Negotiations Flashcards
Anchor
An offer that is at the aspiration point, or slightly more aggressive
Expected that the anchor pulls or steered an agreement close to ones aspiration point
Aspiration point
The best outcome each negotiator hopes to achieve from the negotiated agreement
Demand
A statement of terms with no room for adjustment
“Take it or leave it”
Interests
The reason behind your position
The why behind what you want
Procedural interests. How a process is conducted
Psychological interest. How people feel
Substantive interest. Schedules, prices, salaries etc
Negotiation
2 or more people or groups who have a degree of difference in position, interests, goals, values or beliefs who are striving to reach agreement on issues or course of action
A dialogue intended to resolve disputes
Position
What you want
What you envision as your best possible outcome
The stance one takes
Reservation point
The bottom line
The least favorable option or offer you will accept to end a negotiation
Zone of possible agreement
ZOPA
The bottom line
The bargaining range
The overlapping area of each negotiators aspiration point and reservation point
No overlap, no ZOPA
Task orientation negotiations
More important or reaching an outcome, solution, or resolution
Getting the mission done
People orientation negotiations
Centers on the relationships that exist between the individuals or groups and involved
The relationship may be more important than the task
It’s about the the importance on cultivating the relationships past, present and future
5 Negotiation styles
Evade Comply Insist Settle Cooperate
Neg styles
Evade
“Not now, maybe later”
Passive, unassertive strategy often used to maintain the current situation
Best used when current situation favors any proposed solution
Issue is unimportant to one or both parties. Or more important matters at hand. Or the opposition is way too powerful
Neg styles
Comply
“Sure let’s do it your way”
Used when relationship is more important than the task
Neg styles
Insist
“Take it or leave it”
Winner takes all, task oriented style. The objective is paramount, regardless of the relationship
Used to resolve an Emergency situation. Higher rank or position used
Use with caution
Neg styles
Settle
“Let’s just split the difference and call it a day”
Compromising style used when there is little chance of getting everything you want, but a solution is necessary
Usually quick neg, but rarely results in an optimal outcome
All must be willing to give up something