Week 5 - Situational factors Flashcards
What does Curhan et al., 2010 means with Subjective value (SV)?
Social, perceptual, and emotional consequences of a
negotiation.
- Has a valence in that it refers to the positivity or negativity of a social psychological outcome.
According to Curhan et al., 2010, Subjective Value encompasses four factors:
1) Instrumental SV
2) Self SV
3) Process SV
4) Relationship SV
Instrumental SV (Curhan et al., 2010)
The economic outcome is beneficial, balanced, and consistent with principles of legitimacy and precedent;
Self SV (Curhan et al., 2010)
Losing face versus feeling competent and satisfied that one has behaved appropriately
Process SV (Curhan et al., 2010)
The perception that one has been heard and treated justly,
and that the process was efficient;
Relationship SV (Curhan et al., 2010)
Involves positive impressions, trust, and a solid foundation for working together in the future
Relationship Marketing (Curhan et al., 2010)
Fostering close relationships between buyers and sellers or channel partners, is economically advantageous
Name 3 reasons why SV is important to negotiators according to Curhan et al., (2010)
1)It can serve as a good in itself;
2)Can influence learning and future behaviors;
3)The SV resulting from one negotiation may feed back, positively or negatively, into future economic outcomes.
Curhan et al., 2010 states that SV is objectively valuable in negotiation. Why?
Subjective impressions appear to pay off economically in subsequent negotiations
When could SV be inherently valuable according to Curhan et al., 2010?
When negotiators attempt to maximize socio-emotional rewards aside from instrumental rewards
How did individuals perform in terms of objective value in the second negotiation (Curhan et al., 2010), and what was the factor influencing this outcome?
Individuals earned more objective value in the second negotiation if they had experienced greater Subjective Value (SV) in the first negotiation.
What impact did partners’ total Subjective Value (SV) in the first negotiation have on the creation of joint value in the second negotiation for negotiation dyads, and which types of SV were significant? (Curhan et al., 2010)
Negotiation dyads created more joint value in the second negotiation if partners had experienced greater total SV in the first negotiation. This effect was significant for global, instrumental, and relationship SV.
How did negotiators’ perception of their first settlements impact their subsequent motivation and effort, specifically concerning instrumental Subjective Value (SV)?
Negotiators who felt that their first settlements were favorable, fair, and balanced may have benefited subsequently from greater motivation and effort.
According to Wang et al., (2012) What tends to happen when negotiators express anger, and what is the broader implication for negotiators’ future opportunities and outcomes?
They tend to receive larger concessions and claim more value. This suggests that negotiations can shape reputations, which are a critical asset that can significantly influence negotiators’ future opportunities and outcomes.
What do individuals care about according to Curhan et al., (2010), in a negotiation or agreement situation, besides the final outcome?
The fairness of their treatment in the process