The answer to this depends on how well you manage your negotiations. Negotiations assume various colours (and volumes) depending on the environment - the parliament, the PM’s office or the boardroom. We are focusing on the last here, for the art of negotiations is fundamental to business life. Learn effective negotiations in seven steps:
Avoid the word “Negotiate”
Sounds strange but it works. You are prone to meet angry, skeptical people at the negotiating table with set criteria on their minds. The word “negotiate” sounds like concede in the beginning and they begin feeling they on the loosing game already. Resistance to change their mind or moods will slow downthe process and the word “negotiate” can trigger that resistance. Instead, you can choose positive phrases like “let us agree”, “lets’s work things out”, and “you will be interested in this”. Such statements will make people more amenable to listening to your proposal.
Write Your Objectives Before Meeting
Identify which of you goals are you willing to be flexible on, as well as the ones non negotiable. Figure out the least amount you are willing to take in the negotiation. When you are clear on what you want and what you intend to secure, it ensures a no - nonsense conversation. Also, only when you are prepared with noteswill you sound meaningful throuhout the discussion. Amd yes, nothing is like your own scribbles. Don’t depend on your phone.
RESEARCH OBSTACLES AND POSSIBLE SOLUTIONS
Negotiation is rooted from the want to eliminate lack on both sides of the table. When you negotiate, you are actually ‘moving towards’ and looking for a solution to your problems or in the process of suggesting ways to improve your current standing. This is where research helps. Your homework will make your predict any potential objections that might arise.
GET ALL THE CARDS TO THE TABLE
This one’s for those who’re overly diplomatic and tend to keep the ‘best for later’. Yes, ‘showing’ all your cards will be foolhardiness, but getting them to the meeting won’t harm right? Your open mind will avoid going around the point and get all parties to do the same. You would easily ignore boredom, negatively and drifting off the point by presenting good concrete starting points. All of these factors can adversely impact negotiation process and lead to a less-than-favourable result. You will have a solid foundation from which to proceed towards a win-win situation.
COMFORT IS THE KEY ELEMENT
At all times of the negotiation, make sure a certain level of comfort is maintained for both/all sides. No one should feel they’re being pushed into the losing side of the deal. Because from here on, objectivity will disappear and your leverage will go out the window with it.If cooperation is what you desire, you must put yourself into the other person’s shoes so that when concessions are necessary, they are made to the benefit off all. Keep the others interested by citing the benefits that they can get from agreeing to your proposal.
PEOPLE WANT TO HEAR ABOUT SUCCESS
Adopt a ‘we can make things happen’ attitude and body language. Demonstrate how you can make the plan work together. Convince them to put a viable plan in place that takes into account both sides’ needs. Tell them that you know somebody who used a similar strategy with great results.
DON’T FORGET TO FOLLOW THE GOLDEN RULE
Though this tip is listed last, it should be present throughout. You will want to treat others professionally, because that is the way you want them to treat you. Be responsive. At the beginning, you can even give them a small gift, something small which expresses your willingness to work with them. Serve snacks or even meals throughout the process and break the ice before sitting down to business by engaging them in a bit of talk about their hobbies, interests or even family and common friends. Treat them like business friends than competitors.
Originally published in the “Bangalore Mirror”.