Reasons For The Wall Street Crash

1020 words - 5 pages

Caroline Vernet 02/14/2012

Assignment 1: Dimensions of Negotiation & Organizational Conflict Resolution
Introduction
Every day we are confronted to conflicts and situations when we have to negotiate. It could be either a negotiation between parents and children, employees and employers or a contract between two companies. Negotiation is a complex social process of decision making between two or more parties that discuss to find a solution for their opposing interests.
Negotiation includes many dimensions. In the first part, I will present you the ten dimensions that I believe are the most important in the negotiation process, as a form of a logical framework. And then, I ...view middle of the document...

A) The Decision can be analyzed under four criteria:
1) Choice: the Decision is made among different choices possible.
2) Risk: the Word is uncertain so the Decision is always risky related to the future.
3) Renunciation: resources are limited, so deciding always means renouncing to some alternatives.
4) Responsibility: the decision maker has to assume its choice and the consequences that it can have for the company, stakeholders, the third party, etc…
According to Mintzberg, the decision is represented by a triangle:
LOOK (Perception)
Take information
LOOK (Perception)
Take information

DECISION
MAKING
DECISION
MAKING



ACT (Cognition)
After thinking
ACT (Cognition)
After thinking
THINK
Analyze information and framing
THINK
Analyze information and framing





The Decision can be defined as “the thought process of selecting a logical choice from the available options. When trying to make a good decision, a person must weight the positives and negatives of each option, and consider all the alternatives. For effective decision making, a person must be able to forecast the outcome of each option as well, and based on all these items, determine which option is the best for that particular situation.” (BusinessDictionary.com)
To make an optimal decision, Negotiators need to be rational. The different steps of a rational decision are:
1) Identify the problem.
2) Look for solutions.
3) Compare alternatives (according to objective criteria).
4) Evaluate consequences of each option.
5) Put it into action.
Assuming that negotiators are rational means that in a certain situation they can evaluate all the alternatives and chose the solution that optimize their interests. The decision maker has to know perfectly the different options. However, being totally rational is not possible because: some information is not available, the World is too complex and the future is uncertain. Moreover, according to Simon & March (1958), the rationality is limited: it has cognitive, emotional and organizational limits.
B) According to Robbins & Judge (2008), the Motivation is a process by which a person gives intensity, direction and persistence to an action in order to reach a certain goal. The direction is given by the goals that are defined before a negotiation. Then, the persistence refers to the period during...

Other Papers Like Reasons For The Wall Street Crash

The Yellow Wall` and `a Rose for Emily`

524 words - 3 pages The Yellow Wall` and `A Rose for Emily` As medical authority has become more extensive , it has necessarily become more diffuse as well so that moral and medical categories are now thoroughly and probably inextricably confused ' -Edgar Z Friedenberg- The two short stories , The Yellow Wall and A Rose for Emily unravel insanity on two different views . The first gives an in-depth and encompassing autobiographical depiction of a woman 's

Reasons For Australia's Involvement In The Vietnam War

781 words - 4 pages There were many reasons that contributed to Australia’s involvement in the Vietnam War. These consisted of a fear of communism, the need to support the USA and other allies and the views of Australian Prime Minister Robert Menzies. While none of these had a great enough influence themselves, the combination of multiple factors were what brought about Australia’s association with the Vietnam War. The most prominent reason for Australian

The Political, Social, And Economic Reasons For Th

1748 words - 7 pages terrible, but the means in which the Junta attempted to obtain these goals caused their demise (Slawner).One of the major reasons the Junta lost popularity, and thereby power was the "Dirty War." The "Dirty War" was the Junta's method for getting rid of people it considered terrorists. The Junta believed that it was capable of ushering in a new moral, religious, obedient and western political system. However, some of the people that vanished

Examine The Reasons For And The Consequences Of The Fall In Death Rate Since 1900 (24)

966 words - 4 pages Examine the reasons for and the consequences of the fall in death rate since 1900 (24) Death rate is the number of deaths per thousand of the population per year. Since 1900 there has been a declining trend in overall death rate of the population in Britain, the death rate has almost halved from 19 to 10 per thousand. Although the death rate has increased slightly during the period of economic depression followed by World War 2, but the overall

Assess the Reasons for the Failure of the Romanov Dynasty to Achieve Stability by 1917

1353 words - 6 pages “Assess the reasons for the failure of the Romanov dynasty to achieve stability by 1917” The start of the 20th century brought radical changes to the political and social structure of the autocratic Russian Empire. It was a time of regression, reform, revolution and eradication. A short period between the end of February through to the start of March 1917, Tsarist Russia and the Romanov dynasty had come to an end. The Romanov family, who

Examine Reasons for the Changes in Family Size and Structure in the Last 100 Years

1036 words - 5 pages Examine reasons for the changes in family size and structure in the last 100 years. (24 marks) Recent decades have seen some major changes in family patterns. Changes in partnership include fewer first marriages, more divorces, re-marriages, and cohabitation. There are also more births outside of marriage, lone parents, reconstituted families, and same sex families. Reasons for these changes vary from individualism, to secularisation and

Reasons Why the Oral Song Tradition Remained Stronger for Longer Within the Travelling Community

1356 words - 6 pages B. Campbell Traditional and Popular Music Assignment 2012 Question: Identify the reasons why the oral song tradition remained stronger for longer within the Travelling Community, and discuss the reasons for the eventual decline of the oral tradition in the Travelling community. In your answer, refer to the song collecting initiatives made by Tom Munnelly in Ireland since the seventies. In a society where we are bombarded by

Examine the Reasons for a Change in Divorce Rate Since 1971

561 words - 3 pages Examine the reasons for changes in divorce rate since 1971. Divorce has been an increasing trend due to numerous reasons such as changes in attitude, changes in law and changes in the economic position of women. In 1941, the grounds for divorce were widened meaning that ‘irretrievable breakdown’ was allowed as grounds for divorce. Irretrievable breakdown means that a marriage stopped working, but there is no blame on the people within the

Examine the Patterns of and Reasons for Domestic Violence in Society

1129 words - 5 pages societies across the world men in households are seen to be leaders so domestic violence towards would not be seen as a major deal. This presents the role gender plays in domestic violence in society because there are different reasons for the violence not being reported. This conveys that men seem to know what they are doing is wrong and quickly try to convince themselves it is the women’s fault whereas women blame do not see what the males are doing

Compare the Reasons for Successes and Failures of Democracy Movements in Asia and Africa

1624 words - 7 pages Compare the reasons for successes and failures of democracy movements in Asia and Africa Democracy means the government by the people.(4) The historians and philosophers of the Aegean world invented the term, situated it within a larger political vocabulary, again of their own invention, and provided a mode of politi- cal analysis that enjoyed authority well into modern times. Greek political institutions did not survive; Greek

Examine the Reasons for Changes in Birth Rates and Family Size Since 1900 (24 Marks)

1138 words - 5 pages ‘Examine’ Essay Planning Sheet Name: Essay Title: Examine the reasons for changes in birth rates and family size since 1900 (24 marks) | Underline or highlight the key concepts, terms and instructions, by identifying these key elements it will allow you to focus on answering the question. It is important to use relevant sociological terminology within the context of you essay. List the key sociological

Related Essays

Avarice Or Greed In The Wolf Of Wall Street And Canto Vii Of Inferno By Dante

1880 words - 8 pages low level job in a well-established firm on Wall Street in New York. While working there his boss which had already made it on Wall Street advises him to embrace a lifestyle which was filled with drug use and sex. After this, Belfort goes to back to school and becomes a stock broker. When he goes to work he there was a huge stock market crash which causes him to lose the job on his first day of work. Later, his wife at the time encourages him to

Reasons For The Outbreak Of Wwi

620 words - 3 pages run and how its people lived, it wanted independence. This was one of the reasons why the Black Hand gang assassinated Franz Ferdinand. Militarism Before the assassination of Franz Ferdinand Britain and Germany increased their army, their navy and spent millions of pounds on weaponry as they prepared to extend their power by force. This meant that when Franz Ferdinand was killed both countries were ready for war and had now been provided with

Reasons For The 1917 Russian Revolution

1747 words - 7 pages Reasons for the 1917 Russian Revolution World War One was a huge contributing factor in the 1917 Russian revolution; however it was not the only one. The failure of Tsar Nicholas II to rule his country well, the failure of the Duma and Bolshevik agitation all played a significant part. World War One was terribly mismanaged by Russia, in terms of supplies, equipment and strategy. This mismanagement led to soldiers going into battle in sub zero

Reasons For The Assassination Of Julius Caesar

2169 words - 9 pages used. Therefore Caesar's personal beliefs and ideology in regards to his claiming kingship of Rome, his lack of interest in any objective counsel, and his lack of regard for the Treasury are all reasons why a plot was formed to kill him. [22: Ibid. ][23: Ibid. ][24: Ibid. ][25: Ibid. ]Julius Caesar was assassinated because many aristocrats and senators had great objection to his political and ideological philosophies, as well as having personal