SPMA 4P96 Mid Term
Week 1
Negotiation
Process by which two or more parties who perceive a difference in interests or perspective attempt to reach agreement.
A basic means of getting what you want from others.
A back-and-forth communication designed to reach an agreement when you and the other side have some interests that are shared and others that are opposed.
Conflict
Situation in which people have competing interests or divergent perspectives.
Ugly Conflicts
Formidable obstacles, including mistrust, animosity, complexity,or a history of hostility.
Soft Negotiations
Seeks to avoid personal conflict.
Makes concessions readily in order to reach agreement. Problem is the potential to be exploited is high with this strategy/demeanor
Hard Negotiations
Every situation is a contest with winners and losers.
Belief that the more extreme position and willingness to “hold out” will ultimately succeed.
Problem is this technique may produce equally hard responses from negotiation partners leading to deadlocks
Principled Negotiations
Every negotiation is different but the basic elements do not change.
To negotiate on the merits, consider these four points:
1. People: separate people from the problem
2.Interests:focus on interests, not positions
3. Options: generate a variety of possibilities
4. Criteria: insist that the result be based on objective standards
View participants as co-problem-solvers rather than adversaries
Be soft on the people and hard on the problem.
Explore interests (rather than positions) by asking WHY questions
Invent options for mutual gain (as many as you can)
Use objective criteria (e.g., industry standards,etc.)
Positional Bargaining
Each side takes a position, argues for it, and makes concessions.
Maybe you reach agreement and maybe not (e.g., buying tickets outside an arena).
Successful Negotiations
It should produce a wise agreement if agreement is possible.
It should be efficient.
It should improve or at least not damage the relationship between the parties.
Positional Bargaining benefits
Tell the other side what you want.
Provides an anchor in an uncertain and pressured situation.
Can eventually produce the terms of an acceptable agreement
Positional Bargaining drawbacks
The more time that is paid to positions…
The less attention is devoted to meeting the underlying concerns of the parties.
Agreements may simply ‘split the difference’ rather than meet the legitimate interests of the parties.
Problems with positional bargaining
Arguing over positions is inefficient.
Arguing over positions endangers the relationship.
Multiple parties can make positional bargaining even worse.
Soft negotiators are especially vulnerable in positional bargaining.
Stages of negotiation
Analysis
Diagnose the situation
Gather information and think about it
Identify your interests and the interests of others
Planning
Re-consider
1.People,2.Interests,3.Options, and 4.Criteria.
Anticipate questions you expect from your negotiating partner. How will you respond?
Separate the people for the problem
A working relationship where trust, understanding, respect, and friendship are built up over time can make each new negotiation smoother and more efficient.
From preparation to discussion to follow-up – are you paying enough attention to the people involved?
Substantive interests and relationship interests.
Base the relationship on accurate perceptions, clear communication, appropriate emotions, and purposive outlook.
Deal with people's problems directly; don’t try to solve them with substantive concessions.
Be prepared to educate and listen to your negotiating partner
Put yourself in their shoes.
The ability to see the situation as the other side sees it is one of the most important skills a negotiator can possess.
Keeping in mind that understanding a point of view is not the same as agreeing with it.
Don’t deduce their intentions from your fears.
Don’t blame them for your problem.
Discuss each other’s perceptions.
Look for opportunities to act differently from their perceptions.
Give them a stake in the outcome by making sure they participate in the process.
Regarding saving face – make your proposals consistent with their values.
Emotional Regulation
Recognize and understand your emotions (e.g., nervousness, anger, fear,etc.).
Make emotions explicit and acknowledge them as legitimate.
Allow the other side to let off steam.
Don’t react to emotional outbursts.
Communication
Make sure you are talking to your negotiating partner.
Make sure your negotiating partner hears you (and that you hear them).
Make sure you understand and that you are understood.
Seek to build a working relationship that lasts.
What kind of people are effective negotiators
Personal Background Characteristics
Can invoke stereotypes in negotiating partners…
For example: partners feel worse when [negotiating] against older or more attractive people (Elfenbein et al., 2018)
Abilities
Cognitive intelligence (IQ)
Emotional intelligence (EQ)
Creativity & Cultural Intelligence
Each tends to improve win-win outcomes (see:Fulmer & Barry,2004; Imai & Gelfand,2010;Kurtzberg,1998)
PersonalityTraits
Most studies have found no effects of these traits on negotiation effectiveness.
However – extraversion and agreeableness can be liabilities in strictly competitive situations.
Expectations & Beliefs
The single best predictor of negotiation performance is positive expectations.
22 Negotiation tips
1. Have a strategy meeting
2. Don’t reward people for coming up with the right strategy
3.Assess what happens if there’s “no deal”
4. Negotiate process before substance
5. Normalize the process
6.Think about all the questions you need to ask the other side
7.Ask the right questions
8. Prepare in advance for the toughest questions they may ask you
9. It has been said that whoever makes the first offer loses – should you make the first offer?
10. Never let your offer speak for itself. Always tell the story that goes with it.
11. Label your concessions
12.Avoid mindless haggling
13. Make multiple offers simultaneously
14. Initial reactions matter
15. Understand and respect their constraints
16.What looks like irrationality is usually ignorance or interests you don’t understand
17.Write their victory speech for them
18. Ignore ultimatums
19. Only make ultimatums if…
20.Don’t let negotiations end with“no”
21. Follow phone calls and meetings with an email
22.Always tell the truth
Get in the right state of mind
The heart of emotional intelligence is self-awareness…
The capacity to sense the first stirrings of anger or anxiety/nervousness
Wheeler (2015) interviewed seasoned negotiators…
They were concerned re: the unpredictability of the process
They were worried about the other persons intentions (re: win-win vs. hard negotiations)
They were concerned about their own performance (self-doubt)
Week 2
Interests define the problem
The basic problem in a negotiation lies not in conflicting positions, but in the conflict between each side’s needs, desires, concerns, and fears.
Interests motivate people.
Your position is something you have decided upon.
Your interests are what caused you to decide that way
Identifying interests
Communication
Ask “Why not?”
Identify the basic decision that your negotiating partner sees you asking for
What interests of theirs stand in the way?
If you’re trying to change their minds, the starting point is to figure out where their minds are now…and then analyze the consequences.
The most powerful interests
Security
Economic well-being
A sense of belonging
Recognition
Control over one’s life
Sharing interests
Put the problem before your answer.
If you want them to listen and understand your reasoning, give your interests and reasoning first and your proposals later.
Look forward not back
`You will satisfy your interests better if you talk about where you would like to go rather than about where you have come from…
Be concrete but flexible
Invent options for mutual gain
Premature judgment
Searching for a single answer
The assumption of the fixed pie
Thinking “solving their problem is their problem”
Before Brainstorming process
1. Define your purpose
2. Choose the participants
3. Change the environment
4. Design an informal atmosphere
5. Choose a facilitator
During brainstorming
1. Seat participants side by side
2. Clarify the ground rules
3. Brainstorm
4. Record the ideas in full view
After brainstorming
Define your purpose
Choose the participants
Change the environment
Design an informal atmosphere
Choose a facilitator
Circle chart
Make their decision easy
Write a “yesable proposition”
A proposal in which the other side may respond “yes” and that would be sufficient, realistic, and operational.
Insist on using objective criteria
Using Precedents
You will almost always face the harsh reality of interests that conflict.
An agreement consistent with precedent is less vulnerable to attack.
E.g., a lease that contains standard terms
E.g., a sales contract the conforms to industry standards
Fair standards
Market value
Precedent
Scientific judgement
Professional standards
Efficiency
Costs
What a court would decide
Moral standards
Equal treatment
Tradition
Reciprocity
Three points too remember
Frame issues as a joint search for objective criteria
Reason and be open to reason (re: objective standards, precedents, market value, etc.)
Never yield to pressure, only to principal.
Week 3
Negotiating against power
No method can guarantee success if all the leverage lies on the other side
Develop your Best Alternative To a Negotiated Agreement (BATNA)
The most any method can do is to meet two objectives:
1. Protect you against making an agreement you should reject
2. Help you make the most of the assets you have…so that any agreement you reach will satisfy your interests as well as is possible
Protect yourself
Establishing in advance the worst acceptable outcome
Buyers: the highest price you’re willing to pay
Sellers: the lowest amount you’re willing to accept
However, there are costs associated with adopting a bottom-line strategy:
A bottom line can inhibit imagination
A bottom line is by its nature rigid…maybe too rigid
A bottom line is likely to be set too high
Best alternative to a negotiated agreement (BATNA)
In most circumstances, however, the greater danger is that you are too committed to reaching agreement.
Not having developed any alternative to a negotiated solution, you are unduly pessimistic about what would happen in negotiations broke off.
Know your BATNA
Formulate a “Trip Wire”
A far from perfect agreement (better than BATNA)
If you find yourself negotiating in this space…consider taking a break.
Sources of power
Coercive Power – confrontational and has significant negative connotations. Involves threatening or punishment in order to achieve results. Connection
Power – when people use their relationships with important people to influence others.
Reward Power – the ability to provide things in exchange for desired behaviours.
Legitimate Power - authority ascribed to a social position within a group. It can be delegated by an organization or through election, royalty, birthright etc.
Referent Power – popularity or charisma is most often used to describe referent power. The person who is liked and respected can wield a great deal of influence over others.
Informational Power – people who have knowledge and data that other need have informational power.
Expert Power – individuals with the most knowledge or ability in a task become the influential member of the group.
Power is not a one-way street. Power is almost always distributed or decentralized, even if it does not look that way on the surface.
Power
Often people think it has to do with resources…
In fact, the relative negotiating power of two parties depends on how attractive to each the option of not reaching agreement is – that’s power.
Developing your BATNA
Generating BATNAs requires three distinct operations:
1. Inventing a list of actions you might take if no agreement is reached
2. Improving some of the more promising ideas and converting them into practical alternatives
3. Selecting, tentatively, the one alternative that seems best
Take criticism and advise
A lot of time in negotiations is spent criticizing Rather than resisting the other side’s criticism, invite it
Or, consider asking for advice. Ask them what they would do if they were in your position.
In positional bargaining
If you fall into positional bargaining…
Perhaps a third party can help solve your situation.
Tricky bargaining
Tactics and tricks people can use to try to take advantage of you:
E.g., Lies and psychological abuse
E.g., Pressure tactics
They may be illegal, unethical, or simply unpleasant, and people generally respond in one of two ways:
1. They put up with it
2. They respond in kind
Negotiate the rules of the game
When the other side is using dirty tricks
Recognize the tactic
Raise the issue explicitly
Question the tactics legitimacy
Negotiate over it
Common tricks
Tricky tactics can be divided into three categories:
1. Deliberate deception
Phony facts
Making a knowingly false statement
Ambiguous Authority
After you’ve been pressed as hard as they can and you have worked out what you believe to be a firm agreement, they announce that they must take it to someone else for approval
2. Psychological warfare
Stressful Situations
E.g., meeting location…should you meet at their place or yours?
Personal Attacks
Verbal/nonverbal communication to make you uncomfortable
3. Positional pressure tactics
Good guy bad guy routine
Threats
Threats are pressure…and instead of making a decision easier for the other side, it often makes it more difficult
Pressure tactics
Extreme Demands •
Undermines their credibility, and such an opening may also kill the deal; if they offer you too little, you may think they are not worth bothering with.
Lock-In Tactics…e.g., one country says it won’t withdraw troops
A Calculated Delay…e.g., postpone until a favorable date
Positional pressure tactic
Refusal to Negotiate
E.g., I’ll see you in court
Recognize the tactic as a possible negotiating ploy: an attempt to use their entry into negotiation as a bargaining chip to obtain some concession on substance later on…
Week 4
Interpersonal issue
Once negotiations begin, you will find yourself dealing with constantly shifting dynamics and frequent surprises as you engage with at least one other party across the table.
Therefore, understanding:
How to build trust
How to use proven persuasion methods
How to deal with power differences can help
Building rapport
Build Rapport Slowly
Try to fit in (at least) a minute or two of friendly conversation
In Western cultures, small talk can foster a relaxed atmosphere and promote collaboration
Cultivate healthy skepticism
Even when you feel you can trust a new negotiating partner…you are wise to maintain some degree of skepticism about his/her motives and claims
In half of the pairs, one negotiator was encouraged to feel distrustful before negotiating In the other half, one negotiator was encouraged to feel trusting
Those who had been encouraged to be distrustful were: • More likely to test their assumptions about their counterpart than were those who were feeling more trusting • As a result, distrustful negotiators gained a more accurate understanding of their counterpart’s interests • Created more value in the negotiation than the trusting pairs Take home message – test the other party’s claims and promises…even in trusting relationships
Protect yourself
Research your negotiating partner
Reach out to people in your network Consider providing references of your own (make it a two-way-street) Build/negotiate safeguards into the contracts themselves:
E.g., insurances, warranties, and guarantees for services, etc.
Three persuasion strategies
1. Frame losses and gains to your advantage
People are motivated to avoid losses (loss aversion)
Consider highlighting the losses the other side may suffer...
Rather than listing all the benefits the other side may gain
People are motivated to avoid losses (loss aversion)…and people tend to prefer gaining money in multiple installments but losing money in one lump sum
E.g., people are happier if they find $10 on back-to-back days than if they find $20 only once
Conversely, people are unhappier when they lose money on multiple occasions rather than all at once
2. Give a token gift to activate the norm of reciprocity (NOR)
The NOR compels people to reciprocate generous behaviours Consider making concessions that are easy for you to give What are some examples of token concessions?
Negotiation time and place; consider buying coffees; etc.
3. Capitalize on Social Proofs
We look to others (precedents) for guidance re: how to behave Robert Cialdini – Persuasion
In Negotiations, consider highlighting the popularity of a given option
E.g., share a list of satisfied clients; consider enlisting the partners peers for support, etc.
E.g., in sales “operators are standing by” versus “if operators are busy, please call back”
Social Proofs are particularly effective when:
1. People are in an unfamiliar situation
2. People see many others behaving in a similar fashion
3. And those people are very much like them…
Psychological traps
Anchoring trap
The mind gives disproportionate weight to the first information it receives. Initial impressions, estimates, or data anchor subsequent impact thoughts and judgements
Framing trap
Decision researchers have documented two types of frames that can distort decision making:
1. Frames as gains versus losses
2. Framing with different reference points
Framing with different reference points
As a negotiator, don’t automatically accept the initial frame
If others recommend decisions, examine how they frame them
Overconfidence trap
Overly confident about the accuracy of their predictions, most people set too narrow a range of possibilities…[and] if managers underestimate the high end or overestimate the low end of a crucial variable, they may miss attractive opportunities or expose themselves to far greater risk than they realize
Recallability trap
Even if we are neither overly confident nor unduly prudent, we can still fall into a trap…because we frequently base our predictions about future events on our memory of past events…we can be overly influenced by dramatic events