Exam 14: Best Practices in Negotiations

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Typically, the value claiming stage will precede the value creation stage.

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False

The best negotiators:

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Effective negotiators are thoughtful about the distinction between issues of principle, where firmness is essential, and other issues where compromise or accommodation is the best route to a mutually acceptable outcome.

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When the difference between your terms and the other negotiator's BATNA is small, then negotiators have more room to manoeuvre.

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At the root of many intangibles are:

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While negotiations do follow broad stages, they also ebb and flow at consistent rates.

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Why is preparation so important for negotiators?

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Negotiators should choose their strategies and tactics based on whether they are facing a distributive negotiation, an integrative negotiation, or a blend of the two.

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provides the other party with a clear set of predictable expectations about how you will behave, which leads to a stable reputation.

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Negotiators have more power in a negotiation when their potential terms of agreement are:

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Negotiator reputation is generally left to chance; negotiators can do very little to shape and enhance their reputation.

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Negotiation is an integral part of daily life and the opportunities to negotiate surround us.

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Negotiators should make a conscious decision about whether they are facing a fundamentally distributive negotiation, an integrative negotiation, or:

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Negotiators who take the time to pause and reflect on their negotiations will find that they will have trouble remaining sharp and focused for their future negotiations.

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In any negotiation situation the BATNA is the most optimal outcome.

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Why do negotiators need to manage the paradox between sticking with their prepared strategy and pursuing a new opportunity that arises during the process?

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Negotiators who are better prepared have numerous advantages.

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Research suggests that too much knowledge about the other party's needs can lead to a:

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Strong negotiators are aware of how both tangible and intangible factors influence negotiation, and they weigh both factors when evaluating a negotiation outcome.

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Consistency and fairness are two essential ingredients in forming a good reputation.

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