Solution: This chapter deals with some of the very important facts related to the Principled Negotiation model. As I already understood from previous discussions that the human beings are not just made of flesh and blood but emotions. Different people have different emotional composition and all they are pertinent to various issues. This approach is mainly for managing the Conflict resolution. It teaches the individuals to devise effective strategies to face all the obstacles that come on its way of managing conflict and other operational challenge. The good thing about the concept I understood so far is that it also satisfies the need to create proper and working business strategies to achieve the target set by the company (Hackman & Johnson, 2019).