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EFFECTIVE NEGOTIATION SKILL
By Dr. Mansor Abdul Rahman
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What is Effective Negotiation?
Deal Successfully in Order to Reach Agreement Overcome Obstacles Along the Way Result Driven
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Everybody Negotiate Everyday
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Bargain About the Price of a Product or Service
Intended Course of Action Settling Differences of Opinion Proceedings Outcomes or Understandings Altering Existing Contracts or Transactions Terms of Cooperation Finding a Compromise if all else Fails
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Essential of Effective Negotiation
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Good Communication Skills
Do Research and Homeworks Maintain a Relaxed Mood/ Keep it Cool Always have Your FOCUS in Mind Be Open to Options Point out both the “Good” and the “Bad” “Risks” and “Benefits”
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Present and Maintain a Professional Attitude
Control Stress and Tension Avoid Politics and Egos Short Term Pain Long Term Gain
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Essential of Effective Negotiation
Possess the Authority to Make a Decision ( or sign a contract) Ask Questions Listen and Pay Attention Minimize all Distractions Verify all Legal Clauses of the Contract with an Attorney Know the Budget
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Essential of Effective Negotiation
DO Define the Purpose and Objectives Know the Event Have Printed Copies of Meeting Plans Available Make Key Contacts in all Services and Sites Follow up Frequently Obtain Peer Referrals Communicate with Clarity and Outline Everything in Writing Be Ethical
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Essential of Effective Negotiation
DO NOT Sacrifice Quality for Cost Make Unreasonable Demands Insist on Being the Final Authority Be Inconsiderate Escalate and Overestimate Needs Hesitate to Ask Questions Promise What Cannot be Delivered
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Essential of Effective Negotiation
DO NOT Lie or Misrepresentation of fact Jump at the First Offer Pass Up a Good Deal Based on a Personality Conflict (conflict of personality) Be Intimidated Hesitate to Advise the of Changes
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Steps in Negotiation Process
Step 1 - Orientation and Fact Finding Step 2 - Resistance Step 3 - Reformation of Strategies Step 4 - Hard Bargaining and Decision Making Step 5 - Agreement, and Step 6 - Follow-up
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NEGOTIATION STYLE
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Negotiation Style Competitive vs Cooperation
Move Back and Forth between the Two Styles “Win-lose Situation” - Distorted Communication - Confrontational/ Combatic Tactics - Emotional Ploys are Used - Hostile - Coercive Agreement Tactic to Force an Advantage
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Use Confident Body Language
Conceal Feeling Give Away Less Information Act Firm Offer Less Generous Opening Offers Slower to Give Concessions More Interested in Bargaining Position Planning Answers to Weak Points
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Cooperative Win-Win Mentality
Reasonable and Open Communication Trust Building Assumption: Common Interests, Benefits, and Needs Exist Accurate Exchange of Information
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Cooperative Win-Win Mentality
Mediated Discussion Emphasis on Coalition Formation Exploration of Issues Presented as Problems and Solutions
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Cooperative Win-Win Mentality
Search for Creative Alternative Solutions Patience Ability to Trade Intelligently Select the Best Alternative Based on Quality and Mutual Acceptability The Risk- Vulnerability to a Competitive Opponent
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What Do People Lack Most When They Negotiate?
CONFIDENCE!!
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Build Confidence Negotiate in an Assertive Manner Believe in Yourself
Take Charge in Your Own Action Listen During a Negotiation Speak in a Calm Manner in Negotiation
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More Confidence? Know Yourself Like Yourself Accept Yourself
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THANK YOU GLOBAL ADVISORY CONSULTANCY SDN BHD, SETIAWANGSA BUSINESS SUITES, JLN SETIAWANGSA 11, SETIAWANGSA, KUALA LUMPUR,
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Strategies Used Initial Stage Plan Thoroughly
Identify and Prioritize Issues Establish a Settlement Range Focus on Long-Term Goals and Consequences Focus on Mutual Principles and Concerns Be aware of the PLOY
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Strategies Used…cont Middle Stages Revise Strategies
Consider Alternative Options Increase Power by Getting the Other Side to Commit First Add Credibility by Getting in Writing Be Wary of Splitting the Difference To Handle an Impasse, Offer to Set it Aside Momentarily
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Strategies Used…cont Middle Stages
To Handle a Stalemate, Alter One of the Negotiating Points To Handle a Deadlock, Bring in a Third Party When Asked for a Concession, Ask for a Tradeoff
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Strategies Used…cont Ending Stages
Counter a Persistent Negotiator by Withdrawing an Offer Counter the Other Party Asking for More Concession by Addressing all Details and Communicating the Fairness Do Not Expect the Other Party to Follow Through on Verbal Promises Congratulate the Other Side
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International NEGOTIATION
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International Negotiation
Individualism vs Collectivism Communication Pattern Different Degrees of Roles Orderliness and Conformity Different Uses of Time
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Int Nego These Cultures Factors Affect: The Pace of Negotiation;
Negotiation Strategies; Degree of Emphasis on Personal Relationship; Emotional Aspects; and Decision Making.
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Understand the Ten (10) Cultural Orientation
Communication; Direct/Indirect, Time; Multi-Focus/Single Focus, Fixed/Fluid Environment; Control/Harmony/Constraint Action; Being/Doing Space; Private/Public
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Five More? Power: Hierarchy/Equality Thinking; Linear/Systematic
Structure; Order/Flexibility Competitiveness; Competitive/Cooperative Individualism/Collectivist
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What Do People Lack Most When They Negotiate?
CONFIDENCE!!
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Build Confidence Negotiate in an Assertive Manner Believe in Yourself
Take Charge in Your Own Action Listen During a Negotiation Speak in a Calm Manner in Negotiation
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More Confidence? Know Yourself Like Yourself Accept Yourself
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THANK YOU GLOBAL ADVISORY CONSULTANCY SDN BHD, SETIAWANGSA BUSINESS SUITES, JLN SETIAWANGSA 11, SETIAWANGSA, KUALA LUMPUR,
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A Four Stage Approach for Effective Conflict Resolution
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First Stage Recognize the Triggers of Conflict/ Frustration, such as:
You and/or Other Side: Feel Threatened Feel Defensive Are Lectured to, Spoken Down to …………..Stop Communicating
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Second Stage 1) Ask Yourself: What is the Real Issue Here? Clarify your own feeling, thoughts, needs, objectives 2) Ask Other Side For: Clarification of any Misunderstandings 3) Be Insightful: How Does it Feel to Be Them? Ask Again: What is the Real Problem?
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Third Stage Honestly Restate Position for
Improved Mutual Understanding
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Fourth Stage Decide Your Strategy to Resolve Conflict e.g recess, informal talks, apologies, cooling-off period Discuss Real Issues, Accept Responsibilities
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“When you discover that you are riding a dead horse the best strategy is to dismount” ………Dakota Indians
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