Organizations & Management
BUS330 MW 1: 00-2: 15
Daily news Clip Work out
Trade #: 1
Item traded: Golden Paper Video
Item received: Neon Highlighter
Estimated value of item traded to get: $2
Day of settlement: March 21st, 2014
Day of exchange: March twenty-first, 2014
Discussion Period: 30 minutes
Name of person: Evan Rhea
Romance: Good friend
My initially trade was easily the most difficult, mainly because my item was essentially worth practically nothing. Thus, We used the anchoring approach and my own honesty because leverage in this trade. Instead of attempting to lie or technique my friend in over-valuing the paperclip, I had been very open with Evan and advised him about the job and the intentions of my trade with him. Luckily he replied well to my trustworthiness and became very interested in aiding me with this amount of the project. I as well made sure to redeem the quality of the paperclip by contrasting it to a flimsier sterling silver paperclip to boost its value. This helped set a " psychological” anchor and Evan began to make several offers that might be both of a " win-win” trade, increasing both of the pies in the integrative discussion. With that in mind, he reasoned that he had lots of neon highlighters and it absolutely was worth trading one for the golden paper cut.
Trade #: two
Item exchanged: Neon Highlighter
Item received: Tridelt Taken glass
Estimated benefit of item traded for: $5
Time of negotiation: March twenty third, 2014
Particular date of exchange: March 23rd, 2014
Arbitration Period: Two hours
Name of person: Jared Nadan
This trade actually took a quite amount of time ?nternet site knew I had formed to make a important trade upgrading from the substantial lighter to something I will have more leveraging for the next transact. With my own highlighter, That i knew who to exactly target pertaining to my transact and that was my roommate, Jared, who always manage to lose his pencils, writing instruments, or whatever might be useful for school. Also, I knew that the Strategic Managing Consulting midterm was in the near future and that he can be studying over his paperwork in the forthcoming day or two. Thus, I shown the highlighter with a greater value to him due to time-sensitive character of the control and his ignorant characteristics. I asked Jared if this would be fine if I looked through his belongings to determine what he would be willing to trade myself for the highlighter. I first offered a preposterous trade to switch my highlighter for his Iphone5 charger to which this individual declined, but that gave me some flexibility for my personal BATNA – Tri Delt (Tri Delta Sorority) shot glass where he decided to since he had many other shot glasses.
Trade #: 3
Item traded: Tridelt Shotglass
Item received: Hoegaarden Beer Goblet
Estimated value of item traded for: $7
Date of negotiation: 03 25th, 2014
Date of exchange: 03 26th, 2014
Negotiation Period: One day
Brand of person: Andrew Dillinger
This was a fairly easy control to execute. Andrew just lately started seeing a girl who will be in Tri Delt sorority, thus the shot goblet would have more value (social equity) to him as he might make personal jewelry on top of their intrinsic benefit. Knowing these details was essential in my preparing for the trade pitch as it offered me a better knowledge of how he would value this item in the trading aspiration range. Additionally, it helped understanding that Andrew was an avid drinker as this shot glass would be used by him wonderful girl gladly in the week-ends to come. I asked Claire basically for any bigger version of the taken glass, to which he consented to trade myself his dark beer Glass pertaining to.
Trade #: four
Item bought and sold: Hoegaarden Dark beer Glass
Item received: Brown Cowboy Head wear
Estimated worth of item traded intended for: $15
Day of arbitration: March 26th, 2014
Day of exchange: March 30th, 2014
Negotiation Period: 1 day
Name of person: Alex Schwartz
Relationship: New good friend...
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