Module 10 Flashcards
Legitimate Power
This comes from the belief that a person has the formal right to make demands and to expect others to be compliant and obedient.
Reward Power
This results from one person’s ability to compensate another for compliance.
Expert Power
This is based on a person’s high levels of skill and knowledge.
Referent Power
This is the result of a person’s perceived attractiveness, worthiness and right to others’ respect.
Coercive Power
This comes from the belief that a person can punish others for noncompliance.
Power Based Approach
those in which a party that believes it has more power uses its power to coerce or compel the other party to concede
Interest-based approach
the intent is to reach a mutually acceptable outcome, something that is mutually beneficial to both parties.
Power and rights are used to
Distribute
Interests are used to
integrate
Rights-based approach
focuses on the legal rights of the parties and attempts to achieve a resolution that meets the relevant legal criteria of the dispute in a manner that is consistent with what would be achieved in a court setting.
Positive Leverage
What can you do for them
Negative Leverage
What can I do to get you?
Negative Leverage
What can I do to get you?
Normative
What is the counterparties normal operating procedure
Four criteria for evaluating the process and outcomes obtained by using the interests vs. rights vs. power approach
- Transaction Costs
- Likelihood of reoccurrence
- satisfaction with the outcomes
- Effect on relationship
Cialdini’s principle of influence
- Reciprocity: be the first to give
- Scarcity: The rule of the rare
- Authority: Showing knowing
- Commitment: The starting point
- liking: Making friends to influence
- Consensus (social proof): people proof, people power
How to develop an honest reputation
- Be consistent at the bargaining table
- Clearly communicate issues
- ask for feedback
- “If you were me how would you deal with this”