NEGOTIATING IN THE GLOBAL CONTEXT (MGMT5912) Noa Sheer Negotiation consultant at Sheer Negotiations Lecturer at UNSW School of Business & Australian Graduate School of Management What is a negotiation? Negotiation is a process where two parties with differences that they need to resolve try to reach agreement through exploring for options and exchanging offers – and an agreement Use the definition to analyse a negotiation Negotiation is a process where two parties Who are the parties? with differences What does each party really want? which they need to resolve try to reach agreement Why do we, and they, need an agreement? through exploring for options What are some possible solutions? and exchanging offers How might we manage any tension? and an agreement What would a good agreement look like? INTERESTS Tangible interests have quantifiable value Intangible interests relate to emotions, fears and feelings WHAT DO WE WANT? Well that depends on the time frame we focus on What underlying interests do you take with you to every negotiation? Safety Agency Status ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● Belonging Be perceived as successful Impact others Feel valued/needed Public or private acknowledgement Feel heard Be perceived as ethical Autonomy and independence Be perceived as smart and capable To win! Loyalty Do the right thing Prove myself to others/impress Leave a legacy Avoid conflict When you want to persuade someone, what is your go-to approach? 1. Put pressure on them to agree 2. List evidence for why you are right 3. Explore what’s in it for them APPROACH Power based Rights based Interest based The narrative