1. Meaning of Negotiation (100 words) 2. Negotiation stages (200 words) 3. Advantages of Negotiation (100 words) 4....

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General Management

1. Meaning of Negotiation (100 words)
2. Negotiation stages (200 words)
3. Advantages of Negotiation (100 words)
4. Conclusion (50 words)
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Meaning of Negotiation A negotiation can be termed as an openended dialogue process where the involved parties two or more in number want to reach an outcome to a conflict involving one or more issues The outcome may be beneficial for one two or all the parties of a negotiation process During the negotiation the negotiating parties can compromise and optimize their utilities and also agree on certain matters related to mutual interest Understanding the negotiation process better will help the negotiators achieve profit establish a relationship avoid conflict andor close the deals among other achievable Negotiation is carried out in all business and other organization internally and externally and maybe one of the most important and commonly occurring interactions between various groups Stages of Negotiation The five steps of a negotiation process are given below See Answer

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