Negotiating Flashcards
When is negotiation must effective
When collaboration is used to create a solution that satisfies key needs on both sides
Negotiation
- Process when two or more parties work together to reach agreement on a matter.
- Involves distinguishing between needs and wants
Needs
Are essential to a leader’s goal
Wants
Are attractive not not really essential
Negotiating grievances and contract interpretations
Are to be conducted in the existing legal frameworks
Approaches to negotiation include
- Soft negotiators
- Hard negotiators
- Principled negotiation
Soft negotiators
- Value the relationship more than the outcome
- Will back down on issues in the interest of reaching an agreement - even if they are no longer getting what they need
Hard negotiators
Are committed to winning, even at the cost of the relationship
Principled negotiation
- Negotiator aims for mutual gain
- Applies interest-based rational negotiating or integrative barganing
Interest-based relational negotiating (integrative bargaining)
- Focus on the problem instead of personal differences
- Focus on mutually beneficial outcomes rather than hard positions
- Identify common interest and make them a goal for the negotiation
- Creative - with options on both sides
- Goal is win-win requiring some sacrifice
How to approach a negotiator who bullies, manipulates or deceives
- Persist with commitment to win-win
- Do not retreat or concede to their negotiating position
- May walk away if needed
HR actions to unethical behaviors in negotiations
Violation should be documented and reported to involved parties
Steps in the negotiation process include
- Preparation
- Relationship building
- Information exchange
- Persuasion
- Concessions
- Agreement
Preparation step in the negotiation process
- Negotiator should identify critical needs and wants that could be concessions and possible demands from the other side
- Defining your BATNA
Defining your BATNA
- Best alternative to a negotiated agreement
- Knowing your possible alternatives if negotiation fails to establish more accurate value and proposal you can live with
- Should also be performed from the other side to anticipate reactions