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Please help to answer this 2 questions and give examples Negotiation has been defined in a number of ways. It can be thought of as
Please help to answer this 2 questions and give examples
Negotiation has been defined in a number of ways. It can be thought of as an interactive communication process may take place whenever we want something from a supplier. It is basically a joint agreement. Handfield et al. (20 define negotiation as a process of formal communication, either face to face or via electronic means, where two or ma people, groups, organizations come together to seek mutual agreement about an issue or issues. Negotiation involv mation and power between individuals and organizations. The authors mention that an important part of negotiation is realizing that the process involves relationships betwee people, not just organizations. An important part of negotiation involves each party trying to persuade the other party do something that is in its best interest. The process involves skills that individuals with the correct training an You are required to provide: 4.1 The definition of constructive negotiation, and, 4.2 A brief discussion on SIX(6) circumstances under which negotiation can occur. QUESTION 5 (7 marks ) (18 marks) (25 Marks) There are many pros and cons of global sourcing. The discussion entails those who are risk takers, those forced to take risks and those that are risk averse. We live a global/worldwide market and all companies enter into agreements which benefit their own economies and societal needs. In light of the above statement, provide FIVE (5) reasons why a company would choose to source products and services vorldwideStep by Step Solution
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