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This article is aimed at both the beginner and at the more seasoned negotiator. It aims to give you, at a glance, some fundamental advice about what to do and, equally, what not to do in the main phases of a negotiation.
Preparing to Negotiate
Dos
- Be absolutely clear about your objectives.
- Devote sufficient time to planning your time.
- Work out a number of options and the range of options with which you will be satisfied.
- Spend time looking for common ground between you and your negotiating partner.
- Spend a significant amount of time thinking about relevant longer-term issues.
- Set a range of limits from your best possible outcome down to the point at which you would walk away.
- Plan around each individual issue in a way which is independent of any sequence.
- Find out about the other party and their approach to negotiating.
Don'ts
- Assume you can make it up as you go along.
- Go into a negotiation ‘cold’.
- Consider only one or two outcomes.
- Concentrate unduly on possible sticking points or objections.
- Think only about short-tem issues and considerations.
- Plan your objectives around fixed point outcomes.
- Place to heavy a reliance on sequence planning.
- Assume you can cope with anyone and change your style on the hoof.