Question: The basic elements of a integrative bargaining situation, also referred to as competitive or win-win bargaining: There are some negotiations in which its in your
The basic elements of a integrative bargaining situation, also referred to as competitive or win-win bargaining:
- There are some negotiations in which its in your interest to find a solution in which both parties feel as if they gained something in the deal. This is known as integrative bargaining, and the best way to think about this strategy is that its a win-win for both parties.
- The idea is that youre negotiating in such a way that you take the other partys wants, needs, fears, and concerns into the equation.
- Instead of simply worrying about losing less than the other party, you are looking for a solution in which both parties have to give up something to finalize the deal.[1]
briefly give a detailed example of a situation that you successfully negotiated where you used integrative bargaining tactics as described above.
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