After lengthy discussions that may have included haggling, swapping concessions, bargaining, and maybe even stonewalling, there’s no doubt that it feels good to have a done deal. However, the goal of negotiation shouldn’t be to “win.” If you look at it that way, that would imply that somebody else had to be the “loser” and […]
Read More »Ways to Make Virtual Negotiations Feel More Human
With business travel and face-to-face meetings limited as a result of the ongoing pandemic, the negotiation process has changed completely in the past year. The sales process has faced a new challenge in closing deals without human interaction. Virtual negotiations have made it more challenging to connect with customers in a way that builds trust […]
Read More »Tips for Dealing with Tough Negotiators Who Won’t Budge
As much as we want negotiations with our counterparts to be mutually beneficial, there are times when we are faced with difficult negotiators who just aren’t willing to budge on anything. Sometimes these negotiators can even be adversarial, resorting to manipulative or bullying techniques to get their way. So, what do you do if you […]
Read More »The Differences Between Negotiation, Arbitration, and Litigation
There are several ways to settle a dispute between two parties. Many contracts contain “dispute resolution” provisions regarding how a dispute should be settled. For instance, some contracts state that the parties must mediate a dispute before litigation or arbitration. Because these provisions are common in many negotiated agreements, it’s important to understand the difference […]
Read More »Reasons to Go Through Arbitration Instead of Other Methods of Dispute Resolution
The purpose of a negotiation is to bring two parties together in order to find common ground and seek solutions that are mutually beneficial. While this sounds great in theory, things don’t always go as planned. There might be times when the two parties simply cannot come to an agreement and must seek an alternative […]
Read More »How to Tie Up Loose Ends After Negotiating
The negotiation is over and you can finally breathe a sigh of relief. While you might be done with the hard part, it’s not quite time to put your feet up and relax. The truth is, there is still work to be done after a negotiation. As it turns out, negotiating is a process and […]
Read More »How to Avoid Absorbing the Other Side’s Problems
Negotiation is a vital skill for professionals in today’s business environment. If you are looking to build your skills and become a more valuable asset to your organization, you will need to learn how to succeed at the bargaining table. While preparing for your negotiation is certainly essential for success, it’s just as important to […]
Read More »Why You Need to Stick to Your Principles When Negotiating
The ability to negotiate is a skill that can help you no matter what industry you are in. Most professionals will spend some part of their career negotiating, whether it be with customers, colleagues, or employers. While it is a common business practice, many people are not experienced negotiators and might end getting pushed around […]
Read More »Starting Off your First Quarter Right by Building your Negotiation Skills
The start of a new quarter means a new chance for you to achieve your goals. If you want to perform better, hit your numbers, and reach new heights, you can leverage your chances by building your negotiation skills. There is no question that negotiation skills play a critical role in doing business. In today’s […]
Read More »Three Tips for Offering Commitment During a Negotiation
When it comes to doing business, consistency is important. Consistency is highly valued and is associated with honesty, integrity, stability, and even intelligence. Most of us will go to great lengths to consistently fulfill our commitments. Why? Because on the contrary, few people want to deal with a counterpart that has a reputation for acting […]
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