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home / study / business / operations management / operations management questions and answers / establish a table for the following events: hostage release; divorce; employment contracts; ... Question: Establish a table for the following events: Hostage release; Divorce; Employment Contracts; Mortg... Establish a table for the following events: Hostage release; Divorce; Employment Contracts; Mortgage; Car Purchase; Raise. Assess for each of the previous events the critical balance of power issues outlining what unique solution for both parties is a “win-win” agreement. Finally assess what makes for the payoff of value, what definition is used for value, how is value derived, how can negotiations help clarify what value should be mutual to both parties, and why and where should value be positioned in the negotiating process.
Explanation / Answer
Let us take the following 6 issues along with examples and hence analyze these issues:
Taking the above issues, now let’s try to solve them one by one understanding the values involved and how negotiations can help both of the parties.
Issue
Party1 (Initiator)
Party2
Values to be considered
Win-Win Situation
Hostage Release
Terrorists
Government
Doctors have to be released
As the doctors have to released anyhow, the Government somehow have to cooperate with the terrorists, the correct situation would to try to negotiate them for now and settle the matter for 25-30 million USD. Once all the doctors will be released, the government should try and arrest the terrorists by making a trap for them while giving them the money. This will prove the Government to be very supportive for the public.
Divorce
Mrs. Y
Mr. X
Daughter custody
Now in this case, the main issue is the daughter’s custody, who will raise her. Like in most cases the custody should be given to the mother but the father should be allowed to meet her daughter whenever he likes. Also, Mr. X have to pay a sum of 2000 USD per month for her daughter to Mrs. Y.
Employment Contract
Mr. M
ABCD company
Company’s reputation and Employees mental condition
By talking to Mr. M, his problems should be listened and accordingly actions have to be taken, assuring him that the company values him. As he is having issues with his boss, he should be transferred to some other place in order to settle the case then and there. Also, necessary investigation and actions should be taken against his boss. This is how company can avoid a case against them.
Mortgage
Mr. P
DEF Bank
Mr. P’s home and bank’s money
As Mr. P is having a very good credit score and he have been faithful, so his condition should be considered and the interest on his loan amount can be waived off, also the bank should help him out to start a new employment. Mr. P should sign an agreement stating that he will return the money of the bank at the earliest otherwise his house would be confiscated. This will help bank to get the money back.
Car Purchase
Mr. B
Car Company
Mr. B’s willingness to buy his dream car
Mr. B can consult the car company and try to convince them to arrange him a loan so that he can purchase the car he wants. Which will also add a customer for the car company.
Raise
Mr. Z
IJK Company
Faithfulness of Mr. Z
As Mr. Z have been faithful employee from past 20 years and actually an asset for the company, so the company should consider his request and give him a promotion with little raise. So ultimately, IJK will not lose a valuable employee.
So, without a doubt negotiation can help to solve the case helping both the parties. Listed below are some of the advantages of negotiation:
• In procedural terms, negotiation is maybe the foremost versatile kind of dispute resolution because it involves solely those parties with associate interest within the matter and their representatives, if any. The parties square measure liberal to form the negotiations in accordance with their own desires, as an example, setting the agenda, choosing the forum (public or private) and distinctive the participants. By making certain that each one those that have associate interest within the dispute are consulted concerning their disposition to participate which adequate safeguards exist to forestall inequities within the talks method (i.e., associate imbalance in power between the parties), the possibilities of reaching associate agreement satisfactory to all or any square measure increased.
• Like any technique of dispute resolution, negotiation cannot guarantee that a celebration are going to be roaring. However, several commentators feel that negotiations have a larger risk of a roaring outcome once the parties adopt associate interest-based approach as critical a positional-based approach. By that specialize in their mutual desires and interests and also the use of mechanisms like objective standards, there's a larger probability of reaching associate agreement that meets the wants of the parties. This can be generally mentioned as a “win-win” approach.
• Negotiation may be a voluntary method. Nobody is needed to participate in negotiations ought to they not want to try and do therefore.
• There is not any would like for recourse to a third-party neutral. This can be vital once none of the parties desires to involve outside parties within the method, e.g., the pertain be mentioned or the dispute to be resolved could also be sensitive in nature.
• Unlike the outcomes of sure judgment processes, e.g., the courts, the result of a negotiation solely binds those parties World Health Organization were concerned within the negotiation. The agreement should not, of course, be contrary to Canadian law (e.g., associate agreement to commit a criminal offense would be outlawed and so void for public policy reasons).
• Assuming that the parties’ square measure negotiating in honesties, negotiation can offer the parties with the chance to style associate agreement that reflects their interests.
• Negotiations could preserve associated in some cases even enhance the link between the parties once an agreement has been reached between them.
• Opting for negotiation rather than proceedings could also be less costly for the parties and will cut back delays.
Issue
Party1 (Initiator)
Party2
Values to be considered
Win-Win Situation
Hostage Release
Terrorists
Government
Doctors have to be released
As the doctors have to released anyhow, the Government somehow have to cooperate with the terrorists, the correct situation would to try to negotiate them for now and settle the matter for 25-30 million USD. Once all the doctors will be released, the government should try and arrest the terrorists by making a trap for them while giving them the money. This will prove the Government to be very supportive for the public.
Divorce
Mrs. Y
Mr. X
Daughter custody
Now in this case, the main issue is the daughter’s custody, who will raise her. Like in most cases the custody should be given to the mother but the father should be allowed to meet her daughter whenever he likes. Also, Mr. X have to pay a sum of 2000 USD per month for her daughter to Mrs. Y.
Employment Contract
Mr. M
ABCD company
Company’s reputation and Employees mental condition
By talking to Mr. M, his problems should be listened and accordingly actions have to be taken, assuring him that the company values him. As he is having issues with his boss, he should be transferred to some other place in order to settle the case then and there. Also, necessary investigation and actions should be taken against his boss. This is how company can avoid a case against them.
Mortgage
Mr. P
DEF Bank
Mr. P’s home and bank’s money
As Mr. P is having a very good credit score and he have been faithful, so his condition should be considered and the interest on his loan amount can be waived off, also the bank should help him out to start a new employment. Mr. P should sign an agreement stating that he will return the money of the bank at the earliest otherwise his house would be confiscated. This will help bank to get the money back.
Car Purchase
Mr. B
Car Company
Mr. B’s willingness to buy his dream car
Mr. B can consult the car company and try to convince them to arrange him a loan so that he can purchase the car he wants. Which will also add a customer for the car company.
Raise
Mr. Z
IJK Company
Faithfulness of Mr. Z
As Mr. Z have been faithful employee from past 20 years and actually an asset for the company, so the company should consider his request and give him a promotion with little raise. So ultimately, IJK will not lose a valuable employee.
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