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 With negotiations you need to create value
and find solutions that best meet the needs
 By expanding the pie and meeting the needs
of all or most parties as much as possible will
allow you to claim an appropriate share for
yourself.
 There are nine strategies outlined that can be
used to increase the size of the pie
 Build trust and share information
 Ask diagnostic questions
 Provide information
 Unbundle issues
 Make package deals
 Make multiple offers simultaneously
 Use pre-settlement settlements
 Search for post-settlement settlements
 Structure contingency contracts by
capitalizing on differences
There are 6 types of info typically exchanged
 The position
 Underlying interests (needs)
 Priorities
 Key facts
 Substantiation (arguments supporting the
position)
 Questions related to underlying interest and
priorities increase the potential of reaching
an integrative solution.
 These questions assist in the search for value,
and may help decrease the other party’s
defensiveness.
 The key information to provide is about
priorities.
 Integrative solutions require at least two
issues.
 Where there are multiple issues, identifying
these issues, or “unbundling” them, is a way
to move toward an integrative solution.
 Creating new issues to negotiate may also
result in a superior outcome.
 Negotiations should focus on the package of
issues rather than each single issue.
 Negotiating issue by issue may result in an
impasse.
 Making a single issue the focus of the
negotiation may result in a compromise
agreement, or may reduce the chances of
making trade-offs across issues.
 Make multiple offers of equal value to the other
party.
 Multiple offers have the advantage of
anchoring the deal, displaying persistence,
signalling priorities, obtaining information
from the other party, and overcoming any
aversion to concessions by the other party.
 Suggested approach to multiple offers is:
◦ Devise potential multiple offers
◦ Select offers that have similar value to you
◦ Make the offers simultaneously
 A pre-settlement settlement is a binding,
formal agreement that partially addresses the
issues of the agreement.
 In the pre-settlement settlement certain
issues are negotiated and settled, with an
agreement to continue negotiations.
 This approach can be used as a staging
platform to develop creative solutions to
other issues.
 Conversely, after an agreement is struck, the
parties can enter a formal agreement to
continue searching for mutually beneficial
solutions to any outstanding or future issues.
This is part of an on-line course
“Negotiation Tactics”
REGISTER ON-LINE
http://better-business-solutions.teachable.com
Better Business Solutions
better.business2@yahoo.com
http://better-business-solutions.teachable.com
Negotiation Strategies for Expanding Value and Reaching Integrative Solutions

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Negotiation Strategies for Expanding Value and Reaching Integrative Solutions

  • 1.
  • 2.  With negotiations you need to create value and find solutions that best meet the needs  By expanding the pie and meeting the needs of all or most parties as much as possible will allow you to claim an appropriate share for yourself.  There are nine strategies outlined that can be used to increase the size of the pie
  • 3.  Build trust and share information  Ask diagnostic questions  Provide information  Unbundle issues  Make package deals  Make multiple offers simultaneously  Use pre-settlement settlements  Search for post-settlement settlements  Structure contingency contracts by capitalizing on differences
  • 4. There are 6 types of info typically exchanged  The position  Underlying interests (needs)  Priorities  Key facts  Substantiation (arguments supporting the position)
  • 5.  Questions related to underlying interest and priorities increase the potential of reaching an integrative solution.  These questions assist in the search for value, and may help decrease the other party’s defensiveness.
  • 6.  The key information to provide is about priorities.
  • 7.  Integrative solutions require at least two issues.  Where there are multiple issues, identifying these issues, or “unbundling” them, is a way to move toward an integrative solution.  Creating new issues to negotiate may also result in a superior outcome.
  • 8.  Negotiations should focus on the package of issues rather than each single issue.  Negotiating issue by issue may result in an impasse.  Making a single issue the focus of the negotiation may result in a compromise agreement, or may reduce the chances of making trade-offs across issues.
  • 9.  Make multiple offers of equal value to the other party.  Multiple offers have the advantage of anchoring the deal, displaying persistence, signalling priorities, obtaining information from the other party, and overcoming any aversion to concessions by the other party.  Suggested approach to multiple offers is: ◦ Devise potential multiple offers ◦ Select offers that have similar value to you ◦ Make the offers simultaneously
  • 10.  A pre-settlement settlement is a binding, formal agreement that partially addresses the issues of the agreement.  In the pre-settlement settlement certain issues are negotiated and settled, with an agreement to continue negotiations.  This approach can be used as a staging platform to develop creative solutions to other issues.
  • 11.  Conversely, after an agreement is struck, the parties can enter a formal agreement to continue searching for mutually beneficial solutions to any outstanding or future issues.
  • 12. This is part of an on-line course “Negotiation Tactics” REGISTER ON-LINE http://better-business-solutions.teachable.com