Part 1: Write a 250-word discussion about the following: Negotiation logistics: Best practices for ...

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Part 1: Write a 250-word discussion about the following: Negotiation logistics: Best practices for better deals. There are 10 helpful negotiation skills one must learn to Succeed. These include: Be prepared Analyze the underlying structure of the negotiation. Recognize and drive the BATNA Be willing to walk away Master the key contours of negotiation Consider the intangibles Enthusiastically handle coalitions Value and protect your reputation Remember that fairness and rationality are relative Continue to learn from your experience You did not have a chance to negotiate your compensation when you were first recruited. Your supervisor just informed you that Eagle Express, Ghana, your company, has agreed to renew your contract for the next five years. In view of that, you should be receiving an invitation from HR to appear for negotiations with company leadership comprising the CEO, Henry Tei Mensah Doku. In two separate occasions, you have been in client negotiations with Henry, and you know he is a skilled negotiator. In your preparation, choose any of four of the10 negotiating skills you will use and explain how you will leverage on each of them to negotiate for a better compensation than before. Support your responses with an APA formatted scholarly source. Part 2 classmate response 100-word: Respond to the following and include at least one APA formatted scholarly source. Preparing for a negotiation with a skilled negotiator like Henry Tei Mensah Doku, it is critical to practice specific negotiation skills to secure a better and more successful compensation package. Be prepared Preparation is critical for the success of any negotiation. I would research all the necessary information about the organization’s compensation structure, industry standards, and performance metrics. It is crucial to research what professionals with similar roles and experience are earning. It is also essential to gather information about the organization’s financial health and performance; based on that information, the organization will be able to provide a better compensation package. Preparation requires the negotiator to assess the lively desires, and preparation depends significantly on the negotiation process (Korobkin, 2024). Being prepared is beneficial because it will help answer any question better and allow you to efficiently and effectively negotiate based on facts. Recognize and drive the BATNA Exploring other options and solutions is critical if the negotiation does not meet the optimal expectations. It is crucial to explore different job opportunities in case the negotiation does not meet the expectations. Evaluating any potential benefits and alternatives will help in making informed decisions. BATNA provides leverage in negotiations. Value and Protect Your Reputation Reputation is vital; having a good reputation will help you achieve long-term success. To have a reputation, it is crucial to be respectful during negotiation and avoid confrontations or aggressiveness. It is also critical to communicate respectfully and articulate my value in the organization, focusing on mutual benefits. Protecting my reputation will demonstrate my professionalism. In the end, my image will also be my company’s image. Consider intangibles Having intangibles will help with job satisfaction. It is crucial to discuss all options available, such as flexible hours, PTO, and any other professional development opportunities that may include a compensation package. According to (Maker,2018), asking questions of how tangible and intangible resources shape negotiations. Having intangibles will allow me to create a more satisfying compensation package that will give job satisfaction. By having these four skills, I will be equipped to negotiate a better compensation package that will be based on my values. It will help me maintain a professional relationship with the organization.