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Lessons In Negotiating From Youngsters: Choosing The Best Strategy For Your Sales Negotiations.
Have you ever tried to negotiate with a 2 year old?
Were you surprised with their negotiation skills?
Well, my son is now almost 2 and half years old and has now learnt that he has a will - a seriously strong will at that. Typical of children his age, he is far more interested in getting what he wants than with complying with his mother or father's wishes.
It appears to me that as children we tend to be assertive rather than accommodating in our interaction with others. We are only interested in meeting our own needs and desires rather than accommodating the needs and wants of those around us.
It is only as we mature that we learn the world does not in fact revolve around us and that we have to fit into the world in a responsible and positive way. We learn that we can not only do as we wish but also have to think about the rights, feelings and desires of others.
This made me think about the 5 foundational negotiation approaches and how you can deploy them to underpin the achievement of your negotiation targets.
1.Competitive negotiation
This is a mode of negotiation that is primarily assertive and concerned only with your own needs, desires and objectives.
2.Accommodating negotiation
This is a style of negotiation that is predominantly concerned only with the needs, wants and targets of your counterparts whilst ignoring your own needs. Sales training seminars often teach this negotiation approach as the most appropriate strategy.
3.Compromising negotiation
Probably the most famous of all negotiation strategies. This is a style of negotiation where you meet your counterpart halfway. You get some of your needs, wants and targets met and you do the same for your counterpart.
4.Collaborative negotiation
This is a style of negotiation where you try to satisfy all of the needs, desires and goals of your counterparts and they do the same for you.
5.Avoiding negotiation
This is a style of interaction where you do not regard negotiation as the best way to attain your targets.
The critical factors which will determine which of the above strategies should be in your negotiations is to respond to the following three questions:
a.What is the Importance of an ongoing relationship to you?
If the relationship is important, then you will not be able to be only assertive, you will have to at least compromise with your counterpart. If you do not satisfy the requirements of your counterparts, then it is not likely that a meaningful relationship will develop.
b.How many alternatives are available to you?
If you have a host of alternatives at your disposal, you can afford to be more competitive. Conversely, if you have only one option, then you will be required to be more accommodating.
c.How much time do you have available?
If you have a lot of time available, then you can certainly be more competitive. The less time available to you, the more accommodating you will have to be.
As you can see, it is important to ask yourself these 3 questions before you start negotiating so that you can pick the strategy best suited to the situation at hand rather than just pursuing a negotiation strategy solely based on your preference.
It is also important to remember that you should be flexible in your approach. You may want to change your strategy as new information becomes available during your negotiations.
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