Monday, 18 July 2022

 NEGOTIATIONS & NEGOTIATING SKILLS:

Dear readers we have all some or the other time faced a situation where we had a need to negotiate or will have a need to negotiate whether it be a job, home, market or a deal. Negotiations are means of solution to critical situations.

 Let us try to understand what is ‘Negotiation’ and the skills related to develop negotiation. The dictionary meaning of ‘negotiation’ is “the discussion at which people try to decide or agree on a common issue”.  Generally, to avoid ‘negotiations getting converted in hot arguments or unnecessary debates a line of control is required to needs to exist. It is expected that all negotiations should end with a “ Win-Win” situation.

We have different windows where a situation for ‘negotiation’ may arise, for example there could be a ‘Business negotiation, Crisis negotiation, Deal making negotiation, leadership negotiation, Job position negotiation, or Salary negotiation’. Professional Negotiations do not just take place easily, in fact several rounds of discussions may be required to lead to a ‘Win-Win’ situation. Specific forms of negotiation are used in many situations. Internal affairs, the legal system, government, industrial disputes or domestic relationships as examples. However, general negotiation skills can be learned and applied in the wide range of activities. Negotiations can help a lot to handle and manage critical or drastic situations.

Let us see as to what are the important aspects that are needed for ‘negotiations’:

1)    PREPARATION:

 It is essentially important to decide the place, time and people before the discussions for the meeting. This stage involves all the existing facts of the situation are known in order to clarify your own position. This may also include to understand the rules and policies of your organization whereby you can refer in preparation for the negotiation.

2)    DISCUSSION:

Here, every individual from either side will be participating in the discussion and will put forward their case according to their understanding and perspectives, and will try to understand the situation. The important points during the discussions to be kept in mind are “ Questioning, Listening, and Clarifying”. It is extremely important to listen as when disagreement takes place. It’s easy to make mistake on saying too much and listen too little.

3)    UNDERSTANDING AND CLARIFYING GOALS:

From discussions the objectives, interests and views of both side’s disagreement need to be understood and clarified. Clarification is an essential part of the negotiation process without misunderstanding so as to produce a fruitful outcome.

4)    NEGOTIATE FOR EQUAL WIN STATE: (WIN-WIN SITUATION)
This is a situation where both the parties feel that they haven’t lost anything or rather gained something. It means both parties feel that their views have been considered. Although this situation is not very often, but has substantial consideration.

5)    AGREEMENT:

At this point of time both the parties have agreed on a situation and totally satisfied, then this has to be recorded as in terms of minutes of the meeting and has to mutually exchange their copies of agreements duly signed.

6)    IMPLEMENTATION:

Implementation follows after agreement so as to implement the decision into action with prior permission of the concerned authorities.

FAILURE TO NEGOTIATION:

Now, in case the negotiations fail after disagreement then the discussion process becomes stagnant and will obviously have no results. In such a case a ‘re-scheduling’ of the meeting should be confirmed. This will avoid hot discussions and endless unproductive arguments. Rescheduling of meeting will also save time and will have fresh mind to take the negotiation ahead and to look ahead for alternative solutions

In every negotiation three elements are important, viz, ‘Attitude, Knowledge and Interpersonal Skills’.

Many a times when ‘Formal Negotiations’ do not work ‘Informal Negotiations’ can be tried.

Regards,

Girish. Kulkarni

CEO-REAL MINDS.COM

Virtual office: realminds@hotmail.com.

Cell: 8530700471.

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