Sunday, May 24, 2020

Negotiation Scenario - 1097 Words

Real World Negotiation - A Family Vacation All Inclusive, 7 night vacation in the Mayan Riviera; heaven†¦ with family! A total of 15 people decided to plan a vacation. Throw a few people that are extremely stubborn with a few that are picky and some that are price sensitive and you have a messy multiparty negotiation. Luckily we all agreed on the location quickly as most of the group has not travelled there before. Out of the 15 people, 7 were the decision makers / negotiators – those are the ones that had to agree on date, price and hotel. In addition, one couple was unable to join us until a few days later so some people wanted a date that is closest to them and others were deciding strictly on price. The parties negotiating†¦show more content†¦Luckily as we were about to book, the price for the Sunday flight went down below the Saturday flight. The final price for those travelling Sunday and Monday was $955 – higher than my target but below my re servation point. This lifted the tension and all parties were now satisfied with the outcome as it was well below our reservation point and we all paid equally. One of the more patient group members acted as a mediator and heard both sides and tried to find alternatives. Walking away from the situation helped as well – we would end the discussion and resume it at another time when everyone was calm. It also helped that we were prepared. When each person was presenting an argument they had solid facts to support it – this made it difficult to argue against some of their points but ultimately it was better overall for the group. At times it was also really difficult to understand the other person’s point of view as it did not align with ours. In my opinion, from a financial perspective, those that are indifferent to the price point should be considerate to those that are sensitive to price. The point is we are all going on vacation together and the goal is t o have fun. Overall the negotiation has not affected the group. There was some tension during the process itself, but after we booked, it seemed that theShow MoreRelatedConflict Negotiation Scenario1023 Words   |  5 Pagesï » ¿Running head: CONFLICT NEGOTIATION SCENARIO Conflict Negotiation Scenario University of Phoenix HCS587 Conflict Negotiation Scenario TradeStation Securities is an online brokerage company where I was employed as the Client Service Director in charge of the Florida and Chicago Client Service Associates which, totaled 90 employees. Due to the strict rules and regulations of the Financial Industry Regulatory Authority (FINRA) any employee handling brokerage accounts for customers must haveRead MoreNegotiation Process For College Students1488 Words   |  6 Pageswitnessing a wide variety of negotiations almost on a daily basis. 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