These slides are based upon a Book called 10 ways to become a master negotiator written by MICHAEL C.DONALDSON .This helps to improve our negotiating skills
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Ways to become master negotiator
1. Ways to Become a Master
Negotiator
BY Michael C.Donaldson
Shanmukha Akinapelli
Pgdm2/1534
2. Michael C.Donaldson
Born: October 13, 1939 (age 76)
Is an American entertainment attorney, independent film
advocate
Recipient of the International Documentary Association's Amicus
Award
This honor bestowed upon only two others, Steven Spielberg and
John Hendricks
3. 1. Commit to the Process
You can commit to any process that may help
you improve your communication & negotiating.
WISH-WANT-WALK method
As you work on your negotiating skills on getting
what you want In life then adopt a new MANTRA
4. I am a great negotiator
I am a grate negotiator
I AM A GREAT NEGOTIATOR
5. I AM NOT A VERY GOOD NEGOTIATOR
I AVOID NEGOTIATING ALTOGETHER
6. 2.BUILD A TEMPLE
Take care of your self.
Nobody can take care of your mind ,your Body as you can.
You can’t be a great negotiator if you allow other things of your life to run
AMOK.
If you want to be a great negotiator -
7. a) Eat right
b)Sleep well
c) Get some exercise, to keep your body flexible
Keep your soul fit like your physical body
Develop positive attitude
BUILD YOUR “TEMPLE” MEANS YOUR NAME
The care of that temple is solely your responsibility
8. 3.Pick Two People and Study Their
Negotiating Techniques
six basic negotiating skills:
1. Preparation,
2. Setting goals and limits,
3. Listening,
4. Getting your point across clearly,
5. Using pauses to your advantage, and
6. Closing the deal.
9. • Pick someone who has a reputation as a great negotiator,
but with whom you don’t have a personal relationship
• Pick someone close to you that you can observe close up
and question while negotiations are ongoing.
10. 4. Adopt a Hero
Pick at least one person, living or dead, near or far, whom you
really admire
Follow that person’s career
If the person is deceased, you can become an expert on that
person by reading everything you can get your hands on about
him or her
11. Choose someone who genuinely interests you
Successful people are always successful negotiators
Successful people have the same personal and financial
problems you have
You can learn a great deal about your own life by keeping
your eyes firmly on someone you admire
Be it a sports figure, a business titan, an entertainer, a
politician, or your local pastor
12. 5. Involve Your Support Group
The human beings you count on most for love, support, and
understanding are your support group
These are the people you care about the most and who care
about you.
You can also bond with people in the pursuit of a common goal
and create a support group for self-improvement.
13. You could put together your own group interested in
negotiating or draw on your regular support group, but in either
case, let them know of your new project to be the best
negotiator you can be.
You may be able to get others to join in the fun work of
becoming a world-class negotiator
Over time, as you all enjoy the fruits of your labor, they may
thank you for involving them.
14. 6. Do Some Activities!
There are games and exercises which build a skill or help
focus your attention on a particular aspect of negotiation
Doing activities is a fun, varied way to build negotiating
skills.
15. 7. Watch some movies
The King of Comedy—Knowing how to professionally
negotiate with those higher on the corporate ladder
A Few Good Men—Illustrates how to play detective and
learn all you can about the person with whom you negotiate.
Gone with the Wind—An anecdote for achieving success
despite the obstacles.
Strangers on a Train—Illustrates the consequences of not
setting limits in a negotiation and setting a point beyond
which you won’t go.
17. 8. Build your negotiating
library
To become a skilled negotiator, fill your bookshelf with the best
books published about negotiating
Books about the particular field in which you do most of your
negotiating are also very helpful.
It is often said about negotiators that the one with the most
knowledge wins
The Negotiator by Frederick Forsyth and A Maiden’s Grave, by
Jeffery Deaver
18. 9. Debrief Yourself after
Negotiations
Self-evaluation is one of the most important activities you can
perform after every negotiation — regardless of the outcome
Think of the most satisfying negotiation you ever handled. Review
each step and play it out in an imaginary parallel universe.
Think of what you may have done differently and then consider
the consequences
19. Evaluating negotiations that didn’t end well helps you discover what
went wrong
Even a winning game has room for improvement
And evaluating a winning game is much more fun.
20. Follow these four guidelines the next time you self-evaluate:
i. Be aware of harsh judgements from yourself and your critics
ii. Be aware of quick judgements.
iii. Be aware of “sugar-coating” situations
iv. Give yourself credit where credit is due
21. 10. Know More Than
Anybody Else in the
Business
No matter what your education level,
start today to become the best
What you do is important
What you do is worthwhile.
What you do helps your fellow human in some way
22. 11. Be a Mentor
Here are five potential benefits:
I. You’ll be re-energized
II. You’ll increase your own commitment to your career and business
III. You’ll expand your knowledge by teaching.
IV. You’ll boost your confidence and self-esteem
V. You’ll increase your skills