Negotiation Strategy: Key Factors and Types

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What should direct the selection of the optimal negotiation strategy?

The negotiator's combination of concerns for relationship and outcome

Why is it crucial for both parties to agree on the negotiation rules?

To ensure a good outcome for both parties

What can influence the negotiation process according to the text?

The interaction of the two parties' choices

Why should negotiators consider sharing their strategic negotiating model with the other party?

To enhance the chances of a good outcome

What does determining the importance of past and future relationships with the other party involve?

Assessing how well the two parties worked together in the past and future expectations

In selecting a negotiation strategy, what should negotiators prioritize according to the text?

Balancing concerns for relationship and outcome

What are some factors that affect the importance of the relationship between two negotiating parties?

Whether the relationship is positive or negative, the level of commitment, and the degree of interdependence

How does a congenial relationship between negotiating parties impact the negotiation process?

It may lead to avoiding escalation of emotions to maintain the congeniality

What is one factor that determines if a negotiator may want to lower the emotional level in negotiations?

The history of hostility in the relationship with the other party

How do outcome concerns influence negotiating strategy?

They indicate whether achieving a good outcome is important to the negotiator

In what scenario would a negotiator be more inclined to prioritize maintaining a good relationship over negotiating a good price?

When buying a car from a family member

What does the level of commitment to a relationship between negotiating parties indicate?

The strength of the bond and willingness to work together in the future

Learn about the key factors that determine the types of negotiation strategies. Understand the five basic types of negotiating strategies and how they depend on the relationship with the other negotiator and the outcome of the negotiation itself.

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