Win-win negotiations for maximum joint gain
Chapter 6
p.6
I hear so much about “negotiation” (and also “consultation”) these days. What role does negotiation play in business and what skills do I need to be an effective negotiator?
The objective of a Win-Win negotiation is to identify and maximize the value on the negotiating table for both parties, ensuring that both gain more than they contribute in effort, risk and cost.
Consider the diagram below. Ideally, effective negotiation in business transactions will result in both the company and the customer finding themselves in the Win-Win or Win more than the Lose situation.
What must I do before negotiating?
Can you give me some tips for pre-negotiation planning?
Decide on your strategy:
a) Minimum you can accept.
Your must achieve objectives
b) Maximum you can ask for.
Your want to achieve objectivesc)
c) Maximum you can give away.
Concessions you’re willing to make.
d) Least you can offer.
Identify your ZOPA:
The zone of potential agreement where you think your interests and the other party’s interests overlap.
Identify your BATNA:
Your fall-back position or best alternative to a negotiated agreement – the alternative action you will take if a negotiated agreement does not prove possible.
Identify your WATNA:
The worst alternative to a negotiate agreement.
Decide on an approach:
Determine whether the negotiations call for collaborative or competitive negotiating strategies and tactics and tactics.
Have a look at www.spiraldynamics.com
Win win negotiations for maximum joint gain
I Ask
I hear so much about “negotiation” (and also “consultation”) these days. What role does negotiation play in business and what skills do I need to be an effective negotiator?
I Answer
The objective of a Win-Win negotiation is to identify and maximize the value on the negotiating table for both parties, ensuring that both gain more than they contribute in effort, risk and cost.
Consider the diagram below. Ideally, effective negotiation in business transactions will result in both the company and the customer finding themselves in the Win-Win or Win more than the Lose situation.
I Ask
What must I do before negotiating?
Can you give me some tips for pre-negotiation planning?
I Answer
Decide on your strategy:
a) Minimum you can accept.
Your must achieve objectives
b) Maximum you can ask for.
Your want to achieve objectives
c) Maximum you can give away.
Concessions you’re willing to make.
d) Least you can offer.
Identify your ZOPA
The Zone Of Potential Agreement where you think your interests and the other party’s interests overlap.
Identify your BATNA
Your fall-back position or Best Alternative To a Negotiated Agreement – the alternative action you will take if a negotiated agreement does not prove possible.
Identify your WATNA
The Worst Alternative To a Negotiated Agreement.
Decide on an approach
Determine whether the negotiations call for collaborative or competitive negotiating strategies and tactics.
Have a look at www.spiraldynamics.com
Tagged as:
negotiating skills,
negotiation skills,
negotiation tactics,
win win agreement,
win win negotiation
About Unre Visagie
I am a master coach with 30 years of career and business coaching experience. I have built and sold many of my own multi-million dollar companies. I have always built my companies based on the principle of successful people make a successful company. I invest in people. As your coach you get 30 years of experience to help you do the work you love and earn the salary you want.
{ 1 comment… read it below or add one }
i am very grateful for your articles.
{ 4 trackbacks }