Question

350-400 words

Mario owns a boutique furniture store for which Clinton is a long time supplier of pillows and decorative items. Because of repeated years of negotiations over prices, delivery dates, and products, Mario and Clinton have formed a mutually beneficial relationship. Please discuss some other outcomes of repeated negotiations.

Answer 1

Before briefing the outcomes of repeated negotiation, let's primarily look into what is negotiation..?

In simply it is defined as "A process that speakers go through to reach a clear understanding of each other." It should be taken place through four different stages, they are as follows:

PREPARATION

EXCHANGING INFORMATION

BARGAINING

CLOSING AND COMMITMENT

Outcomes of repeated negotiation:

• Both the parties in the negotiation can work through emotional issues overtime and it can clear the air in between them.
• It can help to improve the relationships when successful.
• Reduces stress and frustration possibly the potential for further conflicts.
• There should be a better value and lower costs.
• There should be a unanticipated valuable outcomes.
• It helps both parties achieve a workable resolution.
• Give economic security.
• A repeated negotiation already clear the success criteria and set yourself up for success instead of failure.
• Efficiently continue a fair business outcome.
• There should be a mutual benefits in the future too even in-case of success of the business.