Contract Creation And Management Simulation Term Paper

Contract Simulation and Management Simulation Memo: Chief Executive of Span Corporation

Re: C-S Negotiations

Situational Overview

At present, Span is in negotiations with the C-S Corporation to determine the particulars of a joint venture between the two organizations. Negotiations have come to an impasse because of what is perceived as C-S's stalling techniques, designed to extract further concessions from Span. C-S has been continually changing the originally defined requirements of the negotiations.

What should Span do when C-S continually adds to or changes their original contract requirements?

One way to cope with this frustrating situation, however, is to view this volatile period of negotiations as a potential plus rather than a minus. Now, it is time for both organizations to take stock, then to come back to the negotiating table with more clearly defined objectives, deploying the current conflict in a positive fashion, with an eye to achieving a final and collective agreement. To make such a change in negotiation strategy constructive, the two organizations must first conduct some mutual brainstorming, as all actors come together to list of all the potential requirements the two organizations might consider within the objectives of the contract, without criticizing or dismissing any options. Then, the organizations must define their mutual objectives for each contractual phase or issue, and anticipate and define the...

...

Thus, rather than engage in a concessionary strategy, it is better to view the possibilities within a negotiation in a 'win win' fashion, and an opportunity to clarify the original terms of the contract, rather than for one party to dominate the other.
Although immediate organizational objectives may differ, ideally, such an integrative negotiating strategy generates innovative potential future outcomes for both organizations' collective desires. Changes in original contract requirements must meet a single and clear objective. One should not view two organizations as polar opposites in their needs and interests. Thus, the organizations must take stock right now, and collectively decide what is the primary, singular aim of the contract. Why did C-S and Span wish to enter into the talks in the first place?

How do you think the results of the negotiation might differ if both sides followed a positional bargaining strategy vs. one that is interest-based?

Positional bargaining in contrast to the 'win-win' or integrative strategy advocated above, views organizational interests as incompatible. One organization has its goals, and concedes its objectives only to achieve other objectives, haggling over contract requirements much…

Cite this Document:

"Contract Creation And Management Simulation" (2005, August 12) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/contract-creation-and-management-simulation-67669

"Contract Creation And Management Simulation" 12 August 2005. Web.19 April. 2024. <
https://www.paperdue.com/essay/contract-creation-and-management-simulation-67669>

"Contract Creation And Management Simulation", 12 August 2005, Accessed.19 April. 2024,
https://www.paperdue.com/essay/contract-creation-and-management-simulation-67669

Related Documents

Thus, "Preserving the relationship with a business partner may be worth far more in the long run that the potential cost of trying to prove that your position on a contract clause is legally sustainable today," (University of Phoenix). This strategy can then be implemented in order to keep Scan and Citizen Schwartz both out of costly financial legal obligations. Thus, a manager could attempt to work within the limitations

The role of Risk Management Information System (RMIS) in BAE Systems, Inc. With its headquarters in Virginia’s Arlington County, BAE Systems Incorporated has units in America, Britain, Mexico, Israel, Sweden, and South Africa that employ around 43,000 individuals. Its mounting yearly earnings suggest that it may be counted as one of the top global defense firms (Winzelberg, 1). Its extensive operations cover air, naval and land electronic systems, services, and platforms.

Additionally, aside financial resources, they also used their assets. The most relevant example in this sense is the selling of part of its interests in Mazda. It as such transformed its assets into liquidities -- the 20% shares in Mazda were converted into $540 million (Murphy) -- that better allowed them to pursue their innovation objectives. The matter of technological innovation is not only a core focus of Ford's, but

These practices include: selective hiring, employment security, self-managed team, extensive training, sharing information, diminution of status differences, and stipulation of high pay contingent on organizational performance. Other authors analyzed by Chang and Huang sustain that SHRM benefits company both directly and indirectly as it modifies passivity into initiative by clearly communicating organizational goals and encouraging the participation of line-managers. In addition, by generating structural cohesion, defined as "an employee-generated synergy

It was then important to see the degree at which technology and training played a role in combating each fire. 1.2.4.Rationale of the Study What is that can be gained from this study? The reasoning behind such a study is born out of a need to provide better training for fire fighters so that fire management systems will improve and reduce the amount of loss due to the fire. By studying

The modeling environments was so accurate it could deliver results that aligned at a 95% accuracy rate with the actual results achieved. Another advantage was the use of knowledge management to orchestrate multichannel selling, marketing and service scenarios across the client's specific requirements and needs. The analytics and knowledge management systems were also combined successfully to create a constraint-based engine as well. All of these factors were critical to