This presentation discusses the concepts of negotiation and conflict in business organizations. It explores the types of negotiation strategies and the role of third parties in negotiations. It also highlights the positive consequences of conflicts and the stages in the conflict process.
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NEGOTIATION
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CONFLICT Conflictisaprocesswhichbeginswhenoneparty eventually perceives the other and due to this, any of the party gets negatively affected. Each and every business organisation faces the problem of workplace conflict and they have to take relative steps in order to solve them as soon as possible to maintain and promote harmony in the firm. Some of them has been discussed as below: Incompatibility of goals and objectives Difference in the interpretation of facts and figures Majordisagreementwhichisgenerallybasedonthe behaviour expectations
Different stages in the conflict process Stage I: Potential opposition Communication Structure Personal variables Stage II: Cognition and personalisation Perceived conflict Felt conflict
Positive consequences OF conflicts Positive consequences relating to conflicts lead towards new ideas, growth and development. Generally, it affects innovation and creativity process in the business venture. Motivates change and focuses on new approaches as well as the ideas. Promotes effectiveness in the organisation. Serveasasafetyvalveforindicatingproblemsand bringingthesameinfrontofeveryonesothatbest decision can be taken into consideration.
NEGOTIATION Negotiation can be defined as a process where two or more parties generally exchange goods and services and make a positive attempt to agree the same on exchange rate which is accepted by the both the parties. Further,negotiationisalsoconsideredasasettlement between two or more parties who generally intended to reach towards a common beneficial outcome. With this process, people generally focuses onsetting down the differences and also disputes within the business enterprise
Types of negotiation in business organisation The types of negotiation strategies has been divided into three major categories and the description of the same has been given down under: Managerial negotiation Commercial negotiation Legal negotiation
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Third party negotiation Different parties who are the part of the same and the role of these third parties has been discussed down under: Mediator Arbitrator Conciliator Consultant
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