Proj 598 Week 5 Asignement

In: Business and Management

Submitted By MotoDad27
Words 993
Pages 4
Outcome in Negotiations
Week 5 Assignment – Michael D. Hicks
Professor Festus Elleh

From my readings on negotiations, I’ve realized that, one way or another, we are always negotiating, because everything we need and want in life belongs to someone else. Therefore in order to get what we want, we have to negotiate to get it. After our negotiations, we may have a win – win outcome, where everyone is happy, or we may end up in a win - lose outcome, where one side is perceived as having done significantly better at the expense of the other side. For this assignment I am writing my personal experience which end up with a win – lose outcome (on this case, the other guy was the winner, and I was the loser). This happened to me about a month ago, when I decided to sell one of my two cars. I took the decision to sell my car for two reasons: first, owning a second car was just increasing my expenses, and second, I needed money to go on vacation with some friend’s. By this time, I had already bought my plane tickets, but I needed some extra money to spend on the trip. Anyway, so I decided to post a “for sale” sign on my windshield, like many people do when they want to sell their car. One week had passed and I had no luck selling my car. I have to admit that I was getting a little concerned because I was really looking forward to selling this car and getting the money for it. Two or three days before my trip, to my surprise, someone had left a message on my cell phone. It was a gentleman saying that he was very interested in buying my car if the price was reasonable. I contacted this guy as soon as possible and I informed him the amount of money I was asking for the car. He replied that it was probably more than he was willing to pay. Since I did not want to lose a potential buyer, I said that I was willing to negotiate. The text states that a…...

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