Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Why is negotiation such an important part of the purchasing process?
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- When was a time in personal or professional life where a goal affected the negotiation process? What was the goal, and how did it influence the negotiation?arrow_forwardHow do organizations handle potential vendor-related risks, such as company solvency or geopolitical concerns, during IT acquisition decisions?arrow_forwardHow do antitrust laws address issues related to bid rigging and collusion in public procurement processes?arrow_forward
- Why do business negotiations often avoid or ignore contingency contracts as options for creative agreements?arrow_forwardHi, please read the attachment and answer the questions below. I am the buyer in this negotiation. What strategies will you be using in the negotiation? Do you want to make the opening offer? Why or why not? What strategies do you expect to see from your counterparty? How will you prepare to meet those strategies? Given your scenario, what other information is important for you to keep in mind while negotiating?arrow_forwardWhy competition bidding is not very likely in regulated industries such as electricity distribution and telecommunications?arrow_forward
- Discuss trading in face-to-face auctions, dealer markets, and automated trading platforms. How are they the same or different?arrow_forwardWhat are the five (5) stages of negotiation? Provide examples in your response.arrow_forwardPlease describe in as much detail as possible the different ways we can source dealsarrow_forward
- What are some of the misperceptions about the meaning of a win-win negotiation? Why do these misperceptions contribute to leaving money on the table in negotiation situations?arrow_forwardHow can the bargaining power of suppliers and that of buyers impact the industry?arrow_forwardHow do customers evaluate proposals? What factors might they consider? Describe two different types of contracts, when each should be used, and the risks associated with each.arrow_forward
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