Saturday, March 17, 2012

Mastering Business Negotiation | NY Essay

Concentrated Knowledge? for the Busy Executive ? www.summary.com

Vol. 29, No. 3 (3 parts), Part 2, March 2007 ? Order # 29-07

FILE: SUCCESS/CAREER

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A Working Guide to Making Deals and Resolving Conflict

MASTERING BUSINESS NEGOTIATION
By Roy J. Lewicki and Alexander Hiam

THE SUMMARY IN BRIEF
Mastering Business Negotiation is a handy resource for any leader or manager who needs practical strategies and ideas when conducting business negotiations. The authors ? one a professor of Management and Human Resources at Ohio State University, the other a principal of a firm that specializes in training for leadership, conflict resolution and business strategy ? base their conclusions on solid research and their many years of experience in the field. With this book, they have reduced the huge volume of available information into an easily accessible resource for busy executives who need to prepare for everyday negotiations as well as for more complicated situations. The authors contend that the basic skills and techniques of what they call ?the master negotiator? are essential for resolving conflicts, handling difficult conversations, protecting oneself against a competitor and managing good business deals. Their techniques and suggestions cover negotiating from a variety of perspectives and parameters, from simple to complex. Many are based on the importance of the relationship between the negotiating parties and the respective levels of importance they place on the outcome. Specific tactics used during negotiations are detailed, such as collaboration, compromise, how and when to divulge true intentions, how to spot and use deceptions, and others. Invaluable for business executives, the book is also useful for more informal day-to-day negotiations on the job such as selling, buying and team building. In this summary you will learn how to: ? Understand the game so you can better control what happens. ? Predict the sequence of negotiation activities. ??

Source: http://nyessay.com/chemistry/mastering-business-negotiation/

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