The reading passage explains about the win-win negotiation in three major points. Firstly, the both parties exchange some valuable offers without losing anything of greater value. They have to be good listeners, so that they can sort out how to propose a valuable offer to the other side what does not value for themselves. Secondly, to make a win -win negotiation possible, both parties should be aware of each others limitations, hence they can help each other accordingly. Third, both the parties should feel that they made a good deal and readily collaborate to work together to bring profits for both sides.
The lecture cites an good example of the win-win negotiation, that supports the points in reading passage. According to him Tony was a soft ware designer, who designed a video game and proposed to a successful multinational company that is an existing seller of video games. But he didn't get the accurate price for the design in comparison to his efforts put into that design. Hence, as the first point presented in the passage, Tony accepted the $12, 000 from the company to invest the money for generating the game and offered the company 60% of the profit, as a result the company agreed to invest in his designing of computer games.
Here comes the second point made in the reading passage about the limitations of both parties in a negotiation. so the company asked for a bigger share as it had to spend millions to produce and market the game and Tony agreed for 30%-70% share in the project, which took his project to the further step.
Finally, Tony and the company were benefitted with huge profit, that is cited in the passage as the last point in a win-win negotiation. Eventually, Tony was able to open his own game designing company and quit his job, that he could not do earlier due to greater risk. Simultaneously, the company gained a lot of profit because of the success from their collaboration to generate and market Tony's video game. Thus both the parties won with lesser risk and bigger profits.
The reading
passage
explains
about the win-win
negotiation
in three major
points
.
Firstly
, the both
parties
exchange
some
valuable offers without losing anything of greater value. They
have to
be
good
listeners,
so
that they can sort out how to propose a valuable offer to the other side what does not value for themselves.
Secondly
, to
make
a win -win
negotiation
possible, both
parties
should be aware of each others limitations,
hence
they can
help
each other
accordingly
. Third, both the
parties
should feel that they made a
good
deal and
readily
collaborate to work together to bring
profits
for both sides.
The lecture cites
an
good
example of the win-win
negotiation
, that supports the
points
in reading
passage
. According to him Tony was a soft ware designer, who designed a video game and proposed to a successful multinational
company
that is
an existing seller of video
games
.
But
he didn't
get
the accurate price for the design
in comparison
to his efforts put into that design.
Hence
, as the
first
point
presented in the
passage
, Tony
accepted
the $12, 000 from the
company
to invest the money for generating the game and offered the
company
60% of the
profit
,
as a result
the
company
agreed
to invest in his designing of computer games.
Here
comes
the second
point
made in the reading
passage
about the limitations of both
parties
in a
negotiation
.
so
the
company
asked for
a bigger share as it had to spend millions to produce and market the game and Tony
agreed
for 30%-70% share in the project, which took his project to the
further
step.
Finally
, Tony and the
company
were
benefitted
with huge
profit
, that
is cited
in the
passage
as the last
point
in a win-win
negotiation
.
Eventually
, Tony was able to open his
own
game designing
company
and quit his job, that he could not do earlier due to greater
risk
.
Simultaneously
, the
company
gained
a lot of
profit
because
of the success from their collaboration to generate and market Tony's video game.
Thus
both the
parties
won with lesser
risk
and bigger
profits
.