Key Fundamental Of Successful Negotiation Essay

Key Fundamental Of Successful Negotiation Essay

Length: 730 words (2.1 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

During this class I have learned a great deal about sharpening my negotiation skills and I think that this is an essential skill to have when working for any company or even if you are an entrepreneur. Knowing how to negotiate a favorable agreement or deal for your company can often be the difference between success and failure. People negotiate more than they really are aware of in their everyday life both in work and in home life. Many managers negotiate between their employees, vendors, customers, and even investors. It is a very industrious skill to have that can help you build your life and business in constructive ways.
A key fundamental of successful negotiation is to be confident in what it is you desire to attain and also what you are prepared to settle for. Another key fundamental is to know what the other persons needs and objectives are in other words know what their strengths and weaknesses are this will help you negotiate a better win-win situation.
Below are 10 things I think you should know to effectively negotiate the best deal or agreement.
1. Determine what is y...

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay on Negotiation Tactics

- The paper focuses on the strategies and tactics used during negotiations. The paper specifically addresses the use of hard bargaining techniques of negotiation. The paper includes examples of some of the hard bargaining tactics that are used by some of the biggest Internet giants such as Apple, Facebook, and Twitter. The paper also addresses negotiation tactic as illustrated in the International Bestseller, Getting to Yes, Negotiating Agreement without Giving In by Roger Fisher and William Ury as well as Bruce Patton from the Harvard Negotiation Project....   [tags: Business Management ]

Better Essays
1744 words (5 pages)

Key Initiatives to Enriching Project Management Essay

- In competitive project management environments, initiatives need to carry out, control and drive strategic directions quickly—with development and decision-making efforts at the core of most project strategies. These days, most organizations that incorporate project management as a means to delivering software products, especially means focused on developing with minimal cost towards their go-to-market readiness, need to constantly flexible and continuously improve in response to external market influx....   [tags: Business Management ]

Better Essays
1682 words (4.8 pages)

The Merger Of Microsoft And Linkedin Essay example

- One of the biggest negotiations of all time between Microsoft and LinkedIn was witnessed earlier this year and with the involvement of Salesforce.com Inc., the negotiation had reached a massive amount of 26.2 billion USD (Salesforce PMULBBD., 2016). This paper discusses the complete breakdown of the negotiation between these two parties and highlights the important aspects and decisions which were made during the negations and how it would impact the future of both the companies. The positioning and interests of other parties during the negotiations are as follows, in which Facebook Inc....   [tags: Social network service, Facebook, Negotiation]

Better Essays
924 words (2.6 pages)

The Fundamental Structure Of An Integrative Negotiation Situation Essay

- As a manager, it is our job to oversee and manage people. The company has been undergoing a few budget cuts in which we are currently under staff. We have just brought on board a great intern that has been performing outstandingly. This particular intern reports to Ben who is heading the ancillary program. Jocelyn who is heading a different program has taken Ben’s intern and is funneling task for the intern to complete. Ben is not happy about the overall situation. “The fundamental structure of an integrative negotiation situation is such that it allows both sides to achieve their objectives.” (Lewicki, Saunders, & Barry, 2011) To defuse the situation, I would call them both into my office t...   [tags: Negotiation, Dispute resolution, Weekend]

Better Essays
816 words (2.3 pages)

Negotiation Theory And The International Arena Essay

- People get the opportunity to negotiate in every aspect of their lives. Whether choosing what restaurant to go to for dinner with your friends or trying to agree on a price for a house with a stranger. Negotiation is the concept of getting what you want from others and using the necessary communications to reach an agreement. Although many people find this as a difficult concept to grasp and to execute well. While there are many different strategies for negotiation these often leave people dissatisfied with the result, worn out from the back-and-forth communications, or alienated....   [tags: Negotiation]

Better Essays
1414 words (4 pages)

Negotiation Is The Golden Rule Of Negotiation Essay

- Final Reflection Paper Negotiation is a form of communication that happens almost every day. It is not only about fighting for what we want from the other side, but maximizing the interests of all parties and achieve an agreement that no alternative can. Learning from reading materials, practices and reflections, I believe that I have gained a deeper understanding of the logic and tactics in negotiations and I will be able to use them in my future life and careers. “Never negotiate unprepared” is the golden rule of negotiation....   [tags: Negotiation, Collective bargaining]

Better Essays
1262 words (3.6 pages)

Negotiation : Achieving Effective Negotiation Essay

- Negotiation, competition is having a leader to propose solutions and resolve differences of ideas or opinions of the parties, based on sufficient authority and justice, focusing on common interests, trying to reconcile and mediate equitably to the parties, avoiding manipulation and bias of personal interest. The description of a work often includes negotiation skills as a desirable quality in applicants a fee list, however the ability to trade implies a set of communication and interpersonal skills to be used together to achieve a satisfactory result ....   [tags: Negotiation, Contract, Mediation]

Better Essays
1504 words (4.3 pages)

Essay on Formation of Reputation During Negotiation

- INTRODUCTION In preparing for negotiation, the key is to identify the other person's potential sources of power, which can come from knowledge, competition, performance and reputation” (Braff 1996). Reputation of a negotiator is significant; it remains one of the most under researched aspects of the negotiation process. This may be due to the tendency for most negotiation research to be conducted in controlled environment or laboratory settings which bring strangers together to negotiate and it is assumed that the parties do not know each other and so bring no reputation to the transaction....   [tags: Business, Negociation]

Better Essays
2184 words (6.2 pages)

Negotiations Are Part Of Our Daily Life Essay

- Negotiations are part of our daily life. We negotiate at work with our coworkers, at home with our families, or in the business world when trying to get a deal. People of all ages are constantly negotiating. According to the textbook Essentials of Negotiation, negotiation is a form of decision-making in which two or more parties talk with one another in an effort to resolve their opposing interests (Lewicki, Barry, & Saunders, 2011). Regardless of who we are, our personalities and cultures have a great impact on how we interact with others and it can make a difference on winning or losing a deal....   [tags: Negotiation]

Better Essays
1886 words (5.4 pages)

Negotiation Essay

- Negotiation is a basic generic human activity. The world is a giant negotiating table such that a person can negotiate many different things in many different situations. Negotiations can occur over labor relations, buying purchases, salaries, strikes, international affairs such as war and freeing hostages as well as family issues such as divorce, child custody and even who gets the car keys. There are two common characteristics of a negotiation or bargaining situation. The first characteristic is that all negotiations have conflict inherently in them....   [tags: Business Negotiating]

Free Essays
1316 words (3.8 pages)