Negotiating requires give and take. You should aim to create a courteous and constructive interaction that is a win-win for both parties. Ideally a successful negotiation is where you can make concessions that mean little to you, while giving something to the other party that means a lot to them.
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Negotiation Stages Introduction
- There are five collaborative stages of the negotiation process: Prepare, Information Exchange, Bargain, Conclude, Execute.
- There is no shortcut to negotiation preparation.
- Building trust in negotiations is key.
- Communication skills are critical during bargaining.
Preparation and planning is the first step in the negotiation process. Here, both parties will organize and accumulate the information necessary to have an effective negotiation.
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What the experts say
- preparation and planning skill.
- knowledge of the subject matter being negotiated.
- ability to think clearly and rapidly under pressure and uncertainty.
- ability to express thoughts verbally.
- listening skill.
- judgment and general intelligence.
- ability to persuade others.