Real World Negotiation
To encourage you to think about the many, everyday opportunities to negotiate, and to improve your negotiating skills, you need to go out and negotiate in the real world. You can negotiate for anything you like – a hotel bill, a signing bonus, a piece of jewelry, who will clean the bathroom or do the dishes, who gets the bigger room in the apartment…anything at all. Please note that you do not have to buy anything to complete this assignment. On the contrary, you may be on the selling side in the negotiation, or your negotiation may not involve a purchase at all. Please note: This assignment requires that you engage in a NEW negotiation. It is not sufficient to simply an analyze a negotiation that you experienced prior to the course. There are two rules for the real world negotiation assignment. 1. You may not tell the person you are negotiating with that this is for a class project until the negotiation is completed (and then you can decide whether or not you want to tell). You are not allowed to resort to a plea of “Please help me out for a class.” 2. You are not allowed to engage in a negotiation that you do not intend to follow through with if the outcome you desire is obtained. For example, you must be willing (at some price, under some conditions) to acquire the item for which you are negotiating. Do not start a negotiation in which you would never want to come to agreement. Your paper should contain a description of the negotiation, your preparation for it, and a description of the outcome. You should include several of the relevant course concepts that played a role in the negotiation (e.g., issues, interests, priorities, BATNAs, aspirations, outside parties, constraints, etc.). Stronger papers provide a better analysis, clear and correct links to concepts, and are coherent and well-written. Page 5 of 6 ______________ Extra Credit (up to 2 points) ______________ Cancelled Classes Disability Accommodations Student resources Academic Grievances Your grade for the real world negotiation paper will be based on the following criteria: • Quality (5 points): Is it well written? • Analysis (10 points): Have you correctly employed key concepts to assess the strategic landscape of the negotiation? How well have you applied your learning from the course to your analysis of this case? • Self-Reflection (10 points): Have you linked your experiences with your goals for the course, your strengths and weaknesses? What have you learned about your negotiating style and skills from this negotiation experience? What would you do differently in the future? NOTE: You will not be penalized for writing about a failed negotiation – we can learn as much from negotiations that fail as we can from those that succeed! Your real world negotiation should be nearly 3 single-spaced pages in length. Your name and section number should be at the top of the first page. Please do not add a cover sheet or folder/binder. This paper is due at the beginning of our last class. See the schedule for details.
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Abstract.
Moving to a bigger house has always been my plan since the beginning of the year. My current neighborhood is rife with insecurity; hence, moving to the suburbs remains my only option. Nonetheless, this move means that I will have to not only negotiate with my new realtors but also my financial manager. My portfolio manager indicate that moving into a bigger house in a posh neighborhood will require that I offset certain assets or renegotiate my mortgage deal with my bank. Nevertheless, selling my countryside farm is not an option; therefore, I intend to negotiate a better deal.
Introduction.
The culturing of the long-lasting business relationship is based on the art of negotiations and conflict resolution. Therefore, the training on good negotiations entails understanding strategy and how to relate to the other party. Negotiations remain all about changing one’s perspective to accommodate, a rather uncomfortable or inconvenient proposal. Hence, in the course of our lives, we have to negotiate on specific issues. Additionally, negotiation is an exchange between two parties that remain intently in communication.
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