Planning for negotiations , Other Management

Assignment Help:

Planning for negotiations 

A complex negotiation requires specific planning to be successful. Without planning, a negotiator cannot possibly have the information required to effectively argue with a strong stand in a complex negotiation. Sufficient time needs to be committed upfront to the planning for a complex negotiation. Planning negotiation includes: 

  • Establishing specific objectives and also the range of those objectives. Objectives may need to be categorised as „must have? and "would like to  have?. Although building relationship is important, the parties should not be afraid to isolate the most important objectives and areas of concern, and put them on the table for discussion at an early stage. After the objectives have been stated, you have to make sure that they remain the primary focus of the negotiations. You should avoid getting lost in details and contractual languages, and should be flexible enough to consider alternative methods for achieving objectives and overcoming concerns. Nothing brings negotiations to halt faster than one partner?s proposal of final plans or offers that, at least in the eyes of the other partner, must either be accepted or rejected without much discussion. Failure to do this will lead to agreeing to something that is not in your company?s best interest, or delaying the negotiation process.  
  • Ensuring the right people are negotiating. Participants involved in the negotiation process should include all persons who will have substantive responsibilities in executing  the relationship, as well as representatives of senior management with authority to make commitments on behalf of each party. It is also wise to pay careful attention to the rank and status of negotiators for the other side.
  • Analysing the other party's strengths and weaknesses as well as your own.  This will help you to formulate convincing arguements or support for your arguements. You should also identify areas of flexibility within the arguement points. Gathering sufficient information about the other party is very important. This may not be difficult for items which you are already purchasing. Otherwise, you must peruse trade journals, government reports, annual reports, commercial databases, Internet or resort to direct enquiries to supplier?s personnel. 
  • Understanding the other party's needs for example, if supplier desires market share and volume, he will want the whole contract and not part contract. If supplier is supplying for your business for the first time, it would be preferable to create a small  contract with an eye on future business. 
  • Differentiating between facts and issues.  Facts are reality or truth which cannot be negotiated about. Issues are items or topics to resolve during a negotiation and are to be identified in advance. 
  • Establishing a position on each issue. The negotiator should develop a range of positions on an issue  -  a minimum acceptable position, a maximum or ideal outcome, a most likely targeted position. 

Related Discussions:- Planning for negotiations

Species of classification - library management, Species of Classification: ...

Species of Classification: There are broadly speaking two species of classification systems - enumerative and faceted. Enumerative classification is that in which all classes

Observation checklist - research tools, Observation Checklist/Schedule: ...

Observation Checklist/Schedule: This section Refer to the section on observation technique given in subsection which describes  the phenomenon  that can be observed and types

Organizational management, 1 list the various reasons in organization xyz w...

1 list the various reasons in organization xyz which lead to its development

Value chain, For our project we have to describe a value chain for an airpo...

For our project we have to describe a value chain for an airport. Could you help me with what I need to describe at all the primary procesess.

Describe the guidelines of change management, Question 1 Define strategic ...

Question 1 Define strategic quality management. Describe the elements of strategic quality management Question 2 Explain the types, advantages and drawbacks of qualitative re

Research tools - library management, RESEARCH TOOLS: Questionnaire and...

RESEARCH TOOLS: Questionnaire and interviews are probably the most  frequently used  data collection methods  in  rlursing research. Observation  is also an  important method

Developing procedures to facilitate recording, Developing Procedures to Fac...

Developing Procedures to Facilitate Recording: In  order  to have adequate account-of what was observed  during observation  some procedurrecordings should be  followed, eithe

Quadrants can be useful to the ministry of agro-industry, QUESTION Anso...

QUESTION Ansoff's Matrix is described as a very useful tool that can be used in nearly every scenario. Define and describe Ansoff's Matrix. Explain how each of the four Quadran

What are the benefits of public-private-partnership, QUESTION a) Public...

QUESTION a) Public sector projects are being resorted to on a public-private basis. Explain what is public-private-partnership (PPP)? b) What are the benefits of public-priv

Activities of a maintenance schedule, Question: (a) Which are the bodi...

Question: (a) Which are the bodies responsible for policies and decisions on the exploitation and use of water resources. Explain their respective roles and functions? (b)

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd