Negotiation is the discussion between the two parties to resolve a problem or issue. It is a dialogue which is aimed to resolve the disputes for the collective advantage of the parties. Negotiations commonly take place in the organizations like businesses, government agencies and non-profit organizations etc. The people who try to resolve the disputes are known as negotiators. When negotiations are organized at professional levels then negotiators include union negotiators, peace negotiators etc. Following is an example of negotiation:
Suppose, two companies indulge in a price war competition, which is providing cost recovery issues to both the organizations. In order to avoid this price war, the companies can negotiate and the decision will provide the benefits to both the companies.
Suppose, two companies indulge in a price war competition, which is providing cost recovery issues to both the organizations. In order to avoid this price war, the companies can negotiate and the decision will provide the benefits to both the companies.