Negotiate a win-win outcome. What are you willing to relinquish versus what you cannot relinquish?

Assignment: Conflict ResolutionRead the scenario and respond to the checklist items utilizing your conflict resolution steps from the reading and referencing the Zofi chapter (2012) from your reading. Scenario: Your boss has assigned teams of four persons each that are addressing a new initiative within the company. The deadline is 4 months. Your team has struggled in the first 2 weeks of project development due to some personal conflicts between two members of the team who have been typically very competitive with each other throughout their work history within the organization. In fact the Human Resources Department has a documented history of the conflict between these two organization employees. Checklist items:How might you negotiate a resolution with which both parties would be satisfied?What conflict management approach would you use?Describe the process and hoped-for results. What does the result mean for both parties relative to the negotiation and why? In this text read: Chapter 2: “Management Models of Team Leadership.”Guenzi, P. & Ruta, D. (2013). Leading teams: Tools and techniques for successful team leadership from the sports world [Skillsoft version]. Chichester, West Sussex, United Kingdom: Wiley.Read:Keavney, A. (2016). Team building strategies. Training & Development, 43(2), 26–28. Zofi, Y. (2012). A manager’s guide to virtual teams. [Skillsoft version]. New York, NY: American Management Association.Chapter 1: “The Three Stages of Virtual Team Development.”Chapter 5: “Defusing Conflict and Overcoming Roadblocks.Supplemental Reading:O’Neill, T. A., & Allen, N. J. (2014). Team task conflict resolution: An examination of its linkages to team personality composition and team effectiveness outcomes. Group Dynamics: Theory, Research, and Practice, 18(2), 159–173. Review these Conflict Resolution Steps:1. Understand the circumstances, ideas, priorities, and needs of the other party using empathetic listening skills. (i.e., if they can repeat back what the other person said without synopsis or distorting the meaning then they have listened- The other party needs to confirm that they heard them correctly).2. State what you both want to happen or accomplish.3. Negotiate a win-win outcome. What are you willing to relinquish versus what you cannot relinquish? If both parties cannot win a bit, then negotiate a compromise.Resource:Connor, M. & Pokora, J. (2012). Coaching and mentoring: Developing effective practice (2nd ed.). Berkshire, UK: McGraw-Hill.