Question

In: Operations Management

reflect on a time what you were engaged in a negotiation (or should have negotiated in...

reflect on a time what you were engaged in a negotiation (or should have negotiated in the situation rather than passively accept the decision of another) -- this could be a negotiation at work (e.g., salary negotiation, work scheduling) or in your personal life (e.g., making a major purchase, making vacation plans loved ones).

Write a brief essay (~450 words) that describes the situation that involved (or should have involved) negotiation. Also describe the implications of your negotiating style for the five phases of negotiation described in the text

Solutions

Expert Solution

Circumstances: haggling at a piece of clothing store for a saree

Steps and suggestions:

Stage 1: Preparation and arranging the initial step is lead an intensive research/due tirelessness with respect to the subject. i.e, cost of comparable sarees, cost in contending stores, monitoring the quality, kind of saree, edge and so on such sarees, their interest/supply nuts and bolts, and so forth. This would empower the arbitrator in being all around educated about the subject and will empower in better exchange.

Step2: Definition and Ground rules-being blunt with the businessperson in regard to the value that you are happy to pay. This may be precarious relying upon the sort of individual you are managing. Consequently, being unpretentious or excessively immediate and the degree of the equivalent can differ.

Stage 3: Clarification and Justification-when the dealing with procedure begins, we should begin from a value which is equivalent to half or over the cost cited by the retailer (once more, this would change contingent upon the kind of store, brand, and so forth). As both the celebrated take a stab at arriving at interval value point, remember objective cost past which you won't/can't dish out cash. Keep the bartering firm and furthermore bolster your position with fitting avocations (like providing contenders' cost estimates, edge and so forth)

Stage 4: Problem comprehending: at long last when you arrive at a point which appears to be an impasse, attempt to conciliate the circumstances with disclosing how you wish to purchase this and yet don't wish to over compensation. Cause him to comprehend the significance of a reliable client and how positive informal exchange will pull in an ever-increasing number of clients.

Stage 5: Closure and execution: as you both arrive at the chose value point, close the procedure on an agreeable note, expressing gratitude toward him for his administration. Do make reference to how extraordinary you feel purchasing such a decent item and that you will return without a doubt with loved ones. This empowers a commonly helpful relationship for what's to come.

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