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Personal Negotiations

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Personal Negotiations

MGT/445

November 14, 2011
Thelma Clark

Personal Negotiations

In life, whether it is personal or business, one will negotiate terms of sorts and it will likely be often. When a person goes to buy a new car, purchase a home of their own, or have a garage sale, negotiations take place. In business, one can negotiate a salary, work schedule, or position within the company. Businesses will often negotiate with other businesses in order to expand, purchase, or sell goods and services. When specifically thinking about personal negotiations that I have participated in, a few come to mind. As a child and young adult, board games were a common part of weekly routines. This past May, I purchased a new car and presently, my husband and I are negotiating to purchase a home. According to Coltri, negotiation is “the process in which disputants seek to resolve an interpersonal conflict through dialogue or another form of communication. In negotiation, the disputants themselves decide mutually whether, and on what terms the conflict should be resolved” (p 602, 2004). The dispute that two parties need to resolve can be the price of a car, the features that are included in the price, the condition that the home to be purchased is in, or the amount of goods that are included in a deal. A strong example of negotiation would be during a brutal game of Monopoly between family members. After properties are owned and hotels are built, opposing members must pay rent. For certain properties, the rent can be quite expensive. The member that owes the rent has a few options; pay the rent, mortgage out or sell their own properties, or negotiate new terms with the land lord to stay in the game. Sometimes this may include a trade of other game pieces, free visits on other properties, or whatever terms the two parties can agree apon and as far

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