Random from the quizzes Flashcards
Negotiation Process
The six steps in the negotiation process are, in order, preparation, relationship building, information exchange, persuasion, concessions, and agreement.
Soft Negotiator
Value the relationship more than the outcome and will back down on issues in the interest of reaching agreement—even if they are no longer getting what they need
Hard Negotiators
Committed to winning, even at the cost of the relationship
Principled Negotiation
aim for mutual gain. Use interest-based relational negotiating or integrative bargaining.Principled negotiators can separate people from positions. They identify common interests and make them a goal of the negotiation. They are also creative: They come to the negotiation prepared with different options that may satisfy both sides. In principled negotiation, the goal is a win-win solution, requiring some sacrifice of position from each side in order to gain meaningful points.
brinksmanship
“take it or leave it” negotiation
“this is a one time offer”
bullying, deceptive and manipulative negotiation
low/ high balling demands (negotiation)
making ridiculous and possibly unacceptable demands
Preparation (Step 1 of Negotiation)
Negotiator should identify critical needs, wants and possible demands from other side.
Relationship Building (Step 2 of Negotiation)
Trust is built with exchange of personal info that reveals character (encourage comfort and openness)
Information Exchange (Step 3 of Negotiation)
Positions and needs are explained by both sides (Important to start to look at both sides)
Persuasion (Step 4 of Negotiation)
Negotiator seeks mutually beneficial options instead of trying to win the other side to their own position)
Concessions (Step 5 of Negotiation)
Both sides find wants that are not essential to agreement)
Agreement (Step 6 of Negotiation)
Agreements may be legal instruments or verbally expressed understandings
Fisher and Ury’s BATNA approach
“Best Alternative ro a Negotiated Agreement” Focus on problem, not personal differences and on mutually beneficial outcomes rather than hard positions.