Prepare a policy for negotiation to ensure ethical practices

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Reference no: EM132600467

Assignment: Negotiation Strategy Memo

Competency: Integrate negotiation strategies with legal decision-making to ensure policies and practices reflect ethical values.

Scenario: You are the HR Manager of medium-sized, independently owned hardware and home improvement store. The CEO has confided to you that one of the suppliers of hand-held tools is about to increase their wholesale prices by 12%. The CEO considers this increase to be far too high and wants to negotiate a lower price increase that would be more advantageous for the company. The CEO has asked you to prepare a policy for negotiation in which you provide recommendations for an appropriate strategy to go into the negotiation process with the supplier.

Instructions: Prepare a policy for negotiation to ensure ethical practices that:

• Demonstrates the need to establish a decided outcome of the negotiation in advance.

• Describes the steps of a negotiation strategy which reflect ethical values.

• Provides suggestions for at least two BATNAs (best alternatives to a negotiated agreement) and why they are needed.

• Provides attribution for credible sources used in the policy document.

Resources

Article Databases:

• Business Source Complete via EBSCO

• Business via ProQuest

• ASP: Human Resource Management Online

Reference no: EM132600467

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