Wednesday, May 6, 2020

Negotiation Training Day 5

On day 5, various alternative and options for bank and agriculture business is discussed. This class is used to clarify the dilemma.

alternative = outside the subjects
options = inside the subjects (part of contract)

Q: What are the alternative and options of bank merging between ABC and XYZ?


When we stay at negotiation, we don't need to talk about alternative. we only need to think about it.
alternative (single party), option (2 parties)

collaboration => fully satisfied, pie-enlarge
comprimizing => partially satisfied, pie-divided

bargaining vs heggling
strength vs power
Due Dependence Audit (DDA) manipulation (monetary, non monetary, non tangible - value based on attributes):- reliable, relevant, assumption, estimate
  

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