Negotiating Tips January 4, 2024
Understanding the Other Party's Wants During a NegotiationWhen you’re negotiating, remember to consider how the other party is affected by each action you take.
Suppose you make a large concession—thinking it will help resolve differences. Instead of being satisfied, the other party may react by making even greater demands. They may conclude: “If he conceded that much, then there is a lot more to be had.”
What each of us does or says during a negotiation affects, and is in turn is affected by what the other party does or says. It’s like a chain reaction. So where does all this lead us?
When planning your negotiation – either in advance, or like most people, ‘real time’ – consider the impact each of your actions may have on the other person. “If I say or do this, what should I do next, and what are they likely to do after that?”
Consider this list of ‘wants’ that are frequently present:
Review the list above prior to starting your next negotiation. Ask yourself, “What does this person (team) really want? How can I satisfy their wants and still preserve my goals?”
Constantly search for outcomes that exceed both your goals and their wants. This is the pathway to creating true Both-Win® agreements.
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