Ethics in negotiation: oil and water or good lubrication? Free Essay, Term Paper and Book Report
Most of the time parties do haggling in negotiation and sometime negotiation finish on a good note i.e. parties getting a better deal in their pocket or situation comes when party walk off and not able to sustain the relationship for future negotiation. This article put emphasis on the cost of unethical negotiation and benefits of ethical negotiation by evaluating most common negotiation tactics according to four widely used ethical criteria (Golden Rule, Universalism, Utilitarianism and Distributive Justice). Merchant banker and economist John Rutledge believes that ethical negotiation is the right thing to do because it is more profitable as by doing so opponent in a transaction walk with his dignity and a good deal in his pocket which ultimately reducing the four major costs in unethical negotiation i.e. rigidity in future negotiation, a damaged relationship with the opponent, a sullied reputation and lost opportunities.
Author started with applying the four ethical criteria with ten negotiation tactics to know whether these tactics are ethical or not. All the four ethical crite......
Word Count: 2778
Page Count: 11.1 (250 words a page / double spaced)
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