2. People are Irrational
BUT PREDICATABLE
Which is good because it means
WE CAN USE SCIENCE
To predict their behaviour, get what we want and making them feel
LIKE THEY DID TOO
3. People assume they are negotiating over a 'fixed pie'
or fix number of items and and love people who make
them aware of alternatives they hadn't considered.
We naturally focus on the 'shiny' items we consider
most important but most decide what important
emotionally rather than rationally.
Quatity
Quantity
People want the feeling of victory more than the actual
concessions. So we can give them less if we break it up
into lots of little wins.
5. Prioritising
Interests
Making a ranking of priorities enables you to
concede the things you care less about
Finding the the ultimate benefit of each
issue creates options
Options is the name of the game, the more you
have the more value you can create
6. WATNA
The lower your WATNA, the
lower your walk away price
WAP
Don't be scared to walk, if your
WAP is hit commit to it
BATNA
Work to improve your options -
make sure the other side know
you have them
7. ZOPAZOPA
The Zone of Possible Agreement is the area between each sides
WAP's where the final deal will land
Building a ZOPA helps you anticipate the negotiations,
specifically what the other side will do and tactics they'll
use
A ZOPA is crucial to gaming out negotiations - knowing how much
to initially offer, counter-offer, concede and so on...
WAP A WAP BZOPA
9. Opening
Negotiations
Opening negotiations is like playing poker - you need to be
careful what you give away
Don't rush, start slow but open in a confidently and assertively
If the other side try and push you on a particular issue slow them
down using the 'agenda trick'.
Take note of what issues they are trying to rush
into, this will show their areas of weakness
10. Bargaining
Never, never, ever give up something for free
Make your offer high enough to work down from and
make it first
Treat it like a tennis match - back and forward with small
concessions
Talk less and use silence to your advantage when
making offers
13. Weakness of the mind
Fixed pie bias
- People view
negotiations as a
fixed pie to be fought
over, rather than a
pie that can be grown
Vividness bias -
people are
attracted to shiny
things and lose
track of original
goals when shown
shiny things
Framing bias -
people work harder
to avoid loss than
to win a gain, and
are vulnerable to
irrationality over
propesctive loss
14. Weakness of the heart
Everyone has a want and a should side - plan out your
negotiation to avoid relying on your impulsive 'want'
side
Don't let your ego drag you down by overestimating value
and try set realistic targets before the bargaining phase
16. Play Video
Call us, Email us, send a
Text, Carrier Pigeon or tap
Morse Code.
However you do it, please
GET IN TOUCH
We are here to help
www.ypccd.org.au