Reflection Paper On Negotiation

730 Words2 Pages

During this class I have learned a great deal about sharpening my negotiation skills and I think that this is an essential skill to have when working for any company or even if you are an entrepreneur. Knowing how to negotiate a favorable agreement or deal for your company can often be the difference between success and failure. People negotiate more than they really are aware of in their everyday life both in work and in home life. Many managers negotiate between their employees, vendors, customers, and even investors. It is a very industrious skill to have that can help you build your life and business in constructive ways. A key fundamental of successful negotiation is to be confident in what it is you desire to attain and also what you are prepared to settle for. Another key fundamental is to know what the other persons needs and objectives are in other words know what their strengths and
Make a strategy and in what order you will propose your suggested deal and be equipped to counter offer.
4. When opening request for the greatest sensible offer so there is still room for negotiating.
5. Make sure you distinguish the particulars
6. Should your opponent make the first proposition, this can occasionally work to your benefit if their proposal is better than what you projected.
7. Try to start with topics that you might settle upon
8. Recognize when to offer a compromise, in other words give this for that.
9. Make sure that you step down or up incrementally to circumvent your lowermost bottom of acceptance
10. Identify what that point is when it is time to close the deal

Keep in mind that negotiations are not really about who wins but more of producing an outcome that both parties have a satisfied outcome. Another point to keep in mind is do you see yourself with having to negotiating in the future with the other party, if so then this is even more of a reason to try and work out a win-win situation instead of trying to get the bigger piece of the

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