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

Negotiation and Decision Making dodge - Essay Exampleis enjoying increased sales only along with that success comes the need to obtain excess warehouse space. In this market, competition is fierce among those on the waiting list, and the rates are high. Financial issues hold signing premiums, common area maintenance (CAM) charges, and term commitments of at least one year. The company has been nonified that thither is an opening at the industrial sight where it has been on the waiting list for several months. The property circumspection company will be attempting to obtain the highest lease rate for the longest possible term, with as some add-on charges as possible. The goal of this talks 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 lavish to satisfy the property management company without locking ABC Ltd. into space it may outgrow in the next seven years. The negotiatio n will take place in the conference room at the management companys corporate headquarters, with the Commercial Division Manager, Ms. Fuentes.1. Body Language - In terms of aiding or obstructive communication, be language can be a very powerful. The improper use of eyeball contact, body positioning and other non communicatory cues can cause 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 like being rude, patronizing, or sarcastic. The bottom line is to communicate understanding and a cooperative attitude.3. Stress - In any negotiation, various(prenominal) 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 course of a negotiation so that he or she can truly hear what the other side is saying and lay d knowledge 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 freeing 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 demonstrate that I am an effective and engaged communicator and forfend 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, angle into the table towards her when I am speaking or when she is making a particularly important point, and all owing pleasant 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.