| 6. Don't prejudge |
| Ideally, negotiation should focus on the interests and needs of both parties. This is more likely to happen if you haven't already made up your mind about the other party. The negotiator's goal is to collaborate and co-operate, rather than to force the other party into a mould. This also means not pigeonholing the other party, whether by their gender, ethnicity, occupation or organisation. The danger here is making a broad and potentially wrong assumption about someone. |
| 7. Be flexible |
| Flexibility is important because you can never predict with 100 per cent accuracy the way negotiations will go, however much homework you may have done. If negotiations break down or become deadlocked, it's usually because one or both parties are incapable of flexibility. Being flexible means knowing when to say goodbye to your assumptions and adopt a new strategy to deal with the ongoing course of events. Sometimes this may mean having to make concessions – losing a battle in order to win the war. |
| 8. Help the other party save face |
| You may be flexible, but the other party may not be, simply because to do so might seem like backing down. And backing down means losing face. In order to help save face, don't do anything that might make them think that they are backing down. You may need to be less competitive than you might have wished. If you back them into a corner, they are likely to get more unreasonable, not less. Instead, find a way for them to be flexible without looking foolish. Agree to change some of the minor details of the offer in their favour, for example. |
| 9. Buy time |
| There will be times in any negotiation when you may need to get in touch with an adviser, your boss or your bank manager. Or you may need time to do some calculations. Whatever the problem, your hands are tied. Don't be rushed into a decision that you might regret. At the same time, don't give the impression that you are dragging your feet. Play for time by being accommodating: make it clear that, while you don't agree, you will go along with the other party for the time being, and then discuss it again later on. Use wording like "for now" and "until I have time to look into it". In other words, make it clear that you are keeping your options open. |
| 10. Play off competing parties |
| Whenever you negotiate a deal in which you have a choice of vendors, partners or other sorts of players, try to find a way to play them off against each other. This way you can find out who will give you the best deal. Get a good offer from one, go back to the other and ask them to beat the offer, go back to the first and ask them to beat the second, and so on. And let them know you are doing this. They won't be surprised. These are their competitors, after all, and you have every right to shop around. |