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In the world of negotiating there are number of classic questions that we all deal with each time we start a negotiation.
One of the biggest is whether or not we should be the ones who make the first offer. The answer to this question is generally “yes” – lots of research has gone into what is called “anchoring bias” and it tells us that no matter what negotiation styles and negotiating techniques are being used, we should be the ones who move first. What is anchoring in negotiation you ask?
In a negotiation centered on either price or another issue, the party who moves first typically benefits by “anchoring” the discussion that follows on their offer—even if the anchor is arbitrary.
Let’s face it – you can’t negotiate without having some emotions come into play.
We all tend to get upset, excited, depressed, and elated at different times during a negotiation because of the negotiation styles and negotiating techniques that are involved. Without a lot of surprise it turns out that the people who study such things are learning about the connections among emotions, negotiators, and decision making.
Since such emotions can influence the results of our negotiations, it sure seems as though we should take some time and understand how our emotions can influence our outcomes.
When we enter into a negotiation, we are facing a number of different challenges.
One of the biggest can be cultural barriers to communication if the other side comes from a different background than you do. In order to overcome such issues, we need to find different ways to use our negotiation styles and negotiating techniques to communicate with the other side using manners, body language, and perhaps even our physical appearance. When we are negotiating with someone online, a number of the ways that we communicate will not be available to us.
However, we are still going to have to find a way to build a sense of rapport with them.
So I’ve got a quick question for you: what’s the goal of your next negotiation?
I’m pretty sure that you’re going to tell me that you want to be able to reach a deal with the other side. I’d say that not only do you want to reach a deal with them, but you want to reach a deal with them that both sides believe that they can live with.
This is the essence of win-win negotiation. I think that we can all agree that it’s something that we’d all like to be able to do; however, the big question is how can we use win-win negotiation styles and negotiating techniques to get what we want?
It goes without saying that when we sit down at the negotiating table, both sides have a different view of the world.
We both want something and in order to get what we want, the other side is going to have to be willing to give something up. The fact that we all have different preferences means that if we are not careful our negotiations can grind to a halt.
What we need to get good at is using our negotiation styles and negotiating techniques to find ways to create mutually beneficial agreements during our negotiations that both sides will be able to live with.
Negotiating is all about having a discussion with the other side while using your negotiation styles and negotiating techniques with the hope of changing the way that they see the world.
As expected, this kind of change does not always happen easily – a negotiation can cause conflicts to occur. When an issue flares up and conflict resolution is required, the outcome can be predictable: the conflict gets bigger and bigger, with each side blaming the other in increasingly angry terms. The dispute may end up in litigation, and the relationship may be forever damaged.
As negotiators, what we need are negotiation strategies that we can use to resolve situations like this.
We are all human.
What this means is that for some odd and unexplained reason no mater which negotiation styles or negotiating techniques we are using, we all seem to like things that come in threes. In our world it seems as though all good things come in groups of three. Think about it, your childhood was filled with three bears, three kings, three little pigs, etc.
It turns out that for negotiators, things that come in groups of three can be rewarding as well.
The reason that we enter into a negotiation is because we want to be able to use our negotiation styles and negotiating techniques to reach a deal with the other side.
The challenge that we have is that what we want and what they want may be two very different things. The whole purpose of a negotiation is for us to find a way to build bridges between our two opposing camps and find some common ground that both of us can live with. The one thing that we don’t want to have happen is for us to run into an impasse – that would be a negotiation failure.
What can we do to make sure that this does not happen?
I can only speak for myself, but I have no problem sharing with you that during a negotiation I can become very, very frustrated with how things are going.
No matter if your negotiation styles and negotiating techniques are causing things to go too slow, go off in the wrong direction, or, even worse, not go anywhere. I start to become angrier and angrier as time passes. This, of course, leads to a fairly classic negotiating question.
When you become angry during a negotiation, should you hide your emotions or should you show them to the other side?
Not every negotiation that we are involved in will work out for us.
In fact, some of them will fail. When we think of failed negotiations, generally we picture negotiators walking away from the table in disappointment. It turns out that that’s only one type of disappointing negotiation. It turns out that there is another type of failure when it comes to negotiating. A negotiation can be considered to be a failure when both sides come to regret the deal over time as well as those deals that fall apart during implementation.
As negotiators, we need to learn how to avoid creating deals that will become failures.
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