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personal comprehensive reflection on negotiation
personal comprehensive reflection on negotiation
negotiation in business
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This was one of the part of series of my life where I learnt so many things about myself in just some couple of months during the dissertation period. I. Start in advance, after the completion of lectures, we have got sufficient time to complete the dissertation. While imagining the dissertation it seemed like it can be done couple of months. But as I started doing the research, the scenario was completely different. Balancing the write up with the daily life was bit difficult. To be on track to start, there need to be a proper environment and goo access to information, which was one of the main concern when researcher started doing his dissertation. It took too much effort to go thought the whole research process. II. Keep things in order, …show more content…
IV. Operations research, negotiation basics and the time value for money. This are the key elements which determine everything in business. Operation research deals with the function of leading analytical methods to make superior decisions in business. Negotiation basics makes us understands the position of overall market and people’s alternative. V. Financial statement are purely technical, it gives us information about financial information which are presented in a structured manner. VI. Marketing strategies, human resource and finance gave me better understanding of core of the business, competitions and how to make transparent internal communications with the people around, which is one of the main factor of growing the business. Making a healthy relations with the people and creating in our line of business. VII. Culture can make diversity in the company, relations will keep employees longer when company is in difficult time. Any company can make great culture when the situations are good, but real culture will assist when company hoes
Culture is the practices and values shared by a group of people. Companies that have good cultures attract good people. The company culture should be one of inclusion and participation. The culture should be one that welcomes diversity and one that values the opinions of their employees.
Financial statements are those statements which provide information about profitability and financial position of a business. It includes two statements, i.e., profit & loss a/c or income statement and bal...
In a survey conducted by the management consulting firm Bain & Company in 2007, worldwide business leaders identified corporate culture as important as corporate strategy for business success (HR Focus, Sep, 2007). In addition, culture, or shared values within the organization, may be related to increased performance. Researchers found a relationship between organizational cultures and company performance, with respect to success indicators such as revenues, sales volume, market share, and stock prices (Kotter, 2008). At the same time, it is important to have a culture that fits with the demands of the company’s environment (Arogyaswamy & Byles, 1987). For example, if a company is in the high-tech industry, having a culture that encourages innovativeness and adaptability will support its performance. However, if a company in the same industry has a culture characterized by stability, a high respect for tradition, and a strong preference for upholding rules and procedures, the company may suffer as a result of its culture. In other words, just as having the “right” culture may be a competitive advantage for an organization, having the “wrong” culture may lead to performance difficulties, may be responsible for organizational failure, and may act as a barrier preventing the company from changing and taking risks.
The Lincoln Electric Company is a prime example of how organizational culture influences a company’s profitability and performance. For many years they have implemented several policies within the company to improve employee performance and productivity. It also dictates employee behavior. “Culture is a more powerful way of controlling and managing employee behaviors than organizational rules and regulations.” – Principles of Management, Flatworld Knowledge
Each company has its own company culture. New hires need to know what that is and how they fit into it. Company culture is something that should have been talked about in the job posting and in the interview process. The right hire will match the company culture and work to enhance
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.
As a company matures, its cultural values are refined and strengthened. The early values of a company’s culture exert influence over its future values. An organisation tries to preserve itself from external shocks. Organizational culture determines what types of people are hired by an organization and what types of people are left out. Moreover, once new employees are hired, the company assimilates new employees and teaches them the way things are done in the
A mediator it’s not to make decision or to impose solution. Their job is to facilitate and guide the parties through the Mediation process.
Simply speaking, a company’s structure and design can be viewed as its body, and its culture as its soul. Because industries and situations vary significantly, it would be difficult and risky to propose there is a “one size fits all” culture template that meets the needs of all organizations” (Nov 30, 2012). Those organizations who have shared beliefs and values and have organized methods on chain of command going to have positive outcomes. This will help shaping their employees views and performances. The growth and profit of the business relays on their employees and their performances. Culture is the core which will help and encourage all different level workers. If the core itself is weak, it will weaken the atmosphere of the business. Many companies announce that they have great culture but fail to implement to the lower level of workers. The basic issue is when organization has one set of culture and thinks one culture will meet the needs of all the workers. Each business is different and each individual is unique and have different beliefs and behaviors. The culture that is right for one individual might not work the same for the others. The ideal approach in this case would be, looking at the bigger picture of diverse working environment and give importance and respect to what are the ranges of business firms to achieve the perfect culture for organization. Sometimes one size fits all will not going to fit anybody, so the organization have to keep their ideas open and value everyone’s presence respecting all of their culture for the betterment and
The following reflective report will discuss my performance in the negotiation exercise that was conducted on the 15th of September. It will include a brief summary of the process and outcome, an analysis of my presentation and will finish with a conclusion. The analysis section will be broken up into the four stages of negotiation; the relational stage, the exploring stage, the generating of options and the reaching of a solution. Strengths, weaknesses, ethical issues and negotiation techniques will all be identified throughout the analysis. I will also refer to my preparation plan, feedback sheets and other relevant source material.
It is said that people are the greatest assets to an organization and it is their beliefs, customs, perspectives, attitudes, and values that constitute to the culture that prevails in an organization. Culture, a very common word in today’s world, plays a very vital role in organizations and it not only affects an employee’s professional development but also their personal harmony. Culture gives a sense of belonging to people, a sense of who they are and how productive they are at their work place. It helps in interacting with each other at a work place.
These above ingredients of culture are gained from birth which means anyone is much influenced by their family, religion, school, and workplace and from friends. Culture mainly stands for supporting role for almost overall success of organization not only that but also it reflects in the outcomes of an organization such as, quality and productivity, obligation and performance. Organizational culture has always been a question for everyone on how the culture and power are associated to an organization.
Organisational culture is one of the most valuable assets of an organization. Many studies states that the culture is one of the key elements that benefits the performance and affects the success of the company (Kerr & Slocum 2005). This can be measured by income of the company, and market share. Also, an appropriate culture within the society can bring advantages to the company which helps to perform with the de...
Negotiations happen more often than most would think, in fact, every person negotiates every day. Yet, the reason most people do not recognize their actions as negotiation has to do with their perception of it. As this paper outlines, there is a situation where I have not received a pay raise that I believe is due, even though I have talked with my supervisor four different times. Yet, as this paper reveals, the lack of raise can actually be attributed to a lack of proper negotiation in the past. Here we will look at a proper view of negotiating a pay raise using the Principled Negotiation technique.
This course arises with the aim to develop competences and skills to enhance the future career prospects of university students. This module has had a positive impact in different personal development competences, in communication, self- management, self-confidence and the ability to learn effectively in different learning styles.