-
Should I ever
state my acceptable range?
-
Should I ever
tell the other side my real bottom line?
-
The other part
opens with and unreasonable number. Should I counter with equally unreasonable
number?
- Never state a monetary range of what you're willing to pay, this would
give away your reservation price. You can only mention a range at the end
of the negotiation process to discourage the other side from pushing you
beyond it.
- You can only reveal the bottom line once you've reached it (or are
about to). Is is important you say it firmly for the other side to tae you
seriously.
- If the other side opens with an incredibly unreasonable number, there
is many options in front of you:
-
Make a joke in
order to tell them you won't even consider the offer
-
State that the
number is unreasonable, talk about interests, explain your perspective on the
deal, discuss and then you might suggest a number that you justify reasonable
and that if favorable to you.
-
Is it ever
acceptable to bid against myself to make two moves in a row?
-
Is it smart or
fair to bluff?
-
In a complex
deal, is it better to reach agreement issue by issue or wait until the end?
-
Is it better to
deal with difficult or easy issues first?
-
What if there is
an unexpected turn in the road before or after an agreement?
- It is not a good idea to bid against yourself. If the situation is
stuck and the only way to make progress is for you to move again, you
should mention your awareness of what you are doing, make the next move to
show your good faith to a reasonable number. Explain your reasoning and
ask the other side to do the same, if they don’t, you’ve reach an impass
and you should talk about interests and new creative options.
- It is okay to bluff, however, you must make sure what you bring to the
table has real value.
- Every
deal is different. Sometimes, it is better to start with difficult issues
and sometimes the reverse is better. However, think about aiming for tentative
agreements, one issue at the time. That way, the creation of value can
happen.
- Unexpected developments might endanger potential agreements or
undermine deals already made. You should be flexible, because “what goes
around comes around”.
-
What happens
when you pit a collaborative negotiator against a positional bard bargain?
-
How should I respond
if the other side seeks to change something in its offer after a deal has been
reached?
-
What should I do
when the negotiator on the other side has a temper tantrum?
-
It is
appropriate to negotiate over the telephone (/email)?
-
How should I react
when the other side challenges my credentials, status, or authority to make a
deal?
- The propositional bargainer wants to win at the other side's expense
and expects all the compromises to come from the other side. The negotiation
will be very hard with this type of individual.
- The collaborative negotiator should try to “convert” the hard
bargainer to create some value in the deal.
- If the other side (that might be winning) wants to change the deal after
it is made. If they want to change one aspect they need to be willing to change other
aspects that you might want.
- If you’re facing a negotiator with “a temper tantrum” try to help them
regain control.
- If the other side is lying, require documentation and insist on
enforcement mechanisms such as penalty for non-compliance or positive incentives
for early performance).
- It is always better to negotiate face to face. you can pick-up on
non-verbal cues. Research indicates that people are less likely to lie in person.
It’s still possible to negotiate by email or telephone but it is not ideal
Comments
Post a Comment