Negotiation and Decision Making: A Food Service Professional & Personal

Negotiation and Decision Making: A Food Service Professional & Personal View Negotiation and decision making offers a powerful perspective, a specialized language and a set of tools that can be used to address the most stubborn problems in everyday life and work. Effective negotiation and decision making is essential in a buyer and seller relationship as well as our personal lives. In an organization, colleagues may find themselves applying negotiation tactics daily. The rationale behind negotiation and decision making is critical in our lives and especially in organizational survival. Why is Negotiation and decision making critical? A well rounded decision can assist in designing smart and enduring solutions to short and long term problems. For example, negotiation and decision making gives you a more accurate picture of reality, so that you can work with a system's natural forces in order to achieve the results desired. It also encourages you to think about problems and solutions with an eye toward the long view. For instance, how might a particular solution you're considering play out over the long run? What unintended consequences might it have? Negotiation and decision making is founded on some basic universal principles. Some principles will most likely be identified in all areas of life once we learn to recognize the warning signs. In most food service organizations, warning signs are very evident, but sometimes ignored. Here are a few questions that can be considered when attempting to solve a problem. What is the underlying problem? Is the issue interacting, interrelated, and interdependent? Most leaders have an intuitive understanding of several negotiation and decision making types such as zero sum ga... ...t that a homogeneous change can provide new opportunities and possibilities, the change is well on its way to a successful implementation. The ability to reach a uniformed decision can create stronger values both professionally and personally for this is crucial in an increasingly turbulent world. Therefore, negotiation and decision making will become critical for survival. Works Cited Randers, J. (1980). â€Å"Guidelines for Model Conceptualization† in Elements of the System Dynamics Method. J. Randers, ed. pp. 117-139. Waltham, MA: Pegasus Communications. Reber, A. S. (1995). The Penguin dictionary of psychology (2nd ed.). Harmondsworth, England: Penguin Books, Ltd. Scott, C. & Jaffe, D. (1995). Managing Change at Work: Leading people through. Menlo Park, CA: Crisp Publications. (Randers, 1980). (Scott & Jaffe, 1995). (Reber, 1995).

Apple engineers

For example, 600 Apple engineers developed operating system in two years unlike 1 0,000 Microsoft engineers, who developed Window Vista in five years. There are two major advantages f team stars: 1) Sheer firepower – the integration Of world class talents which increases performance and productivity. 2) Synergy – the bringing together of a pool of the best thinkers which ignites creativity and ideas. Good talent management Understanding the team members' strengths is critical: Team effectiveness arises as a result of understanding the strengths of each team member.Know their ability, in order to fill roles outside of their current positions. Indeed, care should be taken to avoid talent hoarding a situation of confining star players to an organizational division. Don't create disincentives for teamwork. Avoid inappropriate assessment methods which leads to team disincentive. For instance, Microsoft's â€Å"stack ranking† performance evaluation system, created a co mpetition amongst employees, instead of competing with its rivals. There is a chance that â€Å"A† players would not like to work with each other in fear of being seen as a weak member/link.Own the pipeline As talent is always a key component of strategy, the organizations should keep recruitment process internally. There is a danger of denomination among team members when the organization recruits externally at the expense of its internal talents. Internal talent should be recognized and roomed. Play your best hand: This entails making the right choice of the mission and the critical projects. The teams with star members should be used for big and strategic projects. For instance, to development Boeing 777 airliner, the company began by assembling its best team of engineers.It then incorporated customers and use of new technology, which led to the job completion in less than four months, paving way for the aircrafts centralization in less than five years. For Caesar, Hurrah' s and Horseshoe brands, they choose other strategic importance like determining the promotion to offer, when to offer them, which customer to target etcetera. Besides, they choose to implement direct marketing by eliminated overlapping promotions and its generating profitable revenue. Despite changing the company's marketing effort being difficult, success can be achieved through a skilful team.Anticipate what could go wrong within a team: Big ego, little progress: The star team players should aim at achieving common goal rather than being dominated by their egos with little progress. For instance, the United States of America's National Basket Association team succeeded in 1 992 Olympic Games due to focusing on achieving a common goal of success for America. Overshadowing the rest of the cast: The use of â€Å"A† team should not over shadow â€Å"B† players. In spite of the former having the best talents, both groups should work in unison in order to succeed.Hence, th ere should be a common reward and performance evaluation system for both the â€Å"stars† and â€Å"non-stars†. Great team members, mediocre leaders: Organization should take time in picking team leaders and getting feedback from the members in regard to the leaders early enough. Team members should be given the opportunity to give a feedback of their leader. If the leader, Cannot definitely perform, the organization should change him/her- For instance, Manchester United has changed its coach at the end of last season due to him being unable foster good results for the team.Short pitch of above information: 1 ) Star teams from star players outperform the average teams with ordinary members four times. 2) Care should be taken to prevent individual egos within a star team, lest it underperformed. 3) There are two main merits of star teams are: â€Å"Sheer firepower – the integration of world class talents increases performance and productivity. ‘Synergyâ₠¬  – the pooling together of best thinkers ignites creativity, innovation and new ideas 4) The best teams are managed through: Understanding where each member's strength lies and sharing these talents.Universal policies, rewards, and performance assessment process should be put in place for all the team players. Otherwise, demonstration is bound to crop within the team, if variations exists. It is vital to groom the internal talents, instead of outsourcing, particularly when it comes to the recruitment process. This will make the team players work hard to in order to be recognized and promoted. 4) use your best employees for big and strategically important projects. These act as the driving force for the team building. 5) What could go wrong?

U.s. Gross Domestic Product - 1361 Words

hiding something behind the actual unemployment rate in America or people in America are still feeling the effects of the 2008 recession. The housing market crash in the fourth quarter of 2008 may still be affecting many families today. Since consumer spending drives two thirds of the economy, according to econoday, it also affects retail sales because when consumers are confident in their economy, there are willing to buy more (Econoday: â€Å"Consumer confidence†). This, in turn, affects U.S. retail sales which is also a reflection of the U.S. Gross Domestic Product. These indicators have a chain reaction because when one changes, it affects the rest. (Ferreira, 2015). As we can see from both the consumer confidence and retail sales†¦show more content†¦According to Lynn Franco, she says that consumers are cautious heading into 2016 and expect little changes in business conditions. Next year is definitely not looking very promising for the United States. Retail Sales Indicator The retail sales indicator measures the dollar value of merchandise sold within the retail industry, which includes traditional retailers selling via internet but excludes companies conducting non-retail operations such as travel, ticketing, and financial services (â€Å"FAQ†). The retail sales is a leading indicator because it gives us a glimpse of what we can expect in the following months in the economy. It is important to keep in mind that leading indicators are not always accurate and are subject to revisions. The retail sales indicator covers the previous month’s data and is typically released on or around the 13th of each month. The report is usually presented in one of two ways: with auto sales being counted and without auto sales being counted since auto sales can skew the data due to their high price (â€Å"Investopedia: retail sales†, n.d.). Companies of all sizes are used in the survey, from large corporations such as Wal-Mart t o independent mom and pop shops. The methodology behind the survey is conducted by the U.S. Census Bureau and the U.S. Department Commerce (United States Bureau: â€Å"Monthly Annual retail trade: Annual retail trade survey methodology†, 2015).