Week 2 Flashcards

Contract Negotiation

1
Q

Describe the difference between positional bargaining and principled negotiation.

A

Positional bargaining describes a situation where people hold there positions tight, stalling settlements. In Principled Negotiation people recognise the human side and non human problem.

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2
Q

What is the aim of principled negotiation?

A

To create an environment of creativity, that is mutually beneficial and helps build long term relationships.

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3
Q

Name the 4 components of principled negotiation.

A

People, Interests, Options, Criteria

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4
Q

What is BATNA

A

Best alternative to a negotiated agreement.

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5
Q

What are the 6 steps to a negotiated agreement?

A
  1. Preparation
  2. Opening up negotiation
  3. Conducting negotiation
  4. Moving towards agreement
  5. reaching agreement
  6. Following up negotiation
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