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Effective Business Negotiation Skills

  • A negotiation is an interactive communication process skill where happens in exchanging things or deals between two party.

    The ability to perform negotiation is one of the most valuable soft skills you can bring to any job.

    If you are applying for any position that related to Sales Marketing, negotiation skills was one of the soft skills that your employer would like to see in you.

    Negotiation Skills & Process

    Recently we have read the news on the partnership deals between Microsoft and Yahoo in search engine world.

    It was believe that negotiation was carry out before the deal, and it the ends the deal was form with a win-win situation.

    So negotiation process is about both party reaching a good deal and involve compromise in the end of the day.

    Sometimes negotiation may fails as people fail to negotiate due to imbalance deal in the give and take.

    If both party was good in playing the negotiation game, the deal will be strike in month or sometimes year.

    Bad Negotiation Skills

    “Either you take it or you leave it!”

    “This deal in non-negotiable”

    What happens if these word strikes out during the negotiation process?

    Remember that good negotiation skills isn’t about winning and it isn’t about someone else losing.

    It is the soft skills to create the balance of interest between two party in the end of the deal.

    Good Negotiation Skills

    Negotiate is unavoidable when you steps into business world that fueled with deals.

    What is the fundamental elements in negotiation process?

    Negotiation can be consist of four steps or path: -

    • Preparation
    • Information exchange
    • Explicit bargaining
    • Commitment

    Soft Skills will explain in details on the negotiation process in upcoming topic.