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THE IMPORTANCE OF BEING A GOOD NEGOTIATOR

Melany Díaz

Created on March 29, 2024

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Transcript

the importance of being a good negotiator

Díaz Melany Mgs. Yolanda Bejarano International Negotiation Strategies

A good negotiator must be:

What is it to be a negotiator?

A negotiator can be defined as those enthusiastic, persuasive, observant and social people with intentions to excel in business and be natural leaders.

They are strategists and very intelligent.

WHAT ARE NEGOTIATION SKILLS?

FOR EXAMPLE:

In the workplace, we may have to display your negotiating skills in various situations such as:

Negotiation skills are inherent qualities that help two or more parties agree to a common logical solution.

So do these skills make people a good negotiator?

YES

What is a good negotiator?

Is an individual who possesses a combination of skills, knowledge, and personal characteristics.

that allow

NEGOTIATION SKILLS = GOOD NEGOTIATOR

  • Negotiation is a coveted leadership skill which helps businesses reach their business objective.
  • For this reason, having negotiation skills makes people good negotiators. Consequently, some benefits of them are:

EXAMPLES OF

NEGOTIATION SKILLS

Communication

Listening

Planning

EMOTIONAL INTELLIGENCE

Strategising

Persuasion

Problem solving

Types Of Negotiation Strategies

Actividad 02

Negotiation with Coworkers

Integrative Negotiation

Called "interest-based bargaining" because it asserts thaFFt both parties can gain something and create value by offering trade-offs.

Your job may require working closely with different departments and without strong negotiation skills, it might be difficult for you to reach your goals.

+INFO

+INFO

Actividad 04

Actividad 03

Distributive Negotiation

Negotiation with Management

It is also sometimes called "hard bargaining" because both parties argue over a single conflict.

One of the most challenging types of negotiation is with your manager or senior management. Often, you negotiate with such senior-level people for your job duties and salary benefits.

+INFO

+INFO

WHY MANAGERS NEED

NEGOTIATION SKILLS?

Manage Interpersonal Conflicts

Maximize Value

Value creation occurs when solutions are found that benefit both parties

By finding mutually agreeable solutions and not damaging workplace relationships.

Negotiate for Your Company

Prepare for the Unexpected

Organizational change is inevitable, and negotiation skills are useful for preparing for the unexpected.

Effective communication and active listening play pivotal roles

Work with International Business Partners

Advance Your Career

With strong negotiation skills, you can build lasting relationships with clients and suppliers that lead to increased profits and revenue

Organizations operate in diverse contexts, it have strong negotiation skills in international business.

conCLUSION

In conclusion, being a good negotiator is essential for navigating the complexity of global markets and achieving agreements that drive the growth and expansion of companies in an increasingly competitive environment. Due to, the ability to understand cultural differences, adapt to diverse business contexts, and effectively resolve conflicts are key aspects for success in international negotiations. Additionally, being a good negotiator in the context of international business not only involves reaching favorable commercial agreements but also fostering collaboration and intercultural understanding to drive sustainable growth for companies in the global market.

Bibliographic

references

Harvard Law School. (2020). The Program on Negotiation. Retrived on, March 28th, 2024 from, https://www.pon.harvard.edu/tag/importance-of-negotiation/

Harvard Business School Online. (2023). Business Insights. Retrived on, March 28th, 2024 from, https://online.hbs.edu/blog/post/negotiation-skills-for-managers#:~:text=Negotiation%20skills%20are%20vital%20if,and%20create%20mutually%20beneficial%20outcomes.

ESPOL. (2023). WHAT IS THE PROFILE OF A GOOD NEGOTIATOR? Retrived on, March 29th, 2024 from, https://www.fcsh.espol.edu.ec/posgrados/content/%C2%BFcu%C3%A1l-es-el-perfil-de-un-buen-negociador.

Herrity, J. (2023). 12 Important Negotiation Skills (With Definition and Tips). Retrived on, March 27th, 2024 from, https://www.indeed.com/career-advice/career-development/negotiation-skills

Universidad EAFIT. (2024). What is it to be a negotiator?. Retrived on March 29, 2024 from, https://www.eafit.edu.co/cec/%C2%BFqu%C3%A9-es-ser-un-negociador