How Negotiation Can Impact Your Experiences
Negotiation plays a crucial role in problem-solving and is commonly used to solve disputes between multiple parties. While negotiation may be beneficial in certain cases for everyone involved, others can prove to be costly. When evaluating the effects of negotiation, it is important to consider both the good and bad experiences that may have occurred (Hadar & Cho, 2019, p. 4). Negotiations are designed to achieve a mutually beneficial agreement. Both sides can reach a deal that benefits all. This is evident in the nuclear disarmament negotiations between North Korea and the United States. In 2018, the two countries “agreed to work toward the ‘complete denuclearization of the Korean Peninsula’ in exchange for a series of economic and political incentives” (Hadar & Cho, 2019, p. 4). The two countries reached a mutually beneficial agreement through a productive negotiation process. Negotiation can be costly or inefficient. Neglecting to negotiate can lead to ineffective or damaging negotiations.
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