Negotiation: Deciding what resources parties each willgive and take in an exchange
Preparation Leads to Better Deals TerriGriffith.com/blo
Job Applicant Negotiation1. Familiarize yourself with your role & the situation (5 min)2. Decide what you would like to accomplish (pick a goal, 2 min)3. Decide how you would like to accomplish it (brainstorm tactics, 3 min)4. Agreement on all issues, or impasse5. Negotiate Outside of Room6. Record Outcomes on Board
Types of IssuesDistributive Different Preferences Same ValuesCongruent Same PreferencesIntegrative Different Preferences Diff Values
Not what people want, butwhy they want it … and finding ways to address underlying preferences/priorities that satisfy your own
Worksheet9. Not what people want, but ___________.10. _____________ & _____________ are two methods of creating more value in the negotiation.
Worksheet1. Preparation for negotiation is trivial or involved?2. What three kinds of information do you need to brainstorm about before your first meeting about a negotiation? TerriGriffith.com/blo
Worksheet3. When you have time, what is the agenda for your first negotiation meeting?4. Describe at least two tactics for gathering information from the stakeholders to a negotiation: TerriGriffith.com/blo
Second Context:Performance InterviewChris – Brand ManagerLee – Product Manager
WorksheetRead your case and determine:Your basic goal in the meetingPlan how to achieve that goal
Be Strategic In Your Preparation• What’s your BATNA?• What’s the other party’s BATNA?• What are the issues & outcomes?• What are the other party’s issues & outcomes?• How are the outcomes valued?• Strategies and techniques you can apply?
After Action ReviewWhat can you take away regarding alternativepoints of view?What about long versus short term goals and howyou value them?BATNA? Other preparation that would have beenuseful?