Discuss the four ways, outlined in Chapter 9, in which contingent contracts can improve the outcomes of negotiations for both sides.

which contingent contracts can improve the outcomes of negotiations for both sides

Discuss the four ways, outlined in Chapter 9, in which contingent contracts can improve the outcomes of negotiations for both sides.

Response should be 200 wrds or more and CITED

2.Recently, General Motors and the United Auto Workers had to sit down and negotiate a change in the labor agreement in order to keep the company from going bankrupt. Consider what might have gone on during these negotiations and discuss how framing might have been used, and what issues might have been discussed, in order to reach an acceptable agreement.

Response should be 200 wrds or more and CITED

3.Eventually, the United States and Iran will have to sit down and negotiate the use of nuclear power. Discuss the issues that could be involved in such a negotiation. What cognitive mistakes might be made by the negotiators in this case? How could these mistakes be overcome in order to reach an acceptable agreement?

Response should be 200 wrds or more and CITED

4.We have each had to negotiate during the process of purchasing a home or automobile. Analyze the last major purchase that you were involved with and discuss that purchase in terms of the decision-analytic approach. What was your BATNA and how did that come into play?

Response should be 200 wrds or more and CITED

Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th ed.). Hoboken, NJ: Wiley.

Chapter 9: Making Rational Decisions in Negotiations

Chapter 10: Negotiator Cognition

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Question 1

            Negotiation of a contract is the process through which parties take part in discussions that are aimed at forming part of a contractual agreement. Negotiation of a contract also entails the giving and taking of both parties to ensure they come to an agreement. A contingent contract refers to a type of contract whose fulfillment is dependent on the occurrence of another activity. There are several ways in which these contracts…..

APA

937 words

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