Negotiation 101

Normal Divider.png

Category Type Name Description
Principles Ethical BATNA Best Alternative To a Negotiated Agreement: the most advantageous option available if a negotiation fails.
Principles Communication Active Listening A technique used to better understand the other party's position by focusing on what they are saying and showing that you are paying attention.
Principles Power Dynamics Zone of Possible Agreement (ZOPA) The area between the buyer's and seller's lowest acceptable price where a mutually beneficial agreement can be reached.
Principles Collaboration Win-Win A negotiation approach where both parties come out with a positive outcome.
Principles Emotional Intelligence Empathy The ability to understand and share the feelings of the other party.
Strategies Preparation Research Conducting research on the other party, the industry, and the product or service being negotiated.
Strategies Communication Framing Presenting the negotiation issue in a way that benefits your position.
Strategies Power Dynamics Leverage The ability to influence the other party through power or resources.
Strategies Ethics Fairness Ensuring that both parties receive an equitable outcome.
Strategies Collaboration Problem-Solving Working together to find creative solutions that benefit both parties.
Techniques Communication Persuasion Using language and evidence to convince the other party to accept your position.
Techniques Power Dynamics Walk-Away Being willing to end a negotiation if your needs are not being met.
Techniques Emotional Intelligence Anger Management Controlling emotions during a negotiation to prevent the situation from escalating.
Techniques Collaboration Brainstorming Generating ideas together to find mutually beneficial solutions.
Techniques Preparation Checklist Creating a list of items to prepare for a negotiation.
Frameworks Communication Mirroring Repeating back the other party's position to show understanding and build rapport.
Frameworks Power Dynamics Boulwarism A negotiation approach where the buyer presents their best offer upfront and refuses to negotiate.
Frameworks Collaboration Integrative Negotiation A negotiation approach where both parties work together to create a win-win outcome.
Frameworks Ethics Social Contract Theory An ethical framework that posits that all parties must agree to the terms of a negotiation for it to be fair.
Frameworks Emotional Intelligence Negotiation Judo Using the other party's momentum to your advantage.
Principles Communication Non-Verbal Communication Understanding and using body language, tone of voice, and facial expressions to better communicate with the other party.
Principles Power Dynamics Anchoring Starting the negotiation with an extreme position to make more reasonable offers seem more attractive.
Principles Ethics Utilitarianism An ethical framework that posits that the greatest good for the greatest number of people should be the ultimate goal.
Principles Emotional Intelligence Self-Awareness Understanding your own emotions and how they may affect the negotiation process.
Principles Collaboration Joint Problem-Solving Working together with the other party to find a mutually beneficial solution to the problem.
Strategies Preparation Strategy Development Creating a plan for the negotiation, including goals, potential outcomes, and key talking points.
Strategies Communication Clarity Using clear and concise language to avoid misunderstandings during the negotiation.
Strategies Power Dynamics Alternatives Analysis Considering and analyzing alternative options to improve your bargaining power.
Strategies Ethics Transparency Being open and honest with the other party about your intentions and goals.
Strategies Collaboration Team Building Building a positive relationship with the other party to encourage a collaborative negotiation process.
Techniques Communication Active Questioning Asking open-ended questions to gather more information and gain a better understanding of the other party's position.
Techniques Power Dynamics Threats and Promises Using threats or promises to incentivize the other party to agree to your terms.
Techniques Emotional Intelligence Patience Being patient during the negotiation process to avoid rushing into an unfavorable agreement.
Techniques Collaboration Mediation Bringing in a neutral third-party mediator to help resolve conflicts and find a mutually beneficial solution.
Techniques Preparation SWOT Analysis Analyzing the strengths, weaknesses, opportunities, and threats related to the negotiation to better prepare for the negotiation.
Frameworks Communication Information Sharing Being willing to share information with the other party to improve transparency and build trust.
Frameworks Power Dynamics Nibble Asking for small concessions after the other party has agreed to the main terms to gain additional advantages.
Frameworks Collaboration Multi-Party Negotiation A negotiation approach that involves multiple parties working together to achieve a common goal.
Frameworks Ethics Deontology An ethical framework that posits that certain actions are inherently right or wrong, regardless of the consequences.
Frameworks Emotional Intelligence Self-Regulation Controlling emotions during a negotiation to avoid making impulsive decisions.

Made with 🖤 from Peru by Ignacio Velasquez

https://app.actions.so/collection3/1659724878343x395271587285172200