Negotiation

Articles and Information about Negoatiation

NetFinancial | Institutions | Loans
Colleges and Universities | Search Engines

Business: Keys To Negotiating Well


Whether it's buying a car, asking for a pay rise, saying 'no' to a friend or renting an apartment - at some stage in our lives we all are going to need to know how to negotiate. Yet, so few of us know the basic skills before embarking on life changing purchases or decisions! These 8 keys will assist you negotiate well.

1. Know the outcome you want.
Do you want a win-win outcome where both parties benefit? Or a win-lose outcome where someone (presumably the other party) is not happy with the result?

It is important you know what type of outcome you want because that will affect the long term relationship you have with the other party. Win-win outcomes are beneficial where you have an ongoing relationship. For example, when you negotiate a pay rise, you don't want your boss to feel he/she is the 'loser'. However, if you are buying a car from a car lot, you may not be so concerned about whether the car salesperson feels as though they 'won' in the negotiation!

2. Know your 'position'.
How important is this deal to you? How much do you need it? Could you walk away from the deal? What alternatives do you have? What is your "bottom line" and what (if anything) are you prepared to concede? You should not start negotiating until you have thought through and considered all of the consequences for all of the different outcomes that may eventuate.

3. Know your counterpart's 'position'.
Try to work out what is important to them in the deal. When you know that you have an advantage. Try not to reveal what is important to you! Keep a poker face and play your cards close to your chest.

4. Work out different scenarios ahead of time.
Being caught by surprise will NOT strengthen your position! Think through all the different possibilities which may eventuate and plan for each and every one of them. It is useful to brainstorm and write down on a piece of paper what could possibly happen. For example, if they said, "XYZ" - I would respond with, "ABC". This way you can be prepared for just about anything that may happen.

5. Know yourself.
Know your own weaknesses. If you are a more gentle personality your natural aversion to conflict may toss you into concessions that aren't necessary! If this is you, learn about yourself and take counter action. If you are overly stubborn and never give way to minor points, know this about yourself. Your stubbornness, holding out for 100% your own way, may cause you to lose a really great deal!

6. Back up your position with logic.
If you negotiate from a purely emotional position, emotion will sway you from your position. Fear of loss, sense of failure, conflict, pressure, sentiment! All can be applied to sway you from sticking to what you really want. When negotiating for a pay rise know what similar companies are paying for similar work. When placing an offer on a house substantiate your lower offer with the costs of repaving the driveway, renovating the bathroom, retiling the entrance?.or whatever you see needs doing. This is a much stronger position than plucking a number out of thin air!

7. Work out what you can concede.
Find something in the deal that for you will not be important but for your counterpart may be of significance. This will be like gold to you! A 'sweetener' can be what clinches the bargain in your favour. You will need to be poker faced and pretend this is a big deal to concede! Save this item for the final offer you make.

8. Have an exit strategy.
If everything goes against you, you will be saved by your contingency planning! If you don't feel in control, stop talking. Immediately!!! Make sure you are listening to the other person. If you are doing most of the talking the chances are you are doing most of the conceding. Offer to break the meeting and reconvene at another time when you have been able to consider what has already been put forward.

Skillful negotiation takes time and practice. Armed with these basic skills it doesn't matter how reticent you may feel towards negotiating an outcome you want! By applying these keys you will be well positioned to improve your negotiation skills and feel more empowered when approaching tricky situations.

© Kim Beardsmore

Kim is part of an international network of home business owners operating across 60 countries. We urgently require people to join our expanding international team. If you are interested in earning extra income around your current schedule, we would like to hear from you. We provide full training and ongoing support to ensure your success. Visit now: http://free2liv.com/?refid=neg-567887384


MORE RESOURCES:

Zimbabwe run-off no basis for negotiation -Nigeria
Reuters South Africa, South Africa - 6 hours ago
... Maduekwe said Mugabe should not use the outcome of a June 27 run-off vote, boycotted by opposition leader Morgan Tsvangirai, as a basis for negotiation. ...


Washington Post

Israel, Hamas Truce Breaks Down, Prisoner Exchange Negotiation Stalled
AHN - 4 hours ago
Gaza City, Gaza Strip (AHN) - Israel closed its crossing with Gaza on Friday in retaliation to Palestinian rocket attacks in Israel. ...
Hamas suspends Schalit talks over Israeli 'truce violations' Jerusalem Post
This Week In Palestine – Week 27 2008 International Middle East Media Center
Don't Punish Hamas Asharq Alawsat
all 1,709 news articles


American Israeli Paper Mills Ltd: Negotiation for the Acquisition ...
FOXBusiness - Jul 2, 2008
HADERA, Israel, July 2, 2008 /PRNewswire-FirstCall via COMTEX/ ----American Israeli Paper Mills Ltd. (AMEX:AIP) [AIPM] announced that it is in negotiation ...
American Israeli Paper in talks to up Carmel stake Reuters
all 10 news articles


Paul Majurey: Strong leaders, media give new face to Treaty deals
New Zealand Herald, New Zealand - Jul 3, 2008
Initial reactions to the reports were dismissive, but the Crown has since quietly re-engineered negotiation policy to adopt an inclusive, ...


EuroNews

Uribe savours his greatest victory
EuroNews, Italy - Jul 3, 2008
The success of the operation to free Betancourt is a vindication of Uribe’s determined stance in the face of those who have argued for negotiation for ...
Video: What now for Farc? - 04 July 08 AlJazeeraEnglish
Rescue puts guerrillas closer to the history books Globe and Mail
Peace dividend guardian.co.uk
Reason Online - The Associated Press
all 3,165 news articles


Peru, China reaffirm will to negotiate FTA
Xinhua, China - 17 hours ago
Araoz said the Peruvian negotiation team, formed by members of Mincetur, is also discussing with the Peruvian private sector to take their position into ...


Syrian FM:Current talks with Israel preparatory to direct negotiation
Xinhua, China - Jun 30, 2008
... Walid al-Muallem said on Monday that the current indirect talks with Israe lare preparatory to direct negotiation between the two sides in the future. ...


Abbas says little progress achieved for Palestinian-Israeli ...
Xinhua, China - Jun 30, 2008
SHARM EL-SHEIKH, Egypt, June 30 (Xinhua) -- Palestinian President Mahmoud Abbas on Monday said here that the ongoing peace negotiation between the ...


China special: dispute resolution
Building.co.uk, UK - 12 hours ago
If a dispute arises, negotiation is the best initial method of resolution. Most business contracts in China will include a clause requiring negotiation ...


Business: Negotiation Assistance and Advocacy Service
Daily Camera, CO - Jul 1, 2008
The pitch: Joan Treece offers individual or group consultation on the subtleties of effective negotiation. Learn to articulate what you want, ...

Negotiation - Google News

Currency Trading | Investing | Leadership | Negoatiation | Real Estate | Stocks and Mutual Funds | Taxes
home | NetFinancial | Institutions | Loans | Colleges and Universities | site map
Search Engines | EZmatic | 0pops | GetSonic | TrafficFish | Health
© 2006