Negotiation concepts and strategies

Negotiation in Financial Media

A process of communication by which parties attempt to resolve a dispute between them ("Short Glossary" n.d.).

In this article, the economic recovery package proposed by the Obama administration is discussed, including its scope, expenses, and intended results. The article states that the package pledges aid to businesses and individuals, in addition to providing funds for public areas like schools and military bases. In addition, Hitt and Weisman state that the package costs more than the Iraq war, and is the largest passed since FDR's New Deal. The gives 35% of its funds to tax cuts, provides aid for those who have lost jobs, and funds for businesses. In addition, a controversial requirement mandates that bill money go toward American made products. The plan is different than the one President Obama had originally designated, and is receiving mixed reviews.

Discussion: Negotiation played a primary role in the drafting of this bill, and so much is stated in the article. For instance, Republicans wanted the funds from the bill to go, primarily, to tax cuts, and much of the bill is now stipulated for tax cuts. Thus, members of different parties were forced to negotiate in order to come up with a plan that would pass both institutions of Congress.

URL: Hitt, G. And Weisman, J. (2009, February 12). Congress Strikes $789 Billion

Stimulus Deal. Retrieved January 12, 2009, from the Wall Street Journal. Web Site: http://online.wsj.com/article/SB123436825805373367.html

Summary: In this article, the author argues that President Obama's election may be able to foster the peace making process between Israel and Palestine. During the Bush presidency, the authors suggest that the administration did not attempt to foster peace between the nations. Although the recent Israeli election, which has yet to yield a winner, along with Obama's commitment to the American economy as priority might make the peace-making process slow, the author suggests that Obama can accomplish such a peace if he acknowledges and informs the world of his plan for a Palestinian state, force Israel to face consequences for aggression, and negotiating with Hamas.

Discussion: Because it deals with conflict, this article is rather relevant to the concept of negotiation. It suggests that negotiation must occur if there is to be peace in the Middle East. In fact, many believe that peace can only be accomplished through negotiation in this region because of its complex domestic problems. In addition, the article suggests that that Barack Obama may be able to step into the role of negotiator, serving as a mediator between the hostile nations.

URL: "Will the Relationship Change? Yes it Can" (2009, February 12). Retrieved February 12, 2009, from the Economist. Web Site: http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13110485&CFID=42596228&CFTOKEN=89937080

Summary: This article primarily has to do with the topic of privatization. It deals with an attempt made by a private investment group, Marfin, to purchase the Greek government-owned airline of Olympic. The group wants to invest at least 200 million Euros into the airline, and wants to buy the flying operations, ground handling, and technical base parts of the airline. The airline went up for sale after the government decided to call for private investors.