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How to define the bargaining mix?

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

[cite] Next Article: Prioritize the issues in a negotiation Back to: NEGOTIATIONS How do parties define the issues or negotiation goals, known as the bargaining mix? Developing a negotiation strategy usually begins with an analysis of what is to be negotiated or the...

Prioritizing Issues in Negotiation

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

[cite] Next Article: How to frame up a negotiation? Back to: NEGOTIATIONS How does one prioritize the issues in a negotiation? When there are more than one interest in a negotiation, those interests should be dealt with collectively. Poor negotiators generally address...

American Code for Information Interchange – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is the American Code For Information Interchange?The American Code for Information Interchange (ASCII) is a standard code for transmitting data for the purpose of electronic communication. The ASCII is a code that represents all the English characters such as...

Asymmetric Information – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is Asymmetric Information?Asymmetric information refers to a situation in a contractual agreement or economic transaction where the two parties involved have disproportionate information. Restated, when one party has greater information and material knowledge...

PRAM Model – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

What is the PRAM Model?PRAM is an acronym which means: P – Plans R – Relationships A – Agreement M – Maintenance PRAM is a sequential model often used for parallel algorithms and parallel computation. PRAM is also a model applied in...

Communicating through Speeches – Explained

by TheBusinessProfessor | Feb 23, 2025 | Business Communications & Negotiation

Organizational Approach in Writing Speeches Topic – Choose a topic that sparks your interest. Purpose – Other than informing, you also need to find a goal for your speech. Decide what do you want to accomplish by making this speech. Audience – Think...
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