Thursday, October 18, 2012

A Value-Creation Checklist: Five Helpful Tips

A Value-Creation Checklist: Five Helpful Tips

By following these tips in your next negotiation, you?ll improve the chances of meeting everyone?s interests.

- Before you sit down at the bargaining table, imagine a wide-range of options and packages, including some that may seem far-fetched.

- When talks begin, remember that getting down to business too quickly can stand in the way of building trust.

- Emphasize to your counterpart the importance of separating ?inventing? from ?deciding,? as Fisher, Ury, and Patton suggest in Getting to Yes.

- Don?t worry about adding complexity. Bringing new issues, options, and parties to the negotiation is likely to create value.

- Avoid artificial deadlines, though it can be helpful to decide when it?s time to concentrate on the packages you?ve identified.

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Source: http://www.pon.harvard.edu/daily/negotiation-skills-daily/a-value-creation-checklist-five-helpful-tips/

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