Capital Mortgage Insurance Corporation Essay

1. Find appropriate place with a wide-cut environment to conduct negotiations. 2. Talk to both parties to grade their detail issues that need solving, identify what is going to be needed to dumbfound solutions in the short and long term. Take note of each parties information cogitate to issue at hand which can be used to bear information during the negotiating process. 3. Make a thorough assessment of the situation in order to be able view an easier transition into the negotiation process. 4. clunk a good alternative that go forth accommodate the stipulations of the joint discernment policy.IDENTIFY AND DESCRIBE THE STEPS OF THE NEGOTIATION PROCESS1. First topic it should be done, is that parties involved in the negotiating process will share their carapace. An arranging should be reached on what is the purpose of the negotiating process, which will help to come to a solution of the issue at hand. 2. Parties should say what is that needs to be changed.3. Parties should discipline to come to a consensus approximately what will be a good settlement package. Parties should be giving an updated estimate which includes all the changes made. And break parties should be willing to trade off concessions with the goal of reaching an agreement 4. And last the negotiating parties agree to the end result of their negotiations, and also agree to abide by the agreement.IDENTIFY GUIDELINES TO FACILITATE COMMUNICATION DURING THE NEGOTIATIONMotivate negotiating parties to become liberal minded to facilitate communication. Should encourage parties to open up about themselves, attend attentively and empathize with them to process them feel that your purpose as to find a solution that best(p) fits their wants. Pay attention to detail and how the talk is conducted, you want to get to a personal level, in order to have good interactions which can go a long way. In this flesh it will be a good idea that the negotiating parties offer the shareholders alternat ives which intelligibly define expectations and time lines.IDENTIFY QUESTIONS THAT SHOULD BE ASKED DURING THE NEGOTIATIONAt the stem of the negotiating process questions be in such a way do not have a fixed answer, example what is your opinion about this company? What these type of questions do is that help the negotiating parties to make an assessment of what the opposite party wants to achieve. At no time ether party should make any concrete resolutions until there is a clear path to be taken. When the negotiating process begin either path is going to bring their purchase agreements, an effort should be made in order for them to come to a consensus on a price, once this reached an agreement should be made that parties run into that it will be the final offer and they could not go on a lower floor it.IDENTIFY THE CHARESTIRISTICS OF THE NEGOTIATION STYLES1. Adjust your behavior to empathize with fellow negotiating party in order to foster a productive negotiating environment. 2. As a negotiator understand expectations from parties in the negotiating process to produce solutions that makes them feel like they had a fair negotiating process outcome. 3. be proactive in the scholarship of information.IDENTIFY AND APPLY GUIDELINES THAT YOU SHOULD FOLLOW WHEN THIS NEGOTIATION BECOMES CHALLENGINGYou can identify when a negotiation is about to have a negative fold by observing peoples nonverbal language, this should be taken as a sign that a change of strategy merits change this can courtly as follows. 1. Share information that will help present your case better in which the other person can see an hazard to be able to also gain in the negotiating bargaining process. 2. too a strategy to use when the process takes a negative tone, the best will be to keep a posture of silence listen and observe. 3. And last when closing the negotiating process, wrap it up in such a manner that if not accepted by the other party it will give a sense that the alternative wi ll be no deal at all.