Negotiation and Decision Making Strategy Essay Example | Topics and Well Written Essays - 3000 words

Negotiation and Decision Making Strategy - Essay Exampleis enjoying increase sales but along with that success comes the need to obtain additional w atomic number 18ho accustom space. In this market, competition is fierce among those on the waiting list, and the rates ar high. Financial issues include signing premiums, common area maintenance (CAM) charges, and term commitments of at least one year. The comp both has been notified that there is an opening at the industrial sight where it has been on the waiting list for several months. The property management company willing be attempting to obtain the highest lease rate for the longest thinkable term, with as many add-on charges as possible. The goal of this negotiation will be to obtain the needed space without overpaying on the lease itself, reduce the amounts of any extra charges, and obtain a lease term that is long enough to satisfy the property management company without locking ABC Ltd. into space it whitethorn outgrow in the next seven years. The negotiation will take place in the conference room at the management companys corporate headquarters, with the commercialised Division Manager, Ms. Fuentes.1. Body Language - In terms of aiding or hindering parley, body language can be a very powerful. The improper use of eye contact, body positioning and other nonverbal cues can wee-wee the other party to think that you are not listening, dont agree, or are disinterested.2. 2. vocal Delivery - Successful communication is not just about what you say, but how you say it as well. There are many lists of phrases or attitudes that block communication, including things uniform being rude, patronizing, or sarcastic. The bottom line is to communicate understanding and a cooperative attitude.3. Stress - In any negotiation, individual stress can cause communication to be misinterpreted or not received at all. It is very important that an individual be calm and not suffer anxiety during the caterpillar tread of a negotiation so that he or she can truly hear what the other side is saying and form the appropriate connection that leads to a successful conclusion.4. My Actions - In this negotiation with the property management company, it will be important that I form a good connection with Ms. Fuentes. I am ultimately going to be trying to emerge with an equitable arrangement that meets her clients needs as well as that of my own company. To accomplish this goal, I will need to try that I am an effective and engaged communicator and avoid giving negative impressions that block the process.A. I will use nonverbal techniques to demonstrate that I am very interested in what Ms. Fuentes has to say. The techniques I will use will include frequent eye contact with her as we are speaking, facially responding to the points that she makes so as to encourage an open and amicable environment, leaning into the table towards her when I am speaking or when she is making a particularly important point, a nd allowing comfortable silences to happen so that I dont communicate too much intensity.B. I will use verbal techniques to encourage the discussion, while avoiding the communication blockers of which I am aware.