Exam 4: Negotiation: Planning and Strategy

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Target setting often requires considering how to package several issues and objectives.

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True

What are the advantages and disadvantages of limiting a negotiator's authority?

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Advantages: Negotiators kept on a "short leash" cannot be won over by a persuasive presentation to commit their constituency to something that is not wanted. They cannot give out sensitive information carelessly. Disadvantages: When a negotiator always has to "check things out" with those he represents, the other party may refuse to continue until someone who has the power to answer questions and make decisions is brought to the table. The limited authority may frustrate the other and create an unproductive tension in the negotiating relationship.

If the other party has a strong and viable alternative, he/she will

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C

Co-operative strategies tend to create "we-they" or "superiority-inferiority" patterns, which often lead to distortions in judgment regarding the other side's contributions and efforts, and to distortions in perceptions of the other side's values, needs, and positions.

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If intangibles are a key point of the bargaining mix, negotiators must know the point at which they are willing to abandon the pursuit of an intangible in favour of substantial gains on tangibles.

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Why may bargainers want to consider "giving away something for nothing?"

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Gathering information about the other party is a critical step in preparing for negotiation.

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Define bargaining mix.

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Reactive strategies:

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What represents the best deal we can possibly hope to achieve?

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What information do we need about the other party to prepare effectively?

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What are the four types of initial strategies for negotiators?

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A strong interest in achieving only the relationship outcomes suggests what kind of strategy?

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In an integrative negotiation, the other party may be less likely to disclose information, and/or may misrepresent their limits and alternatives.

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People downplay the importance of preparation because they think it takes too much time.

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How does the single episodic assumption affect our choice of strategy?

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Intangible issues are often easy to discuss and rank-order.

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A single planning process can be followed for both a distributive and an integrative process.

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What are the most critical precursors for achieving negotiation objectives?

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It is not possible to evaluate packages the same way as evaluating individual issues.

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