What are the key elements of negotiation?
Seven Elements of NegotiationsInterests.
Interests are “the fundamental drivers of negotiation,” according to Patton—our basic needs, wants, and motivations.
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Legitimacy.
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Relationships.
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Alternatives and BATNA.
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Options.
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Commitments.
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Communication..
What are the 4 most important elements of negotiation?
Another view of negotiation comprises 4 elements:Strategy,Process,Tools, and.Tactics.
What are the 7 basic rules of negotiating?
The 7 Rules of Power NegotiationWhere do people learn to negotiate successfully? … Rule No 1 – Everything is negotiable. … Rule No 2 – Know what you want before negotiating. … Rule No 3 – Aim for a Win/Win negotiation. … Rule No. … Rule No 5 – Never believe anyone else is entirely on your side. … Rule No 6 – Strive to be innocent. … Rule 7.More items…•
What are the six stages of negotiation?
The Six Stage Negotiation ProcessStage 1 – Statement of Intent. … Stage 2 – Preparation for Negotiations. … Stage 3 – Negotiation of a Framework Agreement. … Stage 4 – Negotiation of an Agreement in Principle (AIP) … Stage 5 – Negotiation to Finalize a Treaty. … Stage 6 – Implementation of a Treaty.
What is the first rule of negotiation?
The best negotiators are known for their ability to read an opponent and at all times be a step ahead. To do just that, theories have been developed on how to prepare, strategize and practice.
What is the golden rule when negotiating offers?
These golden rules: Never Sell; Build Trust; Come from a Position of Strength; and Know When to Walk Away should allow you as a seller to avoid negotiating as much as possible and win.