1. Information The life blood in negotiation The more you know about the other side, the better You not may want the other side to have certain information about you Alternatively, you may want the other side to have certain information - some correct, possibly some incorrect Sometimes you have to give information to get information Watch for unintentional cues, verbal cues, and behavioral cues - in addition to explicit information given by the other side 2. Time In a competitive negotiation, try not to reveal your real deadline to the other side Try to get clues about the deadline of the other side; they usually have one Many concessions may occur just before a deadline, so patience pays Generally speaking, you can not achieve the best outcome quickly, so using "take it or nothing" tactics, especially early, may not be effective 3. Power - You have more potential power sources than you realize - There are many sources and tactics to gain more - Sophistication and restraint in using power is important - Many things affect relative power and power balance, including: o Position and privilege o Cultural differences o Developmental ability o Relationship o Also information and time advantages
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