In Managing his resources effectively, he has to negotiate with various stakeholders day in and
Day out.
What is Negotiation?
Negotiation describes the process of discussion
between two or more parties aimed at reaching a mutually acceptable agreement It is all about taking a position
Relationship building
Persuasion
Exchanging information
Preparation
Have a role play before negotiation
Relationship building
Trust building
Exchanging information
Understand the position of other party
Persuasion
Use verbal negotiation tactics e.g
Integrative Negotiation
Problem solving Negotiation
Competitive Negotiation
Competitive Negotiation prevails when parties
have unequal bargaining powers e.g
Integrative Negotiation
Integrative Negotiation is a collaborative
negotiation rather than competitive negotiation
Goal Attitudes Personal style Communication Time sensitivity Emotionalism Agreement building Team organization Risk taking
Contract Win/Lose Informal Direct High High Bottom up One leader High
Or
Relationship Win/Win Formal Indirect Low Low Top Down Consensus Low
Exercises self-control
Seeks solutions that will be win-win situation Respects the other party Neither uses violence nor insults Is ready to change his or her mind and differ with himself or herself Understand the cultural differences, act accordingly