Negotiation Midterms Reviewer

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Flashcards for Negotiation Midterms Review

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32 Terms

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Negotiation

An interpersonal decision-making process between two or more parties to reach a mutually beneficial agreement.

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Setup

Preparation and planning in negotiation.

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Structure

Organization of participants in negotiation.

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Discussion

Offers, counteroffers, compromises in negotiation.

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Distributive Negotiation

Win-lose negotiation (e.g., haggling price).

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Integrative Negotiation

Win-win negotiation (e.g., supplier contracts).

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Competitive Negotiation

Aggressive, win-focused negotiation.

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Compromising Negotiation

Middle ground agreements in negotiation.

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Power-Based Negotiation

Using authority to gain advantage in negotiation.

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Negotiation strategies

Structured preparation and tactical planning to achieve the best outcomes in negotiations.

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BATNA

Backup plan if negotiation fails.

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Target Point

Ideal outcome in distributive bargaining.

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Resistance Point

Walk-away limit in distributive bargaining.

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Initial Offer

First proposal to anchor negotiation.

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ZOPA

Zone of Possible Agreement.

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Negotiation Power

Ability to influence negotiation outcome.

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Cross-Cultural Negotiation

The process of negotiating between parties from different cultural backgrounds.

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Ethics in Negotiation

Applying moral principles during negotiations to maintain trust and fairness.

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Conflict

Happens when two or more parties have incompatible goals, interests, or values.

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Intrapersonal Conflict

Conflict within oneself.

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Interpersonal Conflict

Conflict between individuals.

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Intergroup Conflict

Conflict between groups or teams.

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Interorganizational Conflict

Conflict between organizations.

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Competing (Conflict Resolution)

One party aims to win in conflict resolution.

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Collaborating (Conflict Resolution)

Both parties seek a win-win in conflict resolution.

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Avoiding (Conflict Resolution)

Withdrawing from conflict.

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Accommodating (Conflict Resolution)

Prioritize others over self in conflict resolution.

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Compromising (Conflict Resolution)

Each party gives up something in conflict resolution.

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Conflict management

The process of identifying, addressing, and resolving conflicts in a structured and efficient manner.

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Contingency Approach

No single conflict management strategy works for every situation. Different strategies fit different conflicts. Flexible response is key.

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Conflict Mapping

a visual representation of conflict that identifies stakeholders, their interests, and potential solutions.

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Conflict Tracking

measure resolution effectiveness and identify recurring issues.

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