Institute of Certified Public Accountants of Uganda Advanced Negotiation Skills CPD Webinar 09-Apr-21 By Alfred Brian Agaba, FCCA, CPA Managing Director, ACLAIM Africa Limited What negotiation is Brief Discussion about Negotiation Negotiation Tips/Tools/ Considerations Negotiation happens when ... …two or more people that have differing views about an issue come together to discuss how an agreed position may be reached. 3 “Everything is Negotiable.” Prof. Gavin Kennedy, Negotiate Limited True or False? 4 Accountants/Auditors Negotiate… Price Ideas 6 Stakeholder Mapping - who to negotiate with Negotiation Tips/Tools! Stakeholder Mapping Negotiate in this quadrant! Power/ Influence H Anticipate & Meet Needs Key Players – Engage! Minimal Contact Keep Informed L H Interest Stakeholder Mapping - who to negotiate with. Competence of the other party in the subject matter. Negotiation Tips/Tools! Competence of Negotiating parties Unconscious Incompetence Conscious Incompetence (I know that I don’t know) (I don’t know that I don’t know) Unconscious Competence Conscious Competence (I know and it is second nature) (I know but conscious of my actions) Stakeholder Mapping - who to negotiate with. Competence of the other party in the subject matter. Consider differences in Perspectives (3MEW). Determine Negotiation Range in advance. Negotiation Tips/Tools! Determine Negotiation Range Your Aspiration Range Their Aspiration Range Negotiation Range Your Target $50,000 Their Resistance Your Resistance $40,000 $30,000 Their Target $20,000 Stakeholder Mapping - who to negotiate with. Negotiation Tips/Tools! Outline Benefits & Potential Adverse effects. Competence of the other party in the subject matter. Listen – to the said, unsaid, tone, body language. Consider differences in Perspective. Loose some Battles to Win the War. Determine Negotiation Range in advance. Loose Some Battles to Win The War Yes Critical Outcome Compete Avoid No Avoid: Issue not so important. Not worth the effort. No need to negotiate. Drop it. Collaborate Accommodate: Issue not so critical. One wants to build relationship. Concede. Concede first. Accommodate Yes Relationship Outcome Key Compete: Issue is very critical. Relationship unlikely to be affected e.g. legal or standards compliance. Stand ground. Demonstrate benefit/consequence, etc. Collaborate: Issue is critical. Relationship is key. Focus is less on each of the positions but more on identifying the best solution. Alternatives considered and discussed by both. Stakeholder Mapping - who to negotiate with. Negotiation Tips/Tools! Outline Benefits & Potential Adverse effects. Competence of the other party in the subject. Courteous but Assertive. Not confrontational or disagreeable. Demonstrate Contextual Empathy. Listen – to the said, unsaid, tone, body language. Consider differences in Perspective. Avoid negotiating with self. Loose some Battles to Win the War. Determine Negotiation Range in advance. Be guided by Values & Ethics. Creative Alternatives. “In a successful negotiation, everyone wins. The objective should be agreement, not victory.“ Anon “You cannot shake hands with a clenched fist” Indhira Ghandi 17 Thank You Alfred Brian Agaba, FCCA, CPA Managing Director | Managing Consultant ACLAIM Africa Limited +256-772-122411 abagaba@aclaimafrica.com