Jump to content

Draft:Principles of negotiation

From Wikipedia, the free encyclopedia


PRINCIPLES OF NEGOTIATION Negotiation is the art of reaching a mutually satisfactory agreement through strategic discussion and compromises. Negotiation enables to navigate complex situations and resolve problems. The Harvard Law School has given 7 key principles of negotiation.[1]

Relationship

[edit]

Establishing positive relationship between the parties involved is an essential aspect of negotiation. This involves distinguishing between the problem and the individuals and developing trust, respect, and empathy to encourage collaboration. [2]

Communication

[edit]

Communication skills are fundamental for effective negotiation. It involves your body language, the way you express your thoughts, choice of words, and your overall behavior. Effective communication includes active listening, clear articulation of one’s own thoughts and summerizing key points to ensure understanding.egotiation.[3]

Interests

[edit]

It is regarding “What do people really want?” Negotiation involves identifying and addressing the needs, interests and wants of all the parties. Understanding both stated and unstated interests through probing questions can help in finding mutually beneficial solutions. [4]

Alternatives

[edit]

Prior to any negotiation ask yourself “What am I going to do if I don’t reach a deal?”. Identify the suitable alternatives to the agreement and paint a picture of your BATNA (Best Alternative To Negotiated Agreement). If possible, weakening opposite party’s perceived alternatives can strengthen your position.

Options

[edit]

In negotiation, an option refers to any possible agreement that could satisfy the interests of the parties involved. These options should be designed to meet the interest of both the parties and to maximize joint gains. They differ from alternatives which explores what happens if you cannot reach an agreement.

Legitimacy

[edit]

In a negotiation it is crucial to have objective standards of fairness for the claims made. This ensures that both the parties have a point of reference beyond what is discussed at the negotiating table. [5]

Commitment

[edit]

The final stage of negotiation is receiving an agreement, or promise from the parties. The commitment arrived at should be realistic and plans for further implementation should be included.

References

[edit]

[6] [7] [8] [9] [10] [11] [12] [13]