pick up signals from others and interpret them in certain ways and whether or not we understand is based on how skilled we are at interpreting interpersonal communication.




Related Solutions

Explain some of the benefits of entering into a referral partner negotiation on the basis of...
Explain some of the benefits of entering into a referral partner negotiation on the basis of not having a set of precondition, assumptions, or expectations for gaining agreement. Describe effective interpersonal skills and negotiation and communication principles.  
Explain the principal agent theory in negotiation.
Explain the principal agent theory in negotiation.
Explain the four basic stages of negotiation.
Explain the four basic stages of negotiation.
Explain the role of culture in negotiation. How is technology impacting the future of cross-cultural negotiation?
Explain the role of culture in negotiation. How is technology impacting the future of cross-cultural negotiation?
some of the specific environmental and economic benefits offered by green roofs?Considering these benefits, explain how...
some of the specific environmental and economic benefits offered by green roofs?Considering these benefits, explain how the expansion of green roofs in a densely populated city such as New York can help overcome some of the unequal access to urban agriculture?
why to choose integrative negotiation over distributive negotiation . please explain why and give an example
why to choose integrative negotiation over distributive negotiation . please explain why and give an example
Partner Z of the XYZ partnership receives a liquidating distribution of the following: Basis                           
Partner Z of the XYZ partnership receives a liquidating distribution of the following: Basis                                  FMV Cash    $40,000                       $40,000 Inventory    $30,000                       $45,000 Unrealized receiv. $50,000                       $45,000 1. Z’s basis in her partnership interest was $95,000. What is her gain or loss and the bases of the assets distributed to her?    2. Assume Z’s basis in her partnership interest was $130,000. What is her gain or loss and the bases of the assets distributed to her?
What are the benefits of an organization entering global production? What are the disadvantages? Can you...
What are the benefits of an organization entering global production? What are the disadvantages? Can you provide an example of why a business would not want to pursue global production? Please make the post as original as possible
Benny is a partner in the BEN partnership. His outside basis is $250. He receives a...
Benny is a partner in the BEN partnership. His outside basis is $250. He receives a distribution of $75 in cash. a)Is the distribution taxable to Benny? If not, why not? b)What is Benny’s outside basis after the distribution? c)If instead the distribution was $275 would the answer to part (a) change (and if so how?)
1. Describe the rules concerning the basis of property distributed to a partner. How does the...
1. Describe the rules concerning the basis of property distributed to a partner. How does the concept of basis-in, basis-out apply to partnership distributions? 2.Elaborate on the term basis-in,basis - out. What does that phrase mean in the context of a partnership formation? 3. Why must some income and gain items be separately stated in a partnership?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT