I came across a 2009 blog the other day written by Anthony K. Tjan for the Harvard Business Review. It contains 4 simple rules for effective negotiations; reading through them- I found them to be old friends; rules that I have discussed before in my blogs:
•1. Be prepared. Mr. Tjan
suggests that each party does her homework before the negotiations even
begin by evaluating not only her own needs and interests but those of
each other party as well. Look at the issues from the other person's
perspective- you will be amazed at what you see; it is truly an "ah hah"
moment.
•2. Negotiating against yourself.
During the negotiation, do not negotiate against yourself. Do not give
in on your initial points too easily or too early in the process. Often
times, a party does not have all of the information needed during the
early stages of mediation and learns things as the process proceeds.
Such new information causes a change in position. So... wait until you
learn new information before conceding points.
•3. Impasse. In almost all of my
mediations, there comes a point when neither party is willing to move
any further aka impasse. DO NOT GIVE UP. Rather, take a few moments,
take a break and think "outside of the box"; think about other things
and whether there is something tangentially related that may add value.
For example, if the parties are stuck at two very different monetary
values, perhaps there is something of a non monetary nature that will
add value. In my "lemon law" cases, it may be including an extended
service contract or a "supervised" repair that may get the parties over
the hump of impasse.
•4. Closing the deal. Mr. Tjan
offers some excellent advice: never be the party to be the one that
walks away from the deal; let the other party make that move. So many
times, I have had one party tell me that "X" is the last and final
demand while the other party tells me that "Y" is her last and final
offer. I tell one party to sit tight while I go talk to the other party
and lo and behold, the other party is willing to move a little and, in
response, the first party is willing to move a little bit as well... and
before I know it, the parties have a deal. Neither the offer nor the
demand was truly the "last and final." Patience is the key as well as
not being the one to walk away. By playing "chicken", you may just end
up with a deal!
I know I may sound like a broken record as I have discussed each of
these points several times before- but they are invaluable and make the
difference between resolving a dispute and continuing the acrimony.credits;http://www.pgpmediation.com/blog/2013/05/effective-negotiations.shtml
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