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Preparation for Negotiations
How to Prepare
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Preparation for Negotiations
Introduction Information Gathering Methods and Sources of Information Collecting Making a Negotiation Plan
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Information Gathering
Roles of Negotiation Information Information on Related Environmental Factors Knowing the Opponent Knowing Competitors Knowing Oneself
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Roles of Negotiation Information
As the basis for working out strategic plans As a means to control the negotiation process As the medium between the two parties
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Information on Related Environmental Factors
The Political State The legal System Religious Beliefs Business Conventions Financial State Social Customs Infrastructure and Logistics System Climate factor
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Importance of Knowledge
Knowing the Opponent Nature of the company Credit status and financial status Individuals Knowing competitors Knowing oneself
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Making Negotiation Plans
Establishing goals Clarifying objectives Prioritizing one’s goals Three levels of goals Defining one’s interest Choosing a Strategy Setting an agenda Building one’s BATNA Choosing negotiation places Adjusting based on reality backed up by learning
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Prioritizing One’s Goals
Three levels of goals Ideal target Minimum target Realistic target
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Defining one’s interest
Substantive interest Process-based interest Relationship-based interest
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Choosing a Strategy Avoidance Competition Accommodation Compromise
Collaboration
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Setting an agenda List all issues to be debated
Give time frames to each issue Arrange order for the topics
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Building One’s BATNA Best Alternative To a Negotiation Agreement
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Choosing Negotiation Places
Host Court Guest Court Third Party’s Court
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Rehearsing Roles Discover advantages and disadvantages of the team
Determine the order of negotiation Analyze what sticky problems might appear Work out measures to deal with them
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Adjusting based on reality backed up by learning
A model of negotiation Repeated cycles of Learning Planning
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