Different stages in the negotiation process, Project Management

Assignment Help:

In the face of rising costs, the senior management in PT Company has decided that significant cuts will be needed in the budgets of some of its departments. The promotional budget was singled out to be hardest hit

Explain how YE should approach the negotiation, including reference to the different stages in the negotiation process.

Negotiation is the process of satisfying needs by reaching an agreement. It is often necessary within organisations to resolve conflicts of interest among two or more parties which have arisen because the parties have different objectives. In this case, the senior management of PT Company have the object of cutting costs, whilst for YE, the Marketing Manager, the cut to the promotional budget will have a detrimental impact on the launch of the latest product range. YE will need good negotiation skills to help him to secure the budget he require.

 

 


Related Discussions:- Different stages in the negotiation process

Draw an activity-on-arrow network diagram for the project, Question: (a...

Question: (a) Back~to~Future International, a recently setup non-profit organization by the students of Fashion & Design Institute, has decided to organize a fashion show. The

Strategic project assignment, #question your team has been retained to help...

#question your team has been retained to help the company launch it''s products into the global marketplaace. each team is assigned to investigate one country market. The primary o

Discuss the project management knowledge areas, Question: (a) Project ...

Question: (a) Project Integration Management refers to the integration of the nine knowledge areas and project phases involved in coordinating project activities to ensure th

Elaborate on the importance of the project closeout report, QUESTION (a...

QUESTION (a) The project organization structure clearly identifies the relationship between project team members through defining their duties, responsibilities and lines of au

The Walsham Hotel, Compare and Contrast the KN346 investment and the "plain...

Compare and Contrast the KN346 investment and the "plain vanilla" alternative.

Developing a project plan, You are creating a customer database for the Win...

You are creating a customer database for the Winston-Salem Warthogs

Search and remove modules, Seven process modules are placed on our model, a...

Seven process modules are placed on our model, and they represent the basic functions in the model. These process modules simulate important operations such as specifying wheel cha

Threats of canon, what is the compny competitors doing?

what is the compny competitors doing?

Quality movement, QUESTION 1: (a) Explain how TWO of the given gurus h...

QUESTION 1: (a) Explain how TWO of the given gurus have contributed to the Quality Movement, highlighting the major points of their philosophies: (i) Edward Deming (ii)

Growth in outsourcing by organisations, Briefly explain the reasons for the...

Briefly explain the reasons for the growth in outsourcing by organisations. Outsourcing involves the contracting out of a business function to an external third partyprovider.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd