Rules for the negotiation process


Problem:

You are close to reaching an agreement in a negotiation with another company regarding staggered delivery dates and an aligned release of payments plan proposed by you; however, one of the team members from the other company expresses his reluctance to accept your plan as it is and insists on modifying it. Please respond to the following:

Required:

Question 1: Describe some specific techniques that can be used to lessen the person's reluctance, thereby reducing the need for a third party to intervene and manage negotiations.

Question 2: Explain how these techniques are consistent with the rules for the negotiation process.

Question 3: Analyze, evaluate, and discuss whether it may be best to walk away from negotiations due to the above turn of events.

Note: Explain in detail.

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Accounting Basics: Rules for the negotiation process
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