Another important point is that decisions should not be imposed on others. It`s a negotiation. Both parties will be much more committed to a decision if they feel that they have contributed to it and that their ideas and proposals have been taken into consideration. Former Harvard Law School professor Roger Fisher and academic, anthropologist and negotiator William Ury developed this approach in their 1981 book „Getting to Yes.“ They identified five stages of the negotiations in principle and argued that the negotiations would be fruitful if they promoted cooperation towards a common goal. Today`s negotiations are no longer limited to reaching an agreement. Instead, it`s about getting something bigger: a positive result for both parties. As a fundamental element in society, and in particular in the economy, the art of negotiation requires a unique know-how, because comprehensive preparation, strategy and discernment ensure a successful outcome. Understanding goals, promoting the „win-win“ value and navigating against prejudice are part of this nuanced interaction. Whether you`re negotiating a new salary, entering into a corporate contract or navigating team dynamics, negotiations are key to achieving your goals and building relationships. Its integral role in the economy is why negotiation has been considered one of the best skills in the workplace.1 As organizations and sectors become more complex, it will be crucial for the future.
What is your favorite win-win trading story? Share it with us in the comments. Don`t anchor yourself on the first offer: don`t let the first number in the negotiation be invented. A win-win negotiation is a careful investigation of both your own position and that of your opponent, in order to find an acceptable result for both parties that will offer you as much of what you want as of your opponent. If you`re both happy to leave with what you`ve earned from the deal, then this is a win-win situation! Examine and recognize your emotions and ask yourself why you feel the way you do. For example, could poor past experience in a trial affect your behaviour in this case? Powerful negotiators have mastered written, verbal and non-verbal communication.