2 Critical Factors Of A Successful In-House Negotiation Training System
Think about negotiation as an organisational capability. A familiar oversight made by companies is to only consider the enhancement of the negotiation skills of individuals. If your business relies solely on the negotiation skills of individuals it directly signifies that you will always be subject to the risks associated when people move. What happens when your best negotiator is promoted or decides to sign up with your rival or supplier?
Your business' ability to negotiate effectively is dependent on 4 factors:
* The negotiation strategy (or absence thereof)
* The negotiation process
* The negotiation skills of individuals
* The negotiation supporting environment
Developing an individual's negotiation skills is obviously a critical element in developing the negotiation capability, but an error is easily made by investing in negotiation skills training without having considered the 2 steps that should precede negotiation skills development; an organisational negotiation strategy definition and business negotiation process design or redesign.
Focusing on a negotiation skills development program without having considered the negotiation strategy & supporting process can be associated to investing in the training of troops for war independent of the overall strategy for the war.
The second big mistake is that businesses will focus on the development of the negotiation skills of individuals but fail create a supporting environment for enhancement of these skills. Using the war analogy, this would be like training soldiers in the use of their weapons and then not supplying them with the ammunition and resources needed to keep the weapons functional in action.
If you are contemplating investing in a negotiation skills development initiative and you are not prepared to:
* outline or refine a negotiation strategy,
* design or redesign the negotiation process, and
* create a best practice negotiation supporting network
I would like to suggest that you invest your money elsewhere as you are likely to get a better return on your investment!
Another tips is to make sure that your negotiation training program includes individual negotiation preference profiling.
An individual's negotiation capability is made up of three things:
* Their competence (that which they are able to do)
* Their preferences (that which they prefer to do)
* Their behaviour (that which they actually do)
Contrary to popular belief, the biggest influencing element on your negotiation activities is not your competence but your preferences. Think about it, if your capability to do something was dependent on your competence to do it, then not one person would smoke, we would all eat 5 fruits and vegetables daily and we would all exercise on a regular basis.
The simple truth is that you tend to behave in negotiation (as in life generally) according to your preferences. You could therefore persuasively argue that your preferences in life have a much bigger impact on your behaviour than your competencies. It follows that one of the biggest mistakes made by companies in recruitment and negotiation assessments, is to check the competence of individuals without gaining an understanding of their preferences.
Therefore, the fact that you are able to do anything doesn't necessarily mean that are actually going to do it. In the context of negotiation skills development, this suggest that it is essential that each individual understands their own preferences with regards their approach to negotiations in addition to their competencies and equally, that they are made conscious of the fact that different people and different cultures will have varying preferences when it comes to negotiations.
Market Breakdown: Using Your Negotiation Skills To Negotiate For Security
In times of market instability, it is advisable to move away from price as the key negotiation factor and concentrate on 'loss framing', creating more alternatives, reciprocation and value in order to reach agreement and realise your objectives in negotiations.
Ensure To Examine These Two Factors When Seeking A Business Negotiation Program, It Will Cost You Otherwise
Developing a strong negotiation capability is contingent on critical factors: The negotiation strategy, process, the individual's skills and the supporting network. Relying on the negotiation abilities of people is a familiar oversight businesses make.
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