
Concessions in a Negotiation
Interactive Video
•
Business
•
University
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
The video tutorial explains the role of concessions in negotiations, highlighting their strategic use in reaching agreements. It discusses the zone of potential agreement, timing, frequency, and magnitude of concessions, and how they can reveal information about the other party. The importance of procedural fairness and the emotional impact of concessions are also covered.
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3 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is meant by a 'zone of potential agreement' in negotiations?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Why might a party perceive procedural unfairness in a negotiation?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Discuss the emotional impact of concessions on the negotiation process.
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