What does Negotiation Look Like
When I was younger (although I’m
still quite young J), one of my favourite activity besides riding
a motorbike is mountain hiking. Even though I’m not an expert, I enjoy it tremendously
– especially that moment when you reach the top – that breathtaking view and
fresh air! It is a rarity for me, something I do not get to enjoy every day as
a consequence of living in a big city.
I’ve hiked both small and big mountains and some of my favourites are
Bromo, Panderman and Ijen to name of few.
Hiking is quite a dangerous sport
and an activity that you can’t just do impromptu. It requires detailed planning
– studying the weather, preparing the right equipment & attire, food
supplies, assess the route we would take etc. Before each hike, my colleagues
and I would spend at least a couple of days to a week preparing to ensure we
get it right, check and re-check that we have not left any scenario unprepared
for. The bigger the mountain, the more preparation time required.
Now that I am a Negotiation
Consultant, helping organisations and their people to negotiate better, I can
relate how negotiation is like hiking a mountain. One common mistake I see in
Negotiation is not being prepared. Most don’t understand what they should do
when they are negotiating, most either persuade the other party to accept their
opinion/offer or they haggle. This is not how negotiation should be done.
Before going in for a negotiation,
we need to have sufficient preparation. During preparation, we should define
what is our objective, what are specific issues we want to negotiate, what is
our intent and at what point do we walk away from the negotiation. What
strategy should we use in our negotiation is also a key factor. The bigger the
deal is, the more we need to prepare. If you fail to prepare, you are setting
yourself up for failure. That’s why it is extremely important to PREPARE before
any negotiation, big or small.
How Does your negotiation look like?
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