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Preparation for Negotiations

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Presentation on theme: "Preparation for Negotiations"— Presentation transcript:

1 Preparation for Negotiations
How to Prepare

2 Preparation for Negotiations
Introduction Information Gathering Methods and Sources of Information Collecting Making a Negotiation Plan

3 Information Gathering
Roles of Negotiation Information Information on Related Environmental Factors Knowing the Opponent Knowing Competitors Knowing Oneself

4 Roles of Negotiation Information
As the basis for working out strategic plans As a means to control the negotiation process As the medium between the two parties

5 Information on Related Environmental Factors
The Political State The legal System Religious Beliefs Business Conventions Financial State Social Customs Infrastructure and Logistics System Climate factor

6 Importance of Knowledge
Knowing the Opponent Nature of the company Credit status and financial status Individuals Knowing competitors Knowing oneself

7 Making Negotiation Plans
Establishing goals   Clarifying objectives Prioritizing one’s goals Three levels of goals Defining one’s interest Choosing a Strategy Setting an agenda Building one’s BATNA Choosing negotiation places Adjusting based on reality backed up by learning

8 Prioritizing One’s Goals
Three levels of goals Ideal target Minimum target Realistic target

9 Defining one’s interest
Substantive interest Process-based interest Relationship-based interest

10 Choosing a Strategy Avoidance Competition Accommodation Compromise
Collaboration

11 Setting an agenda List all issues to be debated
Give time frames to each issue Arrange order for the topics

12 Building One’s BATNA Best Alternative To a Negotiation Agreement

13 Choosing Negotiation Places
Host Court Guest Court Third Party’s Court

14 Rehearsing Roles Discover advantages and disadvantages of the team
Determine the order of negotiation Analyze what sticky problems might appear Work out measures to deal with them

15 Adjusting based on reality backed up by learning
A model of negotiation Repeated cycles of Learning Planning


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