What Is ZOPA? | What Is ZOPA Negotiation? | Zone Of Potential Agreement | #Shorts | Simplilearn

🔥Explore Our Free Courses With Completion Certificate by SkillUp: short tutorial on What Is ZOPA Negotiation? will help you understand the term Zone Of Possible Agreement. With this short video, you will understand the definition of ZOPA and when it comes into play in negotiation setup.

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What Is ZOPA Negotiations?

A Zone Of Possible Agreement or bargaining range is defined as an area where two or more negotiation parties may establish common ground. This range is where negotiating parties will often compromise and strike a deal. To establish a settlement or an accord, negotiation parties must strive toward a shared objective and seek an area that integrates at least some of each party's views and requirements. The ZOPA is a crucial factor to attain a successful outcome. However, determining whether a ZOPA exists or not may take some time; it may only be determined after the parties have explored their numerous interests and possibilities. There is a significant possibility that the disputing parties will be able to reach an agreement if they can identify the ZOPA.

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