Below Is The List Of The Course Content Of Our Negotiation Skills Training Course
Negotiation Course in Hong Kong – Part 1: Understanding Negotiation
- Different Types of Negotiations
- The two primary types of negotiations require different approaches.
- The Three Phases
- The three phases of a negotiation
- Skills for Successful Negotiating
- Without certain factors, negotiations will be difficult but not impossible. The need for negotiation arises because neither party will be able to get what they want.
Negotiation Course in Hong Kong – Part 2: Preparing Yourself For The Negotiation
Like any other challenging task, negotiation needs preparation. Before you start negotiating, you need to establish what you hope to get out of it, what you would settle for, and what you consider unacceptable. You would also need to prepare yourself personally.
- Establishing Your WATNA and BATNA
- In some negotiations, the parties are guided by their opinions about what they think are the options for a successfully negotiated agreement.
Often, people have an unreliable idea of what these alternatives are, as they are unwilling to make decisions because they believe that they can do it just as well without having to negotiate.
- If you don’t have a definite sense of your WATNA – Worst Alternative to a Negotiated Agreement, and BATNA – Best Alternative to a Negotiated Agreement, you will negotiate poorly based on incorrect ideas about what you should expect without an agreement.
- Identifying Your WAP
- In any negotiation, you must keep your WAP (Walk Away Price) to yourself, especially if it is significantly less than your original offer.
- Identifying Your ZOPA
- In the negotiation for the used car, everyone should feel good about the results.
- Even though the parties were hoping for a better outcome, both got a better price than their WAP. The ZOPA – Zone Of Possible Agreement, is the field in which the final price will sit, and within that ZOPA, you will end up with a price closer to their WAP than yours.
- Personal Preparation
- One of the ways to relieve some of the tension you may be feeling before a discussion is to note to yourself that there is nothing to be afraid of.
Negotiation Course kin Hong Kong – Part 3: Laying The Groundwork For Negotiation
We study other aspects of preparation: setting the time and place, establishing a common ground, and creating a negotiating framework. At a stage this early, it is crucial to have certain principles in place. By allowing them to be compromised, then you have put yourself in a spot where you are considered prey for hostile negotiators. Getting the foundation set in place seems like a rule, but it is the initial stage of negotiations, hence, as much a part of the arrangements as any others.
- Setting the Time and Place
- Setting the time and place will give you an edge in a negotiation.
- Establishing Common Ground
- Sometimes, the people involved in a negotiation begin by addressing the issue on which they are farthest apart.
- Creating a Negotiation Framework
- Both sides in a negotiation bring their frame of reference based on their experience, values, and goals.
- The Negotiation Process
- Preparation- Opening Position Bargaining-Movement-Closing
Negotiation Course in Hong Kong – Part 4: Exchanging Information
The first stage in a negotiation involves an exchange of knowledge and information. Both parties would state their positions on the issues being addressed in a non-confrontational manner. The tricky part of this stage is deciding what to disclose and what to keep. The “poker” metaphor for negotiating is a great one as it describes the way that everyone will want to “allow” everyone to think accurately. The knowledge and information you share with your negotiating counterpart will enable them to read a certain measure about your position. You cannot negotiate aimlessly, after all. However, too much information given away can come back and attack you.
- Getting Off on the Right Foot
- Before you get to work, it is a great idea to participate in a little small talk with the others involved in the negotiation.
- What to Share
- When you start negotiating, you don’t want to give a detailed statement about your position on specific issues.
- What to Keep to Yourself
- Holding back information can be a complicated business.
Negotiation Course in Hong Kong – Part 5: Bargaining
This section of the negotiation course explains what to expect when you begin to negotiate and what to do if you happy to reach an obstacle. It also explains some simple bargaining methods used by trained negotiators.
- What to Expect
- In addition to understanding the demands, targets, and requirements that might impact the other party, you might want to attempt to get an idea of their usual negotiating approach.
- Techniques to Try
- Some of these methods are what you can expect to face when bargaining with a vendor, but that will not hold sophisticated business people from using them. The crucial thing is to understand them and be prepared to answer to them if they are used against you in a negotiation. When you recognize the method when it is used, you can turn them to your advantage in a pressurized negotiation environment.
- How to Break an Impasse
- The dictionary says an impasse (a noun) that describes: “a situation in which no improvement is possible, especially because of conflict; a deadlock.”
Negotiation Course in Hong Kong – Part 6: Mutual Gain
In the classic book Getting to Yes, Roger Fisher and William Ury explain that most negotiations are not as effective or as successful as they might be as people usually tend to argue about their positions and not their interests. When the parties in the negotiation commit themselves to a position, they feel that shifting their position signifies failure. What are we able to get out of the negotiation that will promote our curiosities? That is the question that should lead a negotiation toward achieving mutual gain.
- About Mutual Gain
- A powerful tool to making the common gain approach work is to concentrate everyone’s focus on their interests, not positions. Everyone wants to create an environment of respect and order in the schools.
- Creating a Mutual Gain Solution
- Forming a common gain result requires some activities that are usually not associated with negotiations
- What Do I Want?
- Start of with dentifying what you personally want out of the negotiation.
- What Do They Want?
- Next, identify the person that you are conflicting with wants.
- What Do We Want?
- When you have distinguished the wants and needs of both sides, look for areas of overlap.
Negotiation Course in Hong Kong – Part 7: Closing
The last phase of a negotiation is a time for reaching mutual consent and forming agreement. Hard work in this phase will ensure that the negotiation achieves its wanted results. Closing a negotiation can mean 2 different things: 1, it may be a question as to how we can bring different ideas to a commonly agreed outcome. The second possibility view of ‘closing’ is what means negotiating parties can use to recognize or formalize the idea that agreement has been relinquished. Recognizing that parties have reached an agreement will be easy. One can ask the other, “Have we reached an agreement, then?” The parties can shake hands, make an announcement, or better, sign a document. The issue is that each has to make it apparent to the other negotiators that a commonly agreed conclusion has been achieved.
- Reaching Consensus
- People have various ideas about what consensus is. When used in negotiations, consensus usually involves substantive understanding on essential issues.
- Building an Agreement
- Building an agreement takes a particular skill — the capacity to translate generalities into specifics.
- Setting the Terms of the Agreement
- We are familiar with what can possibly happen when the terms of an agreement are not spelled out.
Negotiation Course in Hong Kong – Part 8: Dealing With Difficult Issues in Negotiation
Usually, most people are willing to negotiate in good faith. They don’t resort to tricks or intimidation. Take note, every once in a while, you will meet people who are the kind that takes a less principled approach. You will need to prep yourself to deal with people who do not want to play fair. It is not absurd to prep yourself for the likelihood that other people will try to break and bend the rules, especially when these rules are unwritten. It is simply good to be realistic. Some people are selfish, however, if you know how to manage them, it is not the end of the world.
- Being Prepared for Environmental Tactics
- Using environmental techniques to gain an advantage in a negotiation doesn’t happen that often, but negotiators need to be prepared for it.
- Dealing with Personal Attacks
- Negotiation will be more productive if you focus on problems and not personalities.
- Controlling Your Emotions
- Identifying and controlling emotions is a powerful tool of “emotional intelligence.”
- Deciding When It’s Time to Walk Away
- It would be amazing if the environment of every negotiation was warm and friendly, but is it usually not how things work in the real world.
Negotiation Course in Hong Kong – Part 9: Negotiating Outside the Boardroom
Negotiating is not something that takes place in the office with powerful forces at the table. People have free and easy -informal negotiations everyday — with their colleagues, friends and even family members.
- Adapting the Process for Smaller Negotiations
- Some of the fundamentals of negotiation can be valuable in everyday situations.
- Negotiating via Telephone
- The phone can be a useful tool for negotiations, especially when the two parties find it hard to meet in person.
- Negotiating via Email
- Emails are also an effective method of communication, but it has some inherent limitations.
Negotiation Course in Hong Kong – Part 9: Negotiating on Behalf of Someone Else
When you begin a negotiation on behalf of someone else, you are required to have a clear idea of your Walk Away Price – WAP, and the bargains you have the permit to make. You are required to be sure you understand the issues well enough to respond to hard questions that will come up in the negotiation.
- Choosing the Negotiating Team
- An important part of leading a team of any kind is giving information. Teams require information to thrive.
- Covering All the Bases
- Some negotiations can be complicated that it is difficult for one person to learn all the issues.
- Dealing with Tough Questions
- What are the possible ways you can respond to questions that you refuse to answer.