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Negotiation Tactics
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| Guest post by: Drew Stevens Ph.D. |
Article Overview: Understand the art of negotiation and win any conversation with minimal concession.
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Free Download - How to create a Year End Sales Blitz By Drew Stevens Ph.D. |
Negotiation Tactics
Everything
in life is a compromise; everything in life is a negotiation. We all seem
stifled by the word and implications that surround negotiating. Yet what most
of us do not realize is that we have been negotiating since we were born. From
the time we wanted a bottle or refused napping our education in negotiation
began. In fact, research for this article illustrates that 43% of the American
workforce changed jobs since 2006. And, the divorce rate in the United States
hovers at over 53%.
However, we become increasingly befuddled by negotiation. We
hold strong beliefs that negotiation is meant to be a battle. We begin
negotiations on the defensive and seek to end them in a similar manner. The
most vital idea to comprehend about negotiation is its definition. Negotiation is nothing more than an
exchange of ideas and values between two or more parties with different
interests. Conceptually negotiation is a communication and critical thinking
exercise inducing creative problem solving. This article seeks to address ways
in which you can negotiate and still move away with your credibility and
friendships in tact.
The best concept for understanding negotiation is to
indicate what it isn’t. We first need to debunk the myths.
Myth: Negotiation
is about winning and losing.
The myth of win-lose is ancient. Validation of winning is
not bequeathing more concessions than the other party. One simply needs to be
concerned with the amount of take. This denotes loss.
Myth: Negotiation
is about power
All people in a negotiation have power. If two sides are
negotiating each as an equal amount of power, one desires something from the
other. Yet negotiation is not so much about power, it is about honesty or lack
thereof. Power stems from the side that enables it. Donald Trump by nature
believes he has power due to wealth and notoriety, yet if he desires something
from someone else the power shifts. The larger concern is not relinquishing
power to the opposing side.
Myth: Negotiation
is about chicanery
In reality, negotiation is about resolving an issue where
both sides obtain equal value by amicably and honestly agreeing to terms.
However, negotiation is similar to chess, strategies are used and sometimes
held so that each party gains more than they requested. Rather than lie, most
negotiators are honest, they simply do not fully disclose information.
Myth: All
negotiations are about prices and are sales related
Nothing is further from the truth. Negotiations stem from
all walks of life: from dating, to deciding upon a movie to noise decibels.
Negotiating establishes boundaries and how far each side allows another within
them.
Perhaps the most understood principle of negotiation is a
requirement to plan. Most often, negotiations fail due to improper procedures,
paperwork or misread issues. Planning is the first and vital step in every
negotiation. Each party should strategize to define the motives of each side,
goals that might be addressed, time frames and players. Research affirms that
in 73% of most negotiators are unprepared. This step is vital to assist in
moving forward. Good planning and comprehension help to avoid miscues and
maintain proper and efficient conversation. Exemplars of good negotiation
techniques are barely surprised by new information.
Negotiations are
mixed motive situations. Each side arrives with a variety of goals and
objectives- even timeframes. What appears urgent to one; is apathetic to
another. It is imperative that issues be immediately addressed. Most
importantly, the issues must be documented so all parties agree without a
misunderstanding. A foppish issue should not resurface at a latter time. The
more detailed the documentation the easier it becomes to facilitate
conversation. Once agreed to, timetables should be established so as not to
languish on any one issue.
Negotiation is
information and relationship dependent. Information is crucial to
negotiation. The data need be specific; it is easier to comprehend and complete
issues. Typically a tactical ploy to assist concessions, most data is not
displayed. Negotiators should then decifer the most imperative issues first do
that all needed data is disclosed making for effective conversations.
Coincidentally, conversations are more placid when parties are familiar with
each other. Particular interest is implicitly displayed since familiarity with
both parties shares a common interest- “saving face”. Dignity is a traditional
process. Whether in business or amongst friends, all desire to maintain honor,
especially with familiarity of the parties. As the cliché states familiarity
breeds content; the more familiarity with someone the easier the negotiation!
Egos and Communication.
Another crucial component for negotiation success is to check you baggage
and your ego at the door. Good negotiators know they are purposeful and do not
advertise their success. A negotiation is concerned with mutual agreement not
wins and losses. Keeping egos in check helps alliances and other desired
relationships.
Additionally, all negotiators need reminders for ears and
eyes and not mouth. Too often negotiators tend to spoil alliances by speaking
too much. Peter Drucker once stated, “Communication is often about what is not
stated”. Listening enables all to understand issues, allow for issues that
might go unstated and strategically enable the “opponent” to move first. The
alliance builders understand the vitality of listening, it is a practiced art
form.
Compromise,
Commitment and Conclusion. Negotiation would not exist if not for the power
and the reciprocity of compromise. Concessions enable negotiators to agree on
small things to assist in declaring small victories. Accommodations negate
foolish issues and streamline discussion. Once decided, agree to commitment and
document so as not to rehash. Trivial details take time away from other
important issues. It is more important to move forward then review unnecessary
data. Once the issue is complete, move forward or conclude, it allows less time
for pondering decisions.
To allay any fears of negotiating, it is best to align this
business tactic with athletics, it is a learned format not born. Admittedly,
there exist individuals that love to converse and banter yet negotiation is not
an easy skill. It takes patience, persistence and proper listening to
understand the issues. Negotiation is a part of everything we do in life,
almost every day. It is a skill that combines crucial critical thinking, reciprocity,
and professional communication. It is not easy to win friends and influence
decisions in negotiation, yet if we understand motives, create a thorough plan
and expect the unexpected, each negotiation we have becomes easier and more
effective. Negotiation increases our perception, our patience and our resolve
to maintain business relationships.
©2008 Drew Stevens PhD. All Rights Reserved.
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About the Author: Drew Stevens Ph.D. RSS for Drew's articles - Visit Drew's website Drew Stevens Ph.D. President of Stevens Consulting Group is one of those very rare sales management and business development experts with not only 28 years of true sales experience but advanced degrees in sales productivity. Not many can make such as claim. Drew works with sales managers and their direct reports to create more customer centric relationships that dramatically drive new revenues and new clients. He is the author of Split Second Selling and the founder and coordinator of the Sales Leadership Program at Saint Louis University. Contact him today at 877-391-6821. Click here to visit Drew's website Secrets to End Limiting Belief Sales Effectivenss Sales Mistakes Secrets to Cold Calling |
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