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mgt502 assignment 1 solution 2020

mgt502 assignment No 1 solution 2020

mgt502 assignment 1 solution 2020

Solution 1

First party, using compromising approach of nagociation for conflict management approach through it the party solves issue in kind of way that supplier return payment and also compensation. Rainbow paint suggests a solution of the problem a solution of the problem by taking something i.e. compensation & payment. The 2nd party (Xing Pe chemicals) due to unexpected condition at this time party solving the problem.
2nd party following collaborating approach of negotiation for conflict management.
Because of current situation; it offer that lose faced by Rainbow paints will be shared among
Them. It wants to keep collaborative relation for working in future. On other hand offer open discussion for problems solve.

Solution 2

First of all we have seen all the given concepts:
Integrative bargaining
I have selected integrative bargaining approach for the said case because of the following reasons:
1. Mutual Gain or Loss
2. Win-Win solution
3. Long term relationship
4. Leave the bargaining table with happy mood
5. Preferable than other approach
6. Collaborative approach
7. Several issues at a time is discussed
8. Lot of information shared
9. Open approach
10. High priority