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.
Alternatives and BATNA.
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.