Ferdinand M. Ibezim 08078000000 08099999340 me@ferdinandibezim.com ferdibezim@yahoo.com www.ferdinandibezim.com www.sellingskillsng.com NEGOTIATION An Overview To identify the competencies of effective negotiation. To highlight negotiation. the critical pillars of Learn how to manage the negotiation process through its different stages to achieve mutually rewarding relationships. SESSION OBJECTIVES NEGOTIATION SKILLS What Constitutes a Negotiation? At least two parties are involved. Both parties must have something to gain from the negotiation. Both parties must have something to offer. They should be prepared to compromise. Both parties must have authority or be in a position to confer with someone who does. They must want to meet an agreement. Negotiation is a Decision-making Process Informational Dynamic Interpersonal Types of Negotiation Zero-Sum Game Integrative of Win-win Three Kind of Negotiators Conflict Happy Conflict Averse Optimal Your Objectives Your Concessions The Main Issues Your ZOPA Your BATNA HRESSC Your Bottonline Settlement Options THINGS TO CONSIDER Critical Negotiation Success Factors Negotiation Style Power Adaptation Strategy, tactics and concession patterns Planning Positioning The Negotiation Process Prepare Introduce Propose Bargain Agree Opening Offer Close the Deal Opening Stance Negotiation Positions Establish Commitment Initial Concessios Final Offer Parties: Who are the real parties in the negotiation? Interests: What are their fundamental needs and priorities? Key Questions that Negotiators Must Ask Value: How can value be created and who is likely to get it? Barriers: What obstacles might prevent agreement (or maximization of joint value) and how can they be overcome? Power: How can the various parties influence the negotiation process and its outcome? Ethics: What is the right thing to do? Issue Factor Factors to Consider Before Choosing Negotiation Style, Strategy and Tactics Relationship Factor Contextual Factors THANK YOU