Overview

Welcome to the blog of Frankie P. Recording Studios! Home of music educator, bassist, and sound engineer, Frank Prendergast.

Sunday, December 21, 2014

Successful Negotiation Techniques


The three videos that are listed above give great insight to what constitutes a good negotiation. The first video is a Lynda.com course I watched by Lisa Gates called, The Six Steps In Preparing For A Successful Negotiation. Lisa talks about the importance of BATNA, or The Best Alternative To a Negotiated Agreement. In her vide, she calls this one’s resentment insurance number. In order for a successful negotiation, you must prepare and research your counterpart. Gates describes this as the most important step because she explains to not rely on your whit or creativeness to “get by” in a negotiation.
This will segue into the next video by Margaret Neale in her video, Negotiation: Getting What You Want. She as well, talks about how research is extremely important. She gives an example about when she was asked to teach six classes at her university rather than five. The reason was to create more contact hours as much as credit hours. She did research and realized that the majority of specialty classes that she taught, are classes that not many professors teach. She used this to her advantage and instead got her specialty classes lengthened to match contact hours.  I felt that she use positional bargaining because she was negotiating her job and realized how valuable she was in the majority of the courses she taught. Although her other classes were MBA business classes, many professors teach those types of classes. She used leverage in her position as a special educator.
The final video I watched was an online negotiation class conducted by William McCormick, about what the best negotiators do. He talks about how all people negotiate, but not all people negotiate well. His four points that negotiators do wrong are people concede too much, too fast, they don’t plan effectively, they respond poorly to adversarial tactics, and they don’t understand what win-win really means. This was an interesting session because McCormick explained negotiation somewhat differently than the two videos I previously explained. McCormick talks about being tactful and asking all the right questions.

These were fantastic videos and I was pleased that the three were different I their own way. Combining all of these videos for me could result in myself being a skilled negotiator. I must first and most importantly, prepare well. Then I must be able to prepare myself for my opponent’s tactics in the negotiation process. One of the best quote from all three came from Margaret Neale, who stated, “the goal of a negotiation is not to get a deal, it’s about getting a good deal.”