Differences in time preferences have the potential to create value in a negotiation."
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Explanation:
Differences in time preferences have the potential to create value in a negotiation. Conflict doesn't usually occur
when the two parties are working toward the same goal and generally want the same outcome.
Negotiation is a strategy for productively managing conflict.
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1) separate the people from the problem; (2) focus on interests, not positions; (3) generate options for mutual gain; and (4) use objective criteria to make decisions. The negotiator who favors "principled negotiation" does not rely on a forceful personality, or on a position of power in the relationship.
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