4 Lapses in Judgement which Hold People Back When NegotiatingJul 27, 2021
Negotiating is one of the most important skills to possess in business. Particularly because business is all about managing resources, and coordinating with stakeholders. The sad thing about negotiation is that many people misunderstand what it’s truly about. We tend to view negotiation as a straightforward dialogue, when it’s actually an intricate ritual of persuasion. Negotiation has to be performed with skill, and timing, in order for it to work out well.
Get Your Head in the Game
Author Meina Liu explains that, “Negotiations take place in a wide array of forms, whether to resolve a dispute, or to generally find valuable solutions to prevailing problems. Because negotiation is a dynamic communication process where new information and variables may arise, negotiators should always be prepared to deal with contingencies or factors that may interfere with their intended goals.”
Here are a few basic mistakes that make it difficult to be an effective negotiator:
1) Having Rigid Expectations and Demands
Negotiation might be enhanced by structure and preparation, but that doesn’t mean it’s immune to unpredictable obstacles. When hurdles present themselves, it’s important to understand how to evolve and adapt your expectations.
2) Going into Discussions with Limited Information
Knowledge is power during negotiation. So the more you understand about your counter party, and the context of negotiation, the more you can persuasively build stable consensus.
3) Making Negotiation a Zero-Sum Game
Whenever possible, always strive to achieve win/win outcomes during negotiations. Instead of viewing negotiations as transactions, viewed them as opportunities to create allies.
4) Forgetting About Personalities
Negotiation is an act of human interaction. That means it’s necessary to exercise emotional intelligence in order to succeed at it. Catering to people’s personalities makes it easier to find common ground.
Negotiation is actually a very sophisticated combination of art, and science. On one hand, negotiation requires an ability to think outside the box, and use creative improvisation. On the other hand, it’s also important to be analytical and deductive when negotiating. Figuring out how to balance these two ways of thinking is a guarantee that you’ll approach negotiation with a leg up.
If you like what you just read from our blog, you’ll love the various informative courses, workshops and events listed on our websites and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Academy can help you break past your daily struggles and start soaring in success. For business development coaching by Richard Martinez, call at 626-202-2291 or follow us on Facebook and Instagram.
Address : 260 Baker Street Suite 200 Costa Mesa CA 92626
Stay connected with news and updates!
Stay up to date with new blog posts, new courses and programs offered by Richard Martinez!
Subscribe to our newsletter! - Get the latest from Richard Martinez in your inbox.
We hate SPAM. We will never sell your information, for any reason.